Gold Coast Airport has revealed plans for a $50 million Rydges-branded hotel as part of the airport’s Preliminary Draft Major Development Plan. The draft plan maps out the proposed construction of a four-star Rydges hotel in the precinct, featuring up to 200 rooms, conference facilities and a roof-top bar, swimming pool and restaurant. Federal approval of the Gold Coast Airport Master Plan was received in mid-2017; Queensland Airports Limited expects that by 2037 the airport is forecast to have 16.6 million passenger movements annually. Gold Coast Airport chief operating officer Marion Charlton said the hotel was a major part of the project, which would enhance the appeal of the airport as a destination, moving forward to the next stage. “We wanted to develop an iconic hotel that improved convenience and amenity for passengers and visitors to the local region,” she said. Gold Coast Airport chief operating officer Marion Charlton said the hotel was a major part of the project, which would enhance the appeal of the airport as a destination, moving forward to the next stage. “We wanted to develop an iconic hotel that improved convenience and amenity for passengers and visitors to the local region,” she said. QAL executive general manager Carl Bruhn said the organisation had several projects underway on the southern Gold Coast and in northern New South Wales. “Our long-term property strategy aims to develop land on airport and our external sites, to cater for growth over the next 20 years,” he said. Accompanying the hotel within the overall master plan, which was approved by the Federal Government in 2017, is Gold Coast Airport’s “Project LIFT” – a proposed overall expansion of the terminal to increase the airport’s capacity to meet future demand including the creation of around 20,000sq m of additional aircraft parking space. Gold Coast Airport also unveiled plans to install an instrument landing system, a well-established technology that improves an aircraft’s ability to land during adverse weather conditions, rather than being diverted to other airports. Additional works are also currently underway to improve the passenger experience at Gold Coast Airport by introducing a self-check in “Common Use Passenger Processing System” which would allow travelers to check themselves in and tag and drop their own bags, facilitating faster passenger processing and reducing queuing and congestion. Public consultation will close on 4 May, 2018. Source: Gold Coast Bulletin 12 February 2018 The post Gold Coast Airport’s Redevelopment Plan Takes Off with $50m Hotel appeared first on Real Estate in Australia. via Tumblr Gold Coast Airport’s Redevelopment Plan Takes Off with $50m Hotel Property giant Lendlease has entered into a development agreement with the Brisbane Racing Club to develop an integrated retirement and aged care precinct overlooking the Doomben racecourse. Developed over five stages, the two-hectare development will include 300 independent living units, 108 full service high-care aged beds and resort-style facilities including a café, restaurant, and a new bowls club. The Brisbane Racing Club is developing a $1.5 billion master plan, which includes the “reinvigoration” of an 89-hectare site in Brisbane’s Ascot, with Mirvac building the residential component, designed by BVN. Lendlease’s deal with Brisbane Racing Club comes as the developer re-entered the aged-care sector last year, purchasing 756-bed licences from the federal government on the eastern seaboard and finalising an alliance with Catholic Healthcare. In 2013, the company had exited the aged-care business, selling its aged-care business to Archer Capital for $270 million. Chief executive Steve McCann said at the time that the aged-care business was more closely aligned to healthcare services than property. Tony Randello, managing director of Lendlease’s Retirement Living business, said the company was attracted to the Doomben site’s metropolitan location within seven kilometres of the Brisbane CBD, proximity to Royal Queensland Golf Course, Hamilton Wharf, Racecourse Road and the Brisbane International Airport. “The site provides an opportunity to develop a market leading, intergenerational retirement and aged care community adjacent to a renowned racecourse,” Randello said. “We look forward to working in close consultation with BRC, local authorities and the local community to develop the master plan and respond to the ageing population of greater Brisbane.” The chairman of Brisbane Racing Club, Neville Bell, said the project was another important step in the BRC’s $1.5 billion master plan. “This development agreement represents the next phase of the BRC Master Plan over our two racecourses. While we have been active in transforming the Eagle Farm precinct, this is the first project on the Doomben side of our Club,” Bell said. “This partnership with Lendlease is part of the BRC’s strategy to develop our non-core land. This is producing a diversified business model that will future-proof the BRC and help to fund new racing and patron facilities.” Lendlease participated in an expression of interest sales process to acquire the site, which is a 99-leasehold interest. In October, Lendlease announced a sale of 25 per cent of its $1.7 billion retirement living business to giant Dutch fund APG Asset Management in order to support its development plans, with APG being seen as a capital partner with a similar vision. Lendlease has 71 