The Gold Coast is recognised as one of Australia's leading holiday playgrounds and Gold Coast City has been identified as one of the most desirable places in the world to live, offering a number of features that are highly attractive. With 42km of
the Gold Coast, the booming tourist mecca of Australia, you have on offer sun-drenched beaches, amazing weather, World Heritage listed rainforests, exhilarating theme parks(Dreamworld does not have accommodation facilities available within the park), world class shopping and nightlife, it has everything for everyone and continues to attract investors from all over the globe.
The most popular areas are Surfers Paradise and Broad beach however the remainder of "the Coast" offers good quality accommodation close to the beaches and transport. All of this means that nothing is too far away from the many attractions of the Gold Coast. Voted as one of the top 10 growth spots in Australia the investment and lifestyle opportunities are enormous with the area offering:
The 3rd largest film production centre in Australia
Australia's theme park capital, the Gold Coast: Dreamworld; Wet 'n' Wild water park; Sea World; Warner Bros. Movie World; White Water World
More theme parks than any other holiday destination in the Southern Hemisphere.
Over 4.4 million visitors annually
One of the fastest growing regions in Australia
World class lifestyle on offer
Strong population and capital growth
Strong real estate market with strong demand for quality
Huge range of shopping choices, styles and experiences - Gold Coast has 3,500 shops. Beachside retailers and huge shopping centres stock colourful fashions and gifts. There is plenty of choice - Harbour Town factory outlets,Australia Fair, Pacific Fair, Oasis and Robina Town Centre
More than 20 markets including Surfers Paradise’s night markets Fridays,Broadbeach’s lantern lit markets September to May, and more than 500 stalls at Carrara Markets weekends.
The Gold Coast is no longer a provincial city - it's Queensland's second-largest city and one of the fastest-growing, most exciting cities in the Pacific region.
The population of Gold Coast City is now more than 500,000, growing at a rate of 3%p.a, and is expected to exceed 740,000 by 2026 and 1 million before 2050. In the 20 years between 2006 and 2026 the population of the Gold Coast will increase by over 50%.
The rapidly increasing population, combined with current overnight visitor numbers of 60,000 to 70,000 per offers opportunity.
contributes A$9.2 billion to the Queensland economy
accounts for 4.7 per cent of Queensland's Gross State Product
employs222,000 people or 5.7 per cent of the workforce
generates A$3.9 billion annually though exports revenues (second largest export revenues behind coal)
Source: Tourism Queensland,Facts and Figures, June 2010
strong demand, attracting just under 17.5 million domestic and international overnight visitors annually with a collective spend of over A$19 billion (source: Tourism Queensland,Facts and Figures, June 2010)
The Gold Coast is Australia's premier tourist destination attracting over 10.5 million overnight and day trip visitors and approximately 10,000 new residents each year
greatest variety of accommodation, tours, attractions and theme parks in Australia
urban and regional investment opportunities in the South East, Whitsunday Islands region, Cairns and many other regional centres
great lifestyle, warm climate and unique natural wonders
easy and direct access to many destinations facilitated by the State's four international airports: Brisbane, Gold Coast, Cairns and Townsville
increased international access through expanded aviation access from key target markets in Japan, Korea and China
abundant accommodation with over 64,000 rooms in South East Queensland.
There are 4 universities on the Gold Coast. They are Griffith University, with campuses in Southport CBD and Parkwood; Bond University- Australia's first private university; Central Queensland University;and Southern Cross University. Gold Coast Institute of TAFE has four campuses from Coolangatta to Southport and is the region's largest provider of Occupational Education & Training. It enrolls over 15,000 students a year and employs over 600 staff. There are various preschools, primary schools and secondary schools on the Gold Coast in each suburb. Some popular ones are Varsity College,St Hilda's, TSS, Somerset College, etc.
The Queensland economy offers investors a sound, safe long term investment climate. Queensland has the added advantage of being positioned in an extremely stable and resilient country. In2009, Australia's economy ranked as the third most resilient in the world to economic cycles(2009 IMD World Competitiveness Yearbook).
Queensland is projected to experience the largest percentage increase in population between 30 June 2007 and 2056, more than doubling the 2007 population of 4.2 million to 8.7 million people by 2056. As a result Queensland is projected to replace Victoria as Australia's second most populous state in 2050.
Queensland's population was estimated at over 4,349,500 by 31 December 2008 (20.1 percent of the Australian population). Queensland's population increased by 106.560 persons over the 12 months to 31 December 2009. This was a growth rate of 2.4 per cent, the second highest growth rate of all states and territories, and higher than the growth rate for Australia(2.0 per cent). Net overseas migration made the largest contribution to population growth in Queensland in the 12 months to 31 December 2009 (50.0per cent), followed by natural increase (37.3 per cent) and net interstate migration (12.7 per cent).Situated within one of the fastest and most sustained population growth and urban development regions anywhere in the developed world, Gold Coast City’s contribution to Australia’s economic output has increased in line with its growth.
Strategically located at the edge of the Asia Pacific region, Gold Coast City is situated in the middle of the booming South East Queensland corridor, a catchment of almost 3 million people.
Accessible from both the Brisbane and Gold Coast airports, its location puts some 3 billion people from the Asia Pacific region within a direct flight radius. Major road and rail transport initiatives have given the city excellent access to major air and sea ports, which has increased regional export potential.
The Gold Coast City economy has trebled in the past ten years, growing from $6.4 billion in 1996/97 to $18.2 billion in2007/08. Forecasts predict Gross Regional Product to grow to A$28.9 billion by2026*.
This growth has translated into thriving tourism and urban development sectors and has boosted the expansion of the city’s economic base across a diverse range of industries that include creative, education, environment, food, health, information communication technology, marine, tourism, and sport.
Economically, Gold Coast City is now considered Australia’s growth hot spot. Population-driven economic growth is providing significant opportunities for investors and businesses looking to establish, expand or re-locate. A combination of lower costs, diverse workforce, solid infrastructure and supportive business environment provide the setting needed for business success.
Gold Coast City is home to a wide array of natural attractions and a broad range of well-developed tourism services and infrastructure, including theme parks, restaurants, wineries,shopping and international golf courses. The city continues to host about ten million visitors every year, playing a disproportionately large role in Australia’s tourism industry comparative to its size. No other Australian city invests as much into tourism..
Source: Gold Coast City Council Input/Output table 1996-97, 2001-02, 2007-08, National Institute of Economic and Industry Research November 2007, PRD Nationwide November 2007.
Recent Major Developments
• A$1.7b Rapid Transit System
• A$1.5b Gold Coast University Hospital
• A$700m Hilton Hotel development
• A$800m Soul apartment and retail development
• A$324m Robina railway extension
• A$300m Robina Town Centre expansion
• A$120m Carrara Stadium redevelopment
• A$25m Surfers Paradise Foreshore Redevelopment
• A$100m Gold Coast Airport expansion
• A$82m Southport Broadwater Parklands redevelopment
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