The Top 20 Places to Invest

The Top 20 Places to Invest

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Top 20 places to invest in Australia

Australia’s investment hot spots have been revealed, with factors including infrastructure spending, average rental yields, population growth, house prices and lifestyle helping decide where the money is going.

Queensland took the top two spots in the top 20 with Woolloongabba first, thanks to its location near the new Olympic stadium, and the Gold Coast’s top lifestyle choice Burleigh Heads in second.

But while the sunshine state topped the list, NSW dominated the top 20, and Victoria claimed three spots in the top 10.

ME Bank commissioned the research from Ethos Urban, which showed new transport infrastructure is playing a significant role in creating investment opportunities.


Rank Location Rank Location
1 Woolloongabba, Qld 11 Yanchep, WA
2 Burleigh Heads, Qld 12 Waterloo, NSW
3 Five Dock, NSW 13 Coffs Harbour, NSW
4 North Melbourne, Vic 14 North Sydney, NSW
5 Rozelle, NSW 15 Pyrmont, NSW
6 Ellenbrook WA 16 Claremont, WA
7 Parramatta, NSW 17 Mermaid Beach, Qld
8 Crows Nest, NSW 18 Miami, Qld
9 Preston, Vic 19 Concord, NSW
10 South Melbourne, Vic 20 Fairfield, Qld

^Source: ME Bank, Ethos Urban

Ethos Urban consulting demographer Chris McNeil said transport, attractiveness for renters, the town centre and potential for new developments weighed heavily in the criteria.

 

“Woolloongabba, for example, is already serviced by two train stations, and the new Cross City Rail Project will provide a line running directly under the suburb, increasing connectivity and changing the way people use the area,” he said.

 

“This will only be bolstered in the coming years as Brisbane prepares its infrastructure for the 2032 Olympics.

 

“Add to this the exciting atmosphere in Logan Street, its rapid population growth and steady house price growth, and it does offer a unique opportunity for those looking to invest in the residential property market.”

ME’s list of best places to invest captured all levels of investment, from apartment-focused buying in Five Dock, South Melbourne or Claremont to larger freestanding home opportunities in up-and-coming suburbs such as Yanchep and Preston.

 

Metro connections and price growth were the biggest drivers of investment in NSW, while Victoria added on the eclectic atmosphere of places such as North Melbourne.

 

In Western Australia, the wine country and beaches made suitable investments, particularly in Ellenbrook with its masterplan estate, and Yanchep gained traction from a rail extension.

 

While residential property prices are expected to increase 25 per cent for houses and 14 per cent this year, they are about to moderate.

The latest prediction for property prices shows houses will increase 6 per cent next year before dropping by 11 per cent while units will almost hold steady with an increase by 9 per cent and drop by 7 per cent in 2023.

This should improve the yields across the country with rent growth unable to keep up with prices, despite increasing up to 10 per cent in some cities.

 

 

Author. 

https://www.theurbandeveloper.com/articles/top-20-places-to-invest-in-australia 

2020 Brisbane Hot Spot!

2020 Brisbane Hot Spot!

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The growth in Brisbane is looking extremely positive. There is lots of new attractions coming to Brisbane. There are also lots of new plans for transport and infrastructure.

Properties in the Brisbane about 5 – 7 km to the Brisbane CBD have grown strongly in value. The economy in Brisbane is being supported by a lot of new infrastructure and attractions to Brisbane.

Currently property prices are $437,000 cheaper than Sydney and $260,000 cheaper than Melbourne.

This level of affordability coupled with positive economic signs means Brisbane is primed for future growth.

Within Brisbane, southern migrants and local upgraders are favouring premium property in blue chip inner ring areas close to the CBD and or the river.

In November 2019 SQM Research forecasts that Brisbane house prices will increase by around 6% in 2020.

A good example of this is Brisbane, which is currently experiencing a surge in population growth as people relocate for the laid-back lifestyle and relatively affordable housing.

Overall most analysts agree with their forecasts for the Brisbane property market in 2019 – and expect slow and steady growth. The modest growth is partly down to the oversupply in apartments. QBE expects this to continue until at least 2021 when this stock has been absorbed by the market.

The biggest gains are expected for houses, with QBE forecasting the Brisbane median house price to record cumulative growth of 11% by June 2021 and reach $615,000.

