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Focus on Gold Coast Q1 2019 Research

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Focus on Gold Coast Q1 2019 Research RESIDENTIAL RESEARCH LIVING & STUDYING BUYING PROPERTY WHY INVEST? Contents 1. Gold Coast— The transforming city page 2 2. Living on the Gold Coast page 3 proximity to Brisbane (approximately an 3. Studying on the Gold Coast Destination hour by car), many local residents make page 7 their way down to the Gold Coast for a Gold Coast weekend getaway. Many also visit from 4. Housing on the Gold Coast The Gold Coast is known as being interstate and Asia for a long weekend of page 10 ‘Famous for Fun’ with many local and activities. 5. Renting on the Gold Coast international events held throughout the page 11 year. It’s also known for being Australia’s Surfers Paradise is also located on the theme park capital. Many of Australia’s Gold Coast, with fine dining restaurants, 6. Buying on the Gold Coast largest theme parks are located on the cafés and bars with a pedestrian-friendly page 12 Gold Coast and within close proximity to shopping district. each other. The destination is popular 7. Buying as a First Home Buyer with families, catering to all age groups Many international, flagship and luxury page 13 and particularly in school holiday times. brands are located at Pacific Fair shopping centre, in Broadbeach, 8. Buying as a Foreign Investor page 14 The Gold Coast accommodates a vast including a dining and cinema precinct. array of renowned restaurants, art Marina Mirage in Main Beach also offers 9. Owning on the Gold Coast galleries, independent fashion houses luxury shopping, with high-end fashion page 19 and vibrant retail strips. Given the close and eateries. 10. Selling on the Gold Coast page 20 Feature: International Visitors to Queensland, by Country of Residence 10 reasons to invest on the Total number, year ending September 2018 Gold Coast page 22 China New Zealand U.K U.S Japan Other Countries Other Europe Germany Taiwan Korea India Hong Kong Singapore Canada Other Asia Malaysia France Scandinavia Italy Netherlands Switzerland Indonesia Thailand 0 100,000 200,000 300,000 400,000 500,000 600,000 2 FOCUS ON GOLD COAST Q1 2019 RESEARCH Carrara Markets, with fresh produce to homewares across 10 acres, are Distribution of Population Greater cities (excl. Gold Coast LGA), Jun-17 Australia’s biggest permanent markets. FAST FACTS While Australia’s largest outlet centre Harbour Town, includes clearance, brand, 6,000,000 GOLD COAST plus specialty stores. 5,000,000 Located in South East 4,000,000 Queensland, along the East International Coast of Australia. 3,000,000 Visitors Australia’s six largest city, with The number of international visitors to 2,000,000 approximately 592,500 Queensland grew 4.6%, to total residents estimated living in the 1,000,000 Gold Coast local government 2.8 million, in the year ending September area in 2017. 2018. The most number of international 0 visitors came from China (502,000), New Perth Geographic area of 1,330 sqm. Hobart Darwin Sydney Adelaide Brisbane Canberra Zealand (485,000), United Kingdom Melbourne (235,000), United States (227,000) and Summer months are relatively Gold Coast LGA Coast Gold Japan (206,000) as shown in Figure 1. hot and humid (mean maximum 25°C) with warmer winters (mean average 15°C). Compared to a year earlier, in Queensland, international visitors from Most daily sunshine is nine (9) the Netherlands grew by 27.2% in the hours in the month of year ending September 2018, while Korea December. and Singapore increased by 17.1% and Projected Population Gold Coast operates under the 13.9% respectively. According to Queensland Treasury Australian Eastern Standard projections, the Gold Coast LGA Time (AEST) time zone at all population is projected to grow annually times of the year. by 2.2%, to 866,650 persons by 2036. From the Gold Coast, average flying travel time is approximately eight (8) hours to Singapore and eight and a half (8.5) hours to Kuala Lumpur. From Brisbane airport, Projected Population, average flying travel time is Gold Coast LGA nine (9) hours to Jakarta and Estimated no. of total persons, year ending June Hong Kong, 11 hours to Shanghai and 13 hours to Gold Coast’s Beijing. 1,000,000 Demographic Located in the ‘Sunshine State’ 900,000 and home to one of the most Profile renowned natural wonders of 800,000 the world—the Great Barrier Population Reef. 700,000 Gold Coast LGA population has been significantly rising. Over the year to 30 600,000 June 2017, an increase in the estimated resident population was recorded at 500,000 2.7% to 592,350 persons. 400,000 According to the Australian Bureau of 300,000 Statistics (ABS), this is well above the overall Australian population growth of 200,000 1.6%. 100,000 When compared to the Australian capital 0 cities, the Gold Coast LGA population is 2012 2016 2021 2026 2031 2036 ranked the 6th largest, ahead of Canberra, Greater Hobart and Greater Darwin. 3 Age Distribution Technicians and trades workers (14.9%), clerical and administrative workers The Gold Coast LGA residents were (13.6%) and managers (12.4%) were the primarily young to middle aged at the next most common occupations. time of the last Census in 2016. Approximately 33.2% of the population Of all the employed people in the Gold was aged between 15 and 39 years old; Coast LGA, 4% worked in hospitals. compared to the national average of Other major industries of employment GOLD COAST 33.9% for this age group. The median included cafés and restaurants (3.1%), age of the population in the Gold Coast ANNUAL EVENT accommodation (2.6%) and supermarket LGA was 38 years, similar to the national and grocery stores (2.4%). CALENDAR average. Children aged 0-14 years comprised 18.1% while people aged 65+ JANUARY years made up 16.4% of the population. Travel to Work Magic Millions Polo, Sales & Racing Carnival In the Gold Coast LGA, at the time of the Australia Day celebrations Multiculturalism Census 2016, the most common FEBRUARY methods of travel to work for employed The Gold Coast LGA population Sand Safari Arts Festival people were by car, as a driver (68.9%). comprised 36.1% of people being born Gold Coast Chinese New Year Other responses were worked at home Festival outside of Australia, higher than the (5.9%), car, as a passenger (4.8%), Gold Coast MS Swimathon national average of 33.3%. The most walked only (2.6%) and by bus (1.1%). MARCH prominent countries of birth include New Australian Surf Life Saving Zealand (8.0%), England (5.2%), China On the day, 4.2% of employed people Championships (1.3%), South Africa (1.2%) and Japan used public transport (train, bus, ferry, APRIL (0.8%). In addition, approximately 33.4% tram/light rail) as at least one of their Cooly Classic Ocean Swim of Gold Coast’s residents’ parents were methods of travel to work and 75.2% Gold Coast Film Festival born overseas, lower than national (34%). Quicksilver Surf Pro used car (either as driver or as passenger). MAY Religion Surfers Paradise LIVE music festival The Catholic religion was practiced by Sanctuary Cove International 20.8% of Gold Coast residents at the Boat Show Key Employment Blues on Broadbeach Music time of the Census 2016, this was Festival followed by Anglican at 16.1%, then Hubs JUNE Uniting Church with 3.9%. No religion was the most common response on the Premier Invitational Soccer Commercial Tournament Gold Coast with 31.8% of the population. Australian Open Bowls The distribution of employment opportunities are wide across the Gold JULY Language Coast, although there are pockets of Gold Coast Airport Marathon Groundwater Country Music Other than English, Mandarin (1.7%) is concentrated areas for office workers. Festival the most common language spoken in a AUGUST Gold Coast household. Other typical Southport is the largest office market on Gold Coast Festival of Lights languages include Japanese (1.0%), the Gold Coast, followed by Robina- SEPTEMBER Korean (0.6%), Spanish (0.6%) and Varsity Lakes, Bundall, Surfers Swell Sculpture Festival Cantonese (0.5%). Paradise and Broadbeach. Most accessible by: train, light rail, bus OCTOBER and car. Supercars Gold Coast 600 Education Harrigans Rod & Custom Car Show In the Gold Coast LGA, 30.5% of the Coolangatta Gold Endurance population were attending an educational Industrial Race institution at the time of the 2016 Census. Industrial areas are more spread across NOVEMBER Of these, 21.1% were in a university, the local government area varying from Australian PGA Championship tertiary, technical or further education warehouses and industrial unit estates. Gold Coast Seniors Health and institution. Most accessible by: bus, car and/or train. Lifestyle Expo DECEMBER Suburbs along the Pacific Motorway Mayor’s Christmas Carols & Work include: Yatala, Stapylton, Ormeau, Markets The most common occupation of Gold Pimpama, Coomera and Nerang. Gold Coast New Year’s Eve Party Coast residents are in Professional Suburbs on the Gold Coast Highway Services—at 18.3% compared to the include: Arundel, Molendinar, Ashmore, national 22.2% average. Southport, Burleigh Heads, Currumbin. 4 FOCUS ON GOLD COAST Q1 2019 RESEARCH Gold Coast Major infrastructure network 5 6 FOCUS ON GOLD COAST Q1 2019 RESEARCH single student visa regardless of their Schools Universities chosen course of study and the Student Schools in Australia generally comprise a Most universities have a main campus Guardian Visa—Subclass 590 where mix of local and international students. with several smaller campuses located student guardians can apply for the new The education system is broadly divided across multiple states and territories; in Student Guardian Visa.
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