Gold Coast infrastructure projects equate to healthy property investment option.
Gold Coast infrastructure projects equate to healthy property investment option.
Just two of the big infrastructure projects on the Gold Coast are obvious reasons that growth is rapidly increasing which makes property investment a healthy option.
The two big projects expected to drive median prices on the coast is stages 3 & 4 of the light rail extension, plus the 220-hectare Greenheart parklands project stretching from Robina to Carrara.
Greenheart will be six times the size of the Southport Broadwater Parklands, and rival Sydney’s Centennial Parklands.
It will take approximately 20 years to complete and once finished it will feature up to 15 sporting fields for codes such as Aussie rules, Rugby league & Union and Soccer plus an events space to host major events and festivals.
REIQ Gold Coast Zone chairman, Andrew Henderson, said the light rail extension would open up the southern end of the coast for locals and day trippers from Brisbane, as well as helping movement of tourists from the airport.
“The transport corridor has opened up the opportunity for additional development along the route, creating jobs and additional housing,’’ Mr Henderson said.
“Since the introduction of Stages 1 and 2, the light rail has been well supported by the travelling public, with the G-link offering a modern and efficient means of public transport. “Stage 3 approval over the past few years — and now commencement — has resulted in additional building unit construction, increase in property prices, additional property availability, new commercial opportunities and increase in rents. All this even before construction has commenced.’’
