Have you heard what is going on in Queensland and the South East….. Brisbane, Gold Coast and Sunshine Coast? We are having a transport infrastructure boom!
There is the new second runway at Brisbane Airport being built which will bring millions of new passengers and $Billions into the economy – as well as the brand new airport at Toowoomba that has just been built to accommodate large international aircraft plus the planned expansion of the little Sunshine Coast Airport! The Gateway Motorway extension and widening to cope with the ever growing traffic trying to get either North or South of the Brisbane River along with the Bruce Highway upgrades to the Sunshine Coast as well as the expansion of many of the roads and interchanges in the Sunshine Coast region. The Gold Coast Light Rail project and its expansion meeting up with the heavy rail train and airports and the new Moreton Bay Rail Link that is due to open at the end of 2016. As I mentioned…. there is a BOOM happening!!
So what does this mean for you the property investor?
When ever we see the building of new airports or runways, train lines, roads, bridges or tunnels – that is a clear sign there is forecast for massive growth of that region.
- more jobs
- more trade
- faster transport corridors
- more development
- and many more benefits to the economy
All this means great returns for your investment property and a good solid portfolio that is going to continue producing for the long term. Do your research or talk to professionals and most of all take action and don’t over micromanage the investment process – look at all the big macro and purchase, as these people are the one that make the largest returns.
For more information on planned transport infrastructure in your area contact us on email@example.com
It’s Queensland’s metropolitan jewel and has hopes of soon stepping onto the international stage as Brisbane – Australia’s next ‘World City’
There are a number of development projects announced or underway in Brisbane that are projected to be up and running by 2022, each bringing its own unique quality to the city.
Below are some featured projects that will help make Brisbane – Australia’s next ‘World City’
Queen’s Wharf Brisbane is set to attract new visitors and investment as it reconnects the activity of Brisbane’s defining parts of the city like the Botanic Gardens, the Queen Street Mall, the Cultural Precinct, South Bank, the Parliamentary Precinct and the Brisbane River.
It is being delivered by Star Entertainment Group , Far East Consortium (Australia) and Chow Tai Fook Enterprises in order to facilitate the planning and delivery of the Queen’s Wharf Brisbane Integrated Resort Development, and is expected to create more than 2000 construction jobs and 8000 ongoing employment opportunities when the Integrated Resort Development is operational in 2022.
Queen’s Wharf will include:
- Five new hotels– including premium brands like the Ritz-Carlton
- Three residential towers
- A new department store
- About 50 food and beverage outlets
- A riverfront moonlight cinema
- A Queensland Hotel and Hospitality School in partnership with TAFE Queensland.
The development is expected to deliver $1.69 billion annual increase in tourism and 1.39 million additional tourists per annum, along with $4 billion to the Gross State Product.
Owned by Economic Development Queensland (EDQ), Northshore Hamilton is Brisbane’s largest urban renewal precinct, spanning 304 hectares and will have an important role to play in helping the city position itself for the future.
In the next 20 years, Northshore’s primarily industrial area will be transformed into a $5 billion vibrant riverside precinct. It will cater for 15,000 residents and become an employment hub for an additional 15,000 workers in retail precincts and office parks.
Northshore will include 2.5km of dedicated riverfront, with a mixture of parkland and community space. These spaces will complement the combination of residential, retail and commercial opportunities on site.
The initial works on this project have included 700 apartments across five towers and also include retail and commercial space.
Brisbane Airport Redevelopment
Brisbane Airport Australia is currently on the way to delivering the country’s best runway system with the $3.8 billion New Parallel Runway Project (NPR) for Brisbane Airport. While the airport has about 100 other projects in the works for the next 10 years, this NPR is considered the biggest aviation project in Australia.
Building the NPR will involve utilising 360 hectares of marshland by pumping 11 million cubic metres of sand onto the site. Over time and with the help of 330,000 wick drains funnelling the water to the surface, the weight of the sand will create a solid base for construction on the runway.
Brisbane Airport’s new runway is currently under construction.
The runway’s pavement will be 3.3km long, 60m wide and will have 12km of taxiways. It will create 2700 construction jobs to complete by 2020.
Howard Smith Wharves
The Howard Smith Wharves project covers a 3.43 hectare riverside precinct that will connect the New Farm Riverwalk and the CBD and revitalise Petrie Bight
The project is intent on respecting the area’s heritage and will incorporate the heritage-listed buildings into the redevelopment. The new parkland will also enable a pedestrian and cycle connection through the site to link the city centre with Riverwalk at New Farm.
Events such as cultural and food festivals will be hosted at the exhibition complex, which will include restaurants and bars.
The Howard Smith Wharves project’s key features include:
- A dining, retail and tourism centre utilising the existing heritage-listed buildings
- New public open spaces that may be used for markets and festivals
- A 64-room, five-star Art Series boutique hotel
- A hotel facade that blends into the cliff face with natural tones and textures to keep the iconic Story Bridge as the main focus
- Underground carpark for about 350 vehicles
- A 1500sqm exhibition space.
Located at 300 George Street and developed by Taiwan’s Shayher Group, Brisbane Quarter is the city’s first integrated, world-class mixed use precinct.
Brisbane Quarter encompasses a complete city block with Brisbane River views and will include Australia’s first purpose-built W Hotel, two levels of riverside dinning and luxury retail shopping beneath a 40 storey Prime Grade office tower, as well as an 82 storey luxury residential apartment building.
Tenants of the hotel will have direct access to Brisbane Quarter’s food and beverage precinct with alfresco dining overlooking the Brisbane River, some of Brisbane’s most exciting bars and restaurants, spa facilities and a rooftop park land.
The retail portion of Brisbane Quarter will likely attract international and interstate visitors and become a high-profile location opportunity for locals looking for a signature destination.
While still in its early stages, the Brisbane Metro Subway system was a commitment by Brisbane City council to provide a reliable high-frequency transport system that will reduce CBD bus congestion, cut travel times and allow for the redirection of busses to improve services in the suburbs.
Brisbane Metro would run on a dedicated route linking Woolloongabba to Herston, utilising sections of the South East and Inner Northern Busways, and would remove up to 200 busses per hour in the morning peak from the Victoria Bridge.
When complete, the metro would be able to carry up to 30,000 passengers per hour and will run every two minutes, providing seven kilometres of safe, reliable, smooth and quick travel from Herston to Woolloongabba.
Brisbane Live is Australia’s response to New York’s Madison Square Garden in New York City, as a 17,000 seat world class arena which will showcase international superstar concerts and performances as well as world sporting events.
The complex will be built above Roma street rail lines and would make use of public transport facilities making it accessible to everyone in Brisbane.
Brisbane Live’s master-plan, which belongs to AEG-Ogden, a subsidiary company of AEG and the world’s largest entertainment venue operator, revealed that it will feature a sliding front wall that opens to reveal live acts on stage, and the $450 million arena will also include a 4000-capacity rock club and be surrounded by multiplex cinemas, restaurants and bars, and a giant screen and amphitheatre catering for around 15,000 people.
Content Sourced from The Urban Developer.
For further information on any of these developments or Brisbane – Australia’s next ‘World City’ drop us an email on firstname.lastname@example.org