SOUTHERN GOLD COAST DEVELOPMENT SPENDING NEARS PEAK

Written on the 13 November 2012

SOUTHERN GOLD COAST DEVELOPMENT SPENDING NEARS PEAK

DEVELOPMENT spending on the southern Gold Coast is almost back to its previous 2008 peak levels, according to research by Colliers International.

There is currently $4.7 billion of development in the pipeline for the area, which includes Coolangatta, Bilinga, Kirra, Tugun, Currumbin Beach, Currumbin Valley and Currumbin Waters.

Development spending peaked in 2008 at $5.155 billion including major projects such as the $546 million Tugun Bypass and the $1.2 billion desalination plant.

Colliers International Gold Coast director Stewart Gilchrist says the southern Gold Coast is proving itself as a growth area.

“People move to the area particularly because they find its beachside lifestyle attractive, and improvements to transport infrastructure have made it easier to commute to the business hubs on the central Gold Coast, as well as to Brisbane,” says Gilchrist.

“It is likely there will be more population growth in that southern corridor over time and in line with that residential development is taking place and extra infrastructure is being built to provide services and amenities.

“The two biggest sectors in which development is taking place in the Coolangatta area are indeed the residential sector, with more than $1 billion in the pipeline, and the infrastructure sector, with more than $3.2 billion worth of projects in the pipeline.”

There are currently 20 development projects either planned or underway in the Coolangatta area, compared to 17 last year.


Latest News

ASSET SALES ON THE CARDS FOR E-TAILER SURFSTITCH AS LEGAL COSTS LOOM

EMBATTLED online sport clothing retailer Surfstitch (ASX: SRF) is looking at selling some of its assets as it faces c...

CROC INDUSTRY WORTH MORE THAN $100M TO AUSTRALIAN ECONOMY

CROCODILE farming is big business in Australia's top end, with the industry contributing over $100 million to ...

HOW A YOUNG ENTREPRENEUR 'FELL' INTO A BUSINESS THAT TURNS OVER $50M A YEAR

IN his first year of business as a 26-year-old, he built 18 homes which delivered a turnover of just under $4 million...

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

THE long-neglected and much maligned Festival Plaza in Adelaide has received a hero in the form of long-time neigh...

Related News

ASSET SALES ON THE CARDS FOR E-TAILER SURFSTITCH AS LEGAL COSTS LOOM

EMBATTLED online sport clothing retailer Surfstitch (ASX: SRF) is looking at selling some of its assets as it faces c...

CROC INDUSTRY WORTH MORE THAN $100M TO AUSTRALIAN ECONOMY

CROCODILE farming is big business in Australia's top end, with the industry contributing over $100 million to ...

HOW A YOUNG ENTREPRENEUR 'FELL' INTO A BUSINESS THAT TURNS OVER $50M A YEAR

IN his first year of business as a 26-year-old, he built 18 homes which delivered a turnover of just under $4 million...

SKYCITY INJECTS $330 MILLION INTO FESTIVAL PLAZA REDEVELOPMENT

THE long-neglected and much maligned Festival Plaza in Adelaide has received a hero in the form of long-time neigh...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter