The Gold Coast is introducing a number of new schemes and policies ahead of the 2018 Commonwealth Games, many of which will benefit owners of Surfers Paradise property. Several major infrastructure projects have been introduced to the city, which will be hosting the tournament in two years' time.
The spotlight will be well and truly on this part of Queensland, so it's hardly surprising the area has seen heightened activity over recent months. It's estimated that the Games will bring as much as $2billion to the city's economy.
A sporting tournament as large as the Commonwealth Games requires state-of-the-art facilities – something the Gold Coast is keen to provide. Alder Constructions has been enlisted to upgrade the Gold Coast Hockey Centre, which will deliver improved premises and opportunities for 50 local jobs.
The local firm is on track to deliver a "lasting legacy for the community", explained Commonwealth Games minister Stirling Hinchliffe. He emphasised that permanent seating will be provided for 200 spectators, although capacity will be increased for the 2018 event.
Upgrades will include expanding the existing amenities, which include a kitchen and bar, toilets, changing room and function space.
The Commonwealth Games doesn't only bring opportunities for sporting facilities to be improved, but also other areas that will affect the lifestyle of those in real estate in Surfers Paradise. Among them is an initiative that will enable food waste to be collected and recycled more effectively.
It's estimated that as many as 39,000 tonnes of food waste are sent to landfill each year in the Gold Coast. This includes raw food products as well as waste from commercial premises.
Bringing in more diverse recycling options can help ensure the Gold Coast is playing its part in improving the environment, including through the creation of compost and diverting from landfill. Several local business are set to get involved in the programme's trial and see just how successful it is likely to become.
"The Commonwealth Games are only two years away and we are committed to leaving a positive environmental legacy and setting up new and innovative ways to recycle commercial food waste will go a long way towards achieving this goal," noted environment minister Steven Miles.
He added that many people don't understand how much waste is generated during food preparation stages, especially when it comes to commercial premises. Addressing these concerns head on and coming up with practical solutions could be just what the city needs to become greener in the run up to the Commonwealth Games.
These are just two examples of major projects that are currently underway in the region, and that could ultimately benefit you if you're thinking about a move into Surfers Paradise property. The area is thriving at the moment, something which is only likely to continue over the coming years.
The Queensland state government announced late last year that 14,800 new jobs had been created in the region in 2015. As a result, the annual unemployment rate registered at 5.3 per cent, which is below the long-run average of 6.1 per cent.
If you're hoping to invest in this exciting part of Queensland, then now is the time to start looking at properties. We recommend that you speak to one of the experts at Ray White Real Estate Surfers Paradise, who'll be able to set you on the right track to investment success.