The missing element for Brisbane’s Property Boom
CoreLogic head of research, Cameron Kusher announced Last week
there was one missing element to a property boom in Brisbane, employment opportunity.
“We’ve been thinking for a number of years that Brisbane is the next market to take off, and certainly other have as well, but I think the big missing ingredient ultimately has been that strength in the jobs market,” he said.
However in our opinion, job growth in Brisbane within the coming years is set to explode. There are billions of dollars in projects about to launch that will transform our transport links, tourism hubs and entertainment precincts. With these projects, major job growth are predicted to come to our river city.
The Queens Wharf project
is set to employ thousands of construction and administration workers throughout construction which will take up to 8 years to complete. Upon completion it has been reported that the new entertainment precinct will bring up to 10 000 more jobs to Brisbane.
A $100 million upgrade of the Howard Smith Wharfs heritage site
will connect New Farm with the Eagle Street district, and will deliver a fantastic retail and dining precinct under the backdrop of the river cliffs. The proposed Brisbane Live
entertainment precinct would include a $450 million, 17,000-seat arena built on top of the Roma Street station, bringing big-ticket performances to Brisbane city with easy public transport links.
An upgrade of the Royal Brisbane Hospital and the creation of the Herston Quarter
, is reported to bring 12 new specialist buildings to the health precinct, creating thousands of jobs in the $1 billion development.
The Brisbane airport upgrade
will see our airport to have the same capacity as Hong Kong and Singapore and is predicted to create $5 Billion per year economic benefit to the region. Brisbane City Council is also investing almost $1 Billion to transform our inner city transport links
to accommodate the population and tourism influx.
In our opinion, these exciting developments are set to deliver an enormous boost for our economy and job opportunities in Brisbane will be plentiful. It is an exciting time to be living and investing in the river city.