Infrastructure development in the Gold Coast
Are you on the fence about buying real estate in Surfers Paradise? Perhaps it's the prospect of living or investing in the Gold Coast that brings many questions to mind. Why not take a closer look at a few key facts around the terrific and continually improving infrastructure in this region that may give you the nudge you need.
Enjoying the Gold Coast
Considered to be one of the world's most desirable cities to live in, there are many perks and reasons to settle in this city. More and more, people are seeing this, as shown by the fact that it remains one of Australia's fastest-growing regions.
According to the 2011 Census, this region had a population of more than half a million. The Gold Coast Convention and Exhibition Centre (GCCEC) notes that this figure increases by roughly 12,500 each year, predicted to push up the total resident population to 820,000 by 2035. With a climate that offers almost 300 sunny days and a beautiful, coastal environment to enjoy, it's not hard to see why.
But it's not just those looking for a new place to call home that should pay attention. Investors thinking about reaping some heavy profits through rental income and capital gains can expect a positive outlook for the coming years. While the stunning beaches and warm weather is what draws many people in, crucial elements such as infrastructure developments that aid in everyday living can make a big splash too.
Take a look at which ones could help increase the value of real estate in Surfers Paradise, one of the Gold Coast's most attractive and prominent suburbs.
Kerbs and paths
There is an increasing emphasis on urban spaces that do not rely on private cars for people to get around. This becomes especially important in an age where the preservation of our environment is becoming a greater concern in the hearts and minds of people. Therefore, developments such as the renewing of kerbsides and walking paths that create enjoyable and safe areas for pedestrians to get around can make a big difference.
Things like a reliable public transportation system, as well as easy access to these are also imperative. Fortunately, people living in Surfers Paradise property should have no such trouble in this area, as the suburb was rated as the Gold Coast's second most walkable region by Walk Score. As the council continues to improve this through its road safety projects, things will only look to get even better.
As mentioned previously, the continual development of public transportation can go a long way toward the appeal of property in the Gold Coast. With this, the development of the light rail network immediately comes to mind. It is Queensland's first ever system of this nature and the largest public transportation project of this type ever implemented by the Gold Coast.
Called G:link, the light rail began construction in August 2012 as a single 13-kilometre line and was opened to the public in July 2014. Surfers Paradise is one of the stops on the route, making it easy for residents in the area to jump on and off. Furthermore, a 7.3-kilometre northern extension is being worked on, and will allow people living in real estate in Surfers Paradise to easily and quickly access these areas.
With infrastructure so well-developed and more exciting changes on the horizon, it provides plenty of incentive for people to check out Surfers Paradise property. Whether it's to live in or to make a profit, get in touch with Ray White Surfers Paradise. Our team of experts can show the great spread of housing options available to you.