Like Melbourne, Brisbane’s outer ring suburbs are where the strongest growth (+2.9%) is expected to occur over the short term. This is in contrast to the CBD (-2.9%) and middle ring (-0.8%) where unit oversupply is a factor.

Another suburb to watch is Chermside, some 9 km north of the city centre, where good transport links, local amenities, a 5.0% rental yield and a median house price of $615,000 make it worth investigating. Could it be one of the best suburbs in Brisbane?

Brisbane Takes Out Top Spot As Australia’s Most Liveable City

Brisbane Takes Out Top Spot As Australia’s Most Liveable City

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Brisbane has proven to be the most affordable and liveable capital city, according to new research.

Brisbane

Each state and city has been analysed to find the most affordable suburbs. To measure the affordability the factors considered where location (within a 20km radius from the CBD), price growth, rental yields and project development.

Suburbs also ticked important liveability boxes, being within 5km of amenities like schools, parks, shops and health care facilities, low crime rate, and a lower than average unemployment rate.

Brisbane had the lowest entry price and highest rental yield compared to Sydney which had the highest entry price yet the lowest rental yield.
Brisbane

Brisbane

Brisbane’s Algester was the standout suburb for both houses and units with the lowest entry price and highest rental yield as well as proximity to supermarkets, parkland, public schools, a medical centre and the motorway.

Brisbane

Sydney’s median house prices experienced a gentle growth of 0.8 per cent, while units softened by -2.4 per cent from 2016 to the first quarter 2018.

In Milperra, south-west of Sydney’s CBD, homeowners benefit from nearby shopping centres, schools, golf courses, the Western Sydney University and public transport.

Sydney’s unit market is benefiting from increased unit supply with suburbs such as Dee Why becoming highly active, recording 630 sales over the last 15 months and a solid price growth of 10.3 per cent.

Brisbane

In Melbourne, the median house price experienced a 1.3 per cent growth and median unit prices grew by 7.9 per cent from 2016 to the first quarter 2018.

Northwestern suburbs Westmeadows, Tullamarine and Gladstone Park were standouts as the city’s most liveable affordable areas for houses.

Westmeadows, Pascoe Vale, and St Kilda East lead in unit affordability and liveability, with low vacancy rates, proximity to transport arterials and public transport access the primary drivers.

“It is no longer realistic to simply report on affordable suburbs, but to include those that have high ‘liveable’ factors,” the report stated. “Liveability is gaining traction among home buyers and does attract a cost. This latest release provides insights into the cost of liveability and how much home buyers need to be prepared to pay to have this requirement met in their purchase.”

We currently hold stock in many areas of Australia and with Brisbane being Australia’s most liveable city our Brisbane, Gold and Sunshine Coast stock are definitely the pick of the bunch. Most of our properties have great predicted rental yields and are close to all the beauty that the West Coast has to offer. To view our current stock check them out HERE. Any questions feel free to contact us at the office at any time!

Source: The Urban Developer

Iconic Queensland Pub the Normanby Hotel Up for Sale

Iconic Queensland Pub the Normanby Hotel Up for Sale

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Normanby

One of Brisbane’s iconic pubs, The Normanby Hotel, has hit the market for the first time in nearly twenty years with price expectations north of $20 million.

Located at the high profile Normanby Fiveways in inner-Brisbane’s Red Hill it has been co-owned by Michael Dempsey and Otto Wilhelm since 1999.

Built in 1890, the heritage-listed hotel consists of an enormous 3,655 square metre site incorporating the multi-level heritage listed pub and a huge car park. It was added to the Queensland Heritage Register in 1992.

Dempsey said he was selling the hotel in order to concentrate on his core business of property technology through real estate property management software, Console. He sold his electronics payments business Ezidebit for $305 million in 2014.

The Normanby Hotel freehold and pub operation is being offered for sale by CBRE Hotels. “The hotel boasts huge underlying value with 35 gaming machines on site offering significant gaming upside potential,” CBRE Hotels’ Queensland director Paul Fraser said. “On top of this, the prime location of the hotel and the huge expanse of land this asset offers makes it an obvious development play in the future.”

In 2016, a proposal by The Normanby Hotel to build a 15-storey development and underground nightclub next to the hotel was rejected by Brisbane City Council’s City Planning Committee. The building, which would have contained 14 units, a hotel, short-term accommodation, a nightclub and a shop, was planned to be built on the Normanby Hotel’s car park. The committee voted unanimously in favour of opposing the plans on the basis of the height and size of the proposed hotel tower.

