Property blog - GoldCoast Property Development

Today our blog found a new “property development map” provided by property group Colliers which plots current and  planned property projects in the Gold Coast.

Despite several high-profile casualties in the wake of the global financial crisis, nearly $69 billion worth of major property development projects are under way or planned for the city, new research released by Colliers on Thursday shows.

That’s an increase of $2.3 billion on the total value of development identified in 2007.

Colliers International director in charge Stewart Gilchrist said the findings clearly demonstrate the region has emerged as a mature and resilient residential and business centre, despite one of the toughest financial periods in recent history.

“We’re not here just as a tourism city, we’re here as a city that runs on its own merits, and we’re here for the long term,” he said.

“Of the 379 property projects included in the report, 21 have an end value of more than $1 billion, which is a huge vote of confidence from some of the largest and most respected development companies both here and overseas in the continued growth of the Gold Coast.

“More than $30 billion of property projects are already under construction, leaving a $38.63 billion pipeline of planned developments to roll out in line with improved economic conditions and to meet the city’s considerable population and commercial growth.”

The map includes major developments with an end value of more than $10 million from the Gold Coast’s northern-most suburb of Stapylton, south to Pottsville in far northern NSW.

Source: Yahoo News

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