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Brisbane's future & new infrastructure

Posted by admin on 16 March 2010

It was a landmark night for Brisbane with the long-awaited Clem 7 tunnel opening to traffic around 11.30pm last night. One of our team was on the spot to be one of the first through and he captured this video.

And no, this isn’t normal driving speed, the trip takes over 4 minutes but we’ve sped things up a little – it is just a tunnel!

Lord Mayor Campbell Newman is wearing a big smile today and he deserves praise. His election promise in 2004 was to get serious about inner Brisbane traffic and his “Transapex” masterplan  is about diverting cars around our CBD. The 4.8km Clem 7 tunnel is the first step and in skipping 24 sets of traffic lights its impact on our inner city will be significant.

Watch next for the opening in June of Hale Street Link, now called the Go Between Bridge. It’s about time Brisbane had these sort of solutions.

Posted by admin on 10 March 2010

We don’t often repeat material from other people on this blog, but the below notes from prominent Brisbane property commentator Michael Matusik are as topical as they come and deserve repeating as part of the ‘debate’.  The Government wants to debate the value of population growth to our city/state/nation, but unless we erect a big fence along Australia’s coastline how would we ever stop it?

Matusik Missive – Population debacle
10th March 2010

“I was involved in last week’s Great Growth Debate held by the PCA in Brisbane. This was held as a forerunner to the Queensland government’s own debate about the same subject, to be held at the end of this month. The PCA was hoping that the “pro” side of the debate would get a better airing if they ran their own shindig. The jury still remains out on that note.

In recent weeks, I have been asked on numerous occasions what I thought was the purpose of the government’s upcoming debate. My answers included – to distract and confuse the public; to been seen to be doing something; and to remove the sale of public assets off the media’s agenda for a while. I might have even said “bogan” public, which sounds harsh, but too many (and increasingly so) of our fellow citizens are not interested in any serious debate; readily swallow the spin and are more interested in what tattoo they are going to get next, rather than how the place is run. Get rid of compulsory voting if you ask me. But I digress.

As I said in my short presentation at the PCA gig the other day, it is a waste of time debating growth – it will continue to come. We need it, and even if we wanted to stop it (or even slow it down), we are largely helpless to do so. Even “planning for growth” is a waste of time – we have more plans that you can poke a stick at. What we should be debating is “how to accommodate growth”. We need implementation. Action is what is missing, and so too is political fortitude. Whilst I agree more with Mayor Pisasale’s ideals, I also admire Mayor Abbot, for at least he stands up for what he believes in and is prepared to be voted out come the next election if his constituents disagree.

What the market wants – and by, market, I mean residents, business, investors and the development community – is certainty. Strong leadership would have conducted this growth summit before the redrafting of the SEQ regional plan. The same would apply to the koala issue; ban the banning; potential changes to land tax and the sustainability declaration, to name just a few. Future planning matters should be dealt with in an organised way, such as the prescribed five year review of the regional plan.

But at almost every turn these days the Queensland government introduces a bill into Parliament, without adequately consulting the public. Sometimes, as in the sordid land tax case, previous decisions by the court are sought to be overturned. This uncertainty broadcasts loudly to potential investors in the state, to whom a stable legal system, with an observance of the rule of law, is a precondition to any investment. And many are not happy, Anna!

Back to accommodating population growth. I suggest the following measures:

Ø Decentralise the workforce out to major greenfield estates and beyond.

Ø Encourage more competition by forcing the major developers to release stock rather than drip feeding the market. They deny it, but that is exactly what they do.

Ø Get urbanisation to work by having minimum density targets, on a sliding distance scale, around our key pieces of infrastructure.

Ø Shorten, and make development approvals easier to get. ULDA gave themselves an approval in six months. That should be the benchmark now. Proof, as they say, is in the pudding.

Ø Limit local resident involvement to architectural, land use and sometimes tenancy matters only and not in the overall quantum of a new urban development.

In order to do such, a strong top-down approach to planning is needed. This takes political guts. Bottom-up planning, where NIMBY-ism rules the roost, is not working.

