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http://www.goldcoast.qld.gov.au

The Gold Coast region is situated in the Southeastern corner of Queensland, approximately seventy-five kilometres south of the state capital, Brisbane. The region comprises a significant stretch of Pacific Ocean coastline extending from the Logan River in the north to Coolangatta on the Queensland/New South Wales border.

The Gold Coast is the fastest growing major region in Australia and is the largest city outside the 5 Mainland State capitals. 444,077 people were counted at the 2001 Census, including 51,275 visitors, of whom 15,244 were from overseas. That was a 3.4% annual growth rate over 5 years since the 1996 Census.

The estimated total population of the Gold Coast Statistical District in May 2003 is to be 470,000.

Future growth will increasingly occur in the corridor between Gold Coast and Brisbane alongside the new 8 lane Pacific Motorway. They will soon join to form one continuous urban area with a combined population of over 2 million people.

CLIMATE
The Gold Coast region is conducive to a good quality lifestyle, with average maximum day time temperatures of 28 degrees Celsius during the summer months (December to March), falling to 21 degrees Celsius in winter (June). The year round average air temperatures is 25 degrees Celsius with an average ocean temperature of 22 degrees Celsius. Consequently the beaches are utilised almost all year round.

THE NEW SURFERS PARADISE
Surfers Paradise is being transformed into a large open-air shopping centre in keeping with its role in the past. Over the past 6 years the City Council has spent some $15 million on extensive landscaping, widening footpaths and re-paving all pedestrian areas in the precinct. A further $30 million has just been spent largely by the State government on roadworks in the lead up to the big switch. Space for tour bus parking, taxi ranks, public transport and 3,000 car parks have been incorporated in the careful planning, and all is now ready for the New Surfers Paradise to emerge.

The development industry has invested heavily in this transformation and values have soared after many years of declining land values. Investors have confirmed the confidence of developers by buying apartments in large numbers in the new generation of residential towers that are emerging in the heart of Surfers Paradise.

• Chevron Renaissance 3 towers up to 49 storeys containing 711 apartments,
• Circle on Cavill 2 towers up to 69 storeys containing 637 apartments,
• Q1 Tallest Tower the tallest residential apartment building in the world at 80 storeys with 527 apartments

The New Surfers Paradise is a bold venture that has been carefully planned to put Surfers back on its pedestal as the most popular tourist destination in the South Pacific. It is the result of active collaboration between the City Council, local business and State government. It deserves to succeed and results to date give every indication that it will.

STRONG CONFIDENCE IN THE FUTURE
The announcement that development heavyweight Lend Lease is about to commence a series of up to 12 residential towers in Surfers Paradise underlines our claim that this is the Golden Decade for Gold Coast City. It clearly differentiates this region from other major cities where the talk is of slowdown due to over supply.

WHY INVEST IN QUEENSLAND?

INCREASING POPULATION GROWTH
Queensland is the fastest growing State and is home to 3.8 million or 19% of Australia’s 20 million people. In recent years, Qld has accounted for 33% of Australia’s population growth. Queensland’s population grew at about twice the rate of the rest of Australia – 2.3% vs. 1.0%. The latest Australian Bureau of Statistics shows an 85,803 population growth in the year ending June 2003, resulting in the construction of 41,103 new dwellings in Qld. The Queensland government has been forecasted another 1 million population growth in the next 22 years in its recent draft S.E. Queensland Regional Plan.
South-East Queensland housed 65% of the State's population and accounted for 80% of population growth, growing at a rate of 2.1 % per annum.

BOOMING ECONOMY
Queensland’s economy outperformed the rest of Australia in the 1990s, averaging growth of 4.6% in comparison to 3.3% for other Australian States. Performance on the employment front is equally impressive. During the past 10 years, Qld generated 25% of the 750,000 new jobs created in Australia.

Projected Average Annual Growth Rates 2003-04 to 2005-06

QLD	VIC	NSW	S.A.	AUSTRALIA
4.1%	2.8%	2.5%	2.4%	3.1%

Source: EconTech State Eco and Ind Outlook, April 2004

LOW TAXES
Queensland has some of the lowest State taxes in Australia. It has one of the lowest payroll tax rates of all Australian States and businesses also benefit form a high tax-free threshold. The Qld Government has made a commitment to maintain a low tax strategy. There are no fuel franchise fees and no petrol taxes.

Tax Per Head – State Comparisons (2002-03)

QLD	S.A	W.A	VIC	NSW
$1,867	$2,010	$2,136	$2,267	$2,477

Source: ABS Taxation Revenue

Comparative Maximum Payroll Tax (%)

QLD	W.A	VIC	S.A	NSW
4.8%	4.87%	5.45%	6%	6.2%

Source: Interstate comparison taxes, NSW Treasury 2000-01

LOW BUSINESS COST
Queensland has extremely competitive cost for businesses compared with the rest of Australia. It State’s salary costs are amongst lowest in Australia, and significantly lower than major Asian centers. Office rent for A-grade space in Brisbane or Gold Coast is less than half that paid in Sydney and around one seventh of the cost in Tokyo.

