‘Bright outlook’ for Coast

Poll shows business upbeat over economy but fears over light-rail extension linger

THE change in seasons has put a spring in the step of Gold Coast business leaders who are feeling bullish about the performance of the Gold Coast economy in the next quarter.

With the onset of warmer weather, and with it an increase in tourism numbers, the Gold Coast business community is brimming with positivity, a poll has revealed.

The August Griffith University- Gold Coast Bulletin business confidence index poll showed highly positive levels regarding the local economy over the next three months totalled 72 per cent, up 22 per cent since May.

The poll also revealed a 26 per cent rise in those expecting increased turnover in the next three months.

There also was good news on employment, with a 10 per cent increase in those looking at hiring, while 63 per cent said they would maintain staff levels.

Griffith University pro vicechancellor, business, Professor Michael Powell, said optimistic attitudes on issues likely to affect business also emerged, although there was a degree of frustration with the light rail.

“A substantial majority of Gold Coast businesses are worried about government procrastination over the extension of the light rail,” Prof Powell said.

“When asked how they felt about the likelihood of the sec- ond stage not being finalised before the Commonwealth Games in light of political indecision, 76 per cent were negative and highly negative.

“Clearly the small-business sector on the Coast sees the light-rail extension as being vital to the success of the Commonwealth Games and the commercial gains this project will produce for the city.

“It is up to all levels of government to work effectively together and to do more than just talk when decisive action is needed, particularly when the state economy desperately needs greater infrastructure spending.”

A majority of respondents were positive about the State Government’s green light for a new ASF Consortium resort and casino project on The Spit – without a cruise ship terminal. Fifty-seven per cent said they supported the new proposal and 43 per cent were opposed.

“Clearly there are mixed views on whether the project should proceed at all, whether the Coast needs another casino, whether it needs to be on The Spit and whether the project is worthwhile without a cruise ship terminal,” Prof Powell said.

Fifty-four per cent of respondents were also positive about possible changes to penalty rates, which would incorporate a two-tier system, safeguarding frontline staff.