Normanby Morton Bay Fig

The Normanby Hotel also used to house one of Brisbane’s most well-known trees, a 100-year-old fig tree, that had to be removed from the site in 2016 after a severe storm knocked it over.

Iconic Queensland Pub the Normanby Hotel Up for Sale

Fast Rail from Brisbane to Sunshine Coast Could Become a Reality

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fast rail

The Federal Government is evaluating a fast rail project that could connect Brisbane and the Sunshine Coast in as little as 45 minutes.

A consortium of planners has developed the confidential plan according to The Courier-Mail. The plan, North Coast Connect, would be the first rail link between Brisbane and Maroochydore. It would create 200km of fast rail saving about two hours’ travel time on a return trip.

The project has been submitted by Stockland, Smec, Urbis and KPMG, and reportedly has the backing of 26 Queensland federal parliamentarians, who are demanding the Prime Minister give Queensland a majority slice of $10 billion set aside under its National Rail Program.

It is understood the project has been short-listed by the Government. Member for Fairfax Ted O’Brien, who has been driving the project on behalf of the LNP, said that the “Team Queensland” parliamentarians “are going after this one hard”.

fast rail

“With $10 billion available from the Turnbull Government, we need to be advocating for billions, not millions,’’ O’Brien said. “Fast rail means people can live, work and play where they want, without the stress of excessive commuting times. It will expand job and study options, enable more lifestyle choice and build an economically strong and user-friendly southeast corner. If we can get fast rail, as opposed to standard 100-year-old rail, we’ll see people wake up in Nambour at 7 o’clock and be at their desk in Brisbane by 8 o’clock.”

O’Brien said the project could cost anywhere between $3-$5 billion, and would have the potential to create thousands of jobs, relieve pressure on the Bruce Highway and revitalise Nambour.

Stage 1 would include an upgrade of the existing line from Brisbane to Beerburrum. Stage 2 from Beerburrum to Nambour would entail new rail and upgrades of existing rail, and Stage 3 from Beerwah to Maroochydore would include a 40km spur line branching off the North Coast Line.

North Coast Connect is the only Queensland fast rail project to be short-listed along with 10 others vying for three business cases that the Commonwealth will consider funding.

Source: The Urban Developer

Brisbane’s Cruise Ship Terminal Gets Green Light

Brisbane’s Cruise Ship Terminal Gets Green Light

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Brisbane Cruise Ship Terminal

Brisbane will have a new cruise ship terminal at the mouth of the Brisbane River – capable of taking the largest cruise ships in the world by late 2019 after it was given the green light in November. The long-awaited project by the Port of Brisbane has been given the final go-ahead, with site preparation already underway and the construction of the wharf due to start mid year and work on building the terminal will begin in November.

The new terminal to be built at Luggage Point was immediately hailed as the “new frontier” for cruise ship tourism in Queensland by Treasurer Curtis Pitt.
“This is going to help ports right up and down the coast and cruise shipping is the next frontier in terms of tourism,” Mr Pitt said.

More than 320 cruise ships berthed in Brisbane in 2016 and the industry is tipped to be a major growth centre as Queensland’s international tourism figures increase.
After almost 18 months of negotiations, Premier Annastacia Palaszczuk, Treasurer Curtis Pitt and Tourism Minister Kate Jones travelled to the Port of Brisbane to formally announce the Queensland government had given the $158 million project approval to start.

“We are going to see a doubling in the number of cruise ships coming into Queensland,” Ms Palaszczuk said. “This is a great story for the Queensland economy, but it is also a great sign of the government being able to work with the private sector,” she said. During construction 245 jobs will be created and a smaller number of people will be employed to operate the new cruise ship terminal. Tourism Minister Kate Jones said planners predicted 275,000 tourists would disembark each year after the terminal was completed.

The tourism industry has been calling for a dedicated cruise ship terminal, after decades of complaints about temporary facilities. The world’s biggest liners cannot berth at Hamilton Portside and have to anchor down river as they are too big to fit under the Gateway Bridge.

The $158 million project was one of the “market-led proposals”(MLP) submitted to the Palaszczuk Government. “A dedicated, purpose-built cruise ship terminal will boost our international reputation as a global tourism destination of choice,” Premier Annastacia Palaszczuk said.

