When seeking the help of a professional or service provider, it is crucial to verify their credentials and licenses before engaging with them. This simple step can save you from potential risks and ensure that you are working with a qualified individual.
By verifying credentials, you can confirm that the professional has the necessary education, training, and experience to provide the services they claim to offer. This can give you peace of mind knowing that you are entrusting your needs to someone who is knowledgeable and competent in their field.
Checking for licenses is also important as it ensures that the professional is operating legally and meets specific industry standards. Licensed professionals are held accountable for their actions and are required to follow certain regulations to protect consumers.
Engaging with unverified professionals can lead to subpar results, financial loss, or even legal issues. It is always better to be safe than sorry when it comes to choosing who you trust with your needs.
In conclusion, taking the time to verify credentials and licenses before engaging with a professional or service provider is essential for your own protection. It allows you to make informed decisions and ensures that you are working with reputable individuals who have the skills and qualifications needed to meet your needs.
When it comes to verifying credentials and licenses, it's important to ensure that you are dealing with reputable professionals who have the necessary qualifications to perform their job. One way to do this is by checking through official channels or websites.
Firstly, make sure to gather all relevant information such as the professional's full name, license number, and the state or organization that issued the license. This information can usually be found on any documents provided by the individual or on their website.
Next, visit the official website of the issuing authority or regulatory body. Look for a section dedicated to verifying licenses or credentials. Here you may be able to input the information you have collected and receive confirmation that the individual is indeed licensed and in good standing.
If you are unable to find this information online, don't hesitate to reach out directly to the issuing authority via phone or email. They should be able to provide you with the necessary verification.
It's important to take these steps seriously as hiring unlicensed or unqualified professionals can lead to subpar workmanship or even legal issues down the line. By verifying credentials through official channels, you can have peace of mind knowing that you are working with legitimate and competent individuals in your chosen field.
When considering purchasing property on the Gold Coast, having a professional buyers agent for the Gold Coast is essential for success. A buyers agent offers invaluable services to guide you through the complexities of real estate, from the initial consultation all the way through to the final closing. As the local property market growing consistently, understanding property prices, community trends, and investment potential can be overwhelming without expert assistance. A skilled buyers agent for Gold Coast helps ensure that you make an informed, strategic decision that aligns with your goals, whether you're buying a first home, investment property, or luxury real estate.
The Coast real estate market is dynamic and fast-paced, with a wide range of properties available, from beachfront homes to luxury apartments and suburban family homes. For first-time buyers or seasoned investors, understanding this market can be daunting. A professional buyers agent for the Gold Coast can help you unlock the full potential of your property purchase.
The process of purchasing property involves much more than just finding the right home. A buyers agent for the Gold Coast serves as your trusted advisor throughout the entire transaction. They assist with everything from initial consultations to post-purchase support.
At Savvy Fox, we pride ourselves on being a top-tier buyers agent for Gold Coast with a track record of successful property purchases for our clients. Here’s why working with us can make a difference in your property journey:
The Gold Coast market is known for its strong growth and potential for capital appreciation, making it a prime location for investment. In recent years, the Gold Coast has become a hotspot for both local and interstate buyers, with properties in certain areas seeing significant price increases.
Investing in property on the Coast offers exciting opportunities, but it requires careful consideration. Whether you're looking for residential or commercial properties, there are several factors to keep in mind. A Gold Coast buyers agent can help you assess the investment potential of a property by considering factors such as location, amenities, rental yield, and future market trends.
If you're ready to take the next step in your property journey on the Coast, Savvy Fox is here to assist you every step of the way. With our professional expertise, extensive market knowledge, and commitment to achieving your property goals, you can trust us to help you navigate the competitive buyers agent for Gold Coast market with confidence.
Contact us today to learn how we can assist you in finding the perfect property on the Gold Coast.
The Gold Coast is a popular place to live in Australia. It offers beautiful beaches, a warm climate, and a relaxed lifestyle. Many people move here for work, study, or retirement. The cost of living varies depending on location, lifestyle, and personal choices. This article provides an overview of key expenses in the Gold Coast.
Housing is one of the biggest expenses in the Gold Coast. Prices depend on the suburb and type of property. Beachfront areas like Surfers Paradise and Broadbeach have higher prices, while inland suburbs like Nerang and Helensvale offer more affordable options.
The average rent for a one-bedroom apartment in the city center is around AUD 2,500 per month. In outer suburbs, the price drops to about AUD 1,800 per month. A three-bedroom house in a central area costs between AUD 750,000 and AUD 1,200,000, while in suburban areas, prices range from AUD 600,000 to AUD 900,000.
Electricity, water, and gas bills depend on usage and household size. The average monthly cost for utilities in an apartment is around AUD 200 to AUD 250. A larger home with air conditioning may cost more.
Internet prices vary depending on the provider and plan. A high-speed unlimited plan costs between AUD 70 and AUD 100 per month.
Grocery costs in the Gold Coast are similar to other major Australian cities. Supermarkets like Coles, Woolworths, and Aldi offer a variety of food options.
Buying groceries at local markets can be cheaper than supermarkets. Many residents visit farmers' markets for fresh produce and better prices.
Dining out in the Gold Coast varies in price depending on the type of restaurant. A meal at an inexpensive restaurant costs around AUD 20 to AUD 30 per person. A three-course meal at a mid-range restaurant costs about AUD 80 to AUD 120 for two people.
Coffee lovers can expect to pay around AUD 5 for a cappuccino or latte. A fast-food meal costs about AUD 12 to AUD 15.
The Gold Coast has a public transport system that includes buses, trains, and the G:Link light rail. The cost of transport depends on travel frequency and distance.
Many residents use cars for transport. Fuel prices range from AUD 1.80 to AUD 2.20 per liter. Car insurance and registration add to the cost, with annual fees between AUD 800 and AUD 1,500.
Healthcare in the Gold Coast is of high quality. Public hospitals provide free or low-cost treatment for Australian citizens and permanent residents under Medicare. Private healthcare is available for those who want additional benefits.
Private health insurance costs between AUD 150 and AUD 300 per month, depending on coverage. A standard doctor’s visit without Medicare costs around AUD 80 to AUD 120.
The Gold Coast has public and private schools. Public schools are free for Australian residents, with small fees for supplies and activities. Private school fees range from AUD 5,000 to AUD 25,000 per year.
For university students, Griffith University and Bond University are major institutions. Tuition fees for domestic students start at AUD 10,000 per year. International students pay higher fees, ranging from AUD 20,000 to AUD 50,000 per year.
The Gold Coast offers many activities, from theme parks to outdoor adventures. The cost of entertainment varies based on interests.
Outdoor activities like hiking, surfing, and beach visits are free. Many locals take advantage of the warm climate and natural beauty for recreation.
Childcare costs in the Gold Coast depend on the type of service. Long day care centers charge around AUD 100 to AUD 150 per day. Family daycare and nannies are other options, with varying rates.
The Australian government offers childcare subsidies to eligible families, reducing out-of-pocket costs.
Other costs include mobile phone plans, clothing, and personal care. A standard mobile phone plan costs between AUD 30 and AUD 60 per month. Clothing prices vary, with a pair of jeans costing around AUD 80 and a pair of running shoes around AUD 150.
Haircuts range from AUD 30 for men to AUD 80 for women. Basic toiletries like shampoo and toothpaste cost between AUD 5 and AUD 10 each.
The cost of living in the Gold Coast depends on lifestyle and spending habits. Housing and transport are major expenses, while groceries and dining out vary in price. Public services like healthcare and education are accessible, but private options add extra costs.
Overall, the Gold Coast offers a high-quality lifestyle with plenty of opportunities for work, study, and leisure. Understanding living expenses helps residents and newcomers plan their budgets effectively.
When verifying credentials and licenses, it is important to look for several key pieces of information to ensure their validity. One of the most crucial pieces of information to check is the expiration date of the credential or license. This ensures that the individual or organization is still in good standing and has met all necessary requirements to maintain their certification.
Additionally, it is important to verify the accreditation of the credential or license. This means confirming that the issuing organization or agency is reputable and recognized within the industry. Accreditation provides assurance that the credential or license meets certain standards and has been obtained through a legitimate process.
