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BILLIONS of dollars worth of infrastructure projects is in the pipeline for Brisbane, creating property hotspots around the city according to Place Advisory.
Brisbane City, Spring Hill, Woolloongabba, Dutton Park, Toowong, St Lucia, Indooroopilly, Hamilton and Nundah have been named as suburbs to watch.
“The current infrastructure pipeline has more than $47 billion worth of major projects in various stages, all of which will further enhance the attractiveness of the city, drawing in both owner occupiers and investors.
Walker says the BaT Tunnel, a double-decker public transport system between Dutton Park and Spring Hill, will accommodate the growing number of workers commuting to the CBD over the next 20 years.
“Inner western suburbs such as Toowong, St Lucia, Indooroopilly, Taringa and Mt Coot-tha will reap the greatest benefits from this tunnel as it will cut out the use of major roads such as Coronation Drive and Milton Road, which can get extremely congested in peak traffic.”
The Indooroopilly Shopping Centre redevelopment is in its final stages, expanding the plaza and attracting an array of new restaurants.
Walker says it’s important to strike “before prices take off too much” however improvements to the area will bring ongoing benefits to the local market.
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