Gold Coast Emerges as Economic Powerhouse Outpacing Nation’s Capitals

By Ian Rogers

The Gold Coast is solidifying its position as a national leader in economic growth, with a new report revealing it outpaced all mainland capital cities in 2023. The Gold Coast Economic Outlook 2024, launched during Gold Coast Business Week, highlights the city’s rapid rise, driven by diversification, population growth, and robust business investment.

Exceptional Economic Growth

The report shows the Gold Coast’s Gross Regional Product (GRP) grew by 3% in 2023, almost double the forecast of 1.6%, making it Australia’s fastest-growing economy in the post-pandemic era. This positions the city ahead of Greater Perth, Brisbane, Adelaide, and the Australian Capital Territory in GRP growth.

Between 2021 and 2023, the Gold Coast achieved a cumulative growth rate of 5.5%, more than double Sydney and Melbourne’s 2.5%, and exceeding Brisbane’s 4.5%. The city’s economy is now valued at $45.38 billion, surpassing forecasts by $630 million.

Per Capita Productivity

The Gold Coast’s economic contribution per capita stands at $68,134, exceeding forecasts by 13%. This impressive figure is attributed to increased efficiency and a growing number of high-income residents.

Diverse and Resilient Economy

Mayor Tom Tate attributes the city’s economic success to its diversified economy, strong population growth, and record employment levels.

“The Gold Coast has become much more than just a tourism destination,” says Tate. “Our city offers diverse employment opportunities, strong business investment incentives, and a favourable environment for economic activity, creating a sustainable cycle of growth.”

• Employment growth surged 6.93% in 2023, driven by new businesses relocating to the region and existing ones expanding.
• The Gold Coast’s population, currently at 666,000, is forecast to reach one million by 2040.

The city’s diversified economy provides resilience against sector-specific downturns, enabling faster recovery from economic shocks, such as those experienced during the pandemic.

A National Leader in GRP Growth

The Gold Coast is poised to maintain its economic momentum, with the report forecasting 10.07% GRP growth between 2024 and 2028, outpacing Greater Brisbane (9.04%), Queensland (7.93%), and the national average (7.9%).

Business Confidence and Investment

The city leads in business capital reinvestment, recording a 13.3% reinvestment rate in 2023 compared to negative rates in Greater Brisbane and Queensland. By 2028, this rate is projected to climb to 14.3%, significantly outpacing Brisbane (5.47%) and the national average (9.2%).

“Reinvestment signals confidence in future growth prospects and enhances productivity, driving overall economic output,” the report states.

Sectoral Growth Highlights

Technology

• Leading economic growth with a 50% growth rate in 2023, up from 20% in 2021.
• Forecast to grow by over 90% annually by 2028.

Screen Industry

• The film and television sector is projected to grow by over 40% annually by 2028, supported by city-led initiatives like a Creative Industries Precinct in Miami and new film studios at Yatala.

Sports

• Growth set to double from 30% in 2023 to over 70% annually by 2028.

Professional Services

• Driven by population and business growth, this sector is on track to become the third-fastest-growing industry in the region.

Legacy Industries

• Tourism, Manufacturing, and Health remain critical to the economy despite slower growth, contributing significant dollar value to the region.

Case Study: Ryan Aerospace

Gold Coast-based Ryan Aerospace, a leading developer of high-tech flight simulators, demonstrates the city’s innovation-driven growth. The company, which won the 2024 Queensland Premier’s Export Award in Advanced Technologies, recently made major capital investments to enhance supply chain control and productivity.

Positioning for the Future

The report emphasises the Gold Coast’s competitive advantage due to its untapped economic capacity compared to larger cities.

“While cost-of-living pressures are felt nationwide, the Gold Coast mitigates these through diverse employment opportunities and strong business growth,” says Mayor Tate. “It’s no surprise the Gold Coast continues to attract investment, residents, and visitors.”

With its robust growth trajectory, diversified economy, and strategic investments, the Gold Coast is well-positioned to sustain its momentum and redefine itself as a key player on Australia’s economic map.

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Essential Gardening Tools to Start Your Journey

By Liam Jennings

Gardening is a rewarding activity that connects us to nature, promotes physical well-being, and beautifies our surroundings. Whether you’re growing vegetables, flowers, or simply sprucing up your outdoor space, having the right tools is essential to ensure your efforts flourish. Starting your gardening journey can be intimidating, but with the right guidance and equipment, you’ll be on your way to cultivating a thriving garden. Here’s a guide to the essential gardening tools every beginner gardener needs.

1. Gloves

Gardening might look peaceful, but it can be tough on your hands. Thorns, splinters, and soil can cause discomfort or injury. A sturdy pair of gloves is indispensable. Look for gloves that are durable, water-resistant, and breathable. Synthetic leather gloves with reinforced fingertips provide extra protection while remaining flexible for delicate tasks like planting seeds or handling small plants.

2. Hand Trowel

A hand trowel is a small but mighty tool, perfect for planting seeds, digging small holes, or transferring plants into pots. Opt for one with a comfortable grip and a robust blade. Stainless steel or aluminium trowels resist rust and can handle tough soils, making them a long-lasting investment for any gardener.

