Millennials Making Big Move to Regions
Regional Australia attracted more people than it lost to capital cities during the last census, reveals a new report, which also found Sydney lost more millennials to the regions than it gained between 2011 and 2016. Regional Australia Institute’s “Big Movers” report examines how Covid-19’s aftershocks may affect regional population trends, as a growing […]
Dexus Lodges $2.1bn Eagle Street Plans
Property giant Dexus is pushing ahead with plans for a $2.1 billion transformation of Eagle Street Pier and Waterfront Place in Brisbane’s CBD. The country’s biggest office landlord has now lodged plans for a 9,000sq m riverfront site which includes two new commercial towers, riverfront dining, public plazas, extended riverwalk and ferry terminal. If realised, the existing Eagle Street […]
First Look: $190m Kangaroo Point Green Bridge
The Brisbane City Council will fast-track the planned Kangaroo Point pedestrian bridge to bring forward investment and drive employment following the coronavirus pandemic. The bridge, set to link Brisbane’s eastern suburbs with the CBD, is one of five announced last year as part of his $550 million green mobility plan for the city. The […]
Infrastructure Construction Key to Economic Recovery: Moody’s
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 […]
Goodman Deal Sees Amazon Expand Into Queensland
In the wake of a pandemic-related surge in online sales, industrial portfolio manager Goodman Group has teamed up with online retailer Amazon to build a multi-million-dollar warehouse in Brisbane. The new Amazon fulfilment centre will be built at Goodman’s Port Industry Park in Lytton, Brisbane, on a combined site of more than 40,000sq m, with […]
Government Unveils $688m ‘Home Builder’ Scheme
Prime minister Scott Morrison has unveiled the first details of the government’s $688 million “home builder” scheme. The scheme will fund grants worth $25,000 for home renovations between 4 June and 31 December. To be eligible, single applicants must earn less than $125,000 a year or $200,000 per couple. New homes valued up to $750,000 […]
Western Sydney Airport Metro Rail Gets Green Light
Construction work on a metro line connecting to the Western Sydney Airport at Badgerys Creek will be brought forward following an injection of $3.5 billion. Prime minister Scott Morrison yesterday, along with NSW premier Gladys Berejiklian and NSW transport minister Andrew Constance, said the project would be fast-tracked and serve as an important initiative for […]
Inquiries for luxury property in Brisbane remain strong as Australians spend more time looking online and agents adapt with virtual tours and one-on-one inspections
Luxury apartment marketing agency TOTAL Property Group reported an increase in online inquiries for quality apartments in Brisbane’s hotspots while Australians used their time in isolation to make plans for upsizing, downsizing and rightsizing into an apartment. TOTAL Property Group Managing Director Adrian Parsons said his team had been handling a large volume of online […]
$20b plan to revitalise ‘under-utilised’ parts of Brisbane
Five new precincts being built as part of the $5.4 billion Cross River Rail project will be a catalyst for up to $20 billion of economic development over 10 to 15 years and the jobs that come with it. The areas around five of the stations – Roma Street, Albert Street, Boggo Road, Woolloongabba and […]
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 […]
Two towers become one in Australian architectural feat in Brisbane
An environmentally sustainable project will link two buildings in the heart of Brisbane to avoid knocking them down, in what is considered to be an Australian first. The Midtown Centre development will merge together two former government office buildings at 155 Charlotte Street and 150 Mary Street. Architects have called it the first full “building […]