The Gold Coast Building Boom: A City That Never Stops Growing

The Gold Coast's construction and development cycle, the ongoing residential, the commercial, and the tourism infrastructure investment that has characterised the city's growth since the tourism-led development of the 1950s and 1960s and that the successive waves of the apartment tower development, the resort construction, and the master-planned community development have sustained across the market cycles of the boom and the correction that the Gold Coast property market has repeatedly experienced, creates the construction employment and the economic activity that the building industry sustains as one of the largest employment sectors in the Gold Coast economy. The development cycle's latest phase, driven by the south-east Queensland Olympics preparation and the population growth that the interstate migration into the Gold Coast sustains through the lifestyle appeal and the affordability relative to Sydney, is one of the most intense construction periods in the city's history.

The apartment tower development of the Surfers Paradise and the Broadbeach precincts, the high-rise residential and the serviced apartment construction that the ocean view premium and the tourism demand for the Gold Coast accommodation sustain in the market for the investment apartment and the owner-occupier beach lifestyle residence that the tower development format provides at the beach proximity that the Gold Coast buyer premium rewards, creates the skyline that the Gold Coast identity projects as the vertical city on the beach that distinguishes it from the horizontal sprawl of the suburban residential development that surrounds the high-density coastal strip. The tower approvals, sustained by the council's planning policies that support the high-density residential development in the coastal strip and the established centres, create the development pipeline that the construction industry's crane count reflects in the skyline that the ongoing tower construction maintains as the visible measure of the Gold Coast's development activity.

The master-planned community development of the northern and the southern Gold Coast growth corridors, including the Coomera Town Centre development and the Pimpama master-planned residential precincts that the northern Gold Coast growth is being directed to through the transit-oriented development planning around the new Coomera and the Hope Island rail stations, creates the horizontal residential expansion that complements the vertical tower development of the coastal strip with the suburban residential product that the families and the first home buyers who want the ground-level housing and the residential lot that the tower apartments cannot provide are served by in the masterplanned communities of the growth corridors. The infrastructure investment in the schools, the community centres, and the road network that the growth corridor development requires creates the development contribution and the government capital investment that sustains the services for the communities who move into the new precincts before the full infrastructure program is completed.

The commercial development pipeline of the Gold Coast, including the Robina Town Centre expansion, the Broadbeach commercial precinct development, and the Pacific Fair Shopping Centre that the retail anchors sustain, creates the commercial property market that the growing population and the tourism market sustain for the retail, the office, and the hospitality spaces that the commercial development pipeline supplies. The Gold Coast Convention and Exhibition Centre and the surrounding tourism infrastructure, including the hotel development pipeline that the convention market and the leisure tourism require for the accommodation supply that sustains the Gold Coast tourism economy's growth, create the hospitality infrastructure investment that the tourism market drives and that the development industry responds to with the hotel and the resort construction that the convention demand and the leisure tourism growth justify.

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