Brisbane's future & new infrastructure, trends in Brisbane property

On your bike!

cyclistsSometimes you hear a new idea and think, “now that makes a heck of a lot of sense”. With little fanfare an Australian first has opened in Brisbane’s CBD. Cycle2City is a one stop bicycle commuter centre completed recently as part of the new King George Square busway station. With 450 secured bike racks, showers, airconditioned changerooms, laundry service and a repair shop, it’s a clever initiative to really make cycling a viable commuting option. (Sounds like a Qantas club for lycra-wearers!) Council and Queensland Transport funded the construction and with growing pressure on our road networks this is the sort of initiative Brisbane needs.

For some years BCC has required new office developments to make provision for bike parking but with little perceived value, at least in early stages, most developers installed basic racks and a handful of cheap lockers at best. Council’s own transport planning strategy for the year 2026 calls for 5% of week day trips to be made by bicycle (12% on foot too) so they’re aiming to add 1,150 kilometres of bike tracks, up from the current 760km. Greater accessibility and safety are important, along with better separation from vehicles. The new river crossings will help – Kurilpa Bridge (the artistic infrastructure formerly known as “Tank Street Bridge”) is just for pedestrians and cyclists and the Hale Street Link will offer a dedicated bike lane on the western side.

And here’s the impact for property owners. While the current easing in fuel prices might have delayed the trend a little, there’s a noticeable increase in buyers and tenants looking for locations that favour cycling. Safe access to a bikeway is now an advert-worthy feature and storage/garage space for bikes is growing in importance. We can sympathise with bodies corporate that don’t like bikes in lifts and on apartment balconies – but if the open basements don’t have secured bike areas tenants and buyers will discount your property. We’d suggest this is a trend that will grow with speed in years to come.

We often whinge that our city’s too reliant on cars for transport and if we’re any chance of changing this we might need a fresh way of thinking.