WHY NOW IS THE TIME TO INVEST IN SEQ - VERSION 08/02/19 - Tribeca
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CONTENTS • National Property Clock • South East Queensland • Queensland Property Market • News Articles • Tribeca Estates
SOUTH EAST AREA PROFILE QUEENSLAND SOUTH EAST QUEENSLAND BRISBANE Ipswich Springwood Loganlea Logan Central Holmview Greenbank Refer to Tribeca’s Springfield Park Ridge Beenleigh Area Fact Files for Redbank Plains LOGAN CITY Ormeau more information. Pimpama Coomera 02 02 A TRIBECA AREA FACT FILE A TRIBECA AREA FACT FILE SUBURBS: GOLD COAST SOUTH EAST QUEENSLAND SOUTH EAST QUEENSLAND Surfers Paradise FOCUS AREA: LOGAN CITY FOCUS AREA: BRISBANE - GOLD COAST • COOMERA • PIMPAMA CORRIDOOR • ORMEAU • LOGAN CENTRAL • PARK RIDGE • BEENLEIGH • GOLD COAST • SPRINGWOOD • HOLMVIEW • LOGANLEA
SEQ PROPERTY BRISBANE MARKET COMMENTARY Brisbane’s stable property market performance is That figure plummeted post- GFC. The silver lining on display once more as we approach the middle is that we’re now well and truly tracking on an of 2019. upward curve after coming off this low base. One of the key indicators well worth watching is There is no doubt that many of these buyers are Queensland’s net interstate migration number. affordability migrants – those now priced out Historically when this figure is on the rise, Brisbane of Sydney’s real estate market who are keen on housing gets a value boost. At the market growth relocating to QLD and enjoying the lifestyle. Best of peak in 2003, there were over 40,000 extra all, many are selling up their Harbour City abodes residents joining the Queensland ranks from other and buying here mortgage free in QLD and with states and territories, (Australian Financial Review) a big chunk of change left over. Recent growth increased interstate migration to 17,500 new residents in 2017 and 24,000 in 2018 (Matusik). HOUSING WITHIN SIX KILOMETERS OF THE CBD HAS CONTINUED TO PERFORM WELL. A NUMBER OF GENTRIFYING MIDDLE-RING SUBURBS EXHIBITED DOUBLE-DIGIT GROWTH. BRISBANE IS THE MARKET WITH THE MOST POTENTIAL FOR GROWTH OVER THE NEXT THREE YEARS.
SEQ PROPERTY GOLD COAST MARKET COMMENTARY The Gold Coast property market has experienced strong property growth over the past years. According to a new CoreLogic report, the Gold Coast recorded the second highest property value growth across regional Queensland in the last financial year. With experts predicting the only way for the Gold Coast property market to go is up, some of the main Gold Coast property market drivers are population growth, increased job opportunities and the low Australian dollar have all contributed to a better performing Gold Coast property market. Major developments on the Gold Coast have been transforming the city into what people are refering to as – Australia’s most beautiful city. With a large number of new construction and infrastructure projects, there’s been a higher number of job opportunities becoming available. This helps drives demand and many are moving in to take advantage of the great Gold Coast lifestyle and new job opportunities. With higher demand, rental prices have been going up leaving many first home buyers looking for ways to get into the property market by taking advantage of the $15,000 Queensland first home owners grant and record low interest rates. Many home buyers are buying off the plan in new estates and developments. This has helped to increase the demand for more construction jobs and increased property prices.
