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Gold Coast marina project to attract property investment

On Oct 03 2012
Tagged as:
  • QLD


A $390 million marine precinct earmarked for the Gold Coast is likely to attract property ...

A $390 million marine precinct earmarked for the Gold Coast is likely to attract property investment in the region if the major project pushes ahead.

State deputy premier Jeff Seeney said the multimillion-dollar Gold Coast International Marine Precinct is being opened up to the public for comment on its environmental impact statement - a key part of the approval process.

"If approved, residents and visitors to the Gold Coast will ultimately benefit from this investment and can expect to see major improvements to the Shipper Drive site in Coomera," Mr Seeney explained.

"Public feedback will bring us a step closer to determining whether or not the project stacks up."

Property investors are likely to be interested in the development, which will include a 9.3 hectare mixed-use precinct, comprising commercial office property, a yacht club, restaurants and retail outlets.

With the Gold Coast becoming one of Queensland's fastest growing regions, investors and homebuyers may be interested in the region's real estate market, which is likely to increase in value as the population rises.

The project will also include 28.9 hectares of marine industrial zone, a dry boat storage facility for 290 vessels, as well as an internal and external marina with more than 300 berths.



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