Gold Coast in The News
“Gold Coast Prices growing faster than Melbourne and Sydney” – Gold Coast Bulletin
“And any time you have a major event like the Commonwealth Games, the property market always benefits from it. Expect to see price growth over the next four years” – The New Daily
“The best performing property market in 2017 will be the Gold Coast, with Mr Birch predicting 10 to 20 per cent growth in the sunshine city” – News.com.au
“A ramp up in infrastructure projects, record tourist numbers and strong population growth has seen improved economic indicators across much of the Gold Coast over the last 18 months” – Colliers Research Report 2017
Australian Property Comparisons
The Sapphire, which includes the Shangri La Hotel, is achieving up to $15,500 per m2.
The penthouse is on the market for $29 Million.
Waterfront projects in Sydney, for example Crowns Barangaroo is achieving up to $40,000 per m2.
A number of 1 bedrooms units are selling in excess of $1 Million.
In addition to the redevelopment of The Star Gold Coast – $13 Billion in major infrastructure projects recently completed, planned or underway. Including:
- $670 million renovation of Pacific Fair
- $200 million invested into new world class sporting infrastructure in preparation for the 2018 Commonwealth Games. Expected to inject $2 billion into the local economy
- $2.3 billion allocated to upgrade the G-Link Light Rail, connecting Northern Gold Coast and Southern Gold Coast with16 new stations, including one right outside Broadbeach Island.
- $300 million upgrade to the Gold Coast Airport
- 57km white sandy beaches
- Welcomes close to 5 million international and domestic visitors per year contributing to $4.3 billion of expenditure
- International visitation to the Gold Coast increased 9%, to 1 million in the year ending March 2017, a record high
- China is the Gold Coast’s largest international source market, with 295,000 visitors in the year ending March 2017 (up 9.5%)
- Predicted Property Market benefits as a result of the 2018 Commonwealth Games
To find out more about the amazing Gold Coast click here
High Employment Growth
Jobs in 2011 – 236,400
Jobs by 2031 – 332,200