Northern Gold Coast Outlook


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The Northern Gold Coast is part of the City of Gold Coast and is know as the northern growth corridor. It centres around the suburbs of Pimpama and Coomera. The city is rapidly emerging as a thriving metropolitan city with a dynamic business and cultural scene.

By 2036, the City of Gold Coast is forecast to grow to 905,681 people, the Northern Gold Coast is ideally placed for continued growth.

LOCATION: Positioned in the northern growth corridor with direct access via the M1 to Brisbane in the north.

COOMERA TOWN CENTRE: The $1 billion retail, business and entertainment precinct will be of regional significant, providing a major boost to the area.

RAPID DEVELOPMENT: Major features in the area include theme parks, education institutions, marinas, parks, shopping centres, entertainment precincts and schools.

ECONOMIC OUTLOOK

COOMERA TOWN CENTRE


The Gold Coast produces a Gross Regional Product (GRP) of $26.95 billion (Economy. ID 2016).

The city’s key industries include retail trade, construction, health care and social assistance, accommodation and food services, manufacturing and eduction and training.

The upcoming $1 billion Coomera Town Centre to the north will provide a major boost during construction and an on going basis, providing job growth and establishing Coomera as a major retail and entertainment destination (Potts, 2016).

The sprawling 18-hectare shopping precinct includes retail stores, cinema complex, fast food premises, tavern, night club, service industries and convenience stores (Pacific Rim Property Group 2015).

As a major activity centre, the Coomera Town Centre will serve a catchment of regional significance and accomodate key concentrations of employment and a significant residential population (City of Gold Coast 2016).

RAPID DEVELOPMENT

As host city of the Commonwealth Games, the Gold Coast is embracing transformative civic projects like never before.

Over the next decade, the Gold Coast will transform into a globally recognised city while retaining its enviable lifestyle and stunning natural environment.

More than $13.5 billion in major infrastructure projects are currently planned or underway (More Gold Coast 2016), with more than $6 billion in actual buildings planned (Weston & Potts 2016).

Approximately $200 million in new world-class sporting infrastructure is being constructed in readiness for the Commonwealth Games in 2018, including the Athletes Village, Gold Coast Aquatic Centre, Coomera Sports and Leisure Centre and the development of the Carrara Sports Precinct.

The event itself is expected to inject $2 billion into the local economy.

Other projects include the revitalisation of the Gold Coast CBD in Southport, which attracts a workforce of 24,857 people (City of Gold Coast 2016).

The $1.6 billion first stage of the Gold Coast Light Rail, linking Griffith University and the Gold Coast Health and Knowledge Precinct to Broadbeach via Southport, commenced service in 2014.

The $420 million stage 2 of the Light Rail will connect Southport to the heavy rail at the Helensvale Station, and will provide an immediate boost to the construction industry, supporting up to 1,000 new construction jobs (Burgess 2016).

On a cultural front, the $365 million Gold Coast Cultural Precinct will be launched in time for the 2018 Commonwealth Games, bringing the community together to engage with arts and culture, and supporting the city’s broader cultural economy and creative industries. It will also provide new employment and business opportunities.

Other projects include Gold Coast Chinatown, which is currently under construction. The $6.8 million Chinatown is an integral part of the development of the CBD as a thriving, multicultural city scene.

The city’s north is set for a $1 billion boom with the Coomera Town Centre project. After a decade in the pipeline, works on the development have begun, which is sparking sales of land surrounding the precinct (Potts 2015).

Stage 1 of the development will include a major shopping precinct, activity centres and transit hub. The project is expected to create 1,200 jobs during construction and 1,600 jobs once the centre is open.

The $390 million Gold Coast International Marine Precinct will also be a boom for the Gold Coast and a key pillar in the city’s economy.

INFRASTRUCTURE AND DEVELOPMENT AT A GLANCE

  • $200 million in world-class sporting infrastructure for the 2018 Commonwealth Games
  • Southport CBD revitalisation
  • $420 million Light Rail Stage 2
  • $365 million Cultural Precinct
  • $6.8 million Chinatown
  • $1 billion Coomera Town Centre
  • $390 million Gold Coast International Marine Precinct
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