retirement villages across Australia. Source: The Urban Developer 6 February 2018 The post Lendlease Announce Partnership to Develop Aged-Care in Brisbane appeared first on Real Estate in Australia. via Tumblr Lendlease Announce Partnership to Develop Aged-Care in Brisbane 1/30/2018 Palm Beach Booming As New Figures Show Unit Prices Rose 22 Per Cent In Three YearsRead NowTHE once-quiet suburb of Palm Beach has become a “funky and hip’’ destination of choice for celebrities and developers who are rolling out hundreds of millions of dollars in new projects. At least five unit complexes are under construction, with two more set to roll out this year. New figures reveal apartment prices in the area have increased 22 per cent in the past three years, according to a Corelogic RP Data report. Property industry figures say the property values are expected to continue going “from strength to strength” . Area councillor Daphne McDonald said many people were attracted to the area because of its strong community and lack of high-level development . “People just love it and everywhere you go there is a great community and everyone mixes well – it doesn’t matter if you are a millionaire because we all go to the same watering holes,” she said. “I am not surprised it has become so popular and there are homes which were selling for $400,000 a few years ago which are now worth $800,000. “A lot of people who come here are also concerned about overdevelopment in other places, as well as the light rail coming.” Among the next projects set to roll out is Sunland’s Magnoli townhouses, which have already sold out, and the units of its two proposed towers to be released to the market later this year. The two 12-storey towers were approved by the Gold Coast City Council in November last year despite 26 submissions against the project and the concerns of locals and Cr McDonald. Also approved as part of the project were six terrace houses, shops and a huge park which will be open to the public . DG Project’s Canopy went on the market in early January with half of its 49 units already sold. DG Projects director Paul Dolso said the area’s growing bar and restaurant culture made it attractive for developers . “All the new cafes and bars are making Palm Beach a young and hip area, with plans for more infrastructure like the light rail coming in future years,” he said. “It’s a tight-knit community and has been somewhat under the radar for a long time now but we are starting to see it grow.” Other projects under construction at Palm beach include the 46-unit Jefferson tower and the luxury 17-unit building One Palm Beach. Jayde Pezet, director of KM Sales and Marketing, said the suburb was becoming increasingly “funky’’ . “We have seen a jump in sales prices as Palm Beach appears to have emerged as a destination both for locals and international visitors,” he said. “From a culture point of view the restaurants and eateries have come into their own through the Palm Beach corridor and there is a really funky scene emerging as a younger demographic takes hold. “On the development side of things, we are mostly seeing smaller projects which suit the area rather than someone suggesting putting a super tower down in the middle of the suburb.” The post Palm Beach Booming As New Figures Show Unit Prices Rose 22 Per Cent In Three Years appeared first on Real Estate in Australia. via Tumblr Palm Beach Booming As New Figures Show Unit Prices Rose 22 Per Cent In Three Years FAMILIES are flocking to the northern Gold Coast in droves with three suburbs making the region’s top five suburbs for families, new data reveals. The study from Aussie Home Loans and CoreLogic revealed 68.1 per cent of households in Maudsland have children. The report showed there were 209 sales in the past 12 months in the suburb, while the median home value is $582,587 and the median unit value is $518,404; the latest market analysis showed a 4.2 per cent growth over the past 12 months. Maudsland was one of three northern suburbs to make the top five local family-friendly suburbs, with 64.8 per cent of Pacific Pines to the south occupied by families, while Upper Coomera on the other side recorded 63.05 per cent of households have children. REIQ Gold Coast zone chair Andrew Henderson said the northern sprawl’s price point is attractive to families. “I think they will continue to see strong growth, the properties are affordable, nice and new and job prospects between the Gold Coast and Brisbane are enormous,” Mr Henderson said. “There is continuing works like the development of the Coomera Town Centre, which is huge infrastructure, and jobs come with that.” Construction has begun on a 49-lot estate in Maudsland with the first round of lots due to be released soon. Project director Geoff Burn said interest levels suggest Harriet Lane will be popular with families. “Generously sized lots are popular on the Gold Coast. We are seeing a lot of people from big cities such as Sydney and Melbourne flock to the northern end of the Gold Coast for a more relaxed lifestyle and to bring up their families,” Mr Burn said. “We are finding there has been a significant shift in the Gold Coast property market, there is a lot of buyer confidence and housing prices are starting to increase in the lead up to the Commonwealth Games.” “The area has the advantage of living in a relaxed environment away from the hustle and bustle of the city, but it is close to schools and public transport giving