Billion-Dollar Facelift For Gabba Stadium Planned

  • By Peter Gordon
  • •
  • 04 May, 2021

There is so much going on in Brisbane, which is great news for our clients who have purchased in Brisbane over the past few years.

A $1-billion redevelopment of Brisbane’s Gabba stadium will be at the heart of the city’s bid to host the 2032 Olympic Games and Paralympics.

Queensland Premier Annastacia Palaszczuk revealed the Gabba precinct would be the centrepiece for the Games. It would showcase the city and use the neighbouring Cross River Rail, she said.

“The Gabba has been home to our sport since 1895 .... a home for the 2032 Olympic Paralympic Games could be its crowning glory,” Palaszczuk said.

The proposed upgrade would increase capacity from 42,000 to 50,000, which has left some critics questioning the value of the billion-dollar price tag.

It is a substantial chunk of the $4.5bn budget initially proposed by the International Olympic Committee when Brisbane was announced as the preferred venue earlier this year.

The plans would capitalise on the connected Cross River Rail station, already under construction and due for completion in 2024, and would also include a new pedestrian plaza to link the two facilities, replacing initial suggestions of Albion as a potential stadium site.

Palaszczuk said hosting the games in the city’s centre would make the games more accessible to more people, and the pedestrianised plaza would also be part of the events focus.

The Games is predicted to create more than 100,000 new jobs and fast-track infrastructure developments across south-east Queensland.

Brisbane stadium design firm Populous provided concepts of what The Gabba would look like as an Olympic Games venue.

Palaszczuk said the plans were contingent on financial commitments from all levels of government, and that she had been in conversation with Prime Minister Scott Morrison.

Australian Olympic Committee president John Coates met the Queensland government cabinet earlier this week and said the IOC did not want countries to go out and spend big money on "white elephant" infrastructure.

“They’ve got to get in one [mindset] in terms of the funding not for the games but the funding, that this region requires to host the games…the future infrastructure, transport, in particular rail and road,” Coates said.

“The IOC is on a budget of circa $4.5 billion, the IOC puts in $2.5 billion give or take the exchange rate ... then you get $1 billion from national sponsorship and $1 billion from ticketing.”

Article courtesy The Urban Developer 20/4/21

If you're considering investing in property we're here to help! We haver many options available and believe now is the right time to invest. Let us assist you and show you opportunities that are available, check out our property page or contact me for a Zoom meeting.
schedule a Zoom Meeting  here

Introducing The Palms Estate, Cairns - The Northern Beach's Premier Address

By Peter Gordon • April 26, 2023

Quiet simply, the Palms is the place to buy!

The northern beaches of Cairns is the Nation's best location for property investors right now, and The Palms is the premier development in this boom region.

It has the best location being elevated and backing onto the rainforest. It will have amazing facilities with a shopping village, a primary school, parks and green open space, a water park and an expanse of wildlife corridors.

It has taken the developers three years to get planning approval for this unique development to be able to hit the market. There are only 300 lots spread across 85 acres of the best land in The Northern Beaches.  Residents will have an abundance of open space right at their doorstep.  The Palms is also the only Certified Enviro Development project in Far North Queensland.

> Cairns Snapshot

In the rivalry between Sydney and Melbourne, the winner is ... Brisbane

By Peter Gordon • April 20, 2023

Sydneysiders and Melburnians, put aside your equally outstanding flat whites for a moment. Stop bickering about whether great beaches beat cool laneways (they do) and desist from debating whether all baristas require waxed moustaches (ideally).

Because Brisbane is closing in on the title of Australia’s best city, and we must join forces to keep this subtropical upstart in its place.

Time  magazine recently named Brisvegas on its “World’s Greatest Places” list, and omitted our cities. It’s a huge shock (and who knew they still published Time  magazine?). But they might be onto something.

Time  points to the 2032 Olympic and Paralympic Games, which will be hosted in the maroon metropolis. Brisbane will do a fine job, even though it’ll baffle the world when rugby league is added to the schedule and Queensland is allowed to field its own team.

Time’s  most radical claim is that Brisbane is worth visiting now, but tourism is surging. Not only did Lin-Manuel Miranda recently drop in to catch Hamilton , but hundreds of Hamilfans flew up to watch his interview with Leigh Sales (presumably unaware that it would subsequently arrive on iView for free).

Incredible Lifestyle At An Affordable Price  Equity of approx $390K on completion

By Peter Gordon • April 6, 2023
This small duplex development just a short drive from Hervey Bay on Queensland’s beautiful Fraser Coast, offers an incredible lifestyle at an affordable price. With unprecedented demand and very limited supply, prices look set to skyrocket.

A leading local agent has appraised each side of these duplex's to be worth $665k on completion and rent for $495 per week. So that is massive potentail instant equity of up to $390K on completion, which is incredibly hard to find.
Show More
Share by: