BUILDING OUR FUTURE (PART ONE OF A SIX-PART SERIES)

A couple of weeks ago we wrote about some of Brisbane’s exciting new infrastructure projects. Well, this week marks the first of an ongoing series called ‘Building Our Future’ whereby we will be taking a closer look at each of these six major projects – focusing on what they are, their benefits for our local economy and, most importantly, what they mean for the world of local Brisbane real estate.

This week we begin by taking an in-depth look at the M1 Upgrade...

What is the M1 Upgrade?

The Pacific Motorway (M1) Upgrade is the rebuilding of the 16km corridor stretch along the Pacific Motorway from the Gateway to Logan Motorway, including Rochedale South, Springwood, Daisy Hill, Shailer Park, Tanah Merah and Loganholme areas - a big win for Brisbane roads!

Why the upgrade?

At present, the M1 is currently pushed to capacity for long periods with more than 147,000 vehicles travelling on the M1 each day, including more than 12,000 heavy vehicles. Current congestion causes frustration for motorists caught in long commutes as well as businesses whom are suffering from lost productivity. The Pacific Motorway (M1) Upgrade, Gateway to Logan Motorway is expected to increase traffic flow and improve safety on the Pacific Motorway.

The benefits to Brisbane

By upgrading interchanges to improve access on and off the motorway, building bus priority measures, transit lanes and the next stages of the V1 veloway bikeway the vital M1 upgrade will ultimately help increase traffic flow and improve safety. This will altogether help alleviate pressure and stress to motorists and businesses by altogether being a far more efficient motorway.

Minister for Main Roads Mark Bailey, Gold Coast Mayor Tom Tate, Logan Mayor Luke Smith, RACQ, Executive General Manager Advocacy Paul Turner and Chamber of Commerce and Industry Queensland, Director Nick Behrens delegation have said that they feel this is a critical upgrade for Brisbane.

“These are vitally important upgrades as the M1 is the highest trafficked road in Queensland,” the delegation said.

The good news for investors

One of the biggest things people look for in a home – tenant or owner – is proximity to local amenities, access to transport and (of course) reliable motorways.

Brisbane CBD investors could not be happier with news of the Pacific Motorway Upgrade being on the cards. After all, this new and improved motorway is only a massive positive for anyone living in the CBD.

The upgrade signals exciting times ahead for CBD commuters (whether via bus, car or bike) who may soon be able to enjoy a faster, safer and simply better experience - on and off the motorway.  

Additionally, will local businesses no longer suffering from lost productivity (thanks to the upgrade), they are expected to flourish and altogether create a stronger and more confident local economy – and that is good news for everyone! With a stronger economy comes a confident property market; we anticipate that buyers will suddenly come out of the woodwork and drive real estate prices up, up and up.

This is music to the ears of anyone with a CBD investment (or two) up their sleeve.

When it comes to Brisbane property, the team at HSBP really know their stuff. We have built our company around providing clients with some of the most lucrative CBD properties that Brisbane has to offer. We do this by knowing our environment and having our finger on the pulse.

If you are looking for property agents that do not settle for second best, then contact the professional team at HSBP on 0419 782 133.