THE BOOM IS NEAR...
The Reserve Bank of Australia Interest rate is the lowest it's been since 1968, currently at 1.75%.
Consumer confidence is improving, housing affordability is the best it has been in over a decade, home values have risen since the GFC, buyer enquiry is up & on every corner of the Gold Coast there is some sort of construction going on, here are the Top 10 projects:
The top 10 Projects include:
| |
|
Completion Date: |
Estimated Expenditure: |
| 1) |
Pacific View Estate - Approx 3500 Homes (Worongary) |
January 2027 |
$3.2 Billion |
| 2) |
Commonwealth Games (Carrara & Parklands) |
April 2018 |
$2 Billion |
| 3) |
Coomera Town Centre (Coomera) |
Early 2017 |
$1.5 Billion |
| 4) |
Ruby Towers (Surfers Paradise) |
November 2020 |
$1.4 Billion |
| 5) |
Jewel Apartment Towers (Surfers Paradise) |
March 2018 |
$970 Million |
| 6) |
The Lakes Estate "Stage 1" (Mermaid Waters) |
May 2016 |
$859 Million |
| 7) |
Pacific Fair Shopping Centre "UPGRADE" (Broadbeach) |
December 2016 |
$670 Million |
| 8) |
Sundale apartments (Southport) |
October 2016 |
$400 Million |
| 9) |
Jupiters Casino "UPGRADE" (Broadbeach) |
December 2017 |
$345 Million |
| 10) |
Gold Coast Airport "UPGRADE" (Coolangatta) |
January 2021 |
$200 Million |
With multiple other proposed future developments yet to be approved such as:
Helensvale Light rail extention, Iluka 88-Storey Tower (taller than the Q1), Mariners Cove Redevelopment,
It’s pretty obvious that the BOOM is near!!! Its a good time to SELL & a great time to BUY!!! Return to Main News Page
|
