Brisbane’s Latest Infrastructure Projects
There’re so many things happening around Brisbane to make our city better and better every year. Here’s the list of recent development proposals that will help boost not only Brisbane’s lifestyle but its value well.
Darra Railway Parade
The shopping strip in Darra will be transformed to reconnect with locals and help the area grow. The project aims to highlight and celebrate Darra’s rich multicultural diversity and help local businesses. Renewal of the Railway Parade is expected to be completed by mid-2020.
At the beginning of 2020, the development of Albion Exchange was approved by Brisbane City Council. In addition to units, the new areas will have 2,000 sqm of communal space and a new retail precinct. This project will provide a great boost to the area.
One of the biggest constructions that the bayside area has seen is about to happen if the major redevelopment project is approved. The proposal for the redevelopment of Wynnum Plaza includes a cinema, more retail space and eight apartment buildings, which is amazing news for the area. Brisbane bayside has been on the rise with more people choosing the area for its coastal lifestyle, and if this project comes to life, the area will bloom even further followed by the value increase.
Howard Smith Wharves
This long-awaited precinct quickly became iconic with Brisbanites when it opened in late 2018, hosting nearly up to 10,000 people every weekend. There’s still more to come to Howard Smith Wharves, with market stalls and the new ferry stop helping connect the area with the rest of the city.
Cross River Rail
The tunnelling for Cross River Rail will begin this year in Brisbane Southside along with the redevelopment of the Bowen Hills Exhibition station. Six more stations are set to be upgraded between Fairfield and Salisbury. The Gold Coast line will also get enhanced with new stations added to the line. This project will bring major value increase to these areas once completed as they will become conveniently connected with the city.
There are so many exciting projects happening around the Sunshine State's capital, making it more attractive for interstate and overseas residents. Is your home close to some of these projects? Download our Instant Property Report to find out how your property is currently performing.