Recently we covered an article on the Queen’s Wharf and what this new major $3 billion development means for our local Brisbane economy, from increased tourism to more jobs and a steep rise in demand for city living. Now, latest reports indicate that the new casino consortium, is also expecting to guarantee $1 billion dollars in revenue for the state. 

These latest figures come after the Queen’s Wharf casino development was finally signed off early last week by Premier Annastacia Palaszczuk. 

Premier Annastacia Palaszczuk said the project would have a significant effect on Queensland, including a guaranteed $1 billion in revenue. She said the first instalment of $272 million would begin to be paid to the Queensland Government immediately, with a further $880 million to follow from casino taxes over the first 10 years of operating.

"It does mean there is a huge injection of cash that is going directly to pay down debt on our state budget,” said Annastacia Palaszczuk.

"We would expect to see more than one million tourists coming to south-east Queensland over the coming years.”

She said the project would create 2000 construction jobs and 8000 operational jobs, "but we will see overall some 10,000 jobs over the coming year".

10,000 new jobs equals thousands of people who will want to live closer to work! This means Brisbane should see a strong in crease in the number of tenants looking for places to live in the CBD – great news for investors. 

However, 10,000 jobs and $1 billion in revenue are just the beginning. The Queen’s Wharf is also expected to generate an estimated additional 1.39 million tourists a year, therefore creating an extra $1.69 million in tourist spend a year.

This potentially means a higher income for local operators and business owners, and more stability for employees. Theoretically opening the window for more people to enter the real estate market, either as buyer or investors - it is a win-win. 

With so many new opportunities on the horizon, if you have ever considered investing in the Brisbane CBD, then now 'pre Queens Wharf' is the perfect time to do so. For more information, contact Hannah on 0419 782 133.