•    Significant Housing Capital Growth
•    Large Increases in Population above other States & Territories
•    Massive Creation of Employment
•    Huge Investment in Infrastructure

All of this will occur over the entire period from the announcement of Brisbane as the Host of the 2032 Olympics Games, until after the Games completion.

Why the Olympics?

One of the main goals of the Olympic Games, is to accelerate the delivery of long-term plans needed to support growth across Queensland, particularly for the SEQ (South East Queensland) region which is expected to grow by 1.9 million residents and 800,000 homes over the next 20 years.

By Neil Griffiths 15 June 2021

Australia is experiencing a “V-shaped recovery” in regards to the economy’s growth from the COVID pandemic and there are a few key reasons why, according to Commonwealth Bank’s chief economist.

Delivering a keynote during a CEDA livestream on Tuesday, CBA chief economist and head of economic and market research, Stephen Halmarick, outlined seven factors that can be attributed to Australia’s economic recovery:

•    Control of COVID-19
•    Sharp rise in consumer confidence
•    Surge in household savings
•    Improving house market
•    Jump in domestic tourism
•    Strong resource exports
•    Increase in public sector infrastructure spending

TED TABETMON 14 JUN 21

International students will be welcomed back to New South Wales from July under a pilot plan announced by the state government.

The plan, announced by NSW treasurer Dominic Perrottet, will allow 250 international students to fly into Sydney each fortnight from mid-year—just in time for semester two.

This pilot program, which has been submitted to the federal government for review, will run parallel to the state’s hotel quarantine program and is expected to expand to 500 students a fortnight by the end of the year.

RENEE MCKEOWN WED 16 JUN 21

High-density residential site sales on the Gold Coast jumped 238 per cent in 2020 as much of the rest of the country plunged to a seven-year low.

Only the Gold Coast and Perth bucked the trend for residential sites sales, which nationally dropped in value from $5.03 billion to $4 billion, according to Knight Frank Research’s latest report.

It predicted Australia’s national apartment pipeline would plunge during the next three years with just 86,400 new apartments planned for Sydney, Melbourne, Brisbane, Gold Coast and Perth.

RENEE MCKEOWNTUE 15 JUN 21
 
The Queensland government plans to establish a $1 billion housing investment fund according to its 2021-22 budget.

The fund is expected to generate $160 million in four years which will be used to “drive new supply to support current and future housing needs”.

The budget detailed further investment in social housing including $1.8 billion to increase the supply of social housing over four years with $30 million to be spent on fast-tracking these projects this year alone.

TED TABET TUE 01 JUN 21
 
Brisbane Airport has unveiled plans to build a $1-billion third terminal that will connect its dual runways.

The proposed terminal will be a 250,000sq m integrated L-shaped building that services both domestic and international operations, positioned between the two runways.

Brisbane Airport Corporation (BAC) said the development would be marked for completion in 2032, however, the timeline would be moved forward if Brisbane was confirmed as the host of the 2032 Olympic Games.

TED TABET FRI 28 MAY 21

The national pipeline for new apartments is continuing its trickle, research released this week has revealed, with predictions that in three years it will be a quarter of 2018's level.

Despite variations across a multi-speed national market, overall, the new apartment inventory is trending down as an improving rate of sale absorbs existing stock, the latest Apartment Essentials report from planning consultancy Urbis shows.

The number of apartments launched nationally dropped from 5000 in late 2019 to 3250 in early 2021.

Jodie Richter June 2, 2021
 

Ipswich City Council welcomes the announcement that a new public hospital will built in Springfield, bringing better health services to Ipswich residents’ doorsteps.

It marks the Queensland Government’s first significant budget announcement with 174 new beds confirmed for the new public hospital at Springfield.

The new hospital would be co-located at the existing 95-bed Mater Private Hospital Springfield.

TARYN PARISTUE 25 MAY 21

The cost of renting in regional markets has increased almost three times as much as capital city markets during the past 12 months.

The Corelogic hedonic rental value index, which tracks the combined value of rent estimates for all dwelling types, increased 9.6 per cent for regional rents, while capital city markets increased 3.3 per cent.

Corelogic head of research Eliza Owen said there had been an “extraordinary tightening” of regional markets.

Darrell GilesMay 17, 2021

Turning the first sod at Lions boutique stadium at Springfield Central

It’s a pride day for Ipswich, as the first sod is turned to mark the start of construction on the $70 million boutique arena at Springfield Central, that will become home to the Brisbane Lions.

A joint initiative of the Lions, Australian Football League, Springfield City Group, Ipswich City Council, and the State and Federal Governments, the complex will also house important community facilities.