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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 Rob Honeycombe on 5 July 2009

Life in the ‘burbs isn’t for everyone. The trimmed hedges, rolling front lawns and brick lowsets may be perfect for some but, for others, they’re a nightmare of endless mowing and maintenance. If the idea of a 40-minute commute sucks the life right out of you, here are some tips on finding an affordable home in the city.

Look for the uglies. Real estate is like a high school dance and the pretty ones do go first, and for higher prices. Why? Because most of us can’t use our imaginations (or are too lazy). Simple, really simple, renos and 5 tins of paint can make a massive difference to the purchase price. We’ve seen $3,000 spruce-ups add $30,000 to value – and more often than you’d think. If your housewarming needs to be a cocktail affair with the place looking schmick you mightn’t agree – but it can be just as much fun to invite friends over for a ‘paint and pizza’ night!

Brisbane’s inner city is full of brick apartment buildings from the 1980s and earlier. These were the days when only investors bought in the city – and they weren’t winning awards for their stunning architecture. In many cases the buildings look tired and there are no ensuites, lifts or gyms. On the plus side, they often have big rooms and great locations – and the renovation tasks are manageable on a budget. Think carpet, paint, window dressings and the kitchen when you can afford it.

Try Highgate Hill, Paddington, Bowen Hills (an area that’s got an enormous future) or Spring Hill. Old high-rises may not be fashionable property but they’re almost always close to transport and shops. When you get to sell there’ll be a ready market of investors and first home buyers – regardless of the ups and downs that might slow sales of other property.

Train-spotter? You will save big money if you buy alongside one of our many train lines, and if you pick the line (avoiding the freight routes) it can be okay. Main roads are another option but in our experience this noise is more constant and harder to live with. With either rail or roads it will take you longer to sell when the time comes as your pool of willing buyers is that bit smaller.

Those tight-budgeted house buyers needn’t give up either. Some of the ‘transition’ suburbs like the ‘Gabba, East Brisbane and Kelvin Grove have a reasonable number of affordable homes. You might have to live near a panel beater or a wholesaler for a time but this is Brisbane’s inner city and change will come sooner than you think.

# We wrote this article for the real estate pages of ourbrisbane.com