South East

Population of SEQ Australian International &

Population growth in Queensland continues to be Interstate Migration 2017-18 largely concentrated in the South East with 87.7% of Queensland’s growth in 2017-18 occurring in the State International Interstate Net +/- local government areas of , Gold Coast, , Sunshine Coast, Ipswich, Logan and Queensland +28,667 +24,698 +53,365 Redland. New South Wales +89,813 -21,672 +68,141 The fastest growing LGAs in the year to 30 June Victoria +85,053 +14,316 +99,369 2018 were in SEQ: Ipswich 3.5%, Sunshine Coast South +12,675 -5,151 +7,524 2.8%, Gold Coast 2.6% and Moreton Bay 2.3%. Western Australia +12,810 -11,300 +1,510 City Deal ACT +4,795 +558 +5,353 On 12 February 2019, the Australian Government Northern Territory +846 -3,831 -2,985 committed to develop a City Deal for South East Queensland in partnership with Queensland Tasmania +2,579 +2,382 +4,961 Government and the Council of Mayors for SEQ. Australia - - +237,238

The SEQ City Deal allows the Federal Government Source: ABS, Migration Summary 2017-18 to understand Local Council needs, having already invested $7.2B into major transport infrastructure projects, such as $207M to support construction of Stage 2 (Gold Coast University Hospital to South East Queensland Helensvale), and Stage 3A (Broadbeach South to Burleigh Heads) of the Gold Coast Light Rail project. Population Growth

LGA 2011 2012 2016 Brisbane 1,089,879 1,110,473 1,131,155 Gold Coast 515,202 526,173 555,721 Growth of SEQ Sunshine Coast 318,279 324,266 346,522 Redland 143,711 145,507 147,010 SEQ is a diverse region that will continue to Moreton Bay 390,051 400,036 425,302 grow and experience change over the next 25 years. It is important that the region is Logan 287,474 293,485 303, 386 well-positioned to respond positively to this Ipswich 172,200 177,485 193,733 growth, and change in a manner that meets the expectations of the community. Lockyer Valley 35,880 36,512 38,609 Somerset 22,200 22,584 24,597 Over the next 25 years, SEQ is expected 37,437 37,826 40,072 to grow from about 3.5 million to 5.3 million people. This will require almost 800,000 new SEQ TOTAL 3,012,313 3,074,347 3,206,107 dwellings and around 950,000 new jobs.

PAGE 1 Gold Coast

The is the largest non-capital city in Australia. It is also the second largest local government in Australia, based on Population 2018 population, behind Brisbane City Council. The City employs more than 3,200 staff. 606,774 (ABS ERP 2018) The Gold Coast is located 66km south-southeast of Brisbane. The size of the city is 1,334 square kilometers. The Gold Coast is famous for Population 2041 the 57km of beaches, from South to Rainbow Bay, with an average water temperature of 22 degrees. 961,076 (ABS 2018)

Population Population Growth Gold Coast is Australia’s 6th largest city with an estimated population in 2018 of over 600,000 people. The Census usual resident 58.4% population of Gold Coast City in 2016 was 569,997, living in 244,888 (2018-2041 ABS 2018) dwellings with an average household size of 2.6.

The Gold Coast is one of Australia’s fastest growing regions, with its Gross Regional Product population expected to reach as many as 961,076 by 2041. Between 2011 and 2018, the annual growth rate was between 1.28% and $35.24B (NIEIR 2018) 2.25%, which added approximately 7,098 to 11,614 to the overall population every year. Local Jobs 296,367 (NIEIR 2018) South East Queensland Employed Residents International & Interstate Migration 2017-18 306,304 (NIEIR 2018) LGA Natural Overseas Interstate Net +/- Logan +3,390 +1,640 +1,100 + 6,130 Brisbane +8,200 +11,920 +2,820 +22,940 Ipswich +2,440 +750 +3,960 +7,140 Lockyer Valley +260 +250 +290 +790 Somerset +110 +60 +200 +360 Moreton Bay +2,620 +1,700 +6,050 +10,370 Redland +560 +490 + 1,220 +2,270 Gold Coast +3,300 +4,890 + 7,440 +15,630 Scenic Rim +100 +100 +640 +830 Sunshine Coast +960 +1,450 +6,370 +8,780 SEQ - - - +75,240