residents ease and convenience.” Top Gold Coast suburbs for growing families Maudsland 68.1% Pacific Pines 64.8% Gilston 64.3% Bonogin 64.2% Upper Coomera 63.05% Extract from The Gold Coast Bulletin 27 January 2018 The post Gold Coast’s Top Family Suburbs appeared first on Real Estate in Australia. via Tumblr Gold Coast’s Top Family Suburbs THIS year could be the year you actually do it — take the first steps to financial freedom through building a property portfolio. Here’s how: GET FIT, get healthy, and get rich! Chances are one, if not all, of those new year’s resolutions were on your 2018 “to do” list but as January ticks by the idea of coming home from a jog and drinking a kale smoothie actually seems like a terrible idea. But promise number three doesn’t have to be broken. This year could be the year you actually do it — take the first steps to financial freedom through building a property portfolio. Sure, it’s not going to be easy, especially if you’re living and working in a city where an average house will set you back a lazy $1 million, but these money experts say building wealth can be done. Property guru Chris Gray quit his 9-to-5 corporate gig at just 31 and although times may well have changed, he believes young people hoping to kick start a property portfolio can still dream (and succeed). “Anything is possible. It might look very daunting now, but when you look back in five or 10 years time it will all seem very easy. Just like climbing a mountain, you just need to concentrate on one step at a time,” he said. Mr Gray, who is now a buyers’ agent, author and presenter on Sky News Business’ Your Property Empire, said just the shortest hesitation could cost you so there is no time like the present to act. “Property is typically getting more and more expensive every year, and so if you don’t make a start on it now, it will be even harder in a years time. The earlier you start the better. Work hard and sacrificing in your 20s and then you’ll be enjoying some of the better things in life in your 30s and beyond,” Mr Gray said. Graham Cooke, insights manager, with financial comparison website finder.com.ausaid there are 10 simple tips that hopeful property investors should follow in order to get cash savvy. He said smart decisions like the obvious step of avoiding too many restaurant meals, to getting the share economy and technology to work for you should all be carefully considered. Mr Gray said wannabe investors should start straight away by crunching numbers, not get bogged down with the “what ifs” and just start saving; Get it down on paper Calculate what you currently own (bank balances, superannuation) and what you owe (HECS, credit cards, car loans). Write down what you’re spending as most people have nothing to show at the end of the month and they don’t know where it all goes. Work out a budget and commit to save a certain amount every month. Make a sacrifice now on easy things like expensive coffees, staying in a few nights, taking a packed lunch to work and you’ll be rewarded by extra holidays in the future. Draw a picture-board or stick magazine pictures onto a large piece of paper as a dream board — unless you can give yourself a big enough WHY to do this it will never happen as soon as there are small hurdles along the way you’ll give up. Once you’ve done the homework, take your financial information to a mortgage broker even if you’re not in the market to buy your first property right now. A broker will assess what you can borrow, which will give you your ultimate motivator — how much you are going to need to save to get started. Keep the big picture in soft focus Have your 10 to 20-year dream in your mind and roughly work out how many properties it would take to achieve the income and wealth you’ll need. But just concentrate on getting your first property. Once that has settled, then start working on the next and so on. Because the property market doesn’t rise by a consistent amount every year so some years you might buy no property and then you might by two in the same year. Ditch the fear of debt It all depends on what assets, liabilities and income you currently have, but for most young people, yes you will need to sacrifice. But for those who already own a property, the sacrifice will be in spending some time and money learning to get over your fear of debt. It’s about learning that buying more property is likely to make you more money than you’ll save by paying off your debt. The big money in property investing is in your attitude, mindset and knowledge — not necessarily about timing the market, finding the next boom suburb or being the best renovator. No huge pay cheque, no worries. So you have a less than impressive wage, but that’s no reason to give up the dream of a property portfolio. There are plenty of examples of people on low incomes and little education making a fortune in property — it all comes down to your “why” and your motivation. Get a part-time job at night or on the weekends, or drive for Uber on way to work to offset some of your car costs. If you try and save 10 to 20 per cent on what you spend, and earn an extra 10 to 20 per cent income, it will make a difference over time and it’s not a sacrifice forever. Graham Cooke’s advice to hopeful property moguls is to make simple changes in your day to day life to lead to a successful future; 1. Chase discounts If you’ve got your sights on a property, you need to get serious about saving which means being frugal. From bundling products (such as your savings and transaction account) to negotiating a better deal on your home loan or credit card, to making the most of early-bird offers or searching for shopping coupon codes, there are various ways you can unlock better value for your day-to-day costs. 