Brisbane Cruise Ship

Tourism Minister Kate Jones said the terminal would open in 2020, about the same time as Brisbane Airport’s second runway, and with the Queens Wharf casino development well underway. “Queensland in the last 12 months had more cruise ships than any other state in Australia,” she said. “To to have this investment in the first mega cruise ship terminal for Brisbane I believe will be a game changer for the Queensland tourism industry going into the future”.

Daniel Gschwind from the Queensland Tourism Industry Council said many people would be relieved the terminal was finally happening. “We will in the next few years see a presentable access point to Brisbane for cruise passengers,” he said. “The main issue is that apart from the smaller ships that can access Portside Wharf we have simply no place to put them other than the commercials wharves which is anything but a pleasant experience for most visitors.

“Australia has an opportunity to tap into that cruise market.” Mr Gschwind said the Luggage Point site was ideal because it was close to Brisbane Airport and other infrastructure. “They have great infrastructure to support that and it will be great for the cruise companies to use Brisbane and a hop-on and hop-off point.”

Source: ABC

7 Major Projects Add $12 Billion To Brisbane’s Economy

7 Major Projects Add $12 Billion To Brisbane’s Economy

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A wave of major development and infrastructure projects coupled with an improving economic outlook in Brisbane promises to create increasing employment, tourism and commercial real estate opportunities in Queensland’s capital.

Brisbane

Since the global financial crisis, Brisbane’s commercial real estate market has been in a state of healing and, according to a new report, there are brighter days ahead.
Commercial real estate services firm Cushman and Wakefield have forecast that the greater Brisbane economy will grow by 16 per cent over the next half-decade.

National head of research and co-author of the report Dominic Brown said that despite some stormy weather since the GFC, in 2018 and beyond a wave of major development and infrastructure have the potential to entirely alter Brisbane’s CBD. Specifically, seven major projects totalling $12.4 billion, have been identified in the report, Brisbane 2021.

Projects approved and under construction are the Edward St revitalisation, Howard Smith Wharves redevelopment, the Brisbane Quarter, Queen’s Wharf casino precinct and the Cross-River Rail. The Brisbane Metro transport system and Brisbane Live entertainment precinct are yet to be approved.

At the industry sector level, four of the top five industry sectors are forecast to show stronger growth, especially for IMT and professional services.Jobs are also expected to increase in the CBD and fringe markets, with an estimated 65,000 jobs over the next decade.

Brisbane is also expected to benefit from a 70% increase in international tourist visitor nights in the next decade, leading to over 105 million visitor nights in 2026-27.

Brisbane

Brisbane’s Major 7

Proposed development and infrastructure projects targeting Brisbane CBD over the next 10 years are valued at over $12.4 billion, part of over $20 billion in projects across the city. “Together they will help deliver the Council’s vision of establishing Brisbane as a ‘new world city’,” Brown said.

Queens Wharf

At $3 billion the project will deliver over 1,000 hotel rooms across five hotels, a residential precinct of 2,000 units, a 100 metre sky deck, 50 bars and restaurants and a pedestrian bridge connection to Southbank.

Brisbane

Edward Street Vision

Due in 2018 and valued at $11.4 million, this Brisbane City Council led project covers the entire length of the street with the retail strip bookended by “green gateways”. The initiative is to cement the precinct as a world class retail environment characterised by a broad, tree-lined boulevard.

Brisbane

Howard Smith Wharves

Due in 2018 and valued at $110 million, the redevelopment of this 3.4 hectare site will include a 5-star “Art Series” hotel, exhibition space, restaurants and a new riverside parkland.

Brisbane

Cross River Rail

By 2036, forecasts expect 90,000 people travelling to work each day in the morning peak hours, so the $5.4 billion project will deliver a 10.2 kilometre rail link from Dutton Park to Bowen Hills, with 5.9 kilometres of tunnel under the Brisbane River and CBD, connecting to both northern and southern rail networks in and out of the CBD.

Brisbane Quarter

This will be Brisbane CBD’s first integrated, mixed-use precinct incorporating office, retail, hotel and residential uses. Valued at $1 billion, it will include Australia’s first purpose-built W Hotel, two-storeys of retail beneath a 40-storey office tower and an 82-storey residential tower, due in 2019.

Brisbane

Brisbane Metro

Still under the approval and funding processes, this $944 million development initiative proposes a high frequency, high capacity public transport system along a 21km route servicing 18 stations.

