News on the Gold Coast and Surfers Paradise
Quick News
GOLD COAST COMMONWEALTH GAMES 2018:
Gold Coast business operators say the
Commonwealth Games has come just in time to save many tourist operators on the
verge of going broke.
Queensland's Gold Coast yesterday beat the Sri Lankan
city of Hambantota to win the hosting rights for the 2018 Games.
There were scenes of jubilation on the streets after the
tourist city secured the games, with revellers dancing and cheering throughout
the night.
The event is expected to generate around $2 billion and
30,000 jobs for Queensland.
abc.net.au
Yields rise as
prices fall
REDUCED demand for residential property on the Gold Coast
means there are currently some particularly good deals being made, especially
for investors.
Prices for many units are the lowest
they have been for many years, and in some cases investors are picking up
properties that are likely to be cash-flow positive from the outset.
Affordability is continuing to drive
the best residential rental yields in our region, with the best-performing
postcodes all having affordable property prices tags in common.
For units, the top postcode was 4210 -
which includes Oxenford and Maudsland - which posted an impressive gross yield
of 6.6 per cent. It's median unit and townhouse price was $245,000 and median
weekly rent was $313.
The second-top postcode for units was
4211 - which includes Carrara, Nerang and Pacific Pines. It posted a yield of
5.8 per cent courtesy of a median unit price of $300,000 and median weekly rent
of $332.
In Surfers Paradise, in particular,
unit prices have reduced over recent months, which is likely to continue to
improve the yield currently being achieved.
The gross rental unit yield for Surfers
Paradise for the June quarter was 4.6 per cent. It's median unit price was
$408,500 and median weekly rent was $358. This yield is likely to improve again
once data is available for the September quarter.
GC Bulletin, John Newlands REIQ Gold Coast
Chairman
Gold Coast Unit
Market
The
Gold Coast was one of the few major regions across Queensland to record median
house price growth over the September quarter. It's median price increased 2.2
per cent to $469,950. It's number of preliminary house sales was also up 11 per
cent over the period.
While
these were positive results, the Gold Coast continued to experience very tough
market conditions over the quarter with buyer interest low and plenty of
sellers not prepared to accept the reality of the price achievable for their
property. Those sellers that were prepared to meet the market on price,
however, were making a sale.
Across
the Gold coast, there are currently properties available which are priced near
or below replacement cost and serious investors are recognising the prime time
for buying well is now. The prestige and waterfront areas of the coast,
particularly, continue to offer significantly discounted properties.
The
announcement that the 2018 Commonwealth Games will be held on the Gold Coast is
just the shot-in-the-arm the region's economy and it's property market needed.
The thousands of new jobs that will be created to prepare the city, especially
within the construction sector, for the event will also instil some much-needed
confidence amongst locals.
This
new activity will have a positive flow-on effect on the Coast's property
market. The games will also put the Gold coast on the world stage and provide
the sort of media coverage that will benefit the region for years before and
after the event.
Prices
for many units are the lowest they have been for years and in some cases
investors are picking up properties that are likely to be cash-flow positive
from the outset.
Cavill Mall Redevelopment
Gold Coast City Council's $6.9 million Cavill Mall redevelopment
begins March 1 for a projected late October 2012 completion, with dates
selected to avoid peak tourist season.
Featuring improved lighting, outdoor awnings and a stencilled
asphalt surface, the new-look Cavill Mall will complement the redeveloped
foreshore and breathe fresh life into the precinct.
Let's pull together
to meet the challenges of the construction period...the results will certainly
be worth it.
CAVILL MALL REDEVELOPMENT UPDATE
Please be advised that the safety barrier fencing
for the Cavill Mall Redevelopment will be delivered to site tomorrow
morning and erection of the stage one compound will commence.
Stage one is generally the middle strip through the
mall heading east/west. A three metre wide access way will be provided in
the middle of the mall running north/south between Soul and Centro.
Access for pedestrians will also be available down both sides of the site for
this stage of the project.
