With only a one hour drive separating Brisbane and the Gold Coast, many forget how close Australia’s third-largest (Brisbane) and sixth largest (Gold Coast) cities are.
Situated only a short drive from the M1 Motorway corridor, Pimpama is positioned 26 minutes from Surfers Paradise and 40 minutes from Brisbane’s CBD. Being in this prime location allows Pimpama residents direct access to both cities’ infrastructure, employment and cultural hubs, of which includes Queensland’s new Health and Knowledge precinct. Home to over 20,000 students and 26,000 new jobs, the $5 billion Health and Knowledge precinct is only an 18-minute drive away from Pimpama.
Compared to the rest of the Gold Coast, Pimpama residences have a higher proportion of medium-to-high income earners, which is another core reason why Pimpama’s real estate market has performed well in the past. From a fundamentals perspective, Pimpama’s rental yield of 5.3% for houses and 5.1% for units and townhouses, along with its extremely low vacancy rate of 0.9% in July 2020, Pimpama is one of Australia’s most exciting and promising suburbs.
In light of Pimpama’s rise in popularity and growth potential, Ironfish has identified a quality property recommendation for our investors – Arbour Residences. With positive cash flow 3-bedroom homes on offer for under $450,000 it’s a unique opportunity to take part in.
If you would like to learn more about our offerings in Pimpama or just want to learn more about Pimpama and its surrounding growth and potential – Book a free appointment with one of our experienced strategists.