2. Share a Netflix or Spotify account with your housemates While the monthly fee for a TV or music streaming account may not break the bank, the annual cost of Netflix, Stan or Spotify accounts add up over time. So it makes sense to share an account. Why pay for separate accounts when you can use the same subscription? 3. Make the most of budgeting apps There are so many budgeting apps and resources at our disposal which can make money management easier. Whether it’s using online calculators to estimate the cost of stamp duty, or downloading apps (like Splitwise) to help manage joint bills, make the most of these resources to save smarter. Even apps like MotorMouth or Petrol Spy can help cut your fuel bill by locating nearby suburbs with the cheapest petrol price. 4. Brunch less This doesn’t mean you can’t occasionally treat yourself to smashed avo on toast, but eating out less will be kinder to your hip pocket. Consider making a coffee in the office or nominating one to two days a week that you’ll eat out. And if you’re eating out because you just don’t want to cook, ingredient delivery services like Marley Spoon or Hello Fresh can be a great way to motivate you — cooking is good for both your waistline and hip-pocket. 5. Draw on the share economy Plenty of young Aussies are making the most of their spare time and skills via the sharing economy. Signing up to be an Uber driver, offering your services on sites like Fiver or Airtasker, or even renting out a spare bedroom are just some ways you can create an extra income flow. 6. Aim to pay the full balance of your plastic bill If you can’t pay the full balance, at aim to pay a bit more than the minimum payment on your credit card. Outstanding, interest-accruing debt on a credit card will always cost you a lot more than you will gain from having funds on a savings account. So getting ahead on your plastic debt will help reduce interest and ensure you build up a good credit history (which will come in handy when applying for a home loan). 7. Be smart with ride-sharing We’re all familiar with the frustration of seeing the “1.2x surcharge” when ordering an Uber or Taxify ride, but there are ways to be smarter about it. In some cases it may be cheaper to order a taxi over an Uber. To find out which is the best value, you need to view the Uber surge ratio. According to finder.com.au analysis, once the ratio hits 1.4 (in Sydney) during the day or 1.7 at night, it’s cheaper to hail a taxi. 8. Maximise your spending with a rewards card If you’re paying off your credit card every month, consider maximising your spend with a rewards card that lets you clock up points on every dollar spent. Some, such as American Express’ Discovery card, are available with no annual fee. For example, spending $8000 on this card over the course of a couple of months could entitle you to a flight from Sydney to Melbourne or Brisbane. But remember to pay your balance off every month, as these cards come with higher interest rates than most cards on the market. 9. Keep an eye on your energy usage During summer, household coolings costs can really eat into your budget. To lower your energy costs (and to reduce your carbon footprint), consider using an energy-efficient air conditioner or washing machine. Also, keep an eye on the temperature setting. 10. Be a healthier you Turn your unhealthy habits down a notch. Reducing your alcohol intake or gambling habits could allow you to reap significant financial (and lifestyle) benefits in 2018. Many insurance and credit providers are now offering discounts if you wear wearable technology such as Fitbits or if you walk a certain number of steps per day. Save money and make your new year resolution a reality — it’s two birds, with one stone! Source: The Daily Telegraph 22 January 2018 The post Just Do It — 2018 Is The Year To Become A Property Investor appeared first on Real Estate in Australia. via Tumblr Just Do It — 2018 Is The Year To Become A Property Investor The Gold Coast is set for a standout 2018. The Gold Coast is known for its glitzy property appeal but a more solid foundation is tipped to define the market in 2018. Property experts say infrastructure in the northern and central suburbs will contribute to an already booming market, buoyed by the buzz of the Commonwealth Games. “I think the continued large amount of private enterprise infrastructure like the Westfield Coomera Town Centre, Sunland development at Mermaid Waters and The Star Gold Coast with its part-hotel, part-residential works will expand those areas,” newly appointed REIQ Gold Coast zone chairman Andrew Henderson said. CoreLogic’s latest data to October 2017 revealed the median house price on the Gold Coast jumped 7.7 per cent in 2017, almost twice as fast as the national average. Mr Henderson predicted prices wouldcontinue to increase, thanks to a seller’s market in the central suburbs. “Most of the housing development is in the northern corridor, leaving the vast majority of the Gold Coast with existing stock to purchase in the central areas,” he said. He said a wave of beachfront apartment developments was expected to be snapped up by locals wanting