In addition to expiration dates and accreditation, it is also helpful to verify any specific requirements or qualifications associated with the credential or license. This may include education level, work experience, exam scores, or other criteria that must be met in order to obtain and maintain the credential.
By checking these key pieces of information when verifying credentials and licenses, you can ensure that individuals or organizations have met all necessary requirements and are qualified to perform their duties. This helps protect consumers and clients by ensuring that they are working with professionals who have valid credentials and licenses.
In today's digital age, it is more important than ever to be vigilant and cautious when it comes to verifying credentials and licenses. Scammers and fraudsters are constantly looking for ways to deceive unsuspecting individuals, which is why it is crucial to thoroughly check the legitimacy of any claims being made.
One of the most effective ways to avoid falling victim to a scam is by carefully examining the credentials and licenses of the individual or organization in question. This can include checking for any certifications, accreditations, or licenses that are required for their particular industry or profession.
When verifying credentials, be sure to confirm that the information provided is accurate and up-to-date. This may involve contacting relevant licensing bodies or professional organizations to ensure that the individual or organization is in good standing.
It is also important to be wary of any red flags that may indicate a potential scam. For example, if someone is hesitant to provide proof of their credentials or becomes defensive when questioned about their qualifications, this could be a sign that they are not legitimate.
By taking the time to thoroughly check credentials and licenses before engaging with an individual or organization, you can protect yourself from falling victim to scams or fraudulent claims. Remember, it's always better to be safe than sorry when it comes to protecting your personal information and finances.
When it comes to hiring or working with someone, verifying their credentials and licenses is of utmost importance. Failing to do so can have serious consequences that could negatively impact your business or personal life.
One potential consequence of not verifying credentials and licenses is the risk of hiring someone who is unqualified for the job. Without proper verification, you may end up hiring an individual who lacks the necessary skills, experience, or qualifications to perform the tasks required. This can lead to costly mistakes, delays in projects, and even damage to your reputation.
Another consequence is the legal implications of working with someone without valid credentials or licenses. Depending on the industry or profession, there may be specific regulations or requirements that individuals must meet in order to practice legally. By failing to verify these credentials, you could be exposing yourself to legal liability and potential lawsuits.
Additionally, not verifying credentials and licenses can also pose a risk to your safety and security. For example, if you hire a contractor without checking their license, you may be allowing someone untrustworthy into your home or workplace. This could result in theft, property damage, or even harm to yourself or others.
In conclusion, the potential consequences of not verifying credentials and licenses before hiring or working with someone are significant. It is essential to take the time to thoroughly vet individuals to ensure they are qualified, reputable, and trustworthy. By doing so, you can protect yourself from unnecessary risks and safeguard your interests in the long run.
Verifying credentials and licenses is a crucial step in ensuring the safety and credibility of professionals in various industries. Failing to verify these qualifications can have serious consequences, as seen in real-life examples.
One such example involves a case where a construction company hired an individual claiming to be a licensed contractor without properly verifying his credentials. The "contractor" turned out to be unlicensed and lacked the necessary skills to complete the project safely and up to code. As a result, the construction work was subpar, leading to costly repairs and putting the safety of occupants at risk.
In another instance, a healthcare facility neglected to verify the credentials of a nurse they hired, who falsely claimed to have a valid nursing license. This oversight resulted in inadequate patient care and compromised the reputation of the institution when it was discovered that the nurse was not qualified to provide medical services.
These examples highlight the importance of thoroughly vetting professionals' credentials and licenses before engaging their services. By taking this essential step, organizations can prevent potentially disastrous outcomes such as substandard work, legal liabilities, financial losses, and harm to individuals' well-being.
In conclusion, neglecting to verify credentials and licenses can lead to negative consequences for both individuals and businesses. It is essential for employers and consumers alike to prioritize due diligence in confirming professional qualifications to ensure quality service delivery and uphold industry standards.
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.[1][2] In terms of law, real relates to land property and is different from personal property, while estate means the "interest" a person has in that land property.[3]
Real estate is different from personal property, which is not permanently attached to the land (or comes with the land), such as vehicles, boats, jewelry, furniture, tools, and the rolling stock of a farm and farm animals.
In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state.[3]
The natural right of a person to own property as a concept can be seen as having roots in Roman law as well as Greek philosophy.[4] The profession of appraisal can be seen as beginning in England during the 1500s, as agricultural needs required land clearing and land preparation. Textbooks on the subject of surveying began to be written and the term "surveying" was used in England, while the term "appraising" was more used in North America.[5] Natural law which can be seen as "universal law" was discussed among writers of the 15th and 16th century as it pertained to "property theory" and the inter-state relations dealing with foreign investments and the protection of citizens private property abroad. Natural law can be seen as having an influence in Emerich de Vattel's 1758 treatise The Law of Nations which conceptualized the idea of private property.[6]
One of the largest initial real estate deals in history known as the "Louisiana Purchase" happened in 1803 when the Louisiana Purchase Treaty was signed. This treaty paved the way for western expansion and made the U.S. the owners of the "Louisiana Territory" as the land was bought from France for fifteen million dollars, making each acre roughly 4 cents.[7] The oldest real estate brokerage firm was established in 1855 in Chicago, Illinois, and was initially known as "L. D. Olmsted & Co." but is now known as "Baird & Warner".[8] In 1908, the National Association of Realtors was founded in Chicago and in 1916, the name was changed to the National Association of Real Estate Boards and this was also when the term "realtor" was coined to identify real estate professionals.[9]
The stock market crash of 1929 and the Great Depression in the U.S. caused a major drop in real estate worth and prices and ultimately resulted in depreciation of 50% for the four years after 1929.[10] Housing financing in the U.S. was greatly affected by the Banking Act of 1933 and the National Housing Act in 1934 because it allowed for mortgage insurance for home buyers and this system was implemented by the Federal Deposit Insurance as well as the Federal Housing Administration.[11] In 1938, an amendment was made to the National Housing Act and Fannie Mae, a government agency, was established to serve as a secondary market for mortgages and to give lenders more money in order for new homes to be funded.[12]
Title VIII of the Civil Rights Act in the U.S., which is also known as the Fair Housing Act, was put into place in 1968 and dealt with the incorporation of African Americans into neighborhoods as the issues of discrimination were analyzed with the renting, buying, and financing of homes.[13] Internet real estate as a concept began with the first appearance of real estate platforms on the World Wide Web (www) and occurred in 1999.
Residential real estate may contain either a single family or multifamily structure that is available for occupation or for non-business purposes.[14]
Residences can be classified by and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residences might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.[15]
According to the Congressional Research Service, in 2021, 65% of homes in the U.S. are owned by the occupier.[16]
Other categories
The size of havelis and chawls is measured in Gaz (square yards), Quila, Marla, Beegha, and acre.
See List of house types for a complete listing of housing types and layouts, real estate trends for shifts in the market, and house or home for more general information.
Real estate can be valued or devalued based on the amount of environmental degradation that has occurred. Environmental degradation can cause extreme health and safety risks. There is a growing demand for the use of site assessments (ESAs) when valuing a property for both private and commercial real estate.[17]
Environmental surveying is made possible by environmental surveyors who examine the environmental factors present within the development of real estate as well as the impacts that development and real estate has on the environment.
Green development is a concept that has grown since the 1970s with the environmental movement and the World Commission on Environment and Development. Green development examines social and environmental impacts with real estate and building. There are 3 areas of focus, being the environmental responsiveness, resource efficiency, and the sensitivity of cultural and societal aspects. Examples of Green development are green infrastructure, LEED, conservation development, and sustainability developments.
Real estate in itself has been measured as a contributing factor to the rise in green house gases. According to the International Energy Agency, real estate in 2019 was responsible for 39 percent of total emissions worldwide and 11 percent of those emissions were due to the manufacturing of materials used in buildings.[18]
Real estate development involves planning and coordinating of housebuilding, real estate construction or renovation projects.[19] Real estate development can be less cyclical than real estate investing.[20]
In markets where land and building prices are rising, real estate is often purchased as an investment, whether or not the owner intends to use the property. Often investment properties are rented out, but "flipping" involves quickly reselling a property, sometimes taking advantage of arbitrage or quickly rising value, and sometimes after repairs are made that substantially raise the value of the property. Luxury real estate is sometimes used as a way to store value, especially by wealthy foreigners, without any particular attempt to rent it out. Some luxury units in London and New York City have been used as a way for corrupt foreign government officials and business people from countries without strong rule of law to launder money or to protect it from seizure.[21] Investment in real estate can be categorized by financial risk into core, value-added, and opportunistic.[22]
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Real estate agents and real estate brokers are people who represent sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients.[1] Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.
