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Infrastructure leading Gold Coast into a new era

Colliers International figures shows there's an impressive line-up of 84 infrastructure earmarked for the region between Ormeau and Murwillumbah.

Colliers International Gold Coast research manager Lynda Campbell said the figures show there is currently $4.5 billion of projects under construction and around $11.1 billion in the planning stages.

"Astute property investors have time to make their move in the suburbs that may benefit from the infrastructure," said Ms Campbell.

The biggest spend of $4.7 billion is the Road, Rail and Air category .

"Included in this figure is the planned $1.67 billion Rapid Transit System, the $1 billion upgrade of the M1 between Nerang and Stewart Road and the $920 million extension of the rail line from Varsity Lakes to Coolangatta," said Ms Campbell.

The Parks and Sporting venues category came in second with a total of just under $4 billion.

This category was dominated by the Gold Coast Marine Development on The Spit at Main Beach ($2.5 billion) and the planned Motor Sports Facility at Norwell ($395 million) and the proposed $200 million upgrade to the Carrara Stadium.

Ms Campbell said infrastructure can have an effect on property prices long before the project has been completed.

The infrastructure investment in Robina and Varsity Lakes has already paid big dividends for property owners – with consistent 7.2 per cent price growth per annum being recorded in these suburbs over the past five years.

The Tugan Bypass has had a big impact on property prices according to Colliers International research.

"House prices have grown at 11.2 per cent over the past five years," said Ms Campbell,

"Large infrastructure projects are planned years before the first sod is turned – so prices in the suburbs it bypasses including Tugan, Bilinga, Kirra and Coolangatta are affected even during the planning stages," she said.

One of the Gold Coast's largest infrastructure projects currently in the planning stages is the $1.67 billion Rapid Transit System.

"Although the route is yet to be finalised we have graphed the Southport housing and unit markets, as this is one of the suburbs which the system will pass through.

"To date there has been no significant effect on house or unit prices which remained static between the March and June 2008 quarters. Once the Rapid Transit System route has been finalised and construction commences we would expect to see higher than average property price increases," she said.