Brisbane lights up with billions of dollars in new infrastructure investment
A major infrastructure building boom is under way in Brisbane, which is set to cement the Queensland capital’s position as a new global city for many decades to come.
From the $3.6 billion integrated casino resort precinct Queen’s Wharf to Queensland’s largest infrastructure project, the Cross River Rail, major construction is under way everywhere you look in the Brisbane’s inner suburbs.
The favourable outlook for the fast-growing city comes as CDL Australia has chosen Brisbane as the location for its first 100 per cent owned Australian property development, Brickworks Park.
An inner-city transformation
Brisbane’s impressive infrastructure pipeline puts it firmly on the map as a global city.
It also sets the scene for major infill projects such as Brickworks Park in Alderley, at just five kilometres from the city centre, to take full advantage of a bonanza of game-changing leisure, transport and recreation options currently taking shape.
Brickworks Park, itself a benchmark transformation of a 4.67-hectare site, will offer much needed new apartment and luxury townhouse living in a prime location as part of an ongoing revitalisation of the inner suburbs.
According to exclusive research undertaken by leading property consultant Urbis for CDL Australia, the Brisbane CBD will offer more than 78,000 new jobs by 2041.
Suburbs such as Alderley, just minutes away from the city heart, are forecast to become even more highly sought after in future.
Five top Brisbane infrastructure projects
Cross River Rail (above): With more than 2,000 people already working on the Cross River Rail Project, a major transformation of Brisbane’s rail network is under way. The project’s 10.2 kilometre line from Dutton Park to Bowen Hills will incorporate 5.9 kilometres of twin tunnels and four underground stations. Once complete, it will allow more trains to operate throughout Brisbane.
Brisbane Metro (above): All of Brisbane will benefit from the Brisbane Metro, designed as a key part of the transport network connecting the city to the suburbs. The first stage of the project is under way, with a 21 kilometre service connecting 18 stations along dedicated busways. With 60 new electric buses, turn up and go services, and an aim to reduce congestion bottlenecks, getting around the city is set to become much easier.
Queen’s Wharf (above): Expected to open in 2022, construction is well under way on Brisbane’s $3.6 billion Queen’s Wharf development spanning more than 26 hectares across land and water. The development will include luxury hotels, more than 50 bars and restaurants, and the equivalent of 12 football fields of public space. The public space will help accommodate the additional 1.39 million visitors it is expected to bring to Brisbane.
Brisbane Live (above): Planned as a new, world-class arena in the heart of Brisbane, Brisbane Live is a $2 billion project to be built above the Roma Street rail lines. The 17,000-seat arena would be able to showcase international concerts as well as world sports events. It would also benefit from the Cross River Rail and Brisbane Metro projects, both with stations at Roma Street.
Victoria Park (above): Within a few minutes of Brickworks Park, Victoria Park golf course is being converted into an iconic public parkland featuring suspended canopy walks, as well as kayak and swimming lagoons. A new Cultural Hub will be the park’s key attraction, with three constructed eco-systems allowing visitors to experience a subtropical rainforest, coastal communities and other distinct landscapes. A gentle slope on the park’s southern side will offer an ideal spot for community produce gardens.
