Bees Nees City Realty
The Buzz

Posts Tagged with Kangaroo Point Brisbane

Posted by admin on 16 January 2012

So here’s Brisbane city’s skyline today. Can you spot the difference to the view you’d normally see from the cliffs at Kangaroo Point? And, no, it’s not the dreary, cloudy day that makes you think you’re somewhere in Melbourne!

There’s no cranes.

Just out of shot to the left there are cranes on the new academic building at QUT and out of sight in the distance at North Quay there’s cranes working busily on the new Meriton Infinity Apartments. But for the first time in what must be many, many years, this view doesn’t include construction of a big apartment or office building.

Posted by admin on 30 March 2010

With so much happening with Brisbane infrastructure it can be hard to keep up. So here’s a ‘Cook’s tour’ of the latest:

The opening this month of Clem 7 is a significant milestone for a lot of reasons. It’s the first piece of the Lord Mayor’s “TransApex” plan, and this 4.8km tunnel is the first Brisbane river crossing for cars since 1986. Almost a quarter of a century!

The media write about the impact on cross-city travel, speeding travel times. But there’s also major benefits to the live-ability for inner city residents and property owners. Clem 7 will take 60,000 cars a day away from surface roads and move them underground. Residents of Kangaroo Point, Woolloongabba and South Brisbane will have less noise and less congestion.

The next piece of the Newman TransApex Pie is the Hale Street Link, a bridge between South Brisbane and Milton that’s due to open in just 2 months time. This one will help free up the traffic bottlenecks that occur in so many near-CBD junctions. Two new cross river crossings will be complete – amazing how things can actually get done!

Airport Link is the third major project, now being run by the state government, and with tunnel boring underway as we write. This 6.7km roadway will start at Bowen Hills, linking the Clem 7 and Inner City Bypass to out near the airport. Residents in suburbs like Clayfield, Windsor and Lutwyche will have direct and immediate benefit when it opens in 2012.

Suburbs like Auchenflower and Milton can often feel like thoroughfares for major traffic routes Milton Road and Coronation Drive. But with the Northern Link soon to burrow from the Western Freeway at Toowong and popping back up at Kelvin Grove to link with the Inner City Bypass, there’ll be some relief for these inner west residents. Northern Link is due to start construction this year and wrap up in 2014.

The fifth and final TransApex project is the East West Link. This tunnel would link the M1 at Buranda with the Western Freeway at Toowong, bypassing the West End peninsula to offer a significant cross-city link. Even the inner-south’s anti-development movement must be able to see the benefits of this one. Officially it appears East West is on hold for some years to come…

Savvy property owners and investors watch infrastructure changes with interest. There’s plenty on this list to keep us all busy for the next few years.

The TransApex plan for Brisbane

The TransApex plan for Brisbane

Posted by Rob Honeycombe on 12 October 2009

PrideWe were recently asked to dust off our crystal ball for www.ourbrisbane.com and paint a picture of inner Brisbane in the year 2020. No Jetsons-like spacecraft but it still takes some getting your head around!

“I closed my apartment door and while I waited for the lift to climb to the 25th floor I glanced across to the city skyline, its buildings piercing the morning clouds and soaring through them. A quick stop for my usual caffeine fix then down into the subway for the two minute commute under the Brisbane River to Eagle Street station.”

Brisbane’s property landscape will change enormously over the next decade. An imaginary day in the year 2020 will include a Gabba resident calling a 25th storey apartment their home. A new, high speed subway will likely link that suburb, and many inner suburbs, with the offices of the lower CBD. With a scarcity of land, its office towers will probably top 100 storey.

It might be mind boggling but this vision of Brisbane is almost here.

Our population continues to grow and taller buildings are being encouraged to house these new arrivals. Many middle-ring Brisbane suburbs will resist the trend, residents unhappy for ‘seismic’ change in their neighbourhoods. But change will be relentless in the inner city as light industry and other land uses make way for apartment development. Huge tracts of land in Bowen Hills, the RNA Showgrounds amongst them, are already in planning. The Gabba, South Brisbane and Milton are some of the suburbs that will look very different by the year 2020.

The landmark Fourex brewery may well be redeveloped into apartments, shops and, hopefully, a bar or two!

Despite the State Government’s plan to decentralize its workforce by pulling 20% of its offices out of the CBD, the demand for central office space will see heights rise. Our city centre will also spread, crossing the river as South Brisbane accommodates 30 storey offices. More bridges and more tunnels will link Kangaroo Point, New Farm, Toowong and West End.

