Why Invest in Surfers Paradise?

Get the facts about the Gold Coast City

POPULATION GROWTH Fastest growing regional city in Australia. During 2005-2006 the population swelled by 13,600 Second largest growth (to Brisbane) of any Local Government Area in Queensland during 2005-06 Currently the sixth largest city in Australia and growing fast Source: ABS TOURISM MARKET 9.8 million visitors in 2003-2004 and in 2003 domestic visitors spent 2.6 billion excluding airfares/transport Gold Coast airport runway expansion complete 2007 to accommodate burgeoning tourist markets including China, Middle East, India, Japan, Singapore, Taiwan, Korea and eventually East Coast of USA Source: Tourism Queensland, Gold Coast Airport RENTAL DEMAND Highlights 20% increase in median rent for one bedroom apartments in Surfers Paradise for past 3 years to June 2007 Source: RTA ECONOMIC GROWTH Historically the lowest level of unemployment in Queensland at 3.5% Queensland leading jobs growth in Australia Smart State program driving economic growth to top of Australia and investing in sustainable future Source: OESR

INFRASTRUCTURE Within 5 mins drive… Gold Coast Exhibition and Convention Centre since 2005 catering for up to 6000 delegates with a planned expansion Jupiters Casino, the only casino on the Gold Coast Pacific Fair, the largest shopping centre on the Gold Coast Southport CBD, the major white collar employment hub Major arterials linking to Brisbane (50 mins), Coolangatta (20 mins), Byron Bay (50 mins) 70kms of scenic coastline and world class surf beaches PRICE GROWTH •A strong upwards trend is occurring in the gold coast million dollar plus apartment market. Surfers Paradise accounts for approximately 34% of all million dollar+ apartment sales on the Gold Coast according to PRD Research. Nearly 200 million dollars was invested in Gold Coast property by foreign residents during the 2006-2007 financial year Land shortage, Labour shortage, rising infrastructure costs and increasing demand are pushing prices upwards Source: REIQ, PLP Research Figure 1. Surfers Paradise Median Price Growth, Units and Townhouses

SOURCES accessed August 2007

ABS, www.abs.gov.au

Residential Tenancies Authority, www.rta.qld.gov.au

Office of Economic and Statistical Research, www.oesr.qld.gov.au

Gold Coast Tourism, www.verygc.com

Tourism Queensland, YE 2006, Gold Coast Regional Snapshot

Gold Coast Convention & Exhibition Centre, www.gccec.com.au

Pacific Fair, www.pacificfair.com.au

Jupiters Casino, www.conrad.com.au

Published September 2007


This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. Use with written permission only, students excepted.