A real estate broker typically receives a real estate commission for successfully completing a sale. Across the U.S, this commission can generally range between 5-6% of the property's sale price for a full-service broker but this percentage varies by state and even region.[2]
In most jurisdictions in the United States, a person must have a license to perform licensed activities, and these activities are defined within the statutes of each state. The main feature of the requirement for having a license to perform those activities is the work done "for compensation". Hence, hypothetically, if a person wants to help a friend out in either selling or buying a property, and no compensation of any kind is expected in return, then a license is not needed to perform all the work. However, since most people would expect to be compensated for their efforts and skills, a license would be required by law before a person may receive remuneration for services rendered as a real estate broker or agent. Unlicensed activity is illegal and the state real estate commission has the authority to fine people who are acting as real estate licensees, but buyers and sellers acting as principals in the sale or purchase of real estate are usually not required to be licensed. It is important to note that in some states, lawyers handle real estate sales for compensation without being licensed as brokers or agents. However, even lawyers can only perform real estate activities that are incidental to their original work as a lawyer. It cannot be the case that a lawyer can become a seller's selling agent if that is all the service that is being requested by the client. Lawyers would still need to be licensed as a broker if they wish to perform licensed activities. Nevertheless, lawyers do get a break in the minimum education requirements (for example, 90 hours in Illinois).[3]
Some other states have recently eliminated the salesperson's license, instead, all licensees in those states automatically earn their broker's license.
The term "agent" is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.
In all states, the real estate licensee must disclose to prospective buyers and sellers the nature of their relationship [4]
Some U.S. state real estate commissions – notably Florida's[5] after 1992 (and extended in 2003) and Colorado's[6] after 1994 (with changes in 2003) created the option of having no agency or fiduciary relationship between brokers and sellers or buyers.
As noted by the South Broward Board of Realtors, Inc. in a letter to State of Florida legislative committees:
"The Transaction Broker crafts a transaction by bringing a willing buyer and a willing seller together and provides the legal documentation of the details of the legal agreement between the same. The Transaction Broker is not a fiduciary of any party, but must abide by the law as well as professional and ethical standards." (such as NAR Code of Ethics).
The result was that, in 2003, Florida created a system where the default brokerage relationship had "all licensees ... operating as transaction brokers, unless a single agent or no brokerage relationship is established, in writing, with the customer"[7][8] and the statute required written disclosure of the transaction brokerage relationship to the buyer or seller customer only through July 1, 2008.
In the case of both Florida[8] and Colorado,[6] dual agency and sub-agency (where both listing and selling agents represent the seller) no longer exist.
Other brokers and agents may focus on representing buyers or tenants in a real estate transaction. However, licensing as a broker or salesperson authorizes the licensee to legally represent parties on either side of a transaction and providing the necessary documentation for the legal transfer of real property. This business decision is for the licensee to decide. They are fines for people acting as real estate agents when not licensed by the state.
In the United Kingdom, an estate agent is a person or business entity whose business is to market real estate on behalf of clients. There are significant differences between the actions, powers, obligations, and liabilities of brokers and estate agents in each country, as different countries take markedly different approaches to the marketing and selling of real property.
Before the Multiple Listing Service (MLS) was introduced in 1967, when brokers (and their licensees) only represented sellers by providing a service to provide legal documentation on the transfer real property, the term "real estate salesperson" may have been more appropriate than it is today, given the various ways that brokers and licensees now help buyers through the legal process of transferring real property. Legally, however, the term "salesperson" is still used in many states to describe a real estate licensee.[citation needed]
After gaining some years of experience in real estate sales, a salesperson may decide to become licensed as a real estate broker (or Principal/qualifying broker) in order to own, manage, or operate their own brokerage. In addition, some states allow college graduates to apply for a broker's license without years of experience. College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed. Upon obtaining a broker's license, a real estate agent may continue to work for another broker in a similar capacity as before (often referred to as a broker associate or associate broker) or take charge of their own brokerage and hire other salespersons (or broker licensees). Becoming a branch office manager may or may not require a broker's license. Some states allow licensed attorneys to become real estate brokers without taking any exam. In some states, there are no "salespeople" as all licensees are brokers.[9]
Real Estate Services are also called trading services [10]
Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example,[11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the property and negotiating a sales price.[11] The result is the seller pays less commission overall (roughly half) when the property sells.[11] This is because a seller will pay a percentage of the sales price to a buyer's agent but not have to pay a percentage to a seller's agent (because there isn't one; the seller is representing himself).
In consideration of the brokerage successfully finding a buyer for the property, a broker anticipates receiving a commission for the services the brokerage has provided. Usually, the payment of a commission to the brokerage is contingent upon finding a buyer for the real estate, the successful negotiation of a purchase contract between the buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller. Under common law, a real estate broker is eligible to receive their commission, regardless of whether the sale actually takes place, once they secure a buyer who is ready, willing, and able to purchase the dwelling.[12]
Economist Steven D. Levitt famously argued in his 2005 book Freakonomics that real estate brokers have an inherent conflict of interest with the sellers they represent because their commission gives them more motivation to sell quickly than to sell at a higher price. Levitt supported his argument with a study finding brokers tend to put their own houses on the market for longer and receive higher prices for them compared to when working for their clients. He concluded that broker commissions will reduce in future.[13] A 2008 study by other economists found that when comparing brokerage without listing services, brokerage significantly reduced the average sale price.[14]
Real estate brokers who work with lenders can not receive any compensation from the lender for referring a residential client to a specific lender. To do so would be a violation of a United States federal law known as the Real Estate Settlement Procedures Act (RESPA). RESPA ensures that buyers and sellers are given adequate notice of the Real Estate settlement process.[15]
In the United States, the term realtor is trademarked by the National Association of Realtors, which uses it to refer to its active members, who may be real estate agents or brokers.[16][17][18] In Canada, the trademark is used by members of the Canadian Real Estate Association.[19] Both organizations advise against the use of realtor as a generic synonym for real estate agent.[19]
States issue licenses for an annual or multi-year period and require real estate agents and brokers to complete continuing education prior to renewing their licenses. For example, California licensees must complete 45 hours of continuing education every 4 years in topics such as agency, trust fund handling, consumer protection, fair housing, ethics, and risk management.[20]
Several notable groups exist to promote the real estate industry and to assist professionals.
The Australian property market comprises the trade of land and its permanent fixtures located within Australia. The average Australian property price grew 0.5% per year from 1890 to 1990 after inflation,[1] however rose from 1990 to 2017 at a faster rate. House prices in Australia receive considerable attention from the media and the Reserve Bank[2] and some commentators have argued that there is an Australian property bubble.[citation needed]
The residential housing market has seen drastic changes in prices in the past few decades. The property prices are soaring in major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane and Hobart.[3] The median house price in Sydney peaked at $780,000 in 2016. [4] However, with stricter credit policy and reduced interest from foreign investors in residential property, prices have started falling in all the major cities. [5] When compared with the soaring prices of 2017, the housing prices fell by 11.1% in Sydney and 7.2% in Melbourne in 2018.[6] In 2022 the residential rental market has seen a significant increase in rents, which has been described as a ‘rental crisis’.