Brisbane

Brisbane Live

Approval is yet to be received for the $2 billion development of an entertainment precinct located on top of the Roma Street rail interchange hub. Facilities include a $450 million, 17,000-seat arena along with multiplex cinemas, an amphitheatre and proposed commercial, residential and hotel towers.

Brisbane

Brisbane’s commercial real estate markets have languished over recent years as the negative impacts from the end of the resources boom rolled through the economy. Brown is confident the worst is now over and Brisbane has a bright future ahead.

“As we have seen in other cities, these projects should reinvigorate the Brisbane market and provide opportunities going forward. Within the CBD there could be opportunities to expand the city’s retail offering beyond its core in Queen Street mall along with redevelopment and repositioning opportunities for assets along Mary, Charlotte and George Streets.

Outside of the CBD, rapid transport projects are likely to make suburbs along the routes viable locations for future mixed use development projects as they become more sought after residential locations.”

Investment into Brisbane commercial property during the third quarter continued to strengthen, rising 35 per cent to $4.1 billion. This was driven by $1.9 billion in investment into the office sector reflecting more than 100 per cent increase over the June quarter.

Thanks to the Urban Developer for this awesome insight into Brisbane’s future!

Iconic Queensland Pub the Normanby Hotel Up for Sale

Brisbane Property Values on The Rise!

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While the general price growth for the greater Brisbane property market has been steady for most suburbs, there are some which have well and truly over performed.

Some in demand suburbs in the greater Brisbane area chalked up massive median price increases and “earned’’ more than a typical worker during the past year, which according to the Australian Bureau of Statistics is $78,832 per annum.

23 suburbs in greater Brisbane achieved median house price growth of more than the above figures in the past year.

Brisbane Property Teneriffe

Inner city Teneriffe and its neighbour New Farm topped the list. Teneriffe’s median house price leapt from $1.47 million in 2015 to $1.9 million last year – a difference of $430,000. New Farm also performed well with its median house price jumping by $316,000 to $1.675 million.

Inner city suburbs were not the only ones to achieve such strong growth during the year. In the outer suburbs south of Brisbane, Robertson “earned” well above the average yearly wage last year with its median house price up by $227,000.

SUBURBS THAT EARNT MORE THEN THE AVERAGE WORKER

Suburb Median 2016 – Suburb Median 2015 – Difference

Teneriffe:                2016 –  $1,900,000          2015 – $1,470,000          Difference – $430,000

New Farm:              2016 – $1,675,000           2015 – $1,358,750           Difference – $316,250

Milton:                     2016 –  $951,000              2015 – $695,500             Difference – $255,500

Robertson:              2016 –  $1,077,000           2015 – $850,000            Difference –  $227,000

Wilston:                   2016 –  $1,100,000           2015 – $901,250             Difference – $198,750

Chandler:                2016 –  $1,310,500           2015 – $1,112,500          Difference – $198,000

South Brisbane:     2016 – $1,416,200           2015 – $1,220,000          Difference – $196,200

Anstead:                   2016 –  $835,000            2015 – $650,000              Difference – $185,000

Yeerongpilly:          2016 –  $675,000             2015 – $545,000              Difference – $130,000

Hawthorne:             2016 – $1,222,500           2015 – $1,095,000          Difference – $127,500

So as you can see Queensland’s capital city is still a great place to be spending your investment dollars, as well as 100km’s both North and South of Brisbane taking in lifestyle properties in the Sunshine and Gold Coasts. These markets will find you spending far less on your property purchases and still achieving over 6% rental yields.

Brisbane Property Harmony  Brisbane Property Aura

With more and more land becoming available in developments such as Harmony and Aura “The City of Colour” on the Sunshine Coast – there is definitely a huge buzz around investing.

Here at Blue Wave Property Strategies we work in with developers from all over Queensland with a wide variety of property investments from the Sunshine Coast down to the Gold Coast and can source quality builds all over Australia to suit our clients needs.

Get in touch with us now to have a chat about your future investing and helping you ride the wave to wealth through property! Email us HERE or call Chris direct on 0434 449 455

Thanks to realestate.com for the stats

 

Brisbane – Australia’s next ‘World City’

Brisbane – Australia’s next ‘World City’

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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 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.

Northshore Hamilton

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.

Screen Shot 2016-08-24 at 11.47.20 AM

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 - Australia's next 'World City'

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.

Brisbane - Australia's next 'World City'

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.

 Brisbane Quarter

Brisbane - Australia's next 'World City'

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.