SEQ PROPERTY MARKET COMMENTARY WESTERN AND EASTERN SUBURBS Ipswich & Redland Cities The western growth corridor out through Ipswich is attracting its fair share of affordability driven buyers looking for growing infrastructure appeal to help boost their property values. Ipswich itself has cranked up its cool factor over the past few years, so expect its current popularity to continue. Similarly, the eastern zones out to Redland remain desirable for those seeking established housing for the longer term. In the Moreton region, upgrades to transport infrastructure and a rise in the availability of essential services and facilities bode well. In this area, supply isn’t an issue and 2019 will again be a year of growth in these suburbs. SOUTHERN SUBURBS Logan City Logan sits at the heart of the Southern Brisbane -Gold Coast corridor, one of SEQ’s strongest growth regions, delivering strong population, employment and expansive investment opportunities. The City of Logan is just 30 minutes from the Brisbane CBD and 35 minutes from the Gold Coast. Logan LGA has the second fastest projected annual population growth in South East Queensland from 2016-2036 at 2.3%. Logan LGA population projection for 2016 is 313,785 and projected to grow to 500,881 by 2036. The City of Logan is uniquely located to access the best that South East Queensland has to offer. This established city’s residential neighbourhoods continue to flourish giving locals a wide range of lifestyle options with older suburbs being revitalised through urban and community renewal projects. The city looks to the future with strong investment into emerging industries such as transport and logistics, manufacturing, health care and education. SOURCE: Projected population (medium series), by local government area, Queensland, 2016-2041. URBIS Logan Report 2017.
SEQ PROPERTY MIDDLE-RING SUBURBS MARKET COMMENTARY Stepping a little further out, the mid-ring of housing from 6 to 20 kilometers from the CBD, this sector is expected to remain positive with similar characteristics of firm demand and limited stock listed for sale. Expect upward gains during the rest of 2019 again. OUTER SUBURBS In the outer fringe supply is good so prices have remained relatively stable. In fact, most masterplanned community projects have seen good demand for vacant land this year as affordability investors look to build their dream homes or decent yielding investment properties with depreciation benefits.
3 REASONS WHY SEQ 1. AFFORDABILITY & STABILITY - PROPERTY MARKET • Brisbane and the SEQ region is a more accessible investment location that has demonstrated superior resilience to the weakness experienced in other parts of the Australian housing market. Historically IS GROWING. median house prices in Brisbane have been 75-85% of Sydney. With median house prices in Sydney still over $1m ($0.9m in Melbourne) Brisbane is forecast to outperform as median house prices are currently only 60% of Sydney at $0.6m. • Average House prices on the Gold Coast grew to $655,000 in 2018 and Brisbane’s average house price hit a new high of $675,000 in 2018, up from $505,000 since 2012. Following this trend, affordability is a key reason why SEQ will continue to be a favoured investment destination. 1 AFFORDABILITY & STABILITY 2. MIGRATION - With migration now at highest levels since 2007, the greater Brisbane region could see growth of 30% 2 MIGRATION in next 3 years and close gap difference between Sydney and Brisbane. 3 VALUE & OPPORTUNITY • More broadly, Queensland’s net interstate migration is on the improve, up from 6,000 people in 2014 to 17,430 in 2016-2017 and recently up to 24,000 between 2017-2018. Queensland’s annual population growth is now 83,000, up from 58,000 in 2015. Nearly 90% of Queensland’s population growth occurred in the south-east corner of the state. • Migration shifts from NSW into SEQ and Brisbane corridor is projected to inject 8.1billion dollars into these housing markets. People have been leaving NSW at a faster pace over the past few years favouring interstate migration to Queensland where house prices are half of Sydney. • Queensland has become the number-one destination for internal migration, taking over from Victoria in the latest ABS Census data, and our overseas migration is at its highest level in years, which means demand for accommodation will continue. SOURCE: QLD Treasury, BIS Oxford, QLD Government Statistician’s Office, CoreLogic, Real Estate Institute of Queensland Market Monitor, Domain house price report.
3 REASONS WHY SEQ 3. VALUE AND OPPORTUNITY - PROPERTY MARKET QLD is enjoying a steady rate of job growth. • House price growth forecast for 2018-20 shows Brisbane as a standout at 13% growth. This is IS GROWING. conservative as the figure includes apartments, old dwellings, units and townhouses. Detached H+L is the most in demand housing type and should see higher growth. • BIS Oxford Economics suggests that while some property markets around Australia will languish, Brisbane’s housing market is likely to be the best performing property market over the next 3 years jumping 13 per cent to a median of $620,000. • Since 2007, 11 of the 12 LGAs that experienced the strongest house price growth are in south east Queensland. 1 AFFORDABILITY & STABILITY 2 MIGRATION 3 VALUE & OPPORTUNITY SOURCE: QLD Treasury, BIS Oxford, QLD Government Statistician’s Office, CoreLogic, Real Estate Institute of Queensland Market Monitor, Domain house price report.