3. Pruning Shears

Pruning is an integral part of gardening, whether you’re trimming back overgrown shrubs, harvesting herbs, or deadheading flowers. A good pair of pruning shears, also known as secateurs, is necessary for clean cuts that encourage healthy plant growth. Bypass shears, which work like scissors, are ideal for live plants, while anvil-style shears are better for cutting dead branches.

4. Spade

For digging larger holes, edging beds, or turning over soil, a spade is indispensable. Its flat, sharp blade cuts through soil effortlessly, allowing you to shape your garden with precision. Choose a spade with a sturdy handle and a blade made from stainless steel to withstand heavy use.

5. Garden Fork

A garden fork is ideal for breaking up compacted soil, turning compost, or aerating the ground for planting. The strong tines penetrate harder soils that a spade or hoe might struggle with. Garden forks come in various sizes, but a full-sized fork is a versatile choice for most gardening needs.

6. Watering Can or Hose

Water is life for plants, and efficient watering tools are critical. A watering can with a detachable rose (the perforated spout) allows you to water delicate seedlings gently. For larger gardens, a garden hose with an adjustable nozzle provides flexibility, letting you choose from a gentle mist to a strong stream for deeper watering.

7. Rake

A rake is a multi-purpose tool, helping you clear leaves, debris, or weeds from your garden beds and paths. For soil preparation, a metal bow rake can level the surface and remove stones, ensuring a smooth and healthy planting area. Lightweight plastic rakes are better for leaf cleanup.

8. Hoe

Weeding can be one of the most labour-intensive gardening tasks, but a hoe makes it manageable. Hoes come in different shapes and sizes, but for beginners, a basic draw hoe is sufficient for chopping through weeds and cultivating the soil. Keep the blade sharp to make your work easier and more efficient.

9. Wheelbarrow

If you’re planning a larger garden, a wheelbarrow is invaluable for moving soil, mulch, plants, or heavy tools. Choose one with sturdy wheels and a balanced design for easy manoeuvrability. For smaller gardens, a garden cart may be a more compact and practical choice.

10. Garden Kneeler or Pad

Gardening often involves kneeling, which can strain your knees and back. A garden kneeler or pad provides cushioning, making extended periods of weeding or planting more comfortable. Many kneelers double as benches, giving you a versatile seating option for taking breaks.

Additional Tips for Beginners

While having the right tools is essential, taking care of them is equally important. Clean your tools after use to prevent rust and prolong their lifespan. Store them in a dry, safe place, preferably in a shed or toolbox. As you gain experience, you might find other specialised tools, like a soil tester or pest control products, helpful for your specific gardening goals.

Final Thoughts

Starting a garden can feel overwhelming, but with the right tools in your arsenal, you’ll find the process much easier and more enjoyable. Investing in quality equipment ensures that you’re prepared to tackle any gardening challenge, from planting delicate flowers to breaking tough soil. As you build your collection of essential gardening tools and gain confidence in your skills, you’ll discover the true joy of gardening—a timeless activity that brings life, colour, and serenity to any space.

With gloves on and tools in hand, it’s time to dig in and start your gardening journey. Happy gardening!

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Petrol and Hybrid Jeep Avenger Headed for Australia

By Jeff Gibbs

Jeep Australia has confirmed plans to broaden its compact SUV lineup with petrol and hybrid versions of the all-new Avenger, complementing its recently launched fully electric (BEV) model. The move could see more affordable options entering the local market soon.

Speaking at the Avenger EV launch, Stellantis Australia product manager Bridget Thomson hinted at the possibility of additional powertrains. “We’re excited to launch the BEV but wouldn’t rule out future powertrain enhancements,” Thomson said. While declining to confirm specific options, she teased the potential for petrol and hybrid variants, including the mild hybrid and four-wheel-drive 4xe hybrid available in Europe.

Currently priced between $49,990 and $60,990 (before on-road costs), the Avenger EV targets the competitive small SUV segment dominated by the likes of the MG ZS. Introducing petrol and hybrid options could offer more affordable alternatives and boost Jeep’s market share in Australia.

The Avenger’s journey to Australia wasn’t straightforward, requiring significant lobbying to convince former global Jeep CEO Christian Meunier of its suitability for the local market. “It’s smaller than other cars here, which took some convincing, but we knew it would work for Australia,” Thomson revealed.

While no timeline has been set for the introduction of petrol or hybrid Avengers, Thomson noted that such approvals vary widely. However, with small SUVs remaining popular in Australia and EV sales showing signs of slowing, expanding the Avenger lineup could prove a smart strategy.

Jeep’s push to diversify its offerings aligns with recent efforts to expand its powertrain options. “We’ve made a conscious effort to give more people more choice,” Thomson said, citing the Compass (available in hybrid and plug-in hybrid) and the Grand Cherokee (offered in ICE and plug-in hybrid) as examples.

With the addition of petrol and hybrid Avengers, Jeep is poised to attract a broader audience and strengthen its foothold in Australia’s competitive small SUV market.

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