November last year Brisbane rejoiced with the official announcement that the Queen’s Wharf development was in the pipeline. The city has always been a major tourism spot but, now, thanks to the new development plans, it is about to hit an all new high in more ways than one. Thankfully the effect will be threefold; not only boosting tourism but also injecting new life into Brisbane’s economy and the real estate industry alike.

The redevelopment area is state-owned land, generally located between the Brisbane River and George Street and between Alice and Queen Streets.

The real question on everyone investor’s lips… what can we expect from this exciting expansion?

To help shed some light, here are just three of the main positive effects we can expect to see come from these two major new developments here in Brisbane:

More city jobs equals more city tenants

The Queen’s Wharf development alone is tipped to inject 3,000 new jobs during development and another 8,000 employment opportunities upon project completion. This is thousands of people that will want to live closer to work. Consequently as development construction unfolds, we can also expect to see an intense upswing of new city tenants looking for places to live in the city, fantastic news for investors those looking to purchase new investments in the CBD.

Increased desirability means greater demand

Incidentally, the surge of excitement surrounding the sophisticated Queen’s Wharf development is set to create a newfound confidence in Brisbane, and its real estate market. The more desirable Brisbane CBD becomes, the stronger the influx of buyer interest – both new and existing.

A rise in CBD tenants equates to higher prices

As buyers and property demand increases in the CBD, the prices for established apartments are likely to ‘take a step up’, as new off-the-plan developments become more expensive to build and thus cost more to buy. This turn of events will certainly bring a smile to those investors who currently have established property in the Brisbane CBD.

Hannah Schuhmann, Principal of HS Brisbane Property, says it is a really exciting time ahead for Brisbane and encourages investors to start shopping around now for opportunities.

“There is so much happening in Brisbane at the moment, our city is fast-becoming an investors’ playground. Buyers need to start doing their homework so they can take advantage of fruitful opportunities as they present themselves”, says Hannah.

She suggests that if any buyer or investor has ever considered buying an apartment here in the Brisbane CBD, the time is now.

“The Queens Wharf and Brisbane Skytower Developments are really set to change the face of Brisbane as we know it.  As work ramps up on these developments we are expecting a huge influx of buyers and tenants.

“For buyers it will be a case of first in, best dressed - you do not want to look back with regret in years to come, wishing you had bought a property pre Queens Wharf.”

To make the most of this exciting opportunity contact Hannah on 0419 782 133 and schedule an informal meeting.