Brisbane Metro

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 - Australia's next 'World City'

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

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 - Australia's next 'World City'

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 info@bluewaveproperty.com.au

Iconic Queensland Pub the Normanby Hotel Up for Sale

Step 3 Buying an Investment Property

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Hopefully now you have your goals, mind set and money rules in place, you have seen an expert and had help in getting your numbers together to know your borrowing capacity.

for saleSo now comes the fun bit – selecting the property and doing your research around the property purchase. You will have worked out your guide lines from knowing your numbers – are you looking for a cash flow positive property, a renovation project, or something that is an advanced strategy such as a duplex or splitter block or maybe buying off the plan in a highly desired area with potential for fantastic capital gains.

This is also where you try not to be emotional about the purchase i.e. buying the property next door, or your parents old home but in saying that this could be the perfect purchase so long as you know the numbers on it and can separate business from emotion.

Check the numbers against the purchase, stamp duty payable, loan fees, what deposit you need, what is the rental return and the recent sale prices of comparable properties – both so you know your not getting ripped off and if you are doing advance strategy – that the sell price for your property is not over inflated.

Investment

So some of the things you need to consider when purchasing is who is going to be the tenant or the end buyer of the property? What do they want? A one bedroom apartment in the city is going to be a different tenant to the 4 bedroom home in the suburbs. What transport is around? Infrastructure to be built – roads, hospitals, university, schools, child care. Is it a cafe society and have restaurants, bars and inner city lifestyle? What is the council doing, local state and the government regarding policy and planning?

You don’t have to inspect the property if you are going to buy, but if it is an existing property that you can access I personally like too. You also need to be diligent – like getting solicitors to read the contract on an off the plan purchase, engage an expert in handling the new building handover to make sure it is built to the specifications or getting a building and pest inspection done if buying a second hand property.

monopolyNow working with Blue Wave Property Strategies we help you to build a multi property portfolio. So you will not just be buying the one property…. we will get a portfolio plan in place from the start and you will look to purchase multiple properties all stemming from this initial investment. So this portfolio can be a mix of the types of property to suit your strategy. It can all sound a bit daunting but I can assure you – it is simple if you know how!

There are so many more areas to cover and I could talk for days on this topic but for now……. get cracking and go shopping for assets that appreciate and deliver cash flow to you ready for Christmas!

Cheers Chris

Iconic Queensland Pub the Normanby Hotel Up for Sale

Howard Smith Wharves Development Application Finally Submitted

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A development application has been submitted after almost eight years of planning and consulting for the long awaited redevelopment of the Howard Smith Wharves.

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The plans include a new boutique hotel building, multiple refurbished heritage buildings as well as two new lifts to the top of the cliffs for park and Story Bridge access. A new observation deck is planned to be built with views of the Brisbane River and Story Bridge.

The Art Series Hotel Group is tipped to be the new boutique Hotel to be located under the Story Bridge in a highly articulated ‘earthy’ building. Fundamental to its design was that the building blends in with it’s surroundings – the cliff. This design component inspired a design that allowed the heritage building to be uncompromised and clearly distinguishable. The hotel building beautifully reflects the disjointed appearance of the cliff, whilst also encompassing & sandy earthy tones. Consisting of 164 suites, a garden oasis, pool & sun lounges, retail and food & beverage spaces at the ground level and spectacular views across the river, and of the bridge – a high standard of accommodation is planned for the Art Hotel, within the beautifully redeveloped Howard Smith Wharves precinct.

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Other Heritage Listed Buildings set to be part of the development include…..

Outdoor Dining Deck

This refurbished building will house a restaurant than can access a new outdoor dining deck under the shade of the large existing trees near the entry of the site.

Laneway and Outdoor Dining

Restaurants will be inserted into this heritage building. The existing waterfront deck will also be available for outdoor dining. A new Over Water Bar deck will extend into the river under the Story Bridge between two buildings and will potentially be below the existing deck level to improve the proximity to the water.

Overwater Bar

The Story Bridge is an impressive prospect from beneath and also a key visual axis through the wharves site. This combined with the vision for a thriving food and beverage offer in the old wharf buildings has provided the impetus for the creation of a new Overwater Bar.

Brewery Beer Garden

This refurbished historic wharf shed building houses a new brewery with adjacent outdoor dining and beer garden spaces. The cliff side of the building will have a gravel, artificial turf and paved beer garden surrounded by planting including hops plants that reference the beer making process. Several large tanks used in the brewery process will be located in a highly visible external location at the base of the cliff opposite the brewery entry and beer garden.

