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Gold Coast economy, jobs boosted after 2017 construction increase; $30B in extra development still planned

elk realty & capital news highlight:

The Gold Coast construction and development that took place in 2017 leading up to The Commonwealth Games added more than 24,000 direct jobs and overall $1.64B in direct wages and salaries.

The development surge is expected to continue with another $30B of projects following The Games.

This is a good sign for property owners and investors. Growth in population, infrastructure and and employment are what they look for when searching for attractive suburbs and areas.

New infrastructure attracts more people with new and extra jobs, which drives local population, and lifts property prices.

 

Read More from Gold Coast Bulletin:

A NEW report has revealed the development industry injected $1.6 billion into the pockets of Gold Coasters last year. And that number is set to grow even more this year.

Posted by Gold Coast Bulletin on Tuesday, April 24, 2018

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