PAGE 2 Growth Drivers

Economy Commercial Development

Assistant Tourism Industry Development Minister and Yatala Enterprise Area (YEA) Member for Gaven Meaghan Scanlon said Tourism The industrial suburbs of Yatala, Stapylton and Ormeau, Research Australia Satellite Account data for 2016- known collectively as the Yatala Enterprise Area (YEA) 2017 showed 1.3 per cent growth in tourism gross have been recognised as an important major industry regional product on the Gold Coast. and business employment centre, for the Gold Coast and the expanding SEQ region. The YEA is a highly valuable “Tourism is one of the Gold Coast’s most important resource for the City, with a dedicated area to lead the industries. I’m proud to say tourism is now worth $4.7 market in terms of innovative industrial development that billion a year to the Coast and employs nearly 42,000 will facilitate growth in long term employment. people.” Empire Industrial Estate The Gold Coast economy, valued at close to $25B Located in the Yatala Enterprise Area, covering over traditionally relied on tourism and construction. Over 127ha the estate will contribute over $1B to the Gold the years the city has diversifed and embraced Coast economy and create thousands of jobs for knowledge-based industries including health, ICT, surrounding areas. Once completed, Empire Industrial advanced manufacturing, education and professional Estate will host 550,000sqm of building cover in 10 services. Over the next decade the city will grow to an staged lots ranging from 2100sqm to 300,000sqm. employment base of almost 300,000 people. New ATCO Headquarters Gold Coast Cultural Precinct The Yatala Enterprise Area (YEA) has received another By 2020, Stage 1B will provide a $60.5M international employment boost, with an international company setting standard art gallery to become a signifcant cultural up headquarters in the area employing more than 150 attractor. The purpose-built visual arts facility for people at the ATCO manufacturing, design and supply exhibitions, education and engagement will be youthful, facility. Mayor Tom Tate says the move is a giant boost ambitious, adaptable and collaborative. for the YEA, which now employs around 10,000 people.

Village Master Plan Old Gold Coast Hospital: Queen Street Village The $550M Gold Coast Commonwealth Games The $550M village will be developed over the next six Athletes’ Village is set to become a thriving mixed-use to eight years on the 3.2ha site bound by Queen Street, community including a new residential community and Nerang Street and Little High Street in Southport. It is a business hub for health and knowledge, commercial planned to cater for the local population expected to and retail development. grow 3.5 per cent per annum over the next 20 years.

The Spit Redevelopment The Star Casino Gold Coast

Australia’s newest, biggest and best Ocean Park is to The QLD Government approval of a mega master plan be built on the Gold Coast. The plan secures the future for could see an injection of more of 138 hectares of green space, unlocks the potential than $2B in additional tourism investment across SEQ. for 1800 new jobs and creates vibrant community places The entire master plan will see The Star boast more and outstanding natural areas. tourism accommodation than any other resort in Australia.

