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Gold Coast construction to benefit from Qld govt coronavirus plan

Gold Coast construction to benefit from Qld govt coronavirus plan

The state government has unveiled it’s coronavirus recovery plan in parliament this morning, which focuses heavily on building the infrastructure we need for the future, and fast tracking construction projects.

It’s no doubt welcome news for construction companies on the Gold Coast, amidst new data from Urbis which shows our building sector has already recorded a $350 million drop in new project investments.

The Palaszczuk Government has this morning announced a ‘comprehensive and far-reaching suite of economic initiatives’ in partnership with the private sector.

The first stage, The Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs, hopes to aid our coronavirus recovery by backing Queensland jobs.

The strategy includes:

  • A rock solid determination to maintain infrastructure investment at more than $50 billion over the next four years, despite the financial challenge of supporting Queensland through the pandemic;
  • A $400 million Accelerated Works Program to deliver new road, bridge and pavement sealing works across the state;
  • A further $200 million in 2020-21 for a Works for Queensland program to support jobs and fund productive building projects; and
  • An $11.25 million expansion of the Household Resilience Program in cyclone affected areas.

Premier Annastacia Palaszczuk says it’s carefully implemented approach, which will hopefully ensure we continue to protect our health while backing Queensland jobs.

“The package of measures I am announcing today focuses on building the infrastructure we need for the future and accelerating construction projects to protect jobs now.

“We will also help local governments to deliver projects in their communities. These infrastructure commitments are statewide and will help regional Queensland,” the Premier said.

The state government will also contribute $10 million as a support package to for international students, and to help safeguard Queensland’s global education brand.

It’s also committed to additional support for small business, by making another $100 million available in support, including Small Business Adaption Grants of up to $10,000. That’s on top of the $1 billion of job supporting business loans already announced.

$20 million will be committed for free online training which includes training in safety and hygiene standards to keep COVID-19 contained.

A further $14.8 million will be committed to support project development of the CopperString 2.0 project that will connect the North West Minerals Province with the national electricity market; and $20 million will be put towards construction of a Queensland Apprenticeships Centre in renewable hydrogen at Beenleigh.

The Premier said the package of measures built on $6 billion in support already committed to manage the health response, support Queensland businesses and families and protect local jobs.

“In recent weeks we have been listening to business and industry and the clear message is that Government investment needs to be directed at investment that will grow and diversify our economy into the future.

“The announcements I am making today are a direct result of engagement with industry representatives including from small business, manufacturing, tourism, mining, agriculture, hospitality, construction, housing and property.

“On the road ahead, a close partnership between the public and private sectors is absolutely vital to success.

“So I will establish a Queensland Industry Recovery Panel to ensure ongoing direct engagement with industry peak bodies.

“This is an economic framework that will create jobs by focusing on what we are good at – and by making more products here in Queensland.

“Our number one priority is backing Queensland jobs and doing it in a way that ensures we protect the good work to date that has helped us keep people healthy during the COVID19

“Queenslanders have united, we have worked together to flatten the curve and save lives, and we can take pride in the effort to stare down this invisible foe.

“We will emerge stronger, because that is what we do,” the Premier said.

The state government has also committed $50 million to the tourism industry, which is tipped to significantly help the Gold Coast.

 

 

This article is republished from www.mygc.com.au under a Creative Commons license. Read the original article.

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Developments

Burleigh Heads Twin 22-Storey Towers Approved

Burleigh Heads Twin 22-Storey Towers Approved (1)

Two 22-storey towers have been approved in Burleigh Heads at the southern end of the Gold Coast, backed by developer Nielson Properties.

The beachfront towers, located at 48-58 The Esplanade and First Ave, had been supported by a majority of councillors in a council planning committee held last Thursday, in a nod that will see the first five-star hotel in the area.

The final determination on the Burleigh Heads project was made on Tuesday when full council came to vote.

The $350 million development project, in conjunction with Pointcorp’s Chris Vitale, comprises a 132-room luxury hotel and 77 residential apartments on the amalgamated 4039sq m Burleigh Heads site.

