This year KPMG released a report titled Beyond the Horizon which went into great detail about the future growth of Gold Coast City.
The biggest reveal was that KPMG expects the population of Gold Coast City to double by 2050.
KPMG partner Bernard Salt said Gold Coast City was non-existent at the time of the 1954 census, but today is a metropolis of more than 600,000 residents with a promising future.
“The truly remarkable feature of the Gold Coast is its history of growth. For the better part of two decades the Gold Coast has added close to 15,000 new residents per year.
“By the middle of this century the Gold Coast including the urban part of Tweed is projected to contain 1.2 million residents.
“No other comparably scaled city in Australia can credibly claim to double in size over the next 35 years and yet that is precisely the promise of the Gold Coast. For this reason alone Australian and international businesses should be made aware of the opportunities for investment and development in this most unique city of our time,” he said.
The report goes on to say two-thirds of the additional population growth is likely to be brought about by the existing urban footprint and will retain its four regional centres (Coomera, Southport, Broadbeach and Robina).
As the population increases, it’s expected people will spread into Ashmore and Robina.
Retail spending is also expected to double to $16 billion in 2050 with retail still being a central part of Gold Coast City’s economy and Robina Town Centre and Pacific Fair being the biggest shopping centres on the Gold Coast.
According to a City of Gold Coast report, Robina Town Centre is the second most popular shopping centre on the Coast with more than 13.3 million shoppers per annum and currently has the highest shopper turnover at $56 per shopper.
The shopping centre currently draws customers from a broader catchment outside of Robina based on its critical mass and mix.
Read the report and find out more at: www.futuregoldcoast.com.au