PAGE 3 Retail Redevelopment Transport & Medical

$670M Pacifc Fair Redevelopment Gold Coast Health & Knowledge Precinct Pacifc Fair is the fourth largest shopping centre in The 200 hectare area strategically incorporates Australia, with a total area of 155,148 square meters. It education and health facilities such as Griffth includes an outdoor entertainment area, a casual dining University, $1.8B Gold Coast University Hospital, patio, 3 Gold Class cinemas, and a VMax theater. Pacifc associated research and allied health facilities and the Fair Shopping Centre is home to over 400 stores and recently opened Gold Coast Private Hospital. parking increased from 200 to more than 800 in 2018. Pacifc Motorway M1 Upgrade The Pacifc Motorway upgrade between Mudgeeraba $270M Redevelopment Exit 79 and Varsity Lakes Exit 85 will provide additional Central Mall Two, an $88M lifestyle wing, has connected capacity to meet current and future traffc demands. the premium fashion mall with The Kitchens dining and fresh food marketplace, providing additional entries to On average, the 4-lane section of the motorway between Myer. This mall completes a $270M upgrade which has Mudgeeraba and Varsity Lakes carries more than 80,000 added 50,000sqm of retail space to the super-regional vehicles per day, a volume which exceeds practical shopping centre. capacity. Traffc on this section of the M1 is growing and expected to exceed 120,000 vehicles per day by 2026. $15M Australia Fair Metro Redevelopment The major redevelopment of Australia Fair Shopping Proposed Second M1: Coomera Connector Centre and Australia Fair Metro has become the catalyst A footprint has been declared for a future state- for the wider Southport area rejuvenation. Australia Fair controlled north-south corridor between Loganholme Metro offers a unique mix of retailers, dining and service and Nerang, east of the Pacifc Motorway, M1. The new offerings and is a central piece of the Southport CBD corridor is wide enough for up to 6 traffc lanes and is appealing to workers, students and families. expected to include facilities for public transport and paths for walking and cycling. $45M Outlet Redevelopment In 2016 Harbour Town had a $20M expansion and G:Link Stage 3A in 2018 another $25M redevelopment of the dining With the $1.6B Gold Coast Light Rail Stage 1 and 2 precinct. As Australia’s largest outlet centre, Harbour complete, connecting Helensvale through to Broadbeach Town offers over 240 stores including brand direct outlet South, Stage 3A from Broadbeach South to Burleigh and clearance stores, as well as specialty retailers, Heads is the proposed third stage of a world class public alfresco dining, entertainment and services. transport system for Gold Coast residents and visitors.

Westfeld Coomera Upgrade

The new $470M Westfeld Coomera Shopping Centre International property and infrastructure group Lendlease opened in 2018, now offering 140 specialty stores to the has been appointed to deliver Gold Coast Airport’s Coomera area. The 59,000 square metre Westfeld is southern terminal expansion the next phase of the located 500 metres off the Pacifc Motorway, M1 and next $370M airport redevelopment, Project LIFT. The project to the Coomera train station. will generate up to 1500 jobs during construction.

PAGE 4 Coomera

Location Population 2016 Coomera is a growing suburb located 58.8km south-east of Brisbane CBD and 31.8km north of Gold Coast CBD. 13,305 (ABS 2016 Census) Size The size of Coomera is approximately 24.6 square kilometres. It has 35 parks covering nearly 5.9% of total area. Population Growth

Population 51.4% The population of Coomera in 2011 was 8,792 people. By 2016 the (2011-16 ABS) population was 13,312 showing a population growth of 51.4% in the area during that time. The predominant age group in Coomera is 0-9 years. Annual Capital Growth

General Household 0.9% Households in Coomera are primarily couples with children and (CoreLogic April 2019) are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coomera work in a trades occupation. Vacancy Rate

Home Owners 2.6% In 2011, 42.9% of the homes in Coomera were owner-occupied (SQM Research April 2019) compared with 36.8% in 2016.

Coomera Train Station The Coomera train station connects passengers north to Brisbane and south to the Gold Coast. In 2017 the new duplicated section between Coomera and Helensvale stations was complete. The $163M project Major Project delivers the ‘missing link’ on the Gold Coast line and provides improved reliability for Westfeld Coomera Town Centre passengers, and increased capacity for the The $470M Westfield development was completed in future public transport needs of the growing 2018, built on the fast-growing corridor of the Gold Gold Coast community. Coast. It offers 150 specialty stores, including a dining and entertainment precinct with Event Cinemas, market- style fresh food, quick eateries and purpose-built and G:Link Light Rail Stage 2 expertly curated outdoor space for children and families. The $420M G:Link Light Rail Stage 2 extension, between the Gold Coast University The Link Coomera Hospital and Helensvale stations was The Link is proposed to be a world-class, master-planned completed in 2017. Coomera passengers 54 ha business park, providing a rare opportunity for both can now access the G:Link by transferring at low impact industrial and large format retailers to develop Helensvale station which then connects to 19 their business on a local and global scale, and contribute stations along the Gold Coast. to employment and economic growth in the region.

