The Gold Coast is about to ride a wave of development. Photo Joel Stafford Photographer.
A $30 billion development boom on it's way for the Gold Coast economy
The Gold Coast Bulletin reports a wave of development inspired by the Commonwealth Games will inject $30 billion into the Gold Coast’s economy in the next decade.
A comprehensive report on the Gold Coast’s economy and future will be released today revealing the scope of the projects, including at least $15 billion in projects, made up of apartments, housing and land developments which are still in the planning stages.
The report, compiled by property consultancy firm Urbis and Ray White Surfers Paradise, reveals:
* Nearly $20 billion in housing and apartments projects are either under construction or in the planning stages.
* A further $10 billion in public and private infrastructure is either underway or planned.
* More than 250 projects are being rolled out across multiple sectors, including the $615 million third stage of the light rail, $500 million Coomera Town Centre and future stages of the $385 million Gold Coast cultural precinct.
* Projects completed in the past 12 months account for around 20 per cent of the total figure.