New investment potential in Southport, Queensland is soaring with the value of development applications currently under consideration estimated to have reached more than $2.5 billion.
Recently declared a Priority Development Area (PDA), Southport has attracted increased interest by developers, according to Gold Coast City Council Mayor Tom Tate who said about 6,700 apartments had either been approved or were currently being assessed.
He predicted its population, which at the time stood at 30,145, would be doubled within the next 20 years.
Mayor Tate said strengthening job figures of 25,000, which already topped the City’s tallies, were expected to rise by a further 35,000 by 2036.
Tate added that Southport also excelled as a growing business hub with in excess of 150,000 square metres of commercial floor space occupying more than 80 buildings. Such figures would also encourage the need for other services such as Stationery and business card printing.
The Mayor voiced his belief Southport was fast becoming the hub for business, legal firms, health and education, along with unique assets available to the entire community such as the Broadwater Parklands.
He said a positive future for the Central Business District (CBD) was also reflected in the interest of developers and the work that was already underway throughout the city compared to three years ago when development was much slower.
A total of 3,944 development applications were approved in 2014/15 compared with 2,448 in 2011/12 and 3,178 last year.Get a Free Quote for Stationery
