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New infrastructure will put Brisbane “on the map”

Property Markets / Planning, Zoning, Infrastructure

Australia / Brisbane

Apr 15 2018

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Future infrastructure should never come into a buyer’s decision says Right Property Group buyers’ agent Victor Kumar. 

Rather than consider upcoming projects such as Brisbane’s $3 billion Queen’s Wharf development, buyers should think about existing infrastructure of projects that are already underway, such as the $5.4 billion Cross River Rail. 

But Dr Kumar said the Queen’s Wharf project would put Brisbane on the map once completed, as would the second runway at Brisbane Airport.

The $944 million Brisbane Metro would also benefit the city’s southern suburbs and inner north, he said.

Major tourism projects will also have an impact over the short- to medium-term, says Zoran Solano from Hot Property Buyers Agency.

He told Domain the combination of the second runway, Queen’s and Howard Wharf, as well as the new Brisbane International Cruise Terminal, would dramatically increase the city’s exposure, which would flow on to its property market.

 

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