Over $200 million in new developments ‘open for business’ on the
Southern Gold Coast!
The laid-back holiday destination of the Southern Gold Coast is redefining itself as a
burgeoning business precinct with more than $200 million recently invested in private
projects across a broad range of industries.
Jim Wilson, General Manager of Connecting Southern Gold Coast Ltd, said the completion of these projects has been received with great enthusiasm by businesses on the Southern Gold Coast.
“They come at a time when our February business survey showed that the effects of the GFC have been felt on the Southern Gold Coast, with reduced revenues and owner satisfaction with business performance,” he said.
“However, our business survey also showed that there are increasing signs of optimism from business owners concerning increases in revenue and business performance in the coming year. These completed projects have led this improved sentiment and outlook.
“An integral factor of these projects is that they create diversity and depth in the Southern Gold Coast economy, which will lead to better marketing of the region and increased employment. These multimillion dollar developments will put the Southern Gold Coast at the forefront of lifestyle, investment and opportunity in Queensland,” Mr Wilson added.
The following projects have recently been completed:
- Gold Coast Airport Limited, Bilinga: expansion of Gold Coast Airport terminal (improvements continuing)
- Southern Cross University Gold Coast Campus, Bilinga: 4-storey campus (planning is underway for another 10-storey development on the Bilinga site);
- Envirotech Institute of Education, the Bird Gardens, Currumbin Valley.
Health and Science:
- Ramsay Health Care’s John Flynn Private Hospital, Tugun: new Day Surgery
- Currumbin Wildlife Sanctuary, Currumbin: new Animal Hospital
- DMS (Daniel MacDonald) Surf Boards, Currumbin Industrial Estate, Currumbin Waters
- Surf World Gold Coast Museum, Currumbin
- Kirra Surf Retail Surf Store, Kirra (largest in Southern Hemisphere)
- Komune Resort and Beach Club, Coolangatta
- Reflection On the Sea, Coolangatta
- Reflection Tower 2, Coolangatta
- Nirvana By the Sea, Kirra
- Kirra Surf Apartments, Kirra
- The Highlands at the Ecovillage, the Ecovillage at Currumbin (Village Centre- Commercial, planned for this year).
- Elysee Apartments, Kirra
Mr Wilson said that the Southern Gold Coast residential property market appeared very healthy, with a regional record sale price of over $8 million recently achieved for a home on Currumbin Hill overlooking Currumbin Alley and the Pacific Ocean.
“The Leda Group’s proposed Cobaki Lakes residential development south-west of Boyd Street Tugun is planned to have the first of its projected 5,000 residential dwellings completed before the end of 2011, increasing economic prospects for the Southern Gold Coast.
“Whilst there are still many issues relating to the Cobaki Lakes project to be worked through with Local Governments, the project will offer employment and lifestyle opportunities to the Southern Gold Coast, as well as the Tweed.
“This development will also add a third gateway to the Tweed region of New South Wales (Tugun -Cobaki ), complementing the existing M1 (Coolangatta – Tweed Heads) and the Tomewin Mountain Road (Currumbin Valley – Murwillumbah),” Mr Wilson said.
Mr Wilson encourages local businesses and residents to support the above projects and existing local traders wherever they can, as part of a “Buy Local” Programme for the Southern Gold Coast.
Southern Gold Coast
Lifestyle, Investment, Opportunity