Buoyed by strong sales figures and the ongoing popularity with intrastate, interstate and international migrants, the Gold Coast is projecting sustained growth in construction through the combined investment of private and public expenditure.
We’re preparing our city to accommodate more people and a bigger share of industries looking to relocate here.
Billions of dollars are being spent on major infrastructure to upgrade our roads and highways. New public transport infrastructure is supporting thousands of jobs a year, along with civil construction works on new residential and industrial estates, schools and retail facilities.
The building sector is one of the most dynamic pillars of strength for our economy, leveraging off its strategic location in south-east Queensland which remains one of the country’s fastest growing regions.
- Construction is our city’s second-largest employer, directly supporting more than 33,000 jobs.
- In 2019-20, construction generated $12.5 billion in sales and injected $3.26 billion into the local economy.
- Businesses in the construction industry account for the largest share of total registered businesses on the Gold Coast at more than 18 per cent, or almost one in five enterprises.
- The industry accounts for a full two percentage points more of the total Queensland construction market than it did in 2014-15, signalling the rise of demand for construction services.
- For the 2023-2028 period, the average rate of predicted growth for Gold Coast total construction is an increase of 6.5% per annum, which translates to an average annual increase in expenditure of $423 million.
The Gold Coast encompasses a total land area of nearly 1,400 square kilometres of ever-growing residential, tourism and commercial precincts. The city’s diverse landscape also features significant beaches, coastline, waterways, islands, national parks, state forests, rainforests and hinterland areas.
Most of the population, and subsequently development, is in the linear urban coastal area, to the east and west of the Gold Coast Highway (between Coolangatta and Paradise Point).
Some of the Gold Coast’s recent and ongoing major developments:
- Imperial Square – the $2.3 billion project will see four residential towers built in central Southport, complete with a 108-storey tower which is set to become one of the world’s tallest residential developments.
- Pacific View Estate – a significant residential development project penned for 350 hectares of land between Highland Park and Worongary.
- Pacific City – 4,975 hectares of bushland will be transformed into a 60,000 home city in the Norwell Valley on the northern Gold Coast.
- The Lanes – an $82 million retail precinct planned for Clear Island Waters featuring 7,000 square metres of shopping, dining and parklands.
- Gold Coast Cultural Precinct – a 15 year project to transform Evandale Park in Bundall into a world-class cultural and lifestyle precinct, complete with a new $60.5 million art gallery, $37.5 million outdoor stage and concert lawn.
- Gold Coast Dive Attraction – Australia’s first purpose-built reef dive attraction delivered by City of Gold Coast with $2.5 million of matched funding with the Queensland Government’s Growing Tourism Infrastructure Fund.