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Prime Minister Malcolm Turnbull commits $1 billion to widen the motorway to six lanes between Varsity Lakes and Tugun and to eight lanes between Eight Mile Plains and Daisy Hill, while extending the busway to Springwood. | Award winning builder, Rawcorp has been selected after previously delivering 2 multi-unit apartment projects for Marquee Development Partners. In both cases delivered ahead of schedule and to an extremely high standard. | |
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Direct from the USA, Australia’s first Topgolf attraction is to open on the Gold Coast in June 2018. Currently under development by Village Roadshow on a six hectare site adjacent to Warner Bros is expected to attract major tourism and business to the area. | The action and excitement of GC2018 has been shared with a cumulative global audience of 1.5 billion. Gold Coast Hotel operators are reporting major increases in demand from future tourists globally after watching it on TV and online. | |
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GC local agents highlighted the lack of rental properties as an issue. This has triggered a larger number of tenants looking for shared-accommodation opportunities. Current vacancy rate on the Gold Coast is only 1.1%, one of the lowest in Australia and much lower than 2.2% in Sydney and Melbourne. | GC weekly median rent for three-bedroom houses, two bedroom units and three-bedroom townhouses increased in the range of 2% to 8 % in 2017. Two-bedroom units recorded the most solid increase equivalent to an annual growth of 7.5%, which is significantly above annual inflation. | |
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GC property market was the number 1 performing market in QLD in last 12 months for rentals and capital values. | QLD: 100,600 new jobs in the last 12 months, that is approx. 25% of all new jobs in Australia. | |
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