‘Once in a generation boom’ SEQ investment hits $60 billion
Broadbeach Island Part of $60 Billion Queensland Development Projects as Population Growth Continues to Rise
Population growth continues to accelerate throughout Queensland, outpacing every other Australian state and territory combined over the previous year. As a result, over $60 billion in major development projects are flooding into the southeast in attempts to simply meet demand, an event the Courier Mail has recently described as a ‘once in a generation infrastructure and project boom’.
With ongoing lockdowns in NSW and Victoria due to the COVID-19 pandemic, many residents decided to pack up their lives and move to the sunny shores of Queensland to enjoy the greater freedoms and lower positive case numbers. Between March 2020 and March 2021, a staggering 44,000 people added to Queensland’s population, with 68% (30,000 people) arriving from interstate.
New Projects to Adorn the Southeast Queensland Area
Some of the most notable projects to keep evolving the cities in the state’s southeast are Queen’s Wharf and the Cross River Rail in Brisbane and of course the Star Broadbeach Island Master Plan developing right on the Gold Coast. This project will create over 3,000 jobs for the state, and allows residents to enjoy living in a complete, multi-billion-dollar recreational hub, filled with restaurants, cafes, and bars, as well as a selection of entertainment options, such as access to the Gold Coast Convention and Exhibition Centre.
Queensland Poised for a Brighter, Richer Future
In the same article by the Courier Mail, Deputy Premier and Minister for State Development Steven Miles is quoted saying that, ‘Queensland is in the box seat to seize the opportunities ahead of us over the next two decades…We already have a huge head start, with a $52.2 billion infrastructure pipeline over the next four years that will turbocharge more jobs and boosts Queensland’s economic recovery.’
Mark McRindle, a social researcher, was also quoted, saying, ‘We know population growth leads to economic growth…with the population comes the infrastructure investment, construction boom, the asset price increase, so it has an economic increase and Queensland will get some of that.’
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