Advice for Gold coast uppper coomera/pimpama

Hi everyone,

An agent has contacted me recently to try to sell the house and land package (new estate) in upper coomera/pimpama, a typical 450m2 land + lowset 4/2/2 house for about 450-480k.

I have read and search in the forum have found most people don't like the suburb and house and land package as its own not a good investment, in summary:

1. Pimpama is middle of nowhere, still need half hour drive to brisbane/gold coast
2. It has lots lots of lands released or to be released
3. In house and land, developer has a lot of margins. in this case, there is agent selling, so extra costs and even higher margin passed to end buyer.

But the agent has made some points about the good things on the location and the estate:

1. It has new westfield shopping centre which is walking distance, it also has primary and high schools
2. It has 1 year rental guarantee, with rental yield about 6-7%

For my situation, it also has following benefits:

1. First home buyer grant $15,000
2. Higher depreciation schedule
3. Buying this is kind of set and forget, because quite busy with job so this is quite good for me.

I still could not make decision as i am not familiar with gold coast, uncertain about the economy there and population growth, and agent said there will be about 100-150k CG in 3 years which i highly doubt. but on the other hand i like it has a westfield shopping centre within walking distance, and all the amenities.

Could anyone give me some advice/suggestions?

Advice for Gold coast uppper coomera/pimpama