PAGE 1 PAGE 2 Lifestyle & Shopping Education

Shopping Centre Daycare Westfeld Coomera Town Centre services the needs Milestones Early Learning Coomera is one of the many of both the local and greater community. The recently daycare centres Coomera has to offer. There is also completed centre houses Coles and Woolworths, access to a variety located in the surrounding suburbs. 150 specialty retailers, Kmart, Target, JB Hi-Fi, food precinct, banks, beauty, medical and much more. Pre-School Coomera East Shopping Centre is a smaller centre There are many Coomera pre-schools in close proximity offering the community additional amenities. including C&K Coomera Community Kindergarten.

Restaurants & Cafés Primary School Coomera and its surrounding suburbs offer a range of Families can access quality primary schooling options restaurants and cafés for visitors and residents. The locally at the new St Joseph’s College, Park Coomera dining precinct at Coomera Town Centre hosts a variety Rivers State School and Picnic Creek State School. of restaurants to choose from including The Bavarian High School and Nahm Thai Restaurant. The Centre also offers Public and private secondary schooling options include many cafés including Foster & Black and Café 63. Coomera Anglican College, Upper Coomera State College and a new secondary school opening in 2020. Social & Entertainment Coomera Tavern offers a laid-back venue where locals University & TAFE can socialise and enjoy live entertainment. There are Coomera families can send their children to Coomera’s many other venues in Coomera including The Beach very own TAFE or Griffth University, Gold Coast House Bar & Grill. For family friendly entertainment Campus located only 15min/19km drive or catch the The Park at Westfeld’s offers putt-putt and bowling or train and light rail directly there. Bond is the other major visit the Event Cinemas to watch a movie. For all-ages University on the Gold Coast, 30min from Coomera. fun visit themepark located in Coomera.

Transport Medical

M1 Coomera Interchange Exit 54 Coomera Town Medical Centre The Coomera Interchange provides access to both sides Coomera Town Medical Centre offers patients a multitude of the M1. The $74.7M upgrade was completed in 2016 of healthcare services. With GP’s, onsite pathology, including construction of a new bridge north of the existing physiotherapy, psychology, dietetics and speech therapy overpass, signalised intersections and an eastbound loop to support the health and wellbeing of the community in ramp providing a northbound M1 connection. one convenient location at Coomera Town Centre.

Proposed Second M1: Coomera Connector Gold Coast University Hospital The Coomera Connector 45km future state-controlled Coomera is 15min/19km from Gold Coast University north-south corridor is being planned between Loganholme Hospital, one of the largest clinical teaching and research and Nerang to prepare for the region’s future transport facilities for one of the fastest growing regions in the demands from strong population growth on the northern state, providing a range of specialty services for children Gold Coast. The corridor is wide enough for 6 lanes and and adults. Southport Private Hospital is also accessible include facilities for public transport and walk/cycle paths. only 20min/23km and Robina Hospital 25min/30km.

PAGE 2 Coomera Tenancy Summary

Average House Price & Rental Yield

Vacancy Rate

Household Demographics Coomera Investment Summary

Capital Growth

Ref: RP Data CoreLogic 2019

Avg. Capital Growth Avg. Days On Avg. Median Gross Last 5 Years Market For Sale Rental Yield

4.6% 84 Days 4.5% Yield Ormeau

Location Population 2016 Ormeau is a growing suburb located 45.2km south-east of Brisbane CBD and 6.9km north-west of Gold Coast CBD. 14,460 (ABS 2016 Census) Size The size of Ormeau is approximately 16.4 square kilometres. It has 54 parks covering nearly 9.8% of total area. Population Growth

Population 16.3% The population of Ormeau in 2011 was 12,438 people. By 2016 the (2011-16 ABS) population was 14,466 showing a population growth of 16.3% in the area during that time. The predominant age group in Ormeau is 0-9 years. Annual Capital Growth

General Household 3.8% Households in Ormeau are primarily couples with children and (CoreLogic April 2019) are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormeau work in a trades occupation. Vacancy Rate

Home Owners 1.9% In 2011, 63.2% of the homes in Ormeau were owner-occupied (SQM Research April 2019) compared with 63.6% in 2016.

