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April 4 Finance
Gold coast divided over state of the economy
The economic and financial state of the people of the Gold Coast seems to be in a bit of conflict depending on who you speak to and what market you look at.
With many a business having closed down, the general consensus is however the economy is back on the rise. However, the actual financial capabilities and buying powers of people is where the real diversity in opinion begins.
For starters it is reported there has been a surge in house sales in areas of the Gold Coast such as, Sovereign Islands and Ephraim Island. Pushing Paradise Point into third spot on a Queensland hot property list.
Smart Investor Magazine has rated many of the more prestigious or desired areas of the Gold Coast as better performers for sales and house price rises. With the highend properties starting to move last year.
Yet on the same token of spending money on expensive things, even our council contenders are finding things a little tighter than normal.
Some of them represent the most prestigious areas and yet state they feel bad asking for donations of even $100 from the constituents for their campaigning.
Many of the candidates for council, including mayoral position, have made comment on how the economy has landed them with the little funding they have themselves for their campaigning.
And with the exception of a few, so far campaigning material being sent to voters on an individual level in paper format seems almost non existent.
Then we have the latest figures released from the Federal Insolvency Agency showing the Gold Coast and Tweed economies are still in a very beaten state.
Having listed more than 1900 were declared bunkrupt in 2010-11 financial year and more than 1707 of them were personal bankruptcies throughout the 25 postcodes of the Gold Coast.
But then the Gold Coast has only attributed about 20 percent of Queensland’s entire 8483 personal bankruptcy listings for last financial year.
Which when considering it is the second largest city by population in the state that isn’t really as bad as it sounds.
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Gold coast divided over state of the economy
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Gold coast divided over state of the economy, General consensus is the economy is back on the rise, with many a business having closed down,
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