Growth Corridor in Brisbane for Investment Housing
I advocate buying investment housing in the growth corridor between the Pine and Caboolture Rivers in Brisbane. A listener to my radio segment asks my opinion of the future of this growth corridor and in particular Brisbane in general.
Brisbane is on the cusp of several exciting developments, which will make it a very exciting city to live in and visit.
Major projects on the drawing board
The controversial $800 million West Village project in West End has been approved and then we have the Queen’s Wharf project, which is a $3 billion masterpiece bankrolled by Star Entertainment. This in the river precinct from Queens Street to Parliament House and will link via a bridge to South Bank, creating fantastic synergies with the city’s arts and culture hub.
A $2 billion project is proposed for the old Roma Street railway yards called Brisbane Live, which will be an entertainment centre and parkland precinct built above the Roma Street rail yards. It will have a 4000 capacity rock club, a 17,000 seat world class indoor sports and entertainment arena, cinemas, restaurants, shops, hotels and apartment buildings, a cross-river rail and a Brisbane metro station underground. Brisbane Airport is also set to get a second runway by 2022.
Now let’s address the second question about the growth corridor between the Pine and Caboolture Rivers. My clients have been investing in North Lakes at my direction for the last 15 years. It is now almost a satellite city for that growth corridor. Demand for the remaining land has outstripped supply, which has, as I predicted, pushed prices up so I have now moved to adjacent Stone Ridge and North Harbour.
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The Westfield shopping centre at North Lakes is among the best in Australia and has recently added another 60 stores. North Lakes has Queensland’s only Costco and a brand new IKEA store.
‘Laguna North Lakes’ will be a $250 million investment and is set to change the face of the already bustling CBD with boutique shopping, dining laneways, a 140-room hotel, tavern and function space, aquatic centre with lap and recreational pools, a commercial office tower and public green space.
You can see what I mean about the potential of this growth corridor. It ticks all the boxes. All my properties available for investment have quick access to the freeway and then access to Brisbane Airport, Brisbane City, Gold Coast and Sunshine Coast.
There is no reason to be negative as there is so much opportunity out there.
Steve Taylor
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If you prefer to listen here is my radio interview on Emerald 4HI:
At the helm of Steve Taylor & Partners, Steve Taylor has been delivering expert advice and product knowledge to clients for over 30 years. Steve Taylor & Partners provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.
DISCLAIMER
Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the subject being discussed. The figures stated in this article were accurate at the time of publication. For up to date figures, please contact our office.
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