TOP SEQ GROWTH SOUTH EAST QUEENSLAND SUBURBS ANNUAL PROJECTED POPULATION INCREASE RELEVANT REGION % RELEVANT REGION’S PROJECTED GROWTH SUBURBS 1. Ripley 2. Jimboomba 4,030 2,920 Ipswich Logan 31% 37% 3. Caloundra-West 2,110 Sunshine Coast 22% 4. Pimpama 2,020 Gold Coast 14% 5. Coomera 1,830 Gold Coast 12% 6. Greenbank/Park Ridge 1,650 Logan 21% 7. Bellbird Park-Brookwater 1,610 Ipswich 12% 8. Rosewood 1,600 Ipswich 12% 9. Springfield Lakes 1,540 Ipswich 12% 10. North Lakes-Mango Hill 1,510 Moreton Bay 16% 11. Landsborough 1,150 Sunshine Coast 12% 12. South Brisbane 1,120 Inner Brisbane 18% 13. Newstead-Bowen Hills 980 Inner Brisbane 16% 14. Southport 960 Gold Coast 6% 15. Surfers Paradise 960 Gold Coast 6% 16. Upper Coomera-Willow Vale 890 Gold Coast 6% 17. Murrumba Downs-Griffin 820 Moreton Bay 9% 18. Redbank Plains 730 Ipswich 3% 19. Cashmere 710 Moreton Bay 7% 20. Fortitude Valley 610 Inner Brisbane 10% Top 20 suburbs 29,750 SEQld 40% Source: Matusik Missive -Issued 19 Jan 2019
Click to read full article ABC NEWS 25 JUNE 2018 In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge by the most - while the Sydney market slows to a crawl. • Sydney is tipped to be the slowest property market in the next three years (+3pc) • Melbourne prices are expected to increase (+6pc) due to strong population growth • Brisbane is forecast to have the largest medi- an price rise (+13pc) by 2021
Click to read full article AUSTRALIAN FINANCIAL REVIEW 5 JUNE 2018 “I believe its affordability will continue to attract record levels of interstate migration.” John McGrath
SEQ Migration and Price Growth Migration points to Qld house price rebound Click to read full article AUSTRALIAN FINANCIAL REVIEW 17 JANUARY 2018 Gold Coast Lifestyle. “As more people migrate to the Sunshine State, the equity wealth built in Sydney is transferred to Brisbane.” Ms McDade said. “This increase in demand coupled with a higher perceived value has historically driv- en Brisbane real estate prices higher.”
The emerging exodus is part of Australia’s latest wave of interstate migration to Queensland, where house prices are half Click to read Sydney’s and job creation is on the rise. When full article similar factors were at play in the mid-1980s and mid-2000s, an average 134,000 people THE SYDNEY MORNING HERALD 6 OCTOBER 2017 made the trek north over a three-year period. They were mainly from New South Wales, Macquarie said. “People have been leaving New South Wales at a faster pace over the past couple of years and movement into the traditional destina- Macquarie estimates the migration shift could tion of Queensland is picking up,” Macquarie’s inject $8.1 billion into the Brisbane and southeast wealth management unit said in a note. Queensland housing markets, equivalent to 25 per cent of current turnover. “When the cycle turns, the acceleration occurs rapidly based on the experience of In contrast, little would be lost in Sydney, as $8.1 past cycles.” billion represents about 10 per cent of its annual turnover and isn’t enough to affect the mar- ket, according to Macquarie. The city’s median house price has sailed past $1 million. Critically, an exodus to the Sunshine State could strengthen the national property market by spread- ing housing equity around the country, Macquarie said. Queensland consumer spending could also see a significant boost as heavily indebted Sydney households turn into cash cows.