In 2011 there were 8.6m households with an average household size of 2.6 persons per household.[7] Freestanding houses have historically comprised most building approvals, but recent data shows a trend towards higher density housing such as townhouses and units.[8] Turnover rates vary across market cycles, but typically average 6% per year.[9] Since 1999-2000 the proportion of households renting from state/territory housing authorities has declined from 6% to 3% while the proportion renting privately increased from 20% to 26% in 2019-20.[10]
The Australian property market is non-uniform, with high variation observed across the major cities and regional areas.[11]
In Sydney, as of March 2010, the Property Market's vacancy rate reached 0.53% signalling that the market is recovering, as these rates had reached 2% in August 2009. As of July 2015, the Property Market in Sydney has surged in the first Q of 2015, up 3.1%.[12] Sydney's eastern and northern suburbs typically attract the highest prices, reflecting their desirability and premium location.[13] The annual capital growth for houses and units in Sydney is 4.2% and 3.8% respectively.[14]
In the late 2000s, housing prices in Australia, relative to average incomes, were among the highest in the world. As at 2011, house prices were on average six times average household income, compared to four times in 1990.[15] This prompted speculation that the country was experiencing a real estate bubble, like many other countries.[16]
Foreign investment has also been identified as a key driver of affordability issues, with recent years seeing particularly high capital inflows from Chinese investors.[17]
A number of economists, such as Macquarie Bank analyst Rory Robertson, assert that high immigration and the propensity of new arrivals to cluster in the capital cities is exacerbating the nation's housing affordability problem.[18] According to Robertson, Federal Government policies that fuel demand for housing, such as the currently high levels of immigration, as well as capital gains tax discounts and subsidies to boost fertility, have had a greater impact on housing affordability than land release on urban fringes.[19]
The Productivity Commission Inquiry Report No. 28 First Home Ownership (2004) also stated, in relation to housing, "that Growth in immigration since the mid-1990s has been an important contributor to underlying demand, particularly in Sydney and Melbourne."[20] This has been exacerbated by Australian lenders relaxing credit guidelines for temporary residents, allowing them to buy a home with a 10 percent deposit.
The RBA in its submission to the same PC Report also stated "rapid growth in overseas visitors such as students may have boosted demand for rental housing".[20] However, in question in the report was the statistical coverage of resident population. The "ABS population growth figures omit certain household formation groups – namely, overseas students and business migrants who do not continuously stay for 12 months in Australia."[20] This statistical omission lead to the admission: "The Commission recognises that the ABS resident population estimates have limitations when used for assessing housing demand. Given the significant influx of foreigners coming to work or study in Australia in recent years, it seems highly likely that short-stay visitor movements may have added to the demand for housing. However, the Commissions are unaware of any research that quantifies the effects."[20]
Some individuals and interest groups have also argued that immigration causes overburdened infrastructure.[21][22]
In December 2008, the federal government introduced legislation relaxing rules for foreign buyers of Australian property. According to FIRB (Foreign Investment Review Board) data released in August 2009, foreign investment in Australian real estate had increased by more than 30% year to date. One agent said that "overseas investors buy them to land bank, not to rent them out. The houses just sit vacant because they are after capital growth."[23]
Australian property investors often apply the practice of negative gearing. This occurs when the investor borrows money to fund the purchase of the property, and the income generated by the property is less than the cost of owning and managing the property including interest.[24] The investor is expecting that capital gains will compensate for the shortfall. Negative gearing receives considerable media and political attention due to the perceived distortion it creates on residential property prices. In anticipation of Labor being elected in the 2019 federal election, the banks issued less interest only loans which are used by many investors for negative gearing.[25]
In 2022 the Australian residential rental market saw an annual increase in rents of 12%, the strongest increase in 14 years. Across Australia the vacancy rate was 1%, when a rate below 2% is considered very competitive with affordability constraints impacting tenants.[26] A number of sources have described the situation as a ‘rental crisis’.[27][28]
The primary reason for the rental crisis is a lack of supply due to a variety of reasons, including existing landlords selling their rental properties which are being purchased by owner-occupiers[29][30][27] and some landlords using their properties on the short term rental market such as Airbnb.[31] Other commenators cited a lack of social housing being provided by the government.[32] The COVID-19 pandemic also impacted the rental market with shared households reducing in size and city workers moving to regional areas due to increased remote work.[33]
The Gold Coast, also known by its initials, GC, is a coastal city and region in the state of Queensland, Australia, located approximately 66 kilometres (41 mi) south-southeast of the centre of the state capital, Brisbane. It is Queensland's second-largest city after Brisbane, as well as Australia's sixth-largest city and the most populous non-capital city.[4] The city's central business district is located roughly in the centre of the Gold Coast in the suburb of Southport.[5] The urban area of the Gold Coast is concentrated along the coast, sprawling almost 60 kilometres, joining up with the Greater Brisbane metropolitan region to the north and to the state border with New South Wales to the south.[6] Nicknames of the city include the ‘Glitter Strip’ and the ‘Goldy’. The demonym of a Gold Coast resident is Gold Coaster.
The area that became the Gold Coast was originally inhabited by the indigenous Yugambeh people. The city grew from a collection of small townships, the earliest being Nerang in 1865. From the 1920s onwards, tourism led to significant economic growth in the region, and by 1959 the Gold Coast was declared a city, with its first skyscraper being built in 1960. The Gold Coast boomed from the 1980s onwards with skyscraper construction. This era was defined by the city's ‘white-shoe brigade' developers, neon lights, and organised crime, particularly the yakuza and the Russian mafia.[7] The late 20th century saw the city's tourism diversify with theme park openings, and in the early 21st century became an international destination for film production.
The Gold Coast has a diverse economy with strengths in health, tourism, arts and culture, and construction, with a GDP of AU$45.3 billion as of 2023.[8] The city ranks highly as one of the country's cultural and creative hotspots,[9] alongside content creators,[10] a growing video games industry,[11] and leads Australia in startups per capita.[12] The Gold Coast is central to the nation's entertainment industry with a major film and television production industry, leading to the city's metonym of Goldywood.[13][14] The Gold Coast is also host of the AACTA Awards and the Gold Coast Film Festival.
The Gold Coast is a major tourist destination with a sunny, subtropical climate and has become widely known for its surfing beaches (such as Surfers Paradise), high-rise dominated skyline, theme parks, nightlife, and rainforest hinterland.
The Gold Coast is the ancestral home of a number of Indigenous clans of the Yugambeh people,[15] including the Kombumerri,[16] Mununjali,[17] and Wangerriburra clans. Europeans arrived in 1823 when explorer John Oxley explored the Tweed River.[18] The hinterland's timber supply attracted people to the area in the mid-19th century.[19]
A number of small townships developed along the coast and in the hinterland. The western suburb of Nerang was surveyed and established as a base for the industry and by 1870 a town reserve had been set aside.[20] By 1873, the town reserve of Burleigh Heads had also been surveyed and successful land sales had taken place.[21] In 1875, the small settlement opposite the boat passage at the head of the Nerang River, known as Nerang Heads or Nerang Creek Heads, was surveyed and renamed Southport, with the first land sales scheduled to take place in Beenleigh.[22] Southport quickly grew a reputation as a secluded holiday destination for wealthy Brisbane residents.[23]
Post-World War One Era saw the rise of the "seaside shack". The seaside shack provided the opportunity for the coastal "getaway" with modest investment. From 1914 to 1946, they popped up all along the South Coast. Seaside shacks were exceedingly cheap and were an early use of the concept of recycling. Many were built of disused or second grade timber, all kinds of materials were used for the holiday seaside shack – including fibro cement, metal containers, and left-over farm sheds; even disused trams were sold off as seaside shacks.[24]
After the establishment of the Surfers Paradise Hotel in the late 1920s, the Gold Coast region grew significantly.[25][26] The Gold Coast was originally known as the South Coast (because it was south of Brisbane). However, over-inflated prices for real estate and other goods and services led to the nickname of "Gold Coast" from 1950.[27][28][29][30][31] South Coast locals initially considered the name "Gold Coast" derogatory.[32][33] However, soon the "Gold Coast" simply became a convenient way to refer to the holiday strip from Southport to Coolangatta.[34][35][36][37][38] The Town of South Coast was formed through the amalgamation of Town of Coolangatta and Town of Southport along with the coastal areas (such as Burleigh Heads) from the Shire of Nerang on 17 June 1949 with the effect of having the present-day Gold Coast coastal strip as a single local government area. As the tourism industry grew into the 1950s, local businesses began to adopt the term Gold Coast in their names, and on 23 October 1958 the Town of South Coast was renamed Town of Gold Coast.[39] The area was proclaimed a city, despite the lack of a cathedral, less than one year later on 16 May 1959.[40]
The area boomed in the 1980s as a leading tourist destination. In 1994, the City of Gold Coast local government area was expanded to include the Shire of Albert.[41]
In 2007, the Gold Coast overtook the population of Newcastle, New South Wales, to become the sixth largest city in Australia and the largest non-capital city.[42]
The Gold Coast hosted the 2018 Commonwealth Games.[43]
In the 2016 census, the urban area of the Gold Coast had a population of 540,559 people.[44] According to the 2016 census, the population of the Gold Coast including rural areas was 569,997. The median age was 39 years old, 1 year older than the nationwide median. The male-to-female ratio was 48.6-to-51.4.[45] The most commonly nominated ancestries were English (29.3%), Australian (22.5%), Irish (8.2%), Scottish (7.5%), and German (3.6%). 64% of people were born in Australia, while the other most common countries of birth were New Zealand (7.9%), England (5.2%), China and South Africa (1.2% each), and Japan (0.7%). Indigenous Australians accounted for 1.7% of the population.[45] The most commonly spoken languages other than English were Mandarin (1.6%), Japanese (1.0%), Korean and Spanish (0.6% each), and Cantonese (0.5%).