Major Project

$18M Ormeau Village Shopping Centre The new $18M Ormeau Village Shopping Centre will fill a gap for locals by bringing much needed amenities to the fast growing suburb of Ormeau.

The centre will be anchored by a 3,280sqm full line Coles supermarket, a mix of 17 specialty tenancies offering customers a health & wellness hub including a pharmacy, dental and medical, 217 shaded customer car parks, a vibrant food & beverage destination and a range of professional & retail services. The centre is scheduled for completion in June 2019.

PAGE 1 PAGE 2 Lifestyle & Shopping Education

Shopping Centre Daycare The new Ormeau Village Shopping Centre services Goodstart Ormeau Childcare Centre is one of the many the needs of the local community featuring a Coles daycare centres Ormeau has to offer. There is also supermarket, 17 specialty tenancies including retail, access to a variety located in the surrounding suburbs. medical and various food and drink outlets. Other neighbourhood shopping centre’s include Norfolk Pre-School Village and Ormeau Junction Village. For major There are many Ormeau pre-schools in close proximity retailers drive 10min to the new Westfeld Coomera. including Community Kids Early Education Centre.

Restaurants & Cafés Primary School Ormeau and its surrounding suburbs offer a range of Families can access quality primary schooling options restaurants and cafés for locals, including Ormeau locally including Norfolk Village State School and Chinese Restaurant and River Kawi Thai Restaurant. Mother Teresa Catholic Primary School. Cafés include Buddhalicious Café and Little Elm High School Café. For more variety visit the dining precinct inside Ormeau and its surrounding suburbs have a range of Westfeld Coomera Town Centre only 10min away. public and private schooling options including Ormeau Woods State High and Livingstone Christian College. Social & Entertainment Norfolk Tavern and Shearers Arms Tavern in Ormeau University & TAFE are laid-back venues where locals can socialise and Ormeau families can send their children to Coomera enjoy live entertainment. Westfeld Coomera also offers TAFE 10min/12km or Griffth University, Gold Coast a greater variety of venues including the Beach House Campus located only 20min/28km drive or alternatively Bar. For family friendly entertainment The Park catch the train and light rail direct. Bond is the other at Westfeld offers putt-putt, bowling and Event major University on the Gold Coast, 35min from Ormeau. Cinemas or visit one of many themeparks within 15min.

Transport Medical

$4M Ormeau Park ‘n’ Ride Doctors at Ormeau Town Centre Funding for the Ormeau Park ‘n’ Ride has doubled to The Doctors at Ormeau Town Centre offer patients $4M to help deliver 390 car parks. Patronage at Ormeau a multitude of healthcare services including general station jumped 21 per cent when comparing trips from practice consultations, onsite pathology, physiotherapy, October to December 2018 and the same period in 2017 psychology and dietetics to support the health and putting it in the top six among south east train stations. wellbeing of the local community.

Proposed Second M1: Coomera Connector Gold Coast University Hospital The Coomera Connector 45km future north-south corridor Ormeau is 20min/28km from Gold Coast University is being planned between Loganholme and Nerang, Hospital, one of the largest clinical teaching and research which includes Ormeau, to prepare for the region’s future facilities for one of the fastest growing regions in the transport demands from strong population growth on the state, providing a range of specialty services for children northern Gold Coast. The corridor is wide enough for 6 and adults. Southport Private Hospital is also accessible lanes, facilities for public transport and walk/cycle paths. only 25min/32km and Robina Hospital 30min/39km.

PAGE 2 Ormeau Tenancy Summary

Average House Price & Rental Yield

Vacancy Rate

Household Demographics Ormeau Investment Summary

Capital Growth

Ref: RP Data CoreLogic 2019

Avg. Capital Growth Avg. Days On Avg. Median Gross Last 5 Years Market For Sale Rental Yield

20.5% 68 Days 4.7% Yield