gold coast investment

Will Chinese Investment Secure Gold Coast Housing Prices?

In Property by eqcLeave a Comment

The biggest development in themepark infrastructure announced late last year was the proposed $800 million theme park between Nerang River and Nerang train station. News about the cultural theme park – complete with music, dance and theatre – has been making the rounds not just for its expected boost for local tourism but also because it is being led by Chinese theme park developer Songcheng Performance Development. Chinese interest in Australian travel & tourism, particularly in Gold Coast may be a sign of things to come. Already, Gold Coast is considered the ‘theme park capital of Australia’ and home to Dreamworld, the country’s largest theme park. The 2018 Commonwealth Games are further expected to boost the local tourism industry in 2017-2018. Meanwhile, the region’s theme park precinct is being remodelled to allow tourists to stay closer to where the fun and action is. Inspired by Disneyland’s Anaheim District, the precinct will save attendees a 40-minute drive from Brisbane. As per plans, the development will be a stone’s throw away from the park, and include a luxury resort, 15-storey residential buildings, shops and restaurants. The announcement comes on the back of a different one – and now refuted by Dreamworld boss Craig – on the potential sale of the theme park. With all this foreign investment, will it stabilize and protect the GC from the prophesized housing dip scheduled for Sydney, Melbourne and Brisbane according to online experts? Well if it does, and first-time homebuyers are still struggling to get into the market, here is to discounted theme-park annual passes to keep them entertained!

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