Anyone who owns Gold Coast property could be happy to hear about the significant growth in local business profits, which exceeded $35 million over the last year since the commencement of the council's 'Buy Local' policy in February 2013.
This could potentially encourage more businesses to shift to the Gold Coast, resulting in a stronger economy for the region.
Mayor Tom Tate said the introduction of the policy was aimed at giving community businesses more opportunities to supply their product and earn a healthy profit for themselves in the long run.
"Figures show that when the policy commenced in February 2013, around 53 per cent of our procurement spend was with suppliers on the Gold Coast. A year later, this figure is now sitting at around 63 per cent," said Mr Tate in a March 10 statement.
"We envisage this to grow even further over the next 12 months. It's tangible proof we are seriously committed to supporting local businesses through this policy."
This could be encouraging for anyone considering residential property in the Gold Coast, with the levels of local community support helping to appeal to people across the local area.