Gold Coast continues to shine
The economy is definitely on the up along the Gold Coast of Australia with development projects forging ahead at full steam.
Stewart Gilchrist from Colliers International Gold Coast Development Map believes the strength of the area's economic foundation is indicated by the amount of developments already in operation and those in the planning stages - these are believed to be worth more than $68.5 billion, that's $2 billion more than in 2007 before the worldwide credit crunch really hit.
Australian real estate is in short supply across the country. The Gold Coast is reported to be the fastest growing region down under with an ever increasing population on the lookout for property to buy.
New builds have fallen short on demand this last year, around 6,000 homes are needed each year to keep pace with the populace.