Great reasons to consider Brisbane for your next property investment
There are a few YouTube links to this blog which highlight at least six Great reasons to consider Brisbane for your next property investment. Before you read any more, consider the position Sydney (and NSW generally) was in around 2008? The country was doing exceptionally well, unemployment was low, GDP was high, we just had a new Prime Minister, the country had no debt at all but our State Government and our state was being described as a ‘basket case’! Our health system was in a mess because hospitals didn’t have enough to pay for food (Liverpool) or laundry (Camden) and unemployment in NSW was around the 7.8% mark. We were under the guidance of politicians like Mr Obeid, Mr Trapodi, Mr Robertson, et al! Happy Days.
By early 2010, things had improved considerably in NSW, unemployment was way down below 5% and the State seemed to be out of its ‘technical recession”. By 2011, our government had changed and we entered an era of massive employment and construction with jobs for all who wanted to work! The huge spend on infrastructure has been paralleled by a massive growth in house prices, exactly following the old PIE formula for house price growth – Population growth, Infrastructure growth with Economic growth.
For those who identify more with Melbourne think of the position the city and State was in before the Crown Casino development and all that has transpired since! Like it or hate it, the huge international Casino was seen as a ‘game changer’ for the city’s economy.
How will you even recognise the skyline of Brisbane in 6 years time? Massive growth in Brisbane’s CBD, brought on by major developments across the city, is set to almost completely transform the Queensland capital by 2022.
Major projects alone will amount to a multi-billion dollar expenditure which has just started, tens of thousands of jobs will be created in the infrastructure build and even more jobs will be the completed legacy. The only real surprise about all of this is the lack of knowledge about these projects outside of Brisbane itself!
So what I am talking about? The largest of these are as follows – real game-changer projects that are set to transform our ne “Brisvagas”!
Queens Wharf – Casino and Entertainment precinct ($3 Billion)
https://www.youtube.com/watch?v=SRyBK9Y3WnA
The Queens Wharf project is set to be a world – class integrated resort development.
– 5 new hotels
– 50 bars and restaurants
– 1500 seat theatre
– Conventions uses
– 3 residential towers
– Major casino
– Estimated to create 10,000 jobs while under construction
The Howard Smith Wharves ($800 Million)
https://www.youtube.com/watch?v=fPAIQOCotMY
Howard Smith Wharves redeveloped as a vibrant waterside destination under Brisbane’s Storey Bridge
– Boutique five-star hotel
– Exhibition space
– Premier restaurants
– Retail
– Community facilities
– Parklands
Brisbane Live Precinct – Roma Street Parklands ($2 billion ‘Brisbane Live’ ultra-entertainment precinct) https://www.youtube.com/watch?v=5gxSLTdLatY
- Similar to Madison Square Gardenin New York City, or Melbourne’s Federation Square
- The ability to transport thousands of spectators in and out of the precinct within just minutes
- the centrepiece of the Brisbane Live plan is a new 17,000 seat world class arena which will showcase international superstar concerts and performances as well as world sporting events
- 4000-capacity rock club
- surrounded by multiplex cinemas
- restaurants and bars
- Giant screen and amphitheatre catering for around 15,000 people
Other notable upcoming projects:
– The $800 million Brisbane Quarter to the west. The Brisbane Quarter will consist of an 82-storey residential tower, a 39-storey office building and the 32-storey W Brisbane Hotel.
– Brisbane Airport’s new $1.3 billion parallel runway
– The $1.54 billion Brisbane Metro rapid transit system
– A new $100 million cruise ship facility at Luggage Point.
The above is a snippet of the exciting infrastructure developments in the Brisbane CBD and Brisbane Airport and surrounds. These will see a massive growth in employment over the next 6 years during the construction phase followed by a legacy of massive employment when these projects are fully operational. All great reasons to consider Brisbane for your next property investment.
Read more: http://goo.gl/cXnPky