The work currently being undertaken on the eastern
end of the mall near Jacks Kebabs is to provide a new power supply to the mall,
which will allow the removal of the blue tiled throne wall that currently
houses the switchboard.
If you require further information regarding the
upgrade.
For further information, please contact:
Jim Bowden
Urban
Precincts Coordinator | Engineering Services | Gold Coast City Council
Ph: 5581 1709
PO Box 5042 Gold Coast Mail Centre Qld 9729
|
| Surfers Paradise Festival
2012
Throughout Surfers Paradise
Wed 20 Jun Sat 14 Jul
The Surfers Paradise Festival is a free event featuring
local & international talent within the streets and venues of Surfers
Paradise, across an accessible mix of family events, exhibitions, live music,
street markets & short film screenings.
Major events planned for the 2012 calendar include Launch
It Beach Concert, A La Carte in the Park, Australian Street Entertainment
Championships & Oneway Project.
Chefs of Surfers Paradise
1st Saturday of every month
Surfers Paradise Foreshore
Chefs of Surfers Paradise is a free, live cooking
demonstration, held on the first Saturday of every month & features Chefs
from the finest Surfers Paradise Restaurants. Chefs may be moved from the
foreshore to the Cavill Mall Stage in the instance of inclement weather.
Beachfront Markets
Every Wednesday & Friday at 4.30 10pm
Surfers Paradise Foreshore (north & south of Cavill
Mall)
Explore
around 100 market stalls on the doorstep of Surfers Paradise beach. Each stall
features a variety of local, hand-made or grown products, including fashion,
jewellery, accessories, crafts, artworks, photographs, beauty products &
home wares. The Surfers Paradise Beachfront Markets will be cancelled in the
event of inclement weather |
|
.
|
Planning is in full swing for this year's
Surfers Paradise Festival, sponsored again this year by Centro
Surfers Paradise, and will certainly be the biggest and best
yet. We encourage you to make contact with Surfers
Paradise Alliance on opportunities for your business to become
involved in this year's event.
Early May Surfers Paradise Alliance will be launching the
organisation's Business Plan, Events Calendar for 2012/2013, Nightlife
Economy Economic Data and new marketing platforms including the Surfers
Paradise website and Nightlife Marketing Campaign. Invitations will
be emailed out in the next week and we hope to see you there.
Mike Winlaw
Surfers Paradise Alliance CEO
|
|
Get Involved in the 2012 Surfers Paradise Festival
We are currently planning the 2012 Surfers Paradise
Festival presented by Centro Surfers Paradise which will run from Wednesday 20 June to Sunday 15
July. This year's program will be built off five
major events:
·
Opening Ceremony Lantern Parade
·
Hard Rock Rocks the Beach presents Launch It
·
Australian Street Entertainment Championships presented by
The High Street Surfers Paradise
·
One Way Street Party
·
A La Carte in the Park
We are excited to announce a host of new events including
progressive theatre, photographic exhibitions and active and healthy
lifestyle programs.
Expressions of Interest are currently open for the Opening
Ceremony lantern parade, A La Carte in the Park including The Chefs of
Surfers Paradise and the Australian Street Entertainment Championships
(see below).
The opportunity also exists for Surfers Paradise
businesses to become part of the Festival by holding suitable original
events within their premises. In-Venue events are not restricted to
any particular industry and could include live music, dance performances,
exhibitions, fashion parades, cooking classes and culinary events.
Surfers Paradise will provide marketing support under the
Surfers Paradise Festival brand through the website
(surfersparadisefestival.com) and digital marketing platforms and the
official Festival program.
If you are interested in being part of the 2012 Surfers
Paradise Festival, please contact Surfers Paradise Alliance:
Email: kylie@surfersparadise.com
Phone: (07)
5584 3700
|
|
|
Light Rail Construction Update
|
|
|
SURFERS PARADISE BOULEVARD TRADER
SUPPORT
Regular meetings between reps from GoldLinQ and Gold Coast
City Council will be held to ensure traders on Surfers Paradise Boulevard
are given the best possible support during light rail construction.
