city-of-gold-coast-o3ji6tv0pty-unsplash

Gold Coast Light Rail enters stage 3 of construction

Market Insights
8 months ago
2 minutes

The Gold Coast is one of the fastest growing cities in Australia, with property prices having surged by 38.2% between Broadbeach and Burleigh Heads. Infrastructure investment in the Gold Coast Light Rail will increase the connectivity of different parts of the Gold Coast and minimise congestion on the roads, making this already wonderful city even more liveable.   

Stage 3A is currently in planning, with funding being fast tracked to bring the construction start date forward a year. This stage of the project is predicted to cost $709 million and will involve 6.7km of new light rail tracks in addition to eight new light rail stations. These new stations will connect Broadbeach South station and Burleigh Heads. 

The early works for Stage 3 are underway and progressing according to schedule. Pre-construction work for this phase has been completed at both ends of the light rail corridor. 

Community consultation is currently underway for Stage 4 of the project, which is intended to include a 13km extension from Burleigh Heads to Tagun, also including the airport at Coolangatta. 

article-image
Image source

Stage 1 of the Gold Coast Light Rail was completed in 2014. This stage included 13km of track laid between the Gold Coast University Hospital and Broadbeach South. 16 stations were placed along the track with this stage of the project costing an estimated amount of $1.6 billion. Upon completion of this first stage in 2014, the project was well-received by locals.

Stage 2 of the Gold Coast Light Rail project saw the light rail network extended to the Helensvale railway station. This means that the light rail connects directly to the Gold Coast-Brisbane railway line, integrating public transport between the two cities. This stage was completed in 2017, just in time for the 2018 Commonwealth Games. During the games, the light rail was able to successfully transport up to 3,000 people per hour from Helensvale into Southport, Surfers Paradise and Broadbeach. 

article-image
Image source

The continual development of the Gold Coast Light Rail is bringing increased connectivity to residents and visitors of the Gold Coast. According to industry research, over the last three consecutive quarters the Gold Coast has recorded the highest number of prime sales transactions on record and is forecasted to grow by 8% next year. The Gold Coast light rail will undoubtedly improve the daily lives of everyone in this sunny city and continue to strengthen the local property market. 

Header image source.

For more news, market insights and lifestyle, click here.