According to the Australian Official Census in 2021, the most common religious affiliations in Gold Coast reported were none (43.4%), Catholic (18.2%), Anglican (11.9%), Uniting Church (2.9%), Non-denominational Christian (3.1%), Presbyterian and Reformed (1.9%), Buddhism (1.4%), Pentecostal (1.3%), Baptist (1.1%), Hinduism (1.1%) and Islam (1.0%).[46]
The Gold Coast is approximately half covered by forests of various types. This includes small patches of near-pristine ancient rainforest, mangrove-covered islands, and patches of coastal heathlands and farmland with areas of uncleared eucalyptus forest. Of the plantation pine forests that were planted in the 1950s and 1960s, when commercial forest planting for tax minimisation was encouraged by the Commonwealth government, tiny remnants remain.[47] Most of the Gold Coast area was covered by forest prior to European human settlement and extensive land clearing in the 19th century.[citation needed]
Gold Coast City lies in the southeast corner of Queensland, to the south of Brisbane, the state capital. The Albert River separates the Gold Coast from Logan City, a local government area south of the City of Brisbane.[citation needed]
Gold Coast City stretches from the Albert River, Logan River, and Southern Moreton Bay to the border with New South Wales (NSW) approximately 56 km (35 mi) south, and extends from the coast west to the foothills of the Great Dividing Range in World Heritage listed Lamington National Park.[citation needed]
The southernmost town of Gold Coast City, Coolangatta, includes Point Danger and its lighthouse. Coolangatta is a twin city with Tweed Heads located directly across the NSW border. At
28°10′00″S 153°33′00″E / 28.1667°S 153.55°E / -28.1667; 153.55, this is the most easterly point on the Queensland mainland (Point Lookout on the offshore island of North Stradbroke is slightly further east). From Coolangatta, approximately forty kilometres of holiday resorts and surfing beaches stretch north to the suburb of Main Beach, and then further on Stradbroke Island. The suburbs of Southport and Surfers Paradise form the Gold Coast's commercial centre. The major river in the area is the Nerang River. Much of the land between the coastal strip and the hinterland were once wetlands drained by this river, but the swamps have been converted into man-made waterways (over 260 kilometres (160 mi) in length[48] or over 9 times the length of the canals of Venice, Italy) and artificial islands covered in upmarket homes. The heavily developed coastal strip sits on a narrow barrier sandbar between these waterways and the sea.[citation needed]
To the west, the city borders a part of the Great Dividing Range commonly referred to as the Gold Coast hinterland. A 206 km2 (80 sq mi) section of the mountain range is protected by Lamington National Park and has been listed as a World Heritage area in recognition of its "outstanding geological features displayed around shield volcanic craters and the high number of rare and threatened rainforest species".[49] The area attracts bushwalkers and day-trippers. Important rainforest pollinating and seed-dispersing Black flying foxes (Pteropus alecto) are found in the area and may be heard foraging at night.[citation needed]
The City of Gold Coast includes suburbs, localities, towns and rural districts.
The declaration of Southport as a Priority Development Area (PDA) and new investment into the CBD is driving transformative change and creating new business and investment opportunities.[citation needed]
Waterfront canal living is a feature of the Gold Coast. Most canal frontage homes have pontoons. The Gold Coast Seaway, between The Spit and South Stradbroke Island, allows vessels direct access to the Pacific Ocean from The Broadwater and many of the city's canal estates. Breakwaters on either side of the Seaway prevent longshore drift and the bar from silting up. A sand pumping operation on the Spit pipes sand under the Seaway to continue this natural process.[citation needed]
Residential canals were first built in the Gold Coast in the 1950s and construction continues. Most canals are extensions to the Nerang River, but there are more to the south along Tallebudgera Creek and Currumbin Creek and to the north along the Gold Coast Broadwater, South Stradbroke Island, Coomera River and southern Moreton Bay. Early canals included Florida Gardens and Isle of Capri which were under construction at the time of a 1954 flood.[50] Recently constructed canals include Harbour Quays and Riverlinks completed in 2007. There are over 890 kilometres (550 mi) of constructed residential waterfront land within the city that is home to over 80,000 residents.[citation needed]
The city consists of 70 kilometres (43 mi) of coastline, with some of the most popular surf breaks in Australia and the world, including South Stradbroke Island, The Spit, Main Beach, Surfers Paradise, Broadbeach, Mermaid Beach, Nobby's Beach, Miami, North Burleigh Beach, Burleigh Beach, Burleigh Heads, Tallebudgera Beach, Palm Beach, South Palm Beach, Currumbin Beach, Tugun, Bilinga, North Kirra Beach Kirra, Coolangatta, Greenmount, Rainbow Bay, Snapper Rocks and Froggies Beach. There is almost 42 km of unbroken beachfront. Duranbah Beach is one of the world's best known surfing beaches and is often thought of as being part of Gold Coast City, but is actually just across the New South Wales state border in the Tweed Shire.[citation needed]
There are also beaches along many of the Gold Coast's 860 km (530 mi) of navigable tidal waterways. Popular inland beaches include Southport, Budds Beach, Marine Stadium, Currumbin Alley, Tallebudgera Estuary, Jacobs Well, Jabiru Island, Paradise Point, Harley Park Labrador, Santa Barbara, Boykambil and Evandale Lake.[citation needed]
Beach safety and management
The Gold Coast has Australia's largest[51] professional surf lifesaving service to protect people on the beaches and to promote surf safety throughout the community. The Queensland Department of Primary Industries carries out the Queensland Shark Control Program (SCP) to protect swimmers from sharks.[52] Sharks are caught by using nets and baited drumlines off the major swimming beaches. Even with the SCP, sharks do range within sight of the patrolled beaches. Lifeguards will clear swimmers from the water if it is considered that there is a safety risk.[citation needed]
Gold Coast beaches have experienced periods of severe beach erosion. In 1967, a series of 11 cyclones removed most of the sand from Gold Coast beaches. The Government of Queensland engaged engineers from Delft University in the Netherlands to advise what to do about the beach erosion. The Delft Report[53] was published in 1971 and outlined a series of works for Gold Coast Beaches including Gold Coast Seaway,[54] works at Narrow Neck that resulted in the Northern Gold Coast Beach Protection Strategy[55] and works at the Tweed River that became the Tweed River Entrance Sand Bypassing Project.[56]
By 2005 most of the recommendations of the 1971 Delft Report had been implemented. City of Gold Coast commenced implementation of the Palm Beach Protection Strategy[57] but ran into considerable opposition from the community participating in a NO REEF protest campaign.[58] The City of Gold Coast Council then committed to completing a review of beach management practices to update the Delft Report. The Gold Coast Shoreline Management Plan[59] will be delivered by organisations including the Environmental Protection Agency, City of Gold Coast and the Griffith Centre for Coastal Management. Gold Coast City is also investing into the quality and capacity of the Gold Coast Oceanway that provides sustainable transport along Gold Coast beaches.[60]
The Gold Coast experiences a humid subtropical climate (Köppen climate classification Cfa/Cwa), with mild to warm winters and hot, humid summers. The city experiences substantial summer precipitation mostly concentrated in thunderstorms and heavy showers with rain events occasionally lasting up to a few weeks at a time giving residents "the summer blues",[61] while winter is pleasantly mild to warm with little rain. In fact, it is for this pleasant winter weather that both the city and the Sunshine Coast—the coastal region north of Brisbane—are internationally renowned. Extreme temperatures recorded at Gold Coast Seaway have ranged from 2.5 °C (36 °F) on 19 July 2007 to 40.5 °C (105 °F) on 22 February 2005, although the city rarely experiences temperatures above 35 °C (95 °F) in summer or below 5 °C (41 °F) in winter.[62] The average temperature of the sea at Surfers Paradise ranges from 21.5 °C (70.7 °F) in July and August to 27.1 °C (80.8 °F) in February.[63]
Administratively, the Gold Coast is a local government area called the City of Gold Coast. The City of Gold Coast Council has 14 elected councillors, each representing a division of the city. Businessman Tom Tate is the current Mayor of the Gold Coast, first elected in 2012. Former mayors include Ron Clake, Gary Baildon, Lex Bell, Ray Stevens, Ern Harley and Sir Bruce Small, who was responsible for the development of many of the canal estates that are now home to thousands of Gold Coast residents.[citation needed]