Office Rental ($A)

Gold Coast/Bris.	Sydney	Melbourne	Hong Kong	Singapore
$175-255	$300-340	$350-400	$460-1,999	$525-596

Source: Colliers International Asia Pacific Property Trends, March 2002

QUEENSLAND - Australia's Smart State
A multi-faceted strategy designed to make Queensland nothing less than the intellectual hub of the Asia-Pacific has given Queensland the tag of The Smart State. Queensland is leading the way for Australia and the Asia-Pacific region, particularly in the areas of Aviation and Logistics, Biotechnology, Communications and Information, and Regional Service Centres. It is a haven of mega-diversity, home to the world's largest coral reefs, heritage listed rainforests and many living organisms.

Academic endeavor, educational and research facilities, infrastructure, cost effectiveness, convenience and quality of life all contribute to the State's strong growth ''making Queensland an attractive place to invest. Queensland's large skills pool ensures access to high quality workers, with internationally recognized credentials'' products of a world class education system, outstanding tertiary opportunities and a strong institute based research network.

Queensland is home to several of Australia's leading information technology, communication, and biotechnology facilities, with no less than 18 Co-operative Research Centres representing strategic alliances and mutually beneficial partnerships between research institutes and both national and international corporations.

The Queensland Government commits millions of dollars to provide the infrastructure and ongoing support necessary for the fast-growing science and technology sector. The State is home to organizations such as the Queensland Manufacturing Institute, the Clunies Ross Centre for Science and Industry, the Queensland Centre for Advanced Technology, the Institute for Molecular Bioscience and the Queensland Institute of Medical Research.

QUEENSLAND’s TARGETED INDUSTRY SECTORS
Advanced manufacturing
Aviation and aerospace
Biotechnology and pharmaceuticals
Business events
Food and agribusiness
Information and communications technology
Marine
Shared services

WHY INVEST IN GOLD COAST?

QUALITY OF LIFE
Gold Coast City is one of the most desirable places to live in the world. It ranks above cities like Singapore, London, New York, etc.

Gold Coast/Brisbane	102
Singapore	101
London	100
New York	100

Source: William M Mercer, Quality of Life 2002

CLIMATE
With its pleasant sub tropical climate, and relative lack of weather extremes, the Gold Coast is a clear winner as a desirable place to live. Gold Coast enjoys more hours of sunshine per annum (average 287 days of sunshine per year) than Sydney, Melbourne or Canberra.

Average Summer Temperatures: 19 to 29 degrees Celsius
Average Winter Temperatures:  9 to 21 degrees Celsius.

ATTRACTIONS
Gold Coast City is a dynamic city with a wide variety of built and natural attractions including:

• 70 kilometres of beaches with an average water temperature of 22 degrees
• A large broadwater and five major river systems
• Major shopping centres as well as numerous boutiques, specialty shops and markets
• More than 500 restaurants and cafes offering cuisine from around the world
• Nightlife entertainment from nightclubs, restaurants, clubs, hotels and Conrad Jupiters Casino to Broadway musicals, ballet and theatre
• Theme parks including Warner Bros. Movie World, Sea World, Dreamworld and Wet ‘n’ Wild as well as several wildlife parks such as Currumbin Wildlife Sanctuary
• Rural hinterland stretching to the west and north of the City encompassing many natural wetlands
• Tropical rainforest with abundant wildlife and numerous bush walks
• Large sugar cane farms and a wealth of industry in the northern districts of the City
• World-class sporting and recreational facilities
• A huge range of accommodation from five-star international resorts to camping grounds
• The Gold Coast Seaway providing safe ocean access and over 270 kilometres of navigable waterways

COST OF LIVING
Gold Coast City has the lowest cost of living of major Australian Cities – lower than half of the world’s major cities.

Source: William M Mercer, Cost of Living 2002

STAFFING COST
Queensland and the Gold Coast City have a highly competitive labour cost compare to other major states.

Sales Representative

Gold Coast/Bris.	Melbourne	Sydney
$70,000	$60,000	$70,000

Human Resources Officer

Gold Coast/Bris.	Melbourne	Sydney
$45,000	$48,000	$50,000

IT Programmer/Analyst

Gold Coast/Bris.	Melbourne	Sydney
$55,000	$65,000	$75,000

Source: Hays Personnel Services Salary Survey2001

Average Weekly Earnings

QLD	VIC	NSW	Australia
$648	662	725	657

Source: ABS, Average weekly earnings Feb 2001

PACIFIC INNOVATION CORRIDOR
Gold Coast City has emerged as one of the most dynamic and innovative cities in Australia in the 21st century. Gold Coast City has become a serious place to do business. Gold Coast City Council is strongly committed to economic development, particularly in broadening and deepening the economic base of the City, with a focus on knowledge intensive high value adding industries.

The Pacific Innovation Corridor (PIC) is Gold Coast City Council’s signature economic development project to transform Gold Coast City into a globally connected innovation and knowledge economy hot spot, through:

• Promoting the clustering of related firms and industry sectors within specific geographic precincts, thereby enhancing the availability and intensity of knowledge, as well as research and development
• Ensuring that Gold Coast is globally competitive in the availability, coverage, cost and capacity of telecommunications infrastructure.