The rapid progression of large, shovel-ready, infrastructure projects could lead to new investment by the private sector, Moody’s Investors Service says. While spending on infrastructure construction is important to state government plans, Moody’s says a “coordinated approach with the private sector is likely”, given that the states are already facing rising debt and record infrastructure spending…
Cross River Rail: Everything You Need to Know
Construction on Queensland’s biggest infrastructure project, the $5.4 billion Cross River Rail is quickly taking shape. When realised, the Queensland government-led project will comprise a 10.2 kilometre rail line which will run from Dutton Park in Brisbane’s southern suburbs to Bowen Hills in the city’s north, with a 5.9 kilometre-tunnel under the CBD. The project, overseen by…
Queensland’s most expensive houses: Gold Coast beachfront mansion sells for $25 million
One of the Gold Coast’s premier beachfront mansions has just sold for a jaw-dropping $25 million, equalling Queensland’s most expensive property on record. The luxurious abode – which takes up a whopping 40-metre slice of ocean frontage at 2 Heron Avenue in Mermaid Beach – is home to former AFL player and now property developer…
Gold Coast Apartment Sales Pick Up, Supply Falls Off
The Gold Coast apartment market has transitioned into the Covid-19 crisis in a much better position than it was going into the global financial crisis, planning and advisory firm Urbis says. In its latest quarterly survey, Urbis found that the Gold Coast market was tracking well, recording 265 sales in the first quarter of 2020,…
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Gold Coast light rail Stage 3B: Study backs Palm Beach to Gold Coast Airport tram route
The State Government ends years of debate by announcing the last stage of the light rail will run along the coast to the airport. A two-year study by international consulting firm Jacobs Engineering has found the controversial coastal route from Burleigh through Palm Beach is the preferred option to complete the tram system’s north-south link. The State…