Council will spend more on parklands, greening the city like never before to counter its ‘urban-ness’. North Bank will be developed, a substantial green belt and dining precinct lining the Brisbane River alongside offices and apartments that straddle and veil the Riverside Expressway.

Planners will take advantage of this greater population, encouraging streetside cafes, arts precincts, entertainment options and cosy laneway bars. The Parmalat site (Paul’s Milk) in South Brisbane might even be the site of Brisbane’s own Opera House …

Adding almost half a million new residents by 2020, Brisbane will not be the same city as it is today. For better and for worse.

Visit the real estate pages of www.ourbrisbane.com for more interesting articles.

Posted by admin on 4 June 2009
Northbridge Apartments

Northbridge Apartments

The massive BCC rates rises are here to stay, following a ruling by the Supreme Court that Council’s decision to increase rates was within its power. Many South Brisbane apartment owners believe council is not taking into consideration the fact there are often 180 or more residents per building and unit owners also pay excessive body corporate fees. It’s a fair comment. With the average large building lots equivalent to 2 or 3 suburban home sites (or 2 or 3 rate payers!), why does council expect apartment owners to subsidize utilities used mainly by suburban home owners?

Here are some examples (courtesy of today’s City South News): Castlebar Cove, Kangaroo Point up $361.60/quarter;  Dockside Hotel Kangaroo Point up $365.33/quarter; River Plaza, South Brisbane up $166.24/quarter

Posted by admin on 5 May 2009
my view...

my view...

Drew and I have recently made the move to Kangaroo Point seeking a lifestyle change…this is my experience…

It’s 5.14am. I open my eyes, realise it’s 5.14am and am slightly annoyed, why am I awake?? In my fogginess, I catch a glimpse outside across my balcony over the River and realise it’s still dark – a dark blue hue sprinkled with the City’s lights…it’s gorgeous and despite the ungodly hour, I smile. I notice a thin orange line spreading itself over the horizon…I realise I haven’t watched the sun rise in years, so I resist the urge to turn my computer on, wrap myself in my doona, get a bowl of cornflakes (with soy milk – yes, I’m vegan at the moment) and go out and sit on the balcony.

I literally watch in amazement as a few small rays start to peep over the horizon, stretched fingers testing the waters before the body makes its grand entrance. I can see that Bulimba hasn’t yet been touched by the thin line, but it’s creeping closer and closer. I think about all those people out there sleeping, missing this awesome sight, peaceful though in their oblivion… it’s proof enough for me that life really is great.

By 6.15am, the thin lines have become wide stripes – There’s a large yellow stripe, a light blue stripe and then it’s dark again. The sun’s arms are now outstretched and Mt Gravatt is starting to feel the warmth. I’m remembering that scene in the movie “City of Angels” where the Angels gather to watch the sun set and rise and they hear music as it does…I’m positive I can hear the violins…The sun is now on the move and its popped the top of its head just over the horizon. I can’t believe the amount of light it sprays – I’m truly in awe at the ability of the sun and think to myself that I really must be dumb to have not realised this before! My thoughts drift and then all of a sudden, a singe ray extends to gently touch the river…and a twinkling silvery line spreads. I’m finding myself smiling again…

By 6.35 or so, the sun has evidently had its morning coffee and is making speedy headway into the sky, ordering it to awaken. I’m sitting there, drinking in Vitamin D thinking this truly is glorious….I’m going to do this every morning! My resolve quickly dissolves when at about 2pm in the afternoon, I’m nodding at my desk and I hear, “Jodie, stop drooling, can I possibly pay you to do some work???”

BTW, on a side note, it took me only 6 minutes to get to work where it used to take me anywhere up to a very frustrated hour and I only lived 12km out of the City….THIS IS THE LIFE and for those of you thinking about doing it…NIKE!!! Just do it!

Posted by admin on 15 April 2009

Here’s a copy of the media release we’ve just sent out:

New statistics released today show the pressure’s coming off tenants in Brisbane’s inner city as the rental housing market finally grows.

According to Bees Nees Research the March quarter saw the supply of accommodation growing strongly, with 338 homes added to the rental pool.

Managing Director Rob Honeycombe says many of these are owners-residents who’ve been unable to sell and have instead rented their property.

“This increase isn’t due to lots of new property been built – construction of new investment properties is still very low. But with some owners unable to sell it’s no surprise those who have to move city for example are often choosing to rent their home”, Mr Honeycombe said.