Population growth is coming. We cannot stop it and I suspect that it will accelerate (in Australia at least) over coming decades rather than slow down.

Unfortunately, “development” today is a dirty word in Queensland. What is even more despicable is that the government does not appear to see land as a significant asset. Nor do they understand – well, at least it is not portrayed as such to the voting public – that value adding to our land (i.e. development) creates wealth, jobs and a more sound economic future for Queensland.

In the lead up to the government population growth summit at the end of March, I hope that these thoughts or similar get an airing. In my mind, it is vital that they do.”

Share your views on “Michael’s Blog” at www.matusik.com.au

Posted by admin on 8 March 2010

Cordelia Street South BrisbaneJust to prove that some real estate agents really don’t have a life, I took this photo on my nokia at 10.37pm last night whilst working late at our office in South Bank.  There was plenty of activity at the intersection of Cordelia and Peel Streets, as workers complete streetscaping as part of the Go Between project (South Brisbane’s newest traffic and pedestrian bridge).

Posted by admin on 3 March 2010

South Brisbane isn’t the only inner-city hot spot on the up and up, with Council approving a plan which could see high density construction to 30 storeys in the Valley and Milton. In my opinion, well done Council.

Hopefully northside locals will get behind local developers with some positive support for good planning and design. Similar actions in South Brisbane have been some local activists stifle what should have been good news with the improvement of local infrastructure brought forward by new buildings.

This is not just something that sales agents should applaud. Take a look at how new developments have, and will continue to improve inner-city hotspots like South Brisbane. 10 years ago you wouldn’t go out at night here alone and now it’s a vibrant community with a really bright future. We all need to see things for what they are and understand that further high density construction is inevitable – if this can be done well, we all have something to look forward to.

Posted by admin on 25 February 2010

wheelie binWe’ve just read all the news online about the new fine imposed for leaving your bin out for more than 48 hours and we don’t strongly disagree.
As residents of inner city and suburban streets of Brisbane we like a neat street. But as real estate agents we wonder – who will pay the fine?

We’ve today gone out to a property under our management to complete the exit inspection, the tenants have moved on. The tenants have done exactly what we expect them to do and left their bin out waiting for bin day. I’m not dragging it in and dragging it back tomorrow (especially on 30 homes a month) Where would agents fine time. And..Yuck!

366 comments on news.com.au clearly shows people have an opinion on this issue. As a tenant or landlord in Brisbane what would you prefer?
a) Tenant leaves bin on street and property manager pulls in within reasonable time frame
b) Council fines landlord, so bin is left inside and stays full (ooh stinky for next tenants)

We know for sure it will be landlords that will pay the fine (Council has all their records at their fingertips and nothing for the tenants) and that doesn’t seem fair.

We know it is an issue, but I think a ‘repeat offender’ system might have to be adopted. Your thoughts?

Posted by Rob Honeycombe on 15 February 2010

Brisbane cityDid you know one quarter of Brisbane’s residents live in our inner city and these suburbs have 350,000 jobs, one half of the city’s total workforce?

We often read about Brisbane’s inner city and how it’s a unique lifestyle compared to the ‘burbs, but it’s rare to see this defined in any way. Where is our “inner city” and how are its residents any different, if at all?

In a current BCC and government planning process called “River City Blueprint” we’ve got a rare snapshot of the area they define as the 5km radius of our CBD. From Taringa to Morningside, Lutwyche to Annerley, this plan is being overlaid on the more than 30 separate planning documents in the area. It’s an attempt to give these suburbs a cohesive master plan.

So here’s the facts:

Brisbane’s inner city is just 78 square kilometres or 6% of our geography. With approx 250,000 residents that’s 28 people per hectare. Around 51% of us live in medium and high density dwellings compared to a quarter to all Brisbanites. We have less kids than the ‘burbs but more 18-34 year olds. There’s fewer families, more lone person households and more of us choose to work.

No big surprises there.

This is a multicultural area with a quarter of us born overseas. After Poms and New Zealanders those born in China are highest in number so Mandarin is our 2nd most spoken language, (assuming you call Kiwi “English”!). Some 22% say they don’t have a religion and Buddhism (2%) is still a distant second to Christian denominations (56%) for those who do nominate a faith.