a sea change, and by savvy investors. The CoreLogic report showed a 12-month increase of 3.7 per cent for median unit sales on the Coast. “In terms of looking ahead, interstate migration is quite strong, jobs are very strong, there’s a significant amount of spotlight on the Commonwealth Games and then the infrastructure is a massive drawcard to keep bringing people in.” It comes as $40 million worth of property is set to go under the hammer in a single day next week, at Ray White Surfers Paradise auction bonanza The Event. RWSP CEO Andrew Bell predicted an influx of southern buyers, heralding the current climate as “the return of the holiday-maker”. “We have truly been swamped, and there is no better word than swamped, with buyer inquiry,” Mr Bell said. “The record numbers of people holidaying here on the Gold Coast has seen record levels of buying interest, and sales have been happening left, right and centre. If you had to use one word to sum up inquiry post-Christmas, it is Sydney,” Mr Bell said. Source: Gold Coast Bulletin 20 January 2018 The post Find Out What’s Tipped To Define The Gold Coast Market In 2018 appeared first on Real Estate in Australia. via Tumblr Find Out What’s Tipped To Define The Gold Coast Market In 2018 With an expected construction commencement sometime in 2018, Brisbane’s future mega-hub for international cruise ships now has a primary designer to help craft its future as a major tourist provider. Design firm Arup was recently awarded the detailed design contract, which will see them devise the concept for the $158 million terminal at Luggage Point at the Port of Brisbane. The dedicated cruise terminal was approved in October 2017, with the $158 million project to be entirely funded by the Port of Brisbane corporation. Delivering what the Queensland government believes to be “much needed cruise shipping infrastructure,” the new international terminal will consist of a 9,300 square metre building set over two-storeys and a 200-metre-long wharf, with two air bridges facilitating the movement of passengers on and off the ships. The entire project will also incorporate public open spaces and suitable parking for cars and public transport. Arup’s design contract will give them responsibility over the terminal’s detailed design and analysis, terminal building, and landside civil works. “We are proud to be part of such an iconic project that will boost South East Queensland’s reputation as a global tourism destination,” Arup’s Lloyd Twomey said. Queensland’s government has been keen to see this terminal become a reality in order to keep up with cruise sector of Australia’s tourism industry, which has reportedly become a standout slice of the cake, performing higher than most other sectors and growing continuously by 20 per cent every year on average for the past 10 years. Queensland’s government has been keen to see this terminal become a reality in order to keep up with cruise sector of Australia’s tourism industry, which has grown by 20 per cent each year on average for the past decade – outperforming other tourism industries. In 2014, a reported total of over one million passengers embarked on a cruise ship, and the state government has predicted the terminal has the potential to inject up to $1.3 billion in net expenditure into the Brisbane economy over the next 20 years. The international cruise terminal is expected to support 3,750 jobs and bring 766,260 international and domestic cruise visitors, and help to meet the growing number of “mega ships” which need the necessary infrastructure to make port. There is currently no existing dedicated facility in Brisbane to host mega ships, but by 2020, 62 per cent of cruise vessels in the Australian market are expected to be over 270 metres in length. Source: The Urban Developer 15 January 2018 The post Designers Handed Mighty Task as Brisbane Mega Cruise Terminal Reaches New Phase appeared first on Real Estate in Australia. via Blogger Designers Handed Mighty Task as Brisbane Mega Cruise Terminal Reaches New Phase QUEENSLAND parents are forking out hundreds of thousands of dollars to put their kids through school and new data reveals even a “free” government education costs $58,000 per child. Brisbane parents pay more for religious schools than anywhere in Australia and private schools in regional Queensland are also among the most expensive in the country. Analysis from education finance planners ASG shows Brisbane private schools are some of the cheapest in the country but shockingly parents are still handing over $368,573 for the education of just one child over the course of their schooling. ASG Chief Operating Officer Bruce Hawkins said the cost of education has risen at more than double the inflation rate over the past 10 years. “The cost of education has soared by 61 per cent compared to the average growth rate in wages of 34 per cent,” Mr Hawkins said. “This means that education costs are demanding a far greater share of the family wallet than in the past, placing more burden on the average family, already challenged by the rising cost of living.” Metropolitan Queensland parents are forking out $58,352 per child for education at a public school and regional Queenslanders are paying $50,757 on average. Faith-based education in metropolitan areas costs $251,855 on average and $198,012 in regional areas. Queensland parents with children at private schools are forking out enormous fees with the parents in both