Mr Honeycombe said the total bonds held by the Residential Tenancies Authority (RTA) for inner city properties had finally risen.

“The increase in the March quarter was the largest since early 2007 and the inner suburbs really needed it. We’ve had an acute undersupply for some time”, Mr Honeycombe said.

“Rents have naturally started to flatten as tenants have more to choose from and across the inner city have actually dropped slightly (a 2bedroom apartment dropped from $430 to $420/week). House rents are similar.”

In the CBD rents were up $10 to $520/week but areas like Kangaroo Point and East Brisbane dropped $40.

Mr Honeycombe says the lower stockmarket and superannuation returns may also be helping tenants. “We have a client who recently chose to rent spare bedrooms in her own home to provide a new income stream. Her investments aren’t providing a high enough return. We expect there’s many more stories like this out there.”

“With the flurry of first home buyers expected to slow after June and without new construction of any volume, we do expect the rental market to tighten once again. For the time being at least there’s more rental homes and that’s a breath of fresh air for tenants.”

If you’d like a suburb by suburb guide to median rents go to www.WhatRentMyHome.com.au for all the latest stats.

Posted by admin on 4 April 2007

Nestled right on the river bank in the shadows of Kangaroo Point’s apartment towers, the Brisbane Jazz Club is a fabulous venue for the serious and not so serious jazz enthusiast. They’ve been hosting professional and amateur musos from around Australia and the world since 1972, and have two events lined up for the Easter break this weekend, including the Brisbane Big Band on Sunday evening. It’d be hard to find a better night out for $20!

It seems like we’re fast becoming the ‘city of festivals’ and from the 24th to 29th of this month the Valley Jazz Festival will bring a wide variety of acts to 16 live music venues. Vince Jones will headline and there’ll be more than 50 local performers as well.

Posted by admin on 7 March 2007

Single young male Brisbanites take note – our inner city is no place to meet ladies! Occasionally we see an interesting statistic from the ABS and their latest population figures show many of our inner suburbs have a big deficiency in resident females aged 20-39. Spring Hill is our worst, with 1.5 men for every woman in that age group! Bowen Hills (1.38) and the Valley (1.29) aren’t much better. If you want to stay reasonably close to town Albion’s your best bet, with just 0.83 men for each young lady.

ABS has confirmed Brisbane City Council is Australia’s fastest growing local authority, up another 14,000 residents in the year to June 2006. That’s now jumped almost 100,000 since 2001 (so that’s who’s drinking all our water!) New Farm is our most densely populated suburb with a massive 5,500 people per square kilometre, with Kangaroo Point not far behind at 5,200.

Posted by Rob Honeycombe on 10 January 2007

Brisbane CBD“Tens of thousands of new homes will be forced upon traffic-choked suburbs under a State Government plan that councils have condemned as being unrealistic and shrouded in secrecy.”
While this article ran in the Sydney Morning Herald this week it might soon be a Courier Mail headline. Brisbane City Council’s leaders face enormous pressure throughout 2007 to find room to house our surging population. And some unpopular decisions have to be made, or our state government may need to step in to ensure its own regional plan can be delivered.

The NSW govt is asking Bankstown for example to find room for 26,000 more homes and they say these will need to be built entirely in the place of existing ones. Residents are in for some changes: Woollahra has to plan for 2,800 new homes while they actually built just two in the past year!

Unlike our southern cousins we don’t have the scattering of dozens of local authorities since our 1925 amalgamation into the BCC ’super-council’. But while the planning here is hopefully more organised it won’t be any more readily accepted by inner-Brisbanites, who generally want both their leafy 600m2 and the economic prosperity that comes with being this nation’s fastest growing capital city. Projects like the pending FKP development over Milton rail station will test Council’s commitment to growth – they’re asking for 30 storeys where there’s not been more than 10 outside the CBD or Kangaroo Point before now. It’ll have 192 apartments, a 120 room hotel and offices and shops.

BCC’s Urban Renewal division have started community consultation and are preparing a plan for a large part of Milton, ultimately trying to find room for greater density. Albion has recently had similar treatment and watch for more “strategic planning” across inner Brisbane this year. More development applications will try Council on for size – Toowong’s ABC and Woolworths sites might well be contentious hotspots in 2007.

BCC elections roll around again in just over 12 months so perhaps a state govt directive or two would be a welcome intervention for some of our city pollies!