At the state level, the Gold Coast area is represented by eleven members in the Legislative Assembly of Queensland. The seats they hold are: Bonney, Broadwater, Burleigh, Coomera, Currumbin, Gaven, Mermaid Beach, Mudgeeraba, Southport, Surfers Paradise and Theodore. Federally, the Gold Coast area is split between five divisions in the House of Representatives: Fadden (northern), Moncrieff (central) and McPherson (southern) are located entirely within the Gold Coast, while Forde (north-west) and Wright (south-west) encompass parts of the Gold Coast and other areas of Southeast Queensland.[citation needed]
Politically, the Gold Coast has often tilted conservative.[67] It was a Country Party bastion for most of the first three decades after World War II, but increasing urbanisation has made it a Liberal stronghold. Labor has historically only done well around Labrador and Coolangatta. Only one Labor MP has ever represented a significant portion of the Gold Coast at the federal level since 1949; the three Gold Coast divisions have only returned Liberals since 1984. At the state level, Labor was fairly competitive in the Gold Coast for most of the early part of the 21st century. However, as part of its massive landslide in the 2012 state election, the Liberal National Party won every seat there. The LNP repeated its sweep of the Gold Coast seats at the 2015 election, and retained all but one Gold Coast seat at the 2017 state election.[citation needed]
Southport Courthouse is the city's major courthouse and has jurisdiction to hear petty criminal offences and civil matters up to A$250,000. Indictable offences, criminal sentencing and civil matters above A$250,000 are heard in the higher Supreme Court of Queensland which is located in Brisbane. There is also a subsidiary Magistrates Court, located at the southern suburb of Coolangatta.[citation needed]
In 2013 a brawl between members of Outlaw motorcycle gangs also called "bikies" who fought each other outside a Broadbeach restaurant caused mass fear to restaurant patrons and police.[68] This led to the toughest anti-bikie laws introduced in Australia known as Vicious Lawless Association Disestablishment Act 2013.[citation needed]
In fifty years, Gold Coast City has grown from a small beachside holiday destination to Australia's sixth largest city (and the country's most populous non-capital city). Situated within South East Queensland's growth corridor, the Gold Coast is one of Australia's fastest growing large cities, with a 5-year annual average population growth rate to 2015 of 1.8%, compared to 1.5% nationally.[69] Gross Regional Product has risen from A$9.7 billion in 2001, to A$15.6 billion in 2008, a rise of 61 percent.[70] Tourism remains fundamental to Gold Coast City's economy, with almost 10 million visitors a year to the area.[71] In the past the economy was driven by the population derived industries of construction, tourism and retail. Some diversification has taken place, with the city now having an industrial base formed of marine, education, information communication and technology, food, tourism, creative, environment and sports industries. These nine industries have been identified as the key industries by the City of Gold Coast Council to deliver the city's economic prosperity. Gold Coast City's unemployment rate (5.6 per cent) is below the national level (5.9 per cent).[72] The declaration of Southport as the Gold Coast central business district (CBD) and a Priority Development Area (PDA), as well as new investment into the CBD, is driving transformative change and creating new business and investment opportunities.[citation needed]
The Gold Coast Economic Development Strategy 2013–2023[73] outlines the framework for the city's long-term growth and prosperity. The strategy outlines actions in the following areas, Innovation, Culture, Infrastructure, Competitive business, Workforce, International.
The Gold Coast is the most popular tourist destination in Queensland.[74] It is Australia's 5th most visited destination by international tourists.[75] Around 10 million tourists visit the Gold Coast area every year consisting of 849,114 international visitors, 3,468,000 domestic overnight visitors and 5,366,000 daytrip visitors. Tourism is the region's biggest industry,[76] directly contributing more than $4.4 billion into the city economy every year and directly accounting for one in four jobs in the city[77] There are approximately 65,000 beds, 60 kilometres (37 mi) of beach, 600 kilometres (370 mi) of canal, 100,000 hectares of nature reserve, 500 restaurants, 40 golf courses and five major theme parks in the city.[citation needed]
Gold Coast Airport provides connection across Australia and internationally with airlines including Flyscoot, Jetstar, Qantas, Air New Zealand, Virgin Australia and Airasia X. Brisbane Airport is less than one hour from the centre of Gold Coast, and direct trains operate.[citation needed]
Gold Coast City has over 13,000 available guest rooms contributing over $335 million to the local economy each year. Accommodation options available range from hostels to five star resorts and hotels. Tourist attractions include surf beaches, and theme parks including Dreamworld, Sea World, Wet'n'Wild Water World, Warner Bros. Movie World, WhiteWater World, Topgolf, Currumbin Wildlife Sanctuary, David Fleay Wildlife Park, Australian Outback Spectacular, and Paradise Country.[citation needed]
Since the opening of what was then the world's highest residential tower in 2005 (it is now the 17th highest), the Q1 building has been a destination for tourists and locals alike. It is the second highest public vantage point in the southern hemisphere after the Eureka Tower in Melbourne. The observation deck at level 77 is the highest of its kind in Queensland and offers views in all directions, from Brisbane to Byron Bay. It towers over the Surfers Paradise skyline, with the observation deck 230 metres (750 feet) high, and the spire extending nearly another hundred metres up. In total, the Q1 is 322.5 metres (1,058 feet) high, making it the tallest building in Australia. Another famous tourist attraction are the Surfers Paradise Meter Maids, instituted in 1965 to put a positive spin on new parking regulations. To avoid tickets being issued for expired parking, the Meter Maids dispense coins into the meter and leave a calling card under the windscreen wiper of the vehicle. The Maids are still a part of the Surfers Paradise culture but the scheme is now run by private enterprise.[citation needed]
Chinatown, Gold Coast, is an integral part of the revitalisation of Southport as an international CBD.[78][clarification needed]
The Gold Coast is the major film production hub in Queensland and has accounted for 75%[79] of all film production in Queensland since the 1990s, with an expenditure of around $150 million per year. The Gold Coast is the third largest film production centre in Australia, behind Sydney and Melbourne.[citation needed]
It is the filming site for major motion pictures including Muriel's Wedding (1994), Ghost Ship (2002), Scooby-Doo (2002), House of Wax (2005), Superman Returns (2006), Unbroken (2014), The Inbetweeners 2 (2014), San Andreas (2015), Pirates of the Caribbean: Dead Men Tell No Tales (2017), Kong: Skull Island (2017), Thor: Ragnarok (2017), Pacific Rim: Uprising (2018), Aquaman (2018), Dora the Explorer (2019)[80] and Godzilla vs. Kong (2021).[81]
Village Roadshow Studios are adjacent to the Warner Bros Movie World Theme Park at Oxenford. The Studios consists of eight sound stages, production offices, editing rooms, wardrobe, construction workshops, water tanks and commissary. These sound stages vary in size and have an overall floor area of 10,844 sq metres, making Warner Roadshow Studio one of the largest studio lots in the Southern Hemisphere. The Queensland Government actively supports the film and television production industry in Queensland and provides both non-financial and financial assistance through the Pacific Film and Television Commission.[82]
The Gold Coast's culture has been affected by rapid development and traditional marketing programs orbiting around 'sun, sand, surf and sex.'[83]
Despite rapid socio-economic changes and a tourist-centred image, there is evidence of local resident-driven culture (such as surf gangs) in geographical pockets and a broader 'Gold Coaster' identity drawn from globalised resort and real estate marketing material.[84] The Gold Coast hosts cultural activities that attract tourists and residents alike.[citation needed]
Music groups in this region include the Northern Rivers Symphony Orchestra and Operator Please. Musicians Cody Simpson and Ricki-Lee Coulter are from the Gold Coast. Music events include Big Day Out, Good Vibrations Festival, Summafieldayze, the Blues on Broadbeach Festival and V Festival (2007–2009).[citation needed]
Home of the Arts (HOTA) is the Gold Coast's premier cultural facility for visual and performing arts with a performance theatre, two cinemas and an underground venue. The theatre has hosted performance by the Imperial Russian Ballet, The Australian Ballet and the Queensland Ballet. Musicals, plays and a variety of performances are regularly scheduled. The city is also home to the Gold Coast City Art Gallery. Film festivals and the Comedy Club host international artists.[clarification needed] A redeveloped Gold Coast cultural precinct opened before the city hosted the 2018 Commonwealth Games.[85]
