Wednesday, 26th Jun 2019
Over the next 5 years, Brisbane is set see over $11 billion of diversified infrastructure projects constructed including culture, education, retail and public transport.
With this significant future investment and premium accessibility, the 4101 postcode is ideally positioned to benefit from this infrastructure boom.
Major infrastructure projects include Queen’s Wharf, Cross River Rail, Brisbane Metro and Brisbane Live.
The $3 billion Queen’s Wharf integrated lifestyle precinct which is currently under construction and expected to open in 2022*, will be a world-class entertainment destination. Featuring a mix of sixstar hotels, casino, high-end retail, dining and entertainment venues, it is expected that Queen’s Wharf will attract 1.39 million additional tourists to Brisbane each year.
The Cross River Rail project will be a 10.2km rail link from Dutton Park to Bowen Hills, comprising 5.9km of tunnels under the Brisbane River and CBD. The development will include four new underground stations, the redevelopment of two existing over ground stations, and a further 6 stations will be upgraded. It is anticipated that the Cross River Rail will be operational by 2024*.
The proposed Brisbane Metro light rail project will be a 21km route linking Eight Mile Plains, Royal Brisbane Women’s Hospital and UQ Lakes busway stations with 2 new high capacity lines and is expected to be complete in 2023*.
The $2 billion proposed Brisbane Live mixed-use development will be centred around a new $450 million entertainment arena. The project will also feature new hotels, commercial towers, dining precinct and pedestrian linkages from the Barracks to King George Square.
With such dynamic infrastructure coming soon to Brisbane, there has never been a better time to live or invest in the 4101 postcode.
Source: Urbis Market Outlook January 2019. *Subject to change.