News

Emerging infrastructure plans highlight Surfers Paradise growth goals

By Greg Bell

The 2018 Commonwealth Games being held in the Gold Coast will naturally have a massive effect on the local economy, as well as the wider growth of Queensland. However, the latest release from the Queensland government has found that more than 500 new jobs will be created before the Games even begin, as the construction and upgrade of two sporting facilities in the area aim to stimulate the local economy. 

Minister for State Development Infrastructure and Planning Jeff Seeney said the construction contracts for the new $40 million Coomera Sports and Leisure Centre and $114 million Carrara Sports Precinct projects will be an important part of the future development of the Gold Coast's infrastructure.

With the rising strength of the local economy, now could be a perfect time to consider buying your own commercial property in Surfers Paradise. With the impending growth of tourism over the coming years, getting into the market early could be a great way to prepare for this influx of people and money into the region. 

"We are investing $320 million in infrastructure over the next four years to create venues that will not only host Games events, but create first-class sporting and leisure facilities for the Gold Coast and Queensland for years to come. This government promised to deliver better infrastructure for Queensland, create more jobs and boost tourism. With these projects, we are doing all three," said Mr Seeney in a September 6 statement. 

Commonwealth Games Minister Jann Stuckey said the redevelopment of the precincts would be able to provide a mix of facilities for the state to utilise – both for the Commonwealth Games and in the future – in order to encourage more people to pick up sporting hobbies at a grassroots, local level. 

"The new Carrara Sports and Leisure Centre, which comprises of two multi-use indoor sports halls and a shared public plaza, will be the first project within the Carrara Precinct," said Ms Stuckey in a September 6 statement. 

"This complex is one of the success stories from the early planning stages of the Games, having doubled in size from the original 2011 plans and becoming a permanent rather than a temporary facility. In the longer term it will be a fantastic indoor facility suited to a range of sports including netball, basketball, gymnastics and futsol."

Future infrastructure development on state horizon

Furthermore, the Queensland government also announced new infrastructure delivery plans earlier this week, which could be great news for the continued development of the region. The release of the new InfrastructureQ Directions Statement has highlighted the first steps towards developing a new planning system – with the aim of prioritising and delivering infrastructure in the future. 

The plan is driven by six main points, each one working to help the state develop new infrastructure in an efficient, timely fashion.  Firstly, the state aims to create an integrated infrastructure planning system, alongside a credible, statewide program to ensure an even rollout of projects. With a focused priority on economic growth and productivity, coupled with the encouraged growth of new technologies and innovation, the state aims to provide good infrastructure patterns over the coming years. 

Mr Seeney said the plan would begin game-changing infrastructure and future growth for the region, helping to further stimulate Queensland's skyrocketing strength increases. 

"This is especially important given the fiscal repair task that we are facing, and the possibility that Queenslanders will support the unlocking of $8.6 billion for infrastructure through asset transactions identified in the Strongest Smartest Choice – Queensland's Plan for Secure Finances and a Strong Economy," said Mr Seeney in a September 10 statement. 

With these expected increases in infrastructure across the state, Surfers Paradise commercial investment could be a brilliant move to make. Prepare for the future and being investigating your property options today. 

Up to Date

Latest News

  • How Australian tourism can boost your investment

    After two years of a slow international travel market, tourism in Australia had taken a massive hit. Now that vaccinations are rolling out, global travel is being more widely encouraged and things are picking up pace once again. By the end of 2022, experts are predicting that the tourism industry … Read more

    Read Full Post