Brisbane - The Gateway to Queensland
Brisbane was once an ancient homeland of the indigenous tribes isolated from civilization. European explorers first discovered the region during the Age of Exploration. Years after the initial discovery, the land was colonized and become a member of the British Commonwealth.
Today, it is a gateway to Australia’s Queensland region. Brisbane is the third most populated city on the east coast of Australia and has morphed into a leading city of the country. It gained popularity, largely for its subtropical climate and endless seaside and suburban landscapes. The city offers a unique balance of cityscape and nature. Hike into the mountains or venture into its waters.
As A Rising Metropolitan
Brisbane is a steadily growing economy as it internationalizes. It has a collaborative business culture and is a hub for resource and energy corporations related to mining, equipment sourcing, technology and reputes as a center for research and innovation. The average economic growth annually is 4% of its gross state product, a 2.5% above of the Australian average. Brisbane offers investment opportunities for knowledge-based industries focusing on constructing new accommodation and tourism infrastructures. The country is politically stable, forecasting an ongoing population and economic growth. The GDP of Australia grew by 0.8% in 2017, marking a 104-consecutive period without a recession.
The metropolis has a population of 789,464 people and is estimated to grow to 1,307,988 by 2036. Its top industries include health care and social assistance, retail trade, scientific and research technical services, education and training and construction. The city, thus, is affordable, with a median home price compared to the rest of the country, driving more interstate investments.
The future developments look promising, thus properties in this region will make great long-term investments.
With transformative phases transpiring across the city, it is predicted that its property market will continue to rise long term. In 2008, median house price in Brisbane for a home was $425,000 AUD. A decade later, the median price has soared to $657,000 AUD. The growth is steady compared to other Australian cities, and is the reason which makes investments here even more compelling. In the year of 2017, the median has risen by 1.2 percent. As the city reforms, the price is likely to go up steadily, making investments safe. It is predicted that for the next 10 years, the median will reach a 5 percent growth per annum.
Queensland can boast the highest number of first-home buyers in Australia. Providing the young generation and prospect of affording a home in the country. While the market grows steadily with a large amount of housing offers and large level of construction, it offers opportunity.
The city council of Brisbane unveiled a new metro styled system to include 60 bi-articulated glider buses to link busy central stations to hospitals and universities around the city. The project is forecasted to cost $500 million AUD. Additionally, a new cruise ship terminal project is being built and construction of a 120-million-dollar airport taxiway bridge and an underpass for vehicles, has already undergone construction. Both together, will facilitate more commercial flights and the world’s largest mega-cruise ships.
The Future: Brisbane Infrastructure Master Plan
Brisbane is currently undergoing going a city reformation, where the government proceeds to restructure the city in becoming a world-class waterfront city. More than 14 new transformative ideas are presented for the City Center Master Plan to revitalize its riverside parkland experience: introducing luxury shopping, premier dining, offices and green space for increased recreational and adventure activities. The future developments look promising, thus properties in this region will make great long-term investments.
As the city grows, its CBD district will be modernized into an asset to embrace the waterfront. The river edge will be redesigned to a more contemporary, urban space to complement its emblematic rank in the country. The architecture will allow the waterfront to extend further into the river with a bold edge along the circular quay. The City Reach is a meticulous plan to reinvent this part of town into a festive location.
There is only one word to describe this $3 billion AUD development of Brisbane: inspiring. Innovative architecture overtakes the spotlight of the development, showcasing a world class and an iconic arc-shaped Skydeck above the river 100 meters below. The sleek design will host a 360-panoramic view of the city against a backdrop of luxury condominiums and branded accommodations including Ritz-Carlton and Rosewood. A Sky Gaming lounge, Infinity Pools, Plaza Restaurants will upscale the complex. Queen’s Wharf Plaza, an active Rivers Edge, Miller Park, underground retail, a connective to Southbank are part of the stimulating design. The new shopping center on George Street Entry, will feature a glass-encased Atrium with hanging tropical plants and interlacing escalators.
“With the completion of Queen’s Wharf due in 2022 , it would be one of the missing pieces that elevated Brisbane to a new level of world city status. ” Australia’s leading demographics expert and social commentator Bernard Salt said.
To provide a complementing transport system, Brisbane’s Central Station will be reimagined into a modern and innovative transport hotspot. The design is planned to feature glass tubes as walkways interconnecting the platforms at the station. The station will be a creation of a naturally-lit 2-level building as a gateway to the proposed waterfront development.
Riverstage and City Botanic Gardens
The redevelopment of the waterfront garden signifies Brisbane’s value of its natural landscapes and lifestyle. The proposed master plan of the Botanic Gardens will be decorated with luscious gardens, rolling lawns and activation ponds to remaster the green living space by the river. The design is to redefine the garden as ‘the city center’s green heart, a people’s place.’ The southern edge will feature a glass ‘halo’ as a heightened promenade above the garden below named the Riverstage. The garden will further connect to Kangaroo Point across the river by a double curved suspension bridge.
City West (William Jolly Bridge, Western Gateway, Cultural Precinct)
City West is a plan to reinvent the connective links between several districts along the river. It is a precinct to connect the city and its culture together into a public and active hub with new accommodation, residence and festive space. The main walkway of the area, Grey Street will become an incubator for the liveliness of this area and provides pedestrian green space to frame of the scenic river.