The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
JOIN US FOR A ONE-DAY DEEP DIVE INTO THE FUTURE OF THE INDUSTRIAL SECTOR
FIND OUT HOW THE INDUSTRIAL MARKET IS CHANGING IN 2026
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
60
print
Print
RetailThu 12 Apr 18

Gold Coast Gets $30bn Post-Commonwealth Games Development Pipeline

eae811a6-dba3-48c5-94d4-e4147058342e

A $30 billion development pipeline is set to be laid down on the Gold Coast over the next decade, avoiding any chance of a post-Commonwealth Games construction slowdown.

Despite fears that the construction of the game’s buildings and infrastructure was the peak of activity across the coast for the foreseeable future, recent research has revealed nearly $20 billion in residential projects are earmarked to meet the city’s ongoing growth, while a further $10 billion in public and private infrastructure is under way or planned for the city.

The research was prepared by Ray White Surfers Paradise Group and property consultants Urbis.

Ray White Surfers Paradise chief executive Andrew Bell said there was so much more to come for the Gold Coast beyond the Commonwealth Games.

“The staging of the Games heralds the beginning of the next chapter of the Gold Coast’s evolution from a tourist town into a vibrant city with an expanding multi-dimensional economy,” he said.

Bell said the significant residential pipeline came after a protracted post-GFC lull in development when very little was added to the Gold Coast’s stock of new housing and apartments.

“There’s extremely high demand for housing on the Gold Coast thanks to strong population growth and the shortfall in new homes and apartments coming to the market over the past decade.”

--Ray White Surfers Paradise chief executive Andrew Bell

“As a result of the hiatus in development, we’ve had rental vacancy rate sitting at around one per cent for some time as well as significant pent-up demand for residential land in many areas of the city.”

Related reading: Surfers Paradise Twin Towers Development Gets Green Light

Based on Urbis’ findings, the Gold Coast has more than 250 projects rolling out multiple sectors like transportation, tourism, retail, health and services.

They include the $615 million third stage of the Gold Coast Light Rail, $500 million Westfield Coomera Town Centre, the $385 million Gold Coast Cultural Precinct, and the second stage of the Gold Coast Airport’s $300 million masterplan.

Lynda Campbell, author of Urbis’ Gold Coast Infrastructure Report, said more than half of the infrastructure spending was public and many of the projects would be undertaken over many years.

“While $2.4 billion in infrastructure development has been completed in the past 12 months, we still have $3.4 billion worth of projects currently under construction and a further $7.2 billion planned.

“The data reflects the Gold Coast’s diversifying economy and demonstrates that there is plenty of growth yet to come for the city,” she said.

RetailResidentialInfrastructureAustraliaGold CoastSector
ADVERTISEMENT
TOP STORIES
Bee Bricks hero
Exclusive

Beyond Green: The Rise of Net-Positive Architecture in Australia

Clare Burnett
7 Min
Exclusive

Central Element Hotel Debut Spearheads Oxford Street Renewal

Taryn Paris
8 Min
London skyline near the walkie talkie tower showing the 85 gracechurch street development.
Exclusive

Basilica to Business: London Office Tower’s Historic Rework

Renee McKeown
6 Min
Hotel Indigo Adelaide hero
Exclusive

Neighbourhood Hotels Reinvent Urban Hospitality

Clare Burnett
5 Min
Melbourne CBD empty site
Exclusive

Melbourne Developers Hit Back at Mayor’s ‘Lazy Landlord’ Plans

Leon Della Bosca
7 Min
View All >
Leppington hero
Residential

Rezoning Sought to Pave Way for $340m Leppington Scheme

Clare Burnett
Development

Sydney to Host Australia’s Leading Commercial Real Estate Event

David Di Marco
Providence Lifestyle plans for Haynes Perth just outside of Armadale
Land Lease Communities

Providence Lifestyle Plots Fifth Over-50s Perth Community

Renee McKeown
The Perth developer has filed its plans for its fifth Perth project, targeting a property hotspot in the city’s east cor…
LATEST
Leppington hero
Residential

Rezoning Sought to Pave Way for $340m Leppington Scheme

Clare Burnett
2 Min
Development

Sydney to Host Australia’s Leading Commercial Real Estate Event

David Di Marco
4 Min
Providence Lifestyle plans for Haynes Perth just outside of Armadale
Land Lease Communities

Providence Lifestyle Plots Fifth Over-50s Perth Community

Renee McKeown
2 Min
Technology

Pressure Mounts as EV Charging Becomes the Next Property Benchmark

Partner Content
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/gold-coast-gets-30bn-post-commonwealth-games-development-pipeline-