Brisbane Lions have shared the final renders for their new training and administration facility being built at Springfield Central. The renders come as the project, known as The Reserve, prepares to move into the construction phase.
Maha Sinnathamby’s Springfield City Group has appointed Moelis Australia to lead the global search for a development partner for its $88 billion Springfield masterplan, west of Brisbane.
An unprecedented $2 billion is being poured into new runways and airports across southeast Queensland in a job-producing boom that aims to tap into the growing world demand for Queensland tourism and produce.
Brisbane Airport has spent $1.3 billion on a new, parallel runway that will make it the most reliable gateway to the east coast of Australia.
The largest mail facility in the Southern Hemisphere has opened at Redbank ahead of what Australia Post predicts will be its busiest peak Christmas period in history.
The new $240 million facility at Redbank Motorway Estate is the size of eight football fields, has more than 500 people employed on site and is loaded with technology including Automated Guided Vehicles, robotic arms and parcel pickers. It will be able to process 700,000 parcels per day at full capacity.
(BIS Oxford Economics – QBE Housing Report)
The strongest outlook for capital city property prices across the nation is forecast for Brisbane. It is predicted that a combination of rising population growth and rapidly falling supply will fuel this forecast growth. With the Queensland economy also forecast to strengthen, residential price growth is forecast to steadily accelerate by 20.3% through to 2021/22.
Brisbane house market - Opportunity abounds
Tourism is boosting economy and affordability remains advantageous
Brisbane’s residential market did not see the same magnitude of residential price growth over the last cycle compared to Sydney and Melbourne. With affordability less strained…the detached housing market is estimated to be in relative balance with the unit oversupply reflected in the higher vacancy rate in the inner suburbs.