Click to read full article NEWS 4 FEBRUARY 2019 According to Daniel Walsh of investment buyer’s agency Your Property Your Wealth, investment activity has now firmly shifted to Queensland. “We’re also seeing rising demand particu- larly in the housing sector in southeast Queensland where yields are high and jobs are increasing due to the amount of government expenditure around infra- structure which is attracting families to the Sunshine State.
Click to read full article Chart 1 shows that Queensland’s net interstate migration is on the improve, up from 6,000 MATUSIK & THE URABN DEVELOPER 14 OCTOBER 2018 / 29 JANUARY 2019 people in 2014 to 24,000 over the last twelve months. But it still accounts for less that 30% of the state’s annual population growth. So, the other components of population growth – being natural increase and net overseas migration – are really having a bigger impact. Queensland offers a more affordable and livable lifestyle, incredible weather and booming new industries in research, LNG exports and renewables.
Otto Estate offers the dream lifestyle for those Rd BRISBANE CITY ell AND AIRPORT wanting the perfect home and a smart investment orw wN Ne Rd Ormeau for the future. Located in the highly sought after mine Coomera, the latest thriving development in the ld Go Jacobs Well growth corridor of the Northern Gold Coast, Otto Rd Jacobs Well is connected to the local area through a range of pama - LIVINGSTONE Pim transport options, boasts numerous modern local CHRISTIAN COLLEGE amenities, and has a world-beating choice of leisure Mirambeena D r activities offered by the beautiful Queensland coast. Woogoompah KING’S Island CHRISTIAN COLLEGE Pimpama SOUTH MORETON • 4 bedroom, 2 bathroom, 2 garage homes N BAY ISLAND d NATIONAL PARK from 200sqm. in R Kerk Ri fle Yawap Ra ng eR lah Rd • Land lot sizes ranging from d PIMPAMA 315sqm - 726sqm. STATE Pacifi SECONDARY d • Starting from only $489,980 an Way COLLEGE nR a South c Mo COOMERA lem Co Stradbroke COOMERA RIVERS STATE torw • 2 minutes drive to Coomera Train station, Finneg SPRINGS STATE SCHOOL ay [M SCHOOL Coomera Rd SANCTUARY COVE M1 Motorway and 1] MARINE VILLAGE Upper xwell Coomera Fo Rd TAFE QLD • 2 minutes drive the new Westfiled ch HOPE ISLAND Sanctuary Cove oa PROPOSED COOMERA dC ASSISI TOWN CENTRE MARINA Park way town centre Ol SHOPPING he CATHOLIC T COLLEGE VILLAGE DREAMWORLD Reserv e Rd Hope • Commuters able to access the CBDS of Island TOTAL LOTS UPPER COOMERA SAINT STATE COLLEGE STEPHEN’S sI la nd Rd both Brisbane and the Gold Coast COLLEGE pe Reserve Ho 101 Broadwater Ave Rd Paradise Point HOMEWORLD HELENSVALE PROJECT STATUS Tambo Hel ensvale Rd rine-O xenfor d Rd Oxenford NOW SELLING Coombabah Oxley Dr MOVIE WORLD Runaway Bay PRICE POINT Helensvale RUNAWAY BAY Morala Ave SHOPPING WET ‘N’ WILD VILLAGE $489,980 - 627,980 CLOSE TO CAFE PLAYGROUND AND Bris ALL HOMES WITHIN ban EXCELLENT PRIMARY 2 MINUTES TO THE CLOSE TO COOMERA Rd Binstead Way eR WESTFIELD d d AND FUTURE SPORTS AREAS CLOSE TO PARKLAND lan HELENSVALE AND HARBOUR SECONDARY NEW COOMERA TRAIN STATION uds Pacific Pines Blvd SHOPPING TOWN A.B PATERSON CHILDCARE CENTRE CENTRE SCHOOLS NEARBY TOWN CENTRE Ma COLLEGE Pic Pac tair ific nW The Mo ve ay Maudsland Spit torw lsen A Gold C ay