Burleigh Heads Twin 22-Storey Towers Approved (3)

The Burleigh Heads site has been occupied by the 49-unit White Horse Holiday apartments, which Nielson Properties secured under a put-and-call deal for $22 million in 2018.

Plans for the existing unit block would see the complex demolished, making way for the two towers, standing 79.5 metres high, and 394 car parks over three-levels of basement car-parking.

Gold Coast locals who were against the project raised concern about the development’s height and density arguing that the towers would cause shadowing of recreational areas and the beach, while the Community Alliance said the development was inconsistent with council’s own Burleigh Heads Place Analysis study.

Burleigh Heads Twin 22-Storey Towers Approved (2)

Nearby, Sydney-based Weiya Holdings has plans for a 14-storey building at the Old Burleigh Theatre Arcade at 64 Goodwin Terrace.

Weiya Holdings purchased the site for $18.5 million in August of 2019, with plans to keep the façade of the existing two-storey Burleigh theatre building.

Down the road, Brisbane-based developer Spyre Group was approved for its 18-storey apartment tower located at 112 The Esplanade in Burleigh.

Spyre Group, led by Andrew Malouf, secured the $16 million site from the eight owners of the existing 12-year old apartment building originally developed by Mimi Macpherson, sister of supermodel Elle, in 2003.

Nielson Properties is also behind a 50,000sq m office project at 205 North Quay in Brisbane CBD with Cbus Property.

 

 

 

This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.

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Gold Coast

Broadbeach Waters waterfront trophy home sold for $5.7 million

Broadbeach Waters waterfront trophy home sold for $5.7 million (1)

An architect designed home nestled on a 1,608sqm block in Gold Coast’s Broadbeach Waters has been sold for $5.7 million.

The 853 sqm house at 327 Monago Street comprises 7 bedrooms, 7.5 bathrooms, designer kitchen and multiple indoor and outdoor living and entertaining areas.

The light-filled living and dining zone comes with wood-burning fireplace, custom-built cabinetry and electronic blinds.

Broadbeach Waters waterfront trophy home sold for $5.7 million (3)

There is an executive office with library, plus separate office or boardroom with separate entrance.

The home also features rumpus room, water frontage, outdoor dining pavilion, pool, and water features.

Broadbeach Waters waterfront trophy home sold for $5.7 million (2)

It is situated close to Albert Part, Star Casino and golden beaches.

Michael Kollosche and Ryan Ward from Kollosche Broadbeach sold the property.

It was last sold in 2015 for $3.15 million.

 

 

 

This article is republished from www.propertyobserver.com.au under a Creative Commons license. Read the original article.

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Developments

Flow $70 million beachfront Coolangatta project launched

Flow $70 million beachfront Coolangatta project launched

With broad features from surfboard lockers to exclusive wine lockers, the $70 million Flow Residences has been launched on the southern Gold Coast.

Flow is the project of avid surfer and local property developer Paul Gedoun and his S & S Projects on the Snapper Rocks destination.

Jayde Pezet is sales and marketing director of KM Sales and Marketing.

“Nothing has been left to chance. It is a project of unpretentious but elegant luxury that connects beautifully with the iconic Snapper Rocks with sweeping views of the Gold Coast.

Positioned on an elevated north-facing site, 1 Petrie Street, and overlooking Coolangatta’s Rainbow Bay, the project will deliver 22 premium residences exclusively for owner occupiers.

Architect Cottee Parker has designed Flow Residences.

“Flow Residences will appeal to downsizers looking for lifestyle at its best,” said Mr Pezet.

“It really is a stunning collection of beachfront apartments that blend the simplicity once found in a traditional coastal shack with luxurious apartments, superior finishes and a unique approach to resident amenities.

The exterior design features uncluttered lines and curved corners to take advantage of the prime corner location of Petrie Street and Marine Parade. The site directly overlooks Greenmount Beach and Rainbow Bay and each apartment offers spectacular ocean views of the pointbreak and the Gold Coast.

There will be 12 levels plus three levels of basement parking will provide at least two car parks for each apartment.

Apartments are available in two, three and four-bedroom formats and are priced from $1.175 million.

 

 

 

 

This article is republished from www.propertyobserver.com.au under a Creative Commons license. Read the original article.

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