More Massive infrastructure spending for the Gold Coast
It’s very much changed days since the Global financial Crisis for the Gold Coast as More Massive infrastructure spending for the Gold Coast is announced.
Outside of Sydney, Australia’s sixth largest city has shown the best capital growth in Australia over the last few years and all pointers are that it’s not going to stop for some time.
More Massive Infrastructure spending for the Gold Coast Artist’s impression of new Casino
Even the most conservative of commentators is suggesting that over the next twelve months, both weekly rents and average dwelling prices will rise and maybe substantially.
The local population is growing, vacancy rates are very low, employment growth is around the highest in Australia thanks mainly to the huge increase in our tourism industry since the lows of the GFC and the massive infrastructure projects that are taking place from the spending on transport links like the new light rail project, the new town centre and other infrastructure being built around Coomera, the upgrade of the universities and airport and of course, the 2018 Commonwealth Games, just to mention a few, and now a possible $2 billion to be spent by Crown on Jupiters Casino.
The Star Entertainment Group and its Hong Kong partners may build up to five new towers with 3000 hotel rooms and apartments on the Gold Coast as part of a $2 billion master plan centred around the expansion of its ageing Jupiters casino.
Construction of a proposed 200-metre high hotel and apartment tower, which includes 350 apartments and 700 hotel rooms of 4.5-star quality, will start in 2017. Four further towers may be built at two-year intervals depending on demand for the initial tower.
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