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North Brisbane suburbs to keep an eye on in 2022
The Brisbane property market is set to have another strong year as we continue to see an abundance of demand for houses in the Sunshine State, in particular within lifestyle areas, with many of the belief we will continue to see double-digit growth throughout the state this year.
In the above video, we discuss the North of Brisbane, focusing on areas that are set to see strong levels of growth, as the city continues to expand further out of the CBD. Furthermore, we analyse a number of projects in the north of Brisbane, that will significantly improve connectivity, education and appeal to areas in and around the upcoming major infrastructure projects.
The first notable project we wanted to discuss, is the Olympic Village in the prestigious Brisbane suburb of Hamilton. Northshore Hamilton will undergo a spectacular transformation to become the main Athletes’ Village for the Brisbane 2032 Olympic and Paralympic Games – further cementing its reputation as Brisbane’s riverfront lifestyle precinct.
The Village will host 10,000 athletes and team officials for the Olympic Games and 5,000 Paralympians. Following the completion of the games, The Olympic Village will deliver a diverse residential offering, including aged care, retirement living, social and affordable housing, key worker, hotel, build-to-rent and market accommodation.
From improving connectivity to fostering creativity, more than $220 million is set to be spent over the next four years on six major projects within the Moreton Bay Regional Council Area.
The council is helping to create a bright future for generations to come by committing the first $26.6 million, which will include the planning and feasibility concept, for a potential $125 million Knowledge and Innovation Centre.
Located at The Mill in Petrie, the precinct would accelerate the site’s potential by fostering further education alongside the University of Sunshine Coast and attracting key investment industries that will ultimately create local employment.
Part of the Council’s long-term economic direction for the region, this project will drive innovation and entrepreneurship to position Moreton Bay Region as one of Australia’s top 10 regional innovation hubs by 2041.
As a whole, there is a lot to look forward to in the northern region of Brisbane, and an area we will continue to keep a very close eye on as we move through 2022. If you would like to discuss the Brisbane property market in more detail, please reach out to the team to organise a time to have a conversation about how Wealthi can help you build a successful property portfolio.
Chris Hynes is Wealthi’s Global Research Analyst, Based in London