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GOLD COAST PROPERTY INVESTMENT

Posted by Kevin Lam on 14/06/2019
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The Gold Coast is one of the fastest-growing cities in Australia, and its property market offers some great opportunities for the educated property investor. As Australia’s sixth largest city, the Gold Coast property market has now reached a level of critical mass in its population and economy to deliver greater long-term stability for the investor. Values are increasing and rental yields remain high, while strong future population growth, improving infrastructure and shortages of quality property should drive long-term price growth.

But perhaps more than any other city, you need to have a good understanding of the Gold Coast and its property market before you buy an investment property here. Don’t be seduced by the idea that because it would be a nice holiday home or retirement property, it will make a great investment. It probably won’t. If you want to make money out of your Gold Coast investment property, you need to do your research.  

The City of Gold Coast has established an investment attraction program to support and encourage new business investment to the city.

The program incorporates a suite of services to facilitate investment or business relocation including:

  • financial assistance
  • itinerary development
  • streamlined development applications
  • business case development
  • site selection
  • introductions
  • government facilitation
  • workforce development
  • ongoing support.

Eligibility criteria

Our program targets companies wanting to relocate or expand to the Gold Coast from export focused and knowledge-based industry sectors.

For companies interested in accessing financial assistance under our program the following eligibility criteria will apply:

  • the applicant must have a successful and proven track record and the capability (technical, managerial and financial) to carry out the activity proposed
  • the applicant must have been operating profitably for at least the past two years
  • the applicant company must provide significant net economic benefits to the city that will result in the creation of sustainable jobs for the city’s workforce
  • the applicant must have, or can obtain, an Australian Business Number (ABN)
  • the applicant must not be a Gold Coast registered business unless it can be demonstrated that the business is implementing a new business stream or activity resulting in significant ongoing economic impact (all eligibility and assessment criteria must still be met)
  • the proposed activity must be commercially viable in the absence of any financial assistance that may be provided by City of Gold Coast
  • the proposed activity must not cause significant detriment to, and/or be a substitute for, existing businesses located within the Gold Coast City
  • the proposed activity must not have been committed to or commenced within the Gold Coast City prior to applying for our program
  • the proposed activity must be contestable with other cities, states or countries the proposed activity must not compromise national and international obligations for Queensland and Australia.

Final approval is at the discretion of the City of Gold Coast. All offers of financial assistance are subject to contractual obligations.

The calculation of financial assistance is based upon the first two years of the new operation and takes into consideration capital investment, full-time job creation, and research and development.

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