BUILDING OUR FUTURE: Part 8 (THE SERIES)

PART 8: Why investors continue to Benz over backwards for Brisbane property 

What better way to end the year than with one final part to our Building Our Future series! Throughout 2016 this on going series has explored the latest and greatest development projects the city of Brisbane has to offer – everything from Queen’s Wharf to Roma Street Station. 

The series has explored the ins and outs of each major Brisbane development project that is on the cards, and asked the tough questions, such as: Why is it is really needed and why does it benefit Brisbane? Plus, what does it mean for local real estate… and of course investors?! 

 City council has given the go-ahead for a multi-million-dollar plan to build Australia’s very first Mercedes Benz Autohaus, which is set to include a full service dealership, a Mercedes museum and service centre. 

 On top of a new luxury brand base, the proposal also includes a range of hospitality and retail options, with shops, restaurants and a rooftop function centre overlooking the river – all forming a key part of the development plan.

Experts are saying that the development is expected to completely transform the Newstead site, which was once the famous Breakfast Creek Wharf, opposite Breakfast Creek Hotel. 

We can think of three core reasons as to why this development is highly needed: 

The development is expected to create at least 250 on-site jobs during construction and around 100 additional jobs after construction.

According to Lord Mayor Graham Quirk, Mercedes Benz is the latest multinational company to relocate to the industrial precinct, which would help energise economic activity and create jobs.

“As well as generating local employment in automotive dealing and care, the development will create at least 250 on-site jobs during construction and around 100 additional jobs post-construction through its museum, staff training centre, restaurants and retail spaces,” he said.

“Brisbane is quickly becoming an established centre in the global business landscape, with large multinational corporations seeking to establish a more significant presence in the Australian market.”

The benefits to Brisbane

Aside from the immediate perks that come from a boosted economy and additional jobs, another significant advantage for Brisbane is the fact that the new Autohaus development is the first of its kind in Australia. 

This represents a major coup for the country’s New World City said Cr Quirk. 

“The Mercedes Benz site sits on a major gateway linking the airport to the inner city and beyond, and will join other major brands contributing to the growth and prosperity of the Newstead and Teneriffe industrial area,” he said.

The good news for investors

The fact that Mercedes Benz have chosen Brisbane for their flagship development of Australia’s first Autohaus speaks volumes!

After all, global multinational corporations, like Mercedes Benz, spend a lot of valuable time and resources into sourcing locations for projects such as this. The fact that they want to put their first Australian Autohaus in Brisbane should be a wake-up call to investors. 

Sure we can expect an influx of people wanting to live in the city during the construction phase of a project like this. That is to be expected. But the really exciting part comes post construction, once the development transforms a derelict space into something of global standards. 

Once the Autohaus is fully functional it is anticipated to contribute to the growth and prosperity of Brisbane’s new industrial area. This alone, is likely to create newfound confidence in our city’s local property market – with more and more buyers coming out of the woodwork to secure property in Australia’s New World City. 

Mercedes Benz is just one of many major brands that are taking notice of Brisbane, and everything the CBD has to offer. If, like them, you feel that our city is on the forefront of immense growth and prosperity then you need to jump on board with the opportunities now, before it is too late. 

For more information on current properties or to discuss your next lucrative investment, contact Hannah and the HSBP team on 0419 782 133.