The two most popular sports on the Gold Coast are Australian rules football and rugby league, of which the city is represented by professional teams in two most popular national competitions:[citation needed]
Burleigh Bears rugby league football club play in the Queensland Cup and have won four premierships (in 1999, 2004, 2016 and 2019).[citation needed]
Recreational activities on the Gold Coast include surfing, fishing, cycling, boating and golf. The Gold Coast area has numerous golf links, including Hope Island, Sanctuary Cove and The Glades.[citation needed]
Sporting facilities include the Carrara Stadium, Carrara Indoor Sport Centre, Nerang Velodrome and the Sports Super Centre. Some of these facilities are being superseded by newer and larger capacity facilities. Two examples of these are the Gold Coast Convention & Exhibition Centre to play host to a Gold Coast Basketball team and Robina Stadium to host NRL games.[citation needed]
Former World Wrestling Entertainment performer Nathan Jones comes from the Gold Coast, as do Olympic gold medal-winning swimmer Grant Hackett, 2011 US Open tennis champion Samantha Stosur and Sally Pearson (who received the keys to the city).[citation needed]
The Gold Coast has garnered a reputation as a "sporting graveyard", as many of the professional clubs that have represented the Gold Coast in national leagues since the 1980s experience generally poor on-field performances, consistently struggle to support themselves financially, and have generally folded within a decade of being founded; as of 2019 no Gold Coast-based team has won a premiership in a national professional club competition.[86][87][88]
The Gold Coast hosted the 2018 Commonwealth Games, an international multi-sport event for members of the Commonwealth, held between 4 and 15 April 2018. It was the fifth time Australia had hosted the Commonwealth Games and the first time a major multi-sport event achieved gender equality by having an equal number of events for male and female athletes.[89] More than 4,400 athletes, including 300 para-athletes, from 71 Commonwealth Games Associations took part in the event.[90]
The venues such as Carrara Stadium,[91] Carrara Sports and Leisure Centre,[92] Carrara Indoor Sports Stadium, Gold Coast Convention & Exhibition Centre.[93] Broadbeach Bowls Club[94] Nerang Mountain Bike Trails,[95] Coomera Indoor Sports Centre,[96] Oxenford Studios,[97] The Gold Coast Hockey Centre,[98] Southport Broadwater Parklands,[99] Gold Coast Aquatic Centre,[100] Robina Stadium,[101] The Currumbin Beachfront,[102] and Coolangatta Beachfront[103] were used for the Games.
Gold Coast will be one of the three zones for the 2032 Summer Olympics and 2032 Summer Paralympics in Brisbane to use the venues as the 2018 Commonwealth Games. The Gold Coast Zone will have seven venues, and will host nine Olympic and six Paralympic sports. The Gold Coast Convention & Exhibition Centre will be used for the preliminary Volleyball along with Powerlifting and Sitting Volleyball during the Paralympics. Broadbeach Park Stadium will host Beach Volleyball for Olympics as well in the Football 5-a-side in the Paralympics. The Gold Coast Sports and Leisure Centre will be used for Judo and Wrestling in the Olympics and Boccia in the Paralympics. Southport Broadwater Parklands to be used for Triathlon and Marathon Swimming in the Olympics and will be used for Paratriathlon in the Paralympics. Coomera Indoor Sports Centre will host the Volleyball for the Olympics and will be used for Wheelchair Rugby in the Paralympics. The Robina Stadium will host the preliminary football matches. The Carrara Stadium could potentially host the Cricket matches if the IOC approves cricket in the 2028 Olympic Games in Los Angeles.[104]
The Gold Coast 500 (formerly known as the Gold Coast 600 & Gold Coast Indy 300) is a car racing event held annually, usually in October. The Surfers Paradise Street Circuit through the streets of Surfers Paradise and Main Beach. The Gold Coast 500 typically is accompanied by a range of on and off track events such as the Indy Undie Ball, Miss Indy Competition and the King of Burleigh Hill Billy cart Race which take place in the week prior to and/or during the race weekend. Formerly an IndyCar event, V8 Supercars are now the headline attraction, using a shorter track route, as the circuit was limited following the construction of the Gold Coast Light Rail as the Light Rail line replaced the northbound traffic lanes on Surfers Paradise Boulevard which was previously used as the southern section of the street circuit.[citation needed]
Each June, Coolangatta hosts Cooly Rocks On, a two-week 1950s and 1960s nostalgia festival with free entertainment and attractions, including hot rods, restored cars and revival bands playing music of the era. Every July, more than 25,000 congregate on the Gold Coast from around the world to participate in the Gold Coast Marathon. It is also the largest annual community sporting event held on the Gold Coast. In 2015, it will be held on 4–5 July and the 37th Gold Coast Airport Marathon is set to motivate and challenge more than 25,000 people of all ages and abilities. The Gold Coast Airport Marathon will feature an event for all ages and abilities, including the full Gold Coast Airport Marathon, ASICS Half Marathon, Southern Cross University 10 kilometres (6.2 mi) Run, Suncorp Bank 5.7 kilometres (3.5 mi) Challenge, and Junior Dash over 4 and 2 kilometres (2.5 and 1.2 mi).[citation needed]
In August Currumbin hosts the annual half distance Challenge Gold Coast triathlon, with the 1.9 km swim taking place in the Currumbin River, the 90 km bike going through the Currumbin and Tallebudgera Valleys in the Hinterland, and the 21.1 km run going along the beach to Elephant Rock and Tugun.[105]
Late November to early December sees thousands of school leavers across the country descend on the Gold Coast for Schoolies week, a two-week period of celebration and parties throughout Surfers Paradise, hosted by the City of Gold Coast. The event is often criticised nationally and locally for its portrayal of drinking and acts of violence, however every effort by the Queensland Police Service and State Government to ensure all school leavers have a good time are put into place, including locals volunteering by walking the streets and keeping an eye out for those in need of assistance.[citation needed]
Early each year the Gold Coast hosts one leg of the ASP World Tour of surfing, where some of the world's best surfers compete in the Quiksilver Pro at Coolangatta.[citation needed]
The Arts Centre Gold Coast located in Evandale, features a fine art gallery featuring local and international works from painting to sculpture and new media. In addition, there is a theatre for live productions including musicals as well two arts cinemas showing foreign and independent films from Australia and abroad.[citation needed]
Chinatown, Gold Coast, located in Southport, hosts the annual citywide Lunar New Year festival as well as regular monthly events.[citation needed]
The daily local newspaper is the Gold Coast Bulletin which is published by News Corporation. National surfing magazine Australia's Surfing Life is published in the Gold Coast suburb of Burleigh Heads by Morrison Media.[citation needed]
Major daily newspapers such as The Courier-Mail and its sibling The Sunday Mail from Brisbane, The Daily Telegraph, The Sunday Telegraph (Sydney), The Sydney Morning Herald and The Sun-Herald from Sydney and The Age, The Sunday Age, The Herald Sun and the Sunday Herald-Sun from Melbourne as well as national publications The Australian and The Australian Financial Review are all available for purchase on the Gold Coast. Other major interstate newspapers and newspapers from neighbouring regions owned by News Corporation or Australian Community Media are also available for purchase via retail outlets on the Gold Coast.[citation needed]
The Gold Coast straddles the boundary between the television licence areas of both Brisbane (metropolitan) and Northern NSW (regional): the Brisbane primary channels are Seven's BTQ, Nine's QTQ and 10's TVQ, while the regional affiliates are Seven's NEN, Nine's NBN and WIN Television's NRN.[citation needed]
Both sets of commercial stations are available throughout the Gold Coast, as well as the ABC and SBS television services. Other channels include 10 Bold, 10 Peach, 10 Shake, Sky News Regional (regional only), ABC TV Plus/ABC Kids, ABC Me, ABC News, SBS World Movies, SBS Viceland, SBS Food, NITV, SBS WorldWatch, 7two, 7mate, 7Bravo, 7flix, 9Gem, 9Go!, 9Rush & 9Life. Subscription television service Foxtel is also available.[citation needed]
Of the main metropolitan and regional commercial networks:
There are numerous commercial, ABC and community stations broadcasting along the Gold Coast.[citation needed]
The Gold Coast's FM commercial and community stations include 92.5 Triple M, Hit Network's 90.9 Sea FM, Hot Tomato, 94.1FM, Juice107.3, Radio Metro and 4CRB.[citation needed]
ABC Gold Coast is the local ABC station on the Gold Coast, which is complemented by the ABC's national radio services including Triple J, ABC Radio National, ABC NewsRadio and ABC Classic FM.[citation needed]
A number of narrowcast services are also available on the Gold Coast including Raw FM and Vision Radio.
