BRW Mag names us as "hotspot"
The 1990’s saw one of Brisbane’s least appealing areas transformed into the hip, sought-after and downright expensive suburb that is today’s Teneriffe. Industrial, grafittied and last on most home buyer’s lists for many years before, a co-ordinated program of changing land uses opened the way for sexy apartments and a population influx. Now this week’s BRW Magazine nominates our own West End as “the star performer of Australia’s urban renewal precincts”, with redevelopment of its industrial uses opening up a bright new future for both West End and South Brisbane.
Locals have seen this coming for years but with picking the next centre for capital gain now a national hobby it’s no surprise BRW have spotted this patch. Much of the area being transformed is within 20-30 minutes walk of the CBD and surrounded by the river on a relatively quiet peninsula.
Brisbane City Council recently released a local planning draft for a corner of South Brisbane where 6 storey height limits are about to give way to 25 storey commercial and residential towers. A vision for the year 2020 it forecasts 6,000 new residents and 14,000 extra office workers in this tiny pocket of less than 100 acres of land. The speed of change might just make previous urban renewal hotspots seem sleepy by comparison.