Lately there has been a lot of hype surrounding Brisbane’s new Queens Wharf development. We thought we’d take this opportunity to talk about what the exciting new multi-billion dollar project holds for our city and what it means for Brisbane investors. 

Tipped to inject 3,000 jobs during development and another 8,000 employment opportunities upon project completion, the new Queens Wharf development is predicted to do what South Bank did 30 years ago – proving a major victory for our local economy!

What can locals expect to see from the development? Queens Wharf is said to completely reshape George Street to the river; stretching 10 blocks across the far end of the city – from Queen Street to Alice Street.  

The exciting new project it set to transform the face of Brisbane as we know it, thanks to the addition of an underground shopping mall, a sky-deck containing multiple restaurants and bars, five new hotels (three of which will be six stars), a new Lyric Theatre at South Bank and a cross-river bridge to access it.

Premier Annastacia Palaszczuk said one of the signature efforts was the large amount of public space that families will be able to enjoy; with the development expected to offer public space equivalent to 12 football fields. 

Other highlights include a riverfront moonlight cinema, three residential towers, 50 food and drinks outlets as well as the transforming the existing Treasury casino into a new boutique department store and hotel.

 “… This is a good announcement, it is fantastic for Brisbane and I am quite sure the people of Brisbane will embrace the new Queens Wharf development." Ms Palaszczuk said.

State Development Minister Anthony Lynham said the project would change the face of the river city and be “transformational for Brisbane".

"It will do what South Bank did for Brisbane 30 years ago”, the Minister said. 

Incidentally, when it comes to real estate, it is anticipated that the introduction of Queens Wharf is set to make our city increasingly more desirable to buyers and investors alike, thus creating a newfound confidence in our city’s local market; the outcome expected to be twofold.

This new surge of excitement is expected to have unprecedented effects on our local economy, and more importantly the Brisbane CBD real estate market – with a heightened influx of interest from buyers (new and existing) in the Brisbane CBD area.

Consequently driving more and more property buyers and investors towards Brisbane’s real estate market, which will altogether foster a rise in real estate prices, which is great news for our investors.  We are also likely to see a large jump in tenants moving into the area as the exciting new development unfolds which again bring will a smile to those who have invested in the CBD.

With so many opportunities on the rise, now is the perfect time to get on the front foot and beat the Queens Wharf property increases. To discuss your options and the current investment opportunities available contact Hannah and the HSBP team today on 0419 782 133.