School developments offer fantastic investment opportunities
Education is an important part of every child's development, which is why it's something that needs to be considered when it comes to searching for a family home. After all, you want to be able to provide your children with the best options possible for their formative years.
Taking this into consideration should be one of the top things on you and your partner's list of needs for a new home. And if you're looking to move into the Gold Coast City suburb of Pimpama, you could be in luck. Construction just recently began on a new primary school in the area, which is the first of 10 to be built as a part of a $1.517 billion public private partnership in the Sunshine State.
Education, Training and Employment Minister John-Paul Langbroek said the event was cause for celebration, marking the beginning of an exciting five year construction period, during which 10 new schools will be created across the state in order to provide for the children of the area.
This could be something to consider if you're interested in purchasing residential property in the coming years, especially in population growth spots. Investment property in the areas could do extremely well, with an expected 10,000 students, 500 teachers and 130 non-teaching staff expected to take up roles in the new schools.
"The Newman government is working with the private sector to deliver the school facilities our communities desperately need, while saving hardworking Queenslanders' taxpayer dollars and creating around 1,700 jobs annually," said Mr Langbroek in a February 14 statement.
These schools have been strategically placed across the state, after growth spots were highlighted by the Queensland government's statistician in order to highlight where potential areas of need would be for schooling facilities over the next two decades.
"Along with this Prep to Year 6 school in Pimpama, two new schools will be built in Caboolture, with others to be built in Burpengary, Pallara, Ripley Valley, Springfield, Griffin, Bellbird Park and Redbank Plains," said Mr Langbroek.
He said that providing essential infrastructure in some of the fastest developing regions of the state would help secure the future of Queensland's economy, as well as aiming to provide a great education for the children of the state.
Now could be the perfect time to consider purchasing residential property in these regions, especially for savvy property investors hoping to build profitable portfolios in the near future.