The Gold Coast has always been a hot spot for investors, in south east Queensland. As an established city set along some of Australia’s best beaches, population growth is consistent and expected to grow considerably, on the back of the 2018 Commonwealth Games.
The Gold Coast’s incredible skyline is rapidly expanding as infrastructure soars.
Rapid infrastructure shows no signs of slowing down
The investment in infrastructure leading up to the Commonwealth Games has launched the Gold Coast beyond its ‘beach resort’ reputation, towards a more upscale, city living destination. For example, the Games Village, located at Parklands in the Health and Knowledge Precinct, is set to become a mixed-use residential community as well as a dedicated hub of education, health, retail and technology.
The investment in infrastructure leading up to the Commonwealth Games has launched the Gold Coast beyond its ‘beach resort’ reputation, towards a more upscale, city living destination.
The G:link Light Rail is one of the biggest public transport projects in Australia, and Queensland’s first light rail service. Stage two is complete, linking Broadbeach South with Helensvale. The future, in stage three, will see the service extended to Coolangatta airport. This provides ease of transport for locals and tourists alike, as well as aiming to reduce traffic congestion as the city grows.
According to research by Ray White Surfers Paradise Group, nearly $20 billion in residential projects and $10 billion in private and public infrastructure is already underway, or in the pipeline. These include the Westfield Coomera Town Centre, the continued upgrade of the Gold Coast airport and a $385 million investment into the Gold Coast Cultural Precinct. Naturally, with so much development, job growth is also on the increase.
The ongoing Gold Coast Light Rail project provides ease of transport.
Lifestyle benefits continue to advance
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The Gold Coast has long been known as one of Australia’s lifestyle capitals, with glittering beaches, ancient rainforests and near-perfect weather. In terms of tourism, the city is globally recognised, with luxury resorts, world-class theme parks, adventure activities and water sports attracting visitors year-round.
In the lead up to the Commonwealth Games, the city was busily reinventing itself for investors, businesses, locals and the ever-expanding tourist market. In the shopping and dining district of Broadbeach, the upgrades of Pacific Fair and Star Casino are complete and already dazzling guests.
Southport is moving further towards its place as the Gold Coast CBD, with upgrades including Chinatown, new residential buildings and businesses helping to drive an economic boost. With regard to housing, investors and owner-occupiers have their pick of leafy suburbs for an ideal lifestyle, close to schools, entertainment options, parks and, of course, the famous stretch of pristine coastline.
Perhaps the biggest impact of the Commonwealth Games, is that it’s firmly pushed the Gold Coast into the global arena, where a very bright future awaits.