metropolitan and regional areas paying about $368,000 for one child’s education — though still around $100,000 less than the national average. Mr Hawkins said the costs included the standard school fees but were amplified by the addition of other charges for extra-curricular activities, school sport fees, uniform costs, camps and excursions, book levies and subject levies. He said the data debunked the “myth” that a public school education was free. “I think some people would be shocked to know how much a public school education costs,” Mr Hawkins said. “With the introduction of more technology we’re also seeing the use of iPads and tablets become more common and therefore parents are usually either paying a technology subsidy to the school or buying those items like iPads or laptops.” P&Cs Queensland Kevan Goodworth said many parents would struggle to pay the high cost of education. “It’s perhaps not so difficult for the middle class but in working class areas it is a big expense,” he said. “Unfortunately it doesn’t get any better when they go off to university.” Mr Goodworth said despite the cost, it was important children had “every chance” to receive a good education. “Schools do a great deal to allay the expenses to parents,” he said.
Queensland Education Minister Grace Grace said the government was working to keep costs down and that principals would always work with families to ensure children weren’t “disadvantaged by financial hardship”. “For instance, to help Queensland families with the cost of education, the government provides a Textbook and Resource Allowance (TRA) to parents of all full and part-time students,” she said. “Our goal is to provide the best possible learning environment so that all children in the state school system have the opportunity to reach their potential.” 2018 FEES FOR TOP BRISBANE PRIVATE SCHOOLS (INCLUDES LEVIES) Brisbane Grammar School: $27,085 Brisbane Boys College: $24,478 Brisbane Girls Grammar School: $24,124 Churchie $23,868 The Southport School $22,695 St Margaret’s Anglican Girls School: $22,536 Somerville House: $22,020 (extras guide plus another $2200 for books/camps/uniforms) St Aidan’s Anglican Girls School: $21,880 Clayfield College: $19,859.70 St Hilda’s School: $19, 451 Stuartholme: $18,084 Somerset College: $17,204 St Joseph’s Nudgee College: $16,615 St Joseph’s College Gregory Terrace: $15,731 Moreton Bay College $15,605 The post Queensland Schools: Parents Forking Out Fortune To Pay For Kids’ Education appeared first on Real Estate in Australia. via Blogger Queensland Schools: Parents Forking Out Fortune To Pay For Kids’ Education With an expected construction commencement sometime in 2018, Brisbane’s future mega-hub for international cruise ships now has a primary designer to help craft its future as a major tourist provider. Design firm Arup was recently awarded the detailed design contract, which will see them devise the concept for the $158 million terminal at Luggage Point at the Port of Brisbane. The dedicated cruise terminal was approved in October 2017, with the $158 million project to be entirely funded by the Port of Brisbane corporation. Delivering what the Queensland government believes to be “much needed cruise shipping infrastructure,” the new international terminal will consist of a 9,300 square metre building set over two-storeys and a 200-metre-long wharf, with two air bridges facilitating the movement of passengers on and off the ships. The entire project will also incorporate public open spaces and suitable parking for cars and public transport. Arup’s design contract will give them responsibility over the terminal’s detailed design and analysis, terminal building, and landside civil works. “We are proud to be part of such an iconic project that will boost South East Queensland’s reputation as a global tourism destination,” Arup’s Lloyd Twomey said. Queensland’s government has been keen to see this terminal become a reality in order to keep up with cruise sector of Australia’s tourism industry, which has reportedly become a standout slice of the cake, performing higher than most other sectors and growing continuously by 20 per cent every year on average for the past 10 years. Queensland’s government has been keen to see this terminal become a reality in order to keep up with cruise sector of Australia’s tourism industry, which has grown by 20 per cent each year on average for the past decade – outperforming other tourism industries. In 2014, a reported total of over one million passengers embarked on a cruise ship, and the state government has predicted the terminal has the potential to inject up to $1.3 billion in net expenditure into the Brisbane economy over the next 20 years. The international cruise terminal is expected to support 3,750 jobs and bring 766,260 international and domestic cruise visitors, and help to meet the growing number of “mega ships” which need the necessary infrastructure to make port. There is currently no existing dedicated facility in Brisbane to host mega ships, but by 2020, 62 per cent of cruise vessels in the Australian market are expected to be over 270 metres in length. Source: The Urban Developer 15 January 2018 The post Designers Handed Mighty Task as Brisbane Mega Cruise Terminal Reaches New Phase appeared first on Real Estate in Australia. via Tumblr Designers Handed Mighty Task as Brisbane Mega Cruise Terminal Reaches New Phase |
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