The stage three of the gold coast light rail project is the projected last piece to creating a world-class public transportation system in the city of gold coast that will help the city mature into an even more urban and accessible location. This vision of a gold coast city light trail network introduced in 2011 has taken the collective commitment of the government, private sector and the community at large to bring it thus far.
The stage three of the Gold coast light rail project is proposed to run from broad beach south light rail station to Burleigh heads, it is indeed going to be an opener for smaller towns when it is launched in the next three years. This project holds a lot of promise for the economics of the city as well as the culture that means that now is as good a time as any for real estate and other businesses because this project brings with it a new market for a lot of things.
Gold coast light rail stage three project is a public-private partnership project whose planning is already in the run since the completion and launch of the completed stage 2 of the light rail network. From the beginning of construction, the stage 3 of Gold coast light rail project is scheduled to take three years before completion. The first phase of the stage 3 is a preliminary business case completed in 2018 that would assist in getting funds for the project. Community involvement in the planning of this project is ongoing at several locations and online and on different dates in August 2018 so that community members can contribute their views about the project.
This stage 3 will mean that it will become easier for everyone to move in and out of the city, it is expected that visitors will take advantage of it. Not just visitors, locals will find it cheaper to move around using the light rail transport system, it will be designed to meet the increased travel demands of the city being the second largest growing city in Australia and to meet world class standard of large urban cities and being able to compete with Melbourne.
The completion of the stage 3 light rail project will bring in more employment for the locals in the city, it will make moving around convenient, cheaper and faster, it means that more visitors will come in to consume the beautiful culture of the city boosting tourism gains and investments. With all of these expected, the real estate market is expected to experience a boom in gains and returns, this is good news for prospective real estate investors to either buy or lease their properties. The light rail project is a huge move to further urbanize gold coast and just like every urban city, real estate is a great deal, demands are higher
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