Peel Island y Gateway Motor Hw ry Capalaba na nt e North Ce Arc at Park Ridge is a part of a master-planned Pa Stradbroke c i fic Island Mo expansion of 2,450 hectares, with the beautifully to M7] ay [ rw rw ay M oto ich landscaped estate built for the convenience of its [M Ipsw 3 Victoria ] M2 Point residents. Property developers and architects have y[ wa or ot Mount Cotton realised the vision for a lifestyle-focused community yM IKEA LOGAN wa te where the residents can work, play and prosper. Ga Lo g an Pannikin y Motor w Island Hw ay [M2 GRIFFITH UNIVERSITY ] LOGAN CAMPUS ry LOGAN WEST AQUATIC HYPERDOME Browns Plains • Homes ranging from 180 to 225sqm. na AND FITNESS CENTRE SHOPPING CENTRE te Russell Island en GRAND PLAZA Bro C wn P LOGAN l ain s HOSPITAL L Rd og • Land lot sizes ranging from 352 to 581sqm an Park Rid g e Rd LOGAN METRO Riv er Pa INDOOR SPORTS Rd c CENTRE i fic CANTERBURY Mo LOGAN RESERVE COLLEGE • Starting from only $429,980 to rw STATE SCHOOL ay LOGAN WEST AQUATIC [M 1] AND FITNESS CENTRE Eden Island • Surrounded by beautiful natural landscape y y Hw HENDERSON Rd PIONEER HEALTH Chambers Flat STREET PARK desa leigh Rd Logan Village • Nearby Logan Village and Woolworths nt Lin ert Been Mou C amp C a ble Rd Shopping Centre offers a range of shopping B e aude s Wa South and lifestyle options. te JIMBOOMBA r fo LIONS PARK Stradbroke rd T Coomera Island am • Nestled in the sweet spot between the two b or Mount Lindesay Hwy d in e Waller R cities of Brisbane and Surfers Paradise, Arc Rd Dr Emerald Brown Plains Rd Tamborine Rd Tam is positioned only minutes away from major bo li s s r in eR B ay Green d Rd employment, health, lifestyle and education CRESTMEAD Tamborine Oxenford Rd STATE SCHOOL Rd CRESTMEAD i gh PARK RIDGE EARLY Mu hubs. PARK RIDGE TOWN CENTRE Bumste MEDICAL CENTRE enle CHILDHOOD CENTRE a d Rd nd Tamborine oo Crest R d t Be l un d Clarke R PARK RIDGE PARK RIDGE Mountain Co ser STATE HIGH SCHOOL PRIMARY Park Rid g e Rd nn TOTAL LOTS ude ec in Rd lat Rd t io Bea Andrew PARK RIDGE CHILDCARE nR Rd & PRE-SCHOOL Southport o unt a S ch o ol d b er s F Rd 76 rine M Ch am PARKLANDS Rosia R d Beaudesert CHRISTIAN COLLEGE Koplick R d Nerang o Tamb Stoney C amp SAINT PHILOMENA Rd r ve y Gold Coast Rd Hw SCHOOL e Pacifi es nR y Canungra sa ga de Lo c Lin PROJECT STATUS M ot o nt ou M r way [M1] NOW SELLING PRICE POINT $429,980 - 498,980 EXCELLENT PRIMARY PLAYGROUNDS, FIRST CLASS UNDER AN HOUR 15 MINUTES TO CLOSE TO LOGANLEA AND SECONDARY SPORTS AREAS AND MODERN HEALTH TO BRISBANE AND LOGAN VILLAGE TRAIN STATION SCHOOLS NEARBY PARKLANDS FACILITIES IN CLOSE SURFERS PARADISE TOWN CENTRE PROXIMITY
