Our very own, The REIQ director and Professionals Newlands Real Estate – Surfers Paradise principal, John Newlands recently commented on the future of Gold Coast land development in an article for the Gold Coast Bulletin:
REIQ director John Newlands said the biggest hurdle facing developers was a lack of infrastructure.
“It won’t be a supply and demand issue as the demand will always be there,” he said.
“It will be in the planning stages and whether the infrastructure is ready to go – the roads, sewerage, power stations and those sorts of things.
“There is lots of land at Coomera but the infrastructure is quite a few years behind.
“He said land in the central part of the city including Worongary would be the most sought after.
“Land is basically impossible to get and there is demand for it,” he said.
“There will be price points that some can afford and some blocks of land buyers will be paying a premium, especially if they want to live close to the central Coast.”