Issues such as signage problems and the location of outdoor
tables and chairs around construction works will be escalated to this
group for immediate action.
Traders requiring assistance can discuss any
concerns or issues with Phil
Hortz on (07) 5588 3800.
NEW LOOK FOR CYPRESS AVENUE CARPARK
Hoarding around the Cypress Avenue Carpark site has been
adorned with imagery of the complete Light Rail system running through
Surfers Paradise.
As well as improving the visual appeal of the
northern entry to the precinct, the illustrations will also go some
distance towards inspiring the precinct with a vision of the end
result of consutruction incovnenience.
LJ HOOKER GIVES WAYFINDERS A BREAK
Response from the volunteers to Surfers Paradise's
Wayfinders program has been strong, with the pink-shirted guides
already out and about around the precinct.
Tony Tooma of LJ Hooker Surfers Paradise providing an
empty tenancy in Surfers Paradise to be used as a break room for
volunteers.
|
|
Surfers Paradise Alliance Vision Launch
In May, Surfers Paradise Alliance will launch its Vision
for Surfers Paradise, including:
·
Surfers Paradise Alliance Vision
·
Organisation's Business Plan
·
2012/13 Events Calendar
·
Nightlife Economy Economic Data
·
New Marketing Platforms including the Surfers Paradise
website and the Nightlife Marketing Strategy
We encourage you to join us for this event where we
will present the result of months of internal strategy and
rationalisation with the Surfers Paradise Alliance Vision, Business Plan,
2012/2013 Events Calendar and new marketing platforms available to
traders.
If you wish to attend please email:
kylie@surfersparadise.com
|
|
Cavill Mall - Construction Update
A temporary road was to be constructed early last week to
allow for the construction of the new sewer line. The sewer works
have now commenced. During excavation a number of unknown services
and other issues were discovered that had the potential to delay the
project.
·
The contractor was able to leave the problem areas and
move further along the site and this has allowed sewer works to continue.
·
Redesign of the sewer at the problem sites was undertaken
and additional materials are on order and readily available.
·
The main issue with the move along the site was the
cutting of the north/south access way across the mall while the pipework
was laid in that vicinity. The pipework has now been completed in
this area and the contractor is presently working on opening this access
up again for the weekend. It was necessary for the temporary
(unscheduled) closer so as to mitigate any delay.
·
The image (left) shows the boxing and pipework
progressively being laid through this area. The trench is actually
four (4) metres deep at this point. The boxing is gradually lowered
into the ground by excavation from inside the box. The box provides
a safe environment for the tradesmen to work and lay the pipework without
the fear of the sand collapsing. These boxes are dragged through
the ground as pipework is laid and progressively backfilled.
On Monday ENERGEX will commence a road crossing on the
corner of Cavill Ave and Orchid Ave. The road crossing work will
take place at night and backfilled each morning to limit the impact on
day time traffic. The ENERGEX work will then involved the laying of
numerous conduits under the mall to future proof for future developments
in this area of Surfers.
The new light pole samples have been viewed. The poles are called
'Multipole' and as the name suggests, allow for multiple functions and
attachments on the pole. The other bonus is they are a clear
anodised marine grade aluminium structure allowing for easier cleaning
and maintenance. They will stand nine (9) metres tall and be a
great asset for the mall.
|
|
Surfers Paradise Alliance welcomes Peta Downie
Surfers Paradise Alliance has appointed Peta Downie as the
Sponsorship and Trader Liaison Manager.
Peta has worked in the hospitality and tourism industry on
the Gold Coast and brings 20 years of tourism experience to the role.
Her past roles include Marketing Manger for Brisbane's
Riverlife Adventure Centre, Sales Executive for Entertainment Services at
Jupiters Hotel and Casino, Sales and Marketing Mangaer for Thrifty
Car Rental and Sales and Marketing Executive for the National Tour
Company.
| | | | |
