With the Government spending Millions in the Northern parts of the Gold Coast. One area which still have great potential for capital growth….
Why is that? Well, there are still House and land packages available at below $500,000. That means that you will see how people who are buying a home in Ormeau now, will reap the benefits later when they have built equity in their properties.
More information about Ormeau
Ormeau, ideally located between Brisbane and the Gold Coast, is the perfect place for families to call home. Only 36 min from Brisbane and Surfers Paradise, with sufficient public transport to take you where you need to go.
This is where you will find beautiful house and land packages that is only 9min from Ormeau Train Station. That will get you to either Brisbane or to the Gold Coast.
Ormeau already consists of a high level of owner occupiers, so the amount of rentals will be small, leading to demand.
Its central location gives a range of options for commuters to reach employment and commercial opportunities in both cities and the nearby Yatala Enterprise Area by rail and the M1 motorway.
For capital growth, Ormeau sits squarely within the Southeast Queensland growth corridor, one of the fastest growing regions in the state.
The nearby Coomera Town Centre, a 100,000sqm Westfield shopping centre anchored by a 12,000sqm Myer department store, a $56 million aquatic and sports precinct, and a number of new education facilities are all a short drive away.
Schools in Ormeau: Livingston Christian College, Mother Teresa Primary School, Ormeau Woods State School, Lutheran Ormeau Rivers District School, Ormeau State School, Norfolk Village State School.
Ormeau is part of Australia’s sixth largest city, the Gold Coast. Over the next decade it will transform into a globally recognised city while retaining its enviable lifestyle and stunning natural environment. More than $30 billion in major infrastructure and development projects are currently planned or underway.
The Gold Coast’s population of 590,000 people is expected to continue to grow at 3.5 per cent per annum for the next 20 years to reach 1.1 million by 2034.
Numerous projects are currently underway on the Gold Coast, including several residential developments, as well as the $37 million first stage of the Cultural Precinct, the $600 million Stage 3 of the Light Rail, a $2 billion million M1 upgrade, and the $1 billion Coomera Town Centre shopping centre.
The $1.6 billion Stage 1 of Gold Coast Light Rail, linking Griffith University and the Gold Coast Health and Knowledge Precinct to Broadbeach via Southport, commenced service in 2014.
The $420 million Stage 2 connected Southport to the heavy rail at the Helensvale Station. It is expected to unlock $1 billion in development along the route. The $600 million Stage 3, which heads southbound to Burleigh Head, is currently the topic of a feasibility study and is expected to be open in 2021.
The new State School to be built in Pimpama, only 10km from Ormeau!
A $60 million new primary school is set to be built in one of the Gold Coast’s fastest growing suburbs.
According to the Gold Coast Bulletin, 2 May 2019: State planning document have revealed the proposed Pimpama North State School on Yawalpah road will be completed and ready to take its first pupils by 2021.
The official name of the school is yet to be determined but it is expected to open with a population of between 380 and 400 students in its first year.
It is expected that the primary school will grow by about 300 students per year to an ultimate peak of 1200 students.
It is believed that the school will employ 150 – 165 full time equivalent staff.
An internal one-way road will be built to assist in the distribution of traffic and minimise potential delays.
According to the Queensland the Department of Education Coomera and Pimpama are estimated to be home to 63,762 and 25,931 people respectively by 2036.
The department acknowledges there will be pressure on schools in the area as the number of children in the area exceeds the state average.
With all the developments by the Queensland Government taking place, it only makes sense to find houses for sale Ormeau right now. If you are interested in finding out about the affordable homes in Ormeau, please complete the form below. One of our friendly team members will get in touch with you.