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TWEED HEADS MARKET

MEDIAN PRICE IN TWEED HEADS

The median sales price for houses in Tweed Heads, NSW in the last year was $707,500 based on 68 home sales. Compared to the same period five years ago, the median house sales price for houses increased 20.2%.

INFRASTRUCTURE AND EMPLOYMENT DRIVERS

The city gateway, which recently completed $86 million worth of airside expansion cook to its taxiway and aircraft apron, is now shifting its focus to overhauling the terminal.

It will be expanded to the south and become a three-level structure with provision for aerobridges.

The work, under the airport's Project LIFT expansion plan to cope with ever-growing demand, is expected to start before the end of the year.

Queensland Airports Ltd CEO Chris Mills said half a billion dollars would be invested into the airport precinct Sc the next few years as part of the redevelopment Plans.

The state government has announced a new state-of-the-art hospital for the Tweed at Cudgen.

The half a billion dollar hospital would greatly improve health services for the region, which is forecast see growth by more than 40 per cent to 128,000 people by 2031.

The $534 million investment will bring significant economic benefits creating hundreds of new jobs over the four years of construction, as well as the ongoing employment which will be created through increased beds, medical units and services required to run and maintain a hospital of this size.

Tweed City have announced a $300 million upgrade and expansion. It will incorporate new retailers plus an entertainment and leisure precinct, increasing the centre's floor space by 3000sq m.

Southern Cross University is a progressive, young and connected regional research university, with vibrant campuses in two states.

Southern Cross University's fastest-growing campus is uniquely located at the Gold Coast Airport in southern Queensland, overlooking Kirra Beach.

The Southern Cocos University Gold Coast Campus within the Airport precinct at Bilinga is set to expand, with construction of a multi-million dollar six storey building to come as part of the Gold Coast Airport's Masterplan.

The proposed Building C ease storey building, which will accommodate SCU College Headquarters, a lecture theatre, a learning centre and personalised learning environment space, general purpose learning rooms, offices and presentation areas.

The NSW Government is considering spending half a billion dollars to extend the Gold Coast light rail service 4.5km from Coolangatta to the Tweed City shopping mall.

The announcement, made recently, follows on from Tweed Council's recent announcement to build a bike path over the Murwillumbah section of the old railway corridor, and reinforces the government's determination to focus its public transport resources on high-growth coastal areas.

The project is still in the early planning stages, with the government appointing the consortium currently building the Gold Coast light rail to conduct a $2 million feasibility study on the construction of the line.

The Gold Coast light-rail is expected to take five to seven years to reach Coolangatta, via Gold Coast Airport, using sections the old Gold Coast railway corridor.