The top suburbs tipped for future performance in Brisbane, Sydney and Melbourne have been revealed—with the coronavirus shifting the landscape for both rental and sales markets, new research shows. According to PRD’s latest affordable and liveable property guide Covid-19 made its mark on rental markets in particular over the first half of 2020. The pandemic…
Olympics, Billion-Dollar Projects Brighten Brisbane Outlook
Hosting the 2032 Olympic Games could play a critical role in Brisbane’s recovery from the coronavirus pandemic. With the largest local authority in the southern hemisphere, Brisbane is well-positioned post-pandemic with $20 billion worth of major development on the way and $49.5 billion committed to transport infrastructure. Major development projects include the $5.4 billion Cross River…
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 number…
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 $190…
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 spending…