Brewery Tanks and Hops Garden

The brewery tanks and hops garden will reflect the materials of the working wharf and add value to the characteristics of place. The brewery tanks will be softened and complement by the use of hops plantings, giving the impression of a working landscape that is reclaiming the industrial character of the wharves.

Exhibition Building – The Waterfront Edge

The rear corners of this elegant new building are strongly grounded in the site through the incorporation of vertical planting. This building forms the focus of potential future river based entertainment where a barge may be moored in front of the building. As a result there are significant areas of terracing in front of and either side of the building that can accommodate large crowds. A ramp allows for DDA access from the building down to the waterfront path.

The existing timber deck will be extended along the front of the new Exhibition Building to provide a continuous path of travel. Between the Exhibition Building and Building E is a large waterfront amphitheatre allowing large groups of people to watch future entertainment on a river-based barge in front of the Exhibition Building. A portion of the amphitheatre will extend down into the water to allow access for launching kayaks.

Construction is anticipated to commence in the first quarter of 2016 and is expected to be complete by mid-2017 -information care of brisbanedevelopment.com.

Iconic Queensland Pub the Normanby Hotel Up for Sale

Brisbane’s Aviation Precinct Development

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The Federal Government has approved a 20-year multimillion dollar development plan for the Brisbane Airport precinct. The Brisbane Airport Corporation has also dedicated almost $4 billion to fund the new aviation precinct projects over the next decade.

The strategy includes construction of a parallel runway, a regional satellite facility, upgraded domestic & international terminal facilities, and improvements to transport networks.

Environmentally sound, award winning and the largest aviation project ever seen in Australia, will give Brisbane the greatest runway system in the country once completed. They have reclaimed 360 hectares of marshland by pumping 11 million cubic metres of sand onto the site. Over 4 years, the weight of the sand, working with 330,000 wick drains funnelling the water to the surface, will create a solid base for the runway. Once the base is complete, construction of the new runway will begin. The new runway will be 3.3 kilometres long, 60 metres wide and will have 12km of taxiways. New lighting, navigational aids and landscaping will be introduced once runways have been completed. During its production the project will create 2,700 construction jobs.

Brisbane Airport new Runway map   BrisbaneAirport   External

Plans are also in progress to build a new Regional Satellite Terminal at the northern end of the Domestic Terminal Building. The satellite terminal will be built as a standalone building 300m away from the existing Domestic Terminal Building, with passengers initially transferred by bus until a walkway is created. The new terminal will have 15 boarding gates as well as 2,000 square metres of space including passenger lounge areas, food, beverage & retail tenancies, amenities, service areas and offices.

The existing Domestic Terminal is currently being upgraded and once complete will have new airline service desks, 8 new and 12 relocated self-service check-in kiosks, 8 new automatic bag drops, more baggage reclaim facilities, new screening facilities, new offices & queuing space, new floor finishes and a new Visitors Information Counter.

The International terminal will also undergo some major improvements with the goal of creating ‘The world’s most liveable airport’. The redevelopment will include a new themed departures lounge which encompasses a sense of place that is uniquely Brisbane. There will also be new Duty Free shops for Departures & Arrivals, new specialty retail, food & beverage shops, improved way-finding for passengers and unrivalled views of the planes and runway.

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Skygate – the retail, commercial and lifestyle precinct of Brisbane’s Airport is about to undergo a major transformation with an expansion to DFO with 30 new stores, a new multi-level car park with 1000 car park bays, a connector Building between DFO and The Village Markets including alfresco dining, commercial offices and an enhanced pedestrian walkway alongside the connector building including a children’s playscape.

Airport spokeswoman Helen Clarke said the plan would open up increased tourism and trade in the state. She said Brisbane had one of the fastest growing airport precincts in the country.

“The airport will expand over time – in 20 years’ time it will be about the same size as Singapore and Hong Kong airports. We see the addition of a mass transit system, having a high-frequency connection between the international and domestic terminals, as well as our new parallel runway. We expect that by 2034 there’ll be about 49 million passengers a year travelling through the airport. Obviously we need to support those passengers with new infrastructure and new jobs.”

She said about 21,000 people currently worked full-time within the airport precinct. That number was expected to more than double to about 51,000 within the next 20 years.