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Published On: Wed, Aug 17th, 2011

Higher Interest from Gold Coast Developers

Developer interest hits ’18 month’ high

Gold Coast DevelopersThe Gold Coast City Council’s planning committee chairman says developers are starting to return to the city.

Councillor Ted Shepherd says there is particular interest in housing subdivisions and high-rise residential towers.

He says interest from developers is the highest it has been in at least 18 months.

“I’m out talking to a lot of developers who wish to come forward with new concept plans, new ideas, new developments and there is a particularly high amount of interest in the Gold Coast at the moment,” he said.

Cr Shepherd says they see the city as having good investment potential.

“It’s easily been 18 months since I saw this sort of interest in the Gold Coast,” he said.

“In particular it’s from new developers who want to come to the Gold Coast, they see it as being a vibrant place and they’re willing to put their money into the Gold Coast.”

Courtesy of the ABC

About the Author

- Glenn Batten is the Principal Licensee of First National Real Estate Upper Coomera which provides residential property sales and property management services throughout the Northern Growth Corridor suburbs of Upper Coomera, Coomera, Pimpama, Willow Vale, Ormeau and Oxenford.

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