The Gold Coast region, renowned for its enviable lifestyle and status as a tourist destination, has been steadily diversifying its economic base over the past decade. Previously compelled by construction, tourism, and retail industries, the city has expanded to encompass marine, education, IT, hospitality, tourism, creative, environmental, and sports industries, becoming a testament to economic diversification1.
The region's Economic Strategy 2022-2027 is an ambitious roadmap for its future economic development. The strategy, which focuses on high-value industries, aims to increase the city's economy by more than $5 billion in the next five years. To achieve this, the city is focusing on developing, attracting, and retaining the best talent, increasing productivity, fostering sustainability, and boosting collaboration among local businesses, industry groups, and various levels of government1.
At its heart, the Gold Coast is a vibrant multicultural city with a thriving food and wine industry. The city's vast array of restaurants and bars, offering cuisines from all over the world, makes it a magnet for top restaurateurs and operators. Furthermore, the city's exciting nightlife and entertainment scene, with venues such as Surfers Paradise and Broad Beach, provide a constant buzz of activity, attracting both locals and visitors alike .
Retail plays a significant role in the Gold Coast's economic landscape. The city is home to a vast range of shopping centres, boasting over 3500 shops. The shopping experience in the Gold Coast is diverse, catering to a wide range of tastes and budgets, from Australia Fair and Pacific Fair to Harbour Town factory outlets.
The Gold Coast is also a significant hub for arts and film production. Contributing to three-quarters of all film production in Queensland, the city stands strong as a major player in the industry. Furthermore, the Arts Centre Gold Coast showcases the city's vibrant arts scene, exhibiting both local and international art2.
At Queensland Business Sales, we understand the evolving economic landscape of the Gold Coast. We leverage this expertise to ensure that your business transaction – whether buying or selling – is handled with strategic insight and the utmost professionalism. We invite you to explore the exciting opportunities that await in the diverse and thriving economy of the Gold Coast.
Quick Links: BUSINESSES BROKERS Sell your GOLD COAST Business
Gold Coast is a coastal city in South East Queensland, neighbouring the capital city of Brisbane. Gold Coast boasts a population of nearly 600,000 making it the second most inhabited city in the state. In the last 50 years, Gold Coast City has grown from a lesser beachside holiday spot to Australia’s sixth major city.
Tourism continues to remain central to Gold Coast City’s economy, with approximately 10 million domestic and international visitors per year, Gold Coast is a major tourist destination thanks to its sunny subtropical climate, surfing beaches, canal, rainforest hinterland, vibrant nightlife and the unique location of its high-rises along the coastline. The city resides on over 50 kilometres of coastline, including some of Australia’s most popular surf breaks. An ideal host for both domestic and international holiday makers, the city also has more than 500 restaurants, 40 golf courses and some of the country’s biggest theme parks. For over three quarters of the year, Gold Coast also boasts temperatures of over 22 degrees. That’s sunshine for most of the year.
Previously the Gold Coast economy was compelled by construction, tourism and retail industries. Some expansion has taken place, with the city now having an industrial base formed of marine, education, IT, hospitality, tourism, creative, environment and sports industries. These will be the key to the future economic prosperity of the city.
Gold Coast is a proud multicultural city with a successful food and wine industry that cultivates offerings from all over the world. The Gold Coast is a leader in Australian style and continues to attract a top restaurateurs and operators wanting to expand. Gold Coast has an incredible nightlife and a range of entertainment on offer every evening of the week. Central zones including Surfers Paradise and Broad Beach offer great restaurants, bars, nightclubs and live entertainment. Events all year round also provide continuous entertainment for locals and visitors.
Gold Coast has a huge range of shopping malls with over 3500 shops. Top shopping centres include Australia Fair, Pacific Fair and Harbour Town factory outlets.
The Arts Centre Gold Coast features a popular art gallery exhibiting both local and international art. The Centre also has a theatre for all form of live entertainment and two cinemas screening foreign and independent films. Gold Coast City is also the film production hub of Queensland. Approximately three quarters of all film production in the state is produced in Gold Coast. In Australia, Gold Coast stands strong as the third major film production hub behind Sydney and Melbourne.
Gold Coast is in the television broadcast licence areas of Brisbane and North New South Wales so the local networks are primarily situated in these areas. Newspapers from its closest cities such as Brisbane, Sydney and Melbourne are also readily available.
Gold Coast Airport offers connections throughout the whole of Australia with all the top premium and economic airlines.