The Gold Coast can also easily receive Brisbane and Northern NSW FM and AM stations.
The Gold Coast is home to two major university campuses: Bond University at Robina and Griffith University at Southport. Southern Cross University also operates a smaller campus in Bilinga near the Gold Coast Airport. TAFE Queensland also has five campuses at Southport, Robina, Benowa, Coomera and Coolangatta.[citation needed]
There are over 100 primary and secondary schools, both public and private and of a variety of denominations, including the selective state high school Queensland Academy for Health Sciences and single-sex private schools The Southport School and St Hilda's School. The longest established public school on the Gold Coast is Southport State High School, having originally opened in 1916. There are a number of libraries located on the Gold Coast. For a full list see Gold Coast libraries.[citation needed]
In 2018, 61.6% of the city's population was overweight or obese.[107]
Electricity
Electricity for the Gold Coast is sourced from Powerlink Queensland at bulk supply substations which is provided via the National Electricity Market from an interconnected multi-State power system. The Government-owned electricity corporation Energex distributes and retails electricity, natural gas, liquefied petroleum gas (LPG) and value-added products and services to residential, industrial and commercial customers in South-East Queensland.[citation needed]
Water supply
The Hinze Dam 15 km (9.3 mi) southwest of Nerang is the population's main water supply. The Little Nerang Dam which feeds into Hinze Dam can supplement part of the city area's water needs, and both are managed by the city council directorate Gold Coast Water. Reforms of the way in which the water industry is structured have been announced by the State Government, with transfer of ownership and management of water services from local government to the state occurring in 2008–09. City of Gold Coast also sources water from Wivenhoe Dam, west of Brisbane for northern suburbs when the Hinze Dam, at one-tenth of Wivenhoe's capacity, becomes low.[citation needed]
Water shortage and water restrictions have been current local issues, and a few new Gold Coast residential areas have recently included dual reticulation in their planning and development to supply water from a new water recycling plant being built concurrently. This will make available highly treated recycled water for use around the home in addition to potable water. The Gold Coast has received world recognition for this scheme in its Pimpama-Coomera suburbs.[108]
Gold Coast Water has the capacity to supply up to 133 megalitres of desalinated water per day.[109]
The car is the dominant mode of transport in the Gold Coast, with over 70% of people using it as their sole mode of travelling to work.[110] The Gold Coast has an extensive network of arterial roads that link coastal suburbs with inland suburbs. In recent years, local and state governments have invested money in transport infrastructure on the Gold Coast to combat the increasing congestion on many of the city's roads. The Gold Coast has an extensive public transport network that includes buses, heavy rail and light rail for commuting to work, visiting attractions, and travelling to other destinations.[citation needed]
A number of major roads connect the Gold Coast with Brisbane, New South Wales, and the surrounding areas. The Pacific Motorway (M1) is the main motorway in the area. Beginning at the Logan Motorway (M6) in Brisbane, it travels through the inland Gold Coast region and links with the Pacific Highway at the New South Wales/Queensland border near Tweed Heads. The Pacific Motorway is part of the Brisbane to Sydney corridor. Before the Tugun Bypass was completed in 2008, the motorway ended at Tugun. The Gold Coast Highway services the coastal suburbs of the Gold Coast, including Surfers Paradise, Southport, and Burleigh Heads. Starting at the Pacific Motorway at Tweed Heads, it runs parallel to the coast until it reaches Labrador, where it turns inland to meet the Pacific Motorway again at Helensvale. Other arterial roads include the Smith Street Motorway which connects Southport, Gold Coast's CBD with the M1 in Parkwood. Other major roads include Reedy Creek Road, Nerang–Broadbeach Road, Robina Parkway and Southport–Burleigh Road.[citation needed]
The Gold Coast's light rail service is called G:link, a 20 km (12 mi) line between Helensvale and Broadbeach that also connects the key activity centres of Southport and Surfers Paradise. The G:link was opened in 2014 between Broadbeach and Southport, with an extension to Helensvale completed in 2017 in preparation for the 2018 Commonwealth Games.[111]
Queensland Rail operates an intra-city rail service from Brisbane to the Gold Coast along the Gold Coast railway line. The line follows the same route as Brisbane's Beenleigh railway line, continuing on after reaching Beenleigh. It then follows a route similar to that of the Pacific Motorway, passing stations at Ormeau, Coomera, Helensvale, Nerang and Robina before terminating at Varsity Lakes. An extension of the Gold Coast line to the Gold Coast Airport is proposed.[112]
Kinetic Group[113] (formerly Surfside Buslines prior to a re-branding in 2022)[114] operates all public passenger services in the city under contract by Translink which coordinates the public transport network in South East Queensland. Services are frequent during the day, with intervals being as little as 5 minutes. Kinetic Group operates over a fleet of over 400 buses operating on over 70 lines covering the entire city.[citation needed]
The main International Airport, Gold Coast Airport is located in Coolangatta, approximately 22 kilometres (14 mi) south of Surfers Paradise. Services are provided to interstate capitals and major cities as well as to major New Zealand cities, Malaysia, Japan, Indonesia and Singapore.[citation needed] In 2019, it was the sixth busiest airport in Australia.[115]
Smaller private airfields are located in the northern suburbs of Coombabah (Southport Airport) and Norwell (Heck Field), catering to flight training, recreational and general aviation users.[citation needed]
The Gold Coast's real estate market is one of the most dynamic in Australia, characterised by a combination of coastal luxury properties, residential developments, and investment opportunities. According to data from SQM Research,[120] the region has experienced significant property value growth in recent years, with both the median house and unit prices showing strong upward trends. The market's appeal is driven by its lifestyle offerings, proximity to major cities like Brisbane, and ongoing infrastructure improvements.[citation needed]
Consists of people who solely either drove or travelled as a passenger in a car to work.
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My partner and I engaged Jacqueline from Savvy Fox Buyers Agents to find a very specific property: a walk-up, brick-style unit in Surfers Paradise or Chevron Island. She not only delivered on time, within scope, and on budget but also exceeded our expectations with her professionalism and attention to detail. Being overseas during the process, we expected challenges, but Jacqueline made everything incredibly easy and stress-free. Her expertise and clear communication guided us seamlessly through every step. I can’t recommend Jacqueline highly enough and will absolutely engage her for future purchases. Thank you, Jacqueline, for such an outstanding experience!