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Filed Under: BUSINESS, INVEST, LIVE, PROJECTS Tagged With: Australia, City of Gold Coast, Economic Development Queensland, Economic outlook, economy, Gold Coast, work and study

Australia’s fastest growing economy

New buildings under development at the Gold Coast Health and Knowledge Precinct

Gold Coast, Australia's fastest growing economy

The Gold Coast is Australia’s sixth largest city and fastest growing economy. It is a hub of opportunity, transforming into a global destination and home to more than 666,000 people.

Strategically located on the edge of the Asia-Pacific rim, with access to two international airports, the Gold Coast is perfectly positioned as a destination for business, investment, study, research, sport, events, tourism and lifestyle.

With a robust economy valued at $45.38 billion, and an ambitious strategy that encourages innovation and sustainable growth, the Gold Coast’s future is full of promise.

The City of Gold Coast’s Gold Coast Economic Report 2024, released earlier this week, shows that Gold Coast is Australia’s fastest growing economy post-COVID, and is outperforming expectations.

The report shows that Gold Coast’s sustained growth is higher than other benchmark economies such as greater Perth, greater Brisbane, greater Adelaide, ACT, Australia, Queensland, greater Sydney, and greater Melbourne.

Moreover, in year ending June 2023, GRP growth, GRP per capita, growth in tertiary qualifications, and job-to-worker ratio have exceeded projections.

Gold Coast is the place to be for businesses, with the Gold Coast forecasted to experience high medium-term growth and to outperform Brisbane, Sydney and Melbourne. The technology sector is also expected to grow by almost 40% by 2028.

Need more reasons to do business on the Gold Coast?

Top 10 reasons to do business on the Gold Coast

1. Australia’s fastest growing economy
Post-pandemic, the Gold Coast Economy has experienced an average annual growth of 5.5%, ahead of Brisbane (4.5%) and Sydney and Melbourne (both 2.5%)

2. Fast-growing knowledge economy
The value of our knowledge sector is growing 10% faster than the Australian average.

3. Entrepreneurial culture
5,000 new knowledge economy businesses were added in FY2021-22.

4. Low unemployment
The Gold Coast is tracking about 1% below the Australian average.

5. Education options
Home to three universities and some of Queensland’s best secondary schools.

6. Transport
Serviced by two international airports—Brisbane and Gold Coast—and Queensland’s first light rail system.

7. A tourism destination
In 2023, the Gold Coast welcomed more than 12.2 million visitors, generating $7.8 billion in visitor expenditure.

8. Natural beauty
The city boasts 52km of coastline and 100,000ha of nature reserves, world heritage sites and substantial rainforest (as well as more waterways than Venice!)

9. Perfect climate
The Gold Coast averages 10 hours of sunshine a day on almost 300 days per year.

10. Great dining and arts scene
The Gold Coast has a year-round calendar of cultural events, live performances and gallery exhibitions and is home to 24 Australian Good Food Guide-hatted restaurants.

Read on
  • City of Gold Coast’s Gold Coast Economic Report 2024
Artist impression of the Gold Coast Health and Knowledge Precinct when complete

October 15, 2024 By Gemma Bull

Filed Under: PROJECTS, TECHNOLOGY Tagged With: BioSpine, Claudio Pizzolato, Cohort, Dinesh Palipana, Gold Coast, Griffith University, health innovation, innovation, LuminaX, Medtech

BioSpine wins coveted fan favourite award

Dr Claudio Pizzolato delivered a compelling pitch at the LuminaX Demo Night

Healthtech start-up Biospine, based in Gold Coast Health and Knowledge Precinct-based, took out the fan favourite award at this year’s LuminaX Demo night, with an innovative pitch delivered by Dr Claudio Pizzolato, co-investigating lead of BioSpine.

The event marked the cumulation of the 14-week Lumina HealthTech Accelerator Program, where BioSpine and ten other passionate healthtech startups received mentoring and coaching by some of Queensland and the Gold Coast’s leading business identities.

Read on
  • Find out more about Project BioSpine and their journey with the LuminaX program
  • Watch: Dr Claudio Pizzolato deliver the pitch that took out the fan favourite award at the LuminaX demo night
  • Check out the BioSpine video to see the tech in action.
  • Visit the LX Health website to find out more about the LuminaX Accelerator Program and see how you can be part of next year’s program

September 5, 2024 By Gemma Bull

Filed Under: PROJECTS, TECHNOLOGY Tagged With: BiVACOR, Cohort, Daniel Timms, Gold Coast, Griffith Mechanobiology Lab, Griffith University, health innovation, healthtech, innovation, medical breakthrough, Medtech

A beating heart marks medical breakthrough

The surgical team behind BiVACORs first total artificial heart implant

On 9 July 2024, the BiVACOR team and the Texas Heart Institute celebrated the successful implantation of a total artificial heart, marking a new era in cardiac care and offering hope to thousands of patients awaiting heart transplants. The heart successfully kept the patient alive for 8 days, before it was removed and replaced by a donor heart, in keeping with the Early Feasibility Study requirements.

The trial has been decades in the making, and marks an important turning point in the development and testing of the BiVACOR total artificial heart.

BiVACOR’s international headquarters are based in the Gold Coast Health and Knowledge Precinct, where the BiVACOR team work alongside leading collaborators at the Griffith University mechanobiology lab.

Read on
  • Find out more about BiVACORs medical breakthrough with the successful total artificial heart transplant
  • Watch: US-Based artificial heart company sets up international headquarters on the Gold Coast
The BiVACOR heart

September 3, 2024 By Gemma Bull

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Recent Posts

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Latest News

Healthtech Summit celebrates a future of personalised medicine, AI and hope image

Healthtech Summit celebrates a future of personalised medicine, AI and hope

Read More >

From Research to Reality: GCHKP Talent Leads the LuminaX 2025 Cohort image

From Research to Reality: GCHKP Talent Leads the LuminaX 2025 Cohort

Read More >

A New Era of Health and Tech Innovation: HATRIC to Transform the Gold Coast image

A New Era of Health and Tech Innovation: HATRIC to Transform the Gold Coast

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Clinician Entrepreneurship Program wraps as a big success image

Clinician Entrepreneurship Program wraps as a big success

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2025 International Women's Day image

2025 International Women's Day

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International Women's Day event 2025 image

International Women's Day event 2025

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