Compared to Brisbane’s ‘burbs-dwellers we have higher incomes, more Bachelor and higher degrees and there’s more professionals and managers. We also own less cars and 10% of us walk to work.

The Blueprint taskforce collated this data from the last Census so it’ll be interesting to see how it’s changing. Go to their website if you want to read more or submit your own views on our inner city’s future.

One thing’s for sure: if the government’s projections for 200,000 new inner city jobs comes true we’d better build some more housing.

Love to hear your comments. How is inner Brisbane different to the city’s outer suburbs?

Posted by admin on 15 February 2010

It might just be us but we’re excited this new inner Brisbane city bus loop is starting earlier than planned. It’s going to run a  circuit  through West End, South Brisbane, the CBD and into the Valley and Newstead. The big news is you won’t have to wait longer than 5-15 minutes.

Have a look at the CityGlider route for yourself.

The loop will run 24 hours a day on Fridays and Saturdays and BCC now says it’ll kick off in March, coinciding with the opening of the Clem 7 tunnel.

No guessing timetables, no waiting or uncertainty and one, flat fare. We’ve already been to the Translink website to sign up for a Go card (the prepaid way to jump off and on the CityGlider).

Posted by admin on 20 January 2010

After much anticipation Quattro on Astor has just been released onto the Spring Hill market with its major launch last weekend. The building has been sitting there for a year or so without any activity as a result of the developer going into receivership.

I looked around the development yesterday which comprises of 52 residential  apartments which are all 2 bedrooms, most with 2 bathrooms. Although Quattro has only officially been on the market a number of days reports are that 60% of the apartments already have contracts on them.

A great vote of confidence for the local Spring Hill market!

Its location is on the junction of Spring Hill, the CBD and the Valley and is ideal for virtually everything that central Brisbane has to offer.

Great thought has gone into the design of the apartments. One of its best features in my opinion are the generous balcony areas. A good spot to enjoy not only the views but also the sub tropical climate that us Queenslanders love. The rooftop pool, spa and sauna looks like a great spot to exercise and relax. Overall the design and quality of finish is high.

Remaining apartments are priced from $490,000 so if you can picture yourself in this environment give me a call (0404 397 117) ASAP as these apartments won’t last long. I’d be happy to show you around, you won’t be disappointed!

Quattro on Astor

Posted by admin on 13 January 2010

Grey Street South BrisbaneWhat’s the deal here?  Premier Anna Bligh last week unveils the site plan for ABC Brisbane’s new South Bank home and everyone from Spring Hill to Yeronga jumps up and down?!

Don’t get me wrong, even a  real estate agent like me can appreciate the value in protecting a reasonable level of green space, but isn’t that already happening?

And has anyone bothered to ask Grey and Little Stanley Street traders what they think?  I was at My Sweetopia yesterday and noticed the street deserted.  Ask any local shop owner and I’m sure they’ll be welcoming with open arms the hundreds of new customers who’ll be calling the ABC building home.

 

Posted by admin on 4 January 2010
(photo courtesy of www.newsweek.com)

(photo courtesy of www.newsweek.com)

I’ve just read with interest that Ipswich real estate is going to boom in 2010.  I don’t know that market well, but it does makes sense.  There’s plenty happening in the suburbs to Brisbane’s west – with an explosion of road work activity costing a whooping $2.8 Billion , hundreds of millions of dollars worth of new infrastructure at RAAF Base Amberley, and Delfin’s continued success at Springfield Lakes.

But what about South Brisbane?  The $63.3 million Kurilpa Bridge is now complete (with the “Go Between” due to finish mid 2010); plus there’s still a genuine undersupply of rental accommodation and no new development planned for at least the first half of 2010.

It’s little wonder some local agents are spruiking the possibility of a seller’s market come Easter.  As South Brisbane’s property specialist I know I’m massively biased, but it looks like South Brisbane property may see its own boom in the coming months – fingers crossed!