Rd BRISBANE CITY Perfectly located in the latest thriving development ell AND AIRPORT orw wN in the growth corridor of the Northern Gold Coast, Ne Rd Ormeau Go ldmi ne Pimpama is a vibrant place buzzing with fresh ideas Jacobs Well and full of life. Recently voted as Australia’s top ll Rd housing hotspot, Pimpama has always been one cobs We - Ja of the Gold Coast’s best-kept secrets, with a rich ama Pimp LIVINGSTONE CHRISTIAN COLLEGE history and community feel. Mirambeena D r Woogoompah • 4 bedroom, 2 bathroom, 2 garage homes KING’S Island CHRISTIAN from 200sqm. COLLEGE Pimpama SOUTH MORETON • Land lot sizes ranging from N BAY ISLAND d NATIONAL PARK in R 360sqm - 522sqm. Kerk Ri fle Yawap Ra lah Rd ng eR d • Starting from only $494,980 PIMPAMA STATE • 2 minutes drive to Ormeau Train station, Pacifi SECONDARY d an Way nR COLLEGE a M1 Motorway Southand TOTAL LOTS c Mo COOMERA lem Co Stradbroke COOMERA RIVERS STATE torw Finneg SPRINGS STATE SCHOOL • 10 minutes drive the new Westfiled ay [M SCHOOL 46 Coomera d SANCTUARY COVE town centre 1] ll R MARINE VILLAGE Upper xw e Coomera Fo Rd TAFE QLD • Commuters able to access the CBDS of ch HOPE ISLAND Sanctuary Cove oa PROJECT STATUS PROPOSED COOMERA dC MARINA ASSISI TOWN CENTRE arkw ay both Brisbane and the Gold Coast Ol SHOPPING e P CATHOLIC Th COLLEGE VILLAGE NOW SELLING DREAMWORLD Reserv e Rd Hope Island UPPER COOMERA SAINT Rd d STATE COLLEGE STEPHEN’S an Isl PRICE POINT COLLEGE pe Reserve Ho Broadwater Ave Rd $489,980 - 519,980 HOMEWORLD Paradise Point HELENSVALE d vale R ens Tambo Hel rine-O xenfor d Rd Oxenford Coombabah Oxley Dr MOVIE WORLD Runaway Bay RUNAWAY BAY Helensvale Morala Ave SHOPPING CLOSE TO CAFE WET ‘N’ WILD PLAYGROUND AND ALL HOMES WITHIN EXCELLENT PRIMARY VILLAGE 10 MINUTES TO THE CLOSE TO ORMEAU AND FUTURE SPORTS AREAS CLOSE TO PARKLAND B AND SECONDARY NEW COOMERA TRAIN STATION risb Rd Binstead Way ane CHILDCARE CENTRE WESTFIELD Rd SCHOOLS NEARBY TOWN CENTRE d lan HELENSVALE HARBOUR uds SHOPPING TOWN Pacific Pine A.B PATERSON CENTRE Ma COLLEGE Pic Pac tair ific n
TRIBECA’S QUALITY North Lakes Redcliffe QUEENSLAND HOUSE Mount Glorious Strathpine & LAND PACKAGES Kooringal Fisherman Island BRISBANE AIRPORT Amity Point (15km from Brisbane CDB) Now Selling at: Brisbane Gateway Motorway Pa cifi Indooroopilly Carindale cH • Arc Brassall d wy lR gil wy North [M Mo g Capalaba nery H 3] GAINSBOROUGH Cleveland Stradbroke MEADOWS Island Cente • Otto Warrego Hwy Ipsw ich Motor way Sunnybank Victoria Point BELLBIRD PARK • Symphony Ipswich ha m Hw y Springwood ning n Logan Motorw Cu REDBANK Bellbird ay • Vale Redbank Plains PLAINS Park Browns Plains Loganholme Russell Island Park Ridge • Foreshore Beenleigh Holmview • Pallara Peak Crossing Logan Village Ormeau South Jimboomba Stradbroke Island Pimpama Coomera Tamborine Helensvale Gleneagle Tamborine Mountain Southport Beaudesert Surfers Paradise Canungra Gold Coast GOLD COAST AIRPORT (30km from Gold Coast CBD)
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