There’s a lot of things to love about Queensland’s south-east corner, but why exactly is our Prime Minister so keen on it?
Stretching from the Gold Coast to Sunshine Coast, and as far west as Toowoomba, South East Queensland is a nucleus of fun and entertainment, thriving industry, and vast countryside.
It’s also a major hotspot for development and funding because of its untapped potential. SCOMO knows it, and he’s not letting it go to waste.
- SCOMO backs the push for the Olympic Games in 2032, saying Qld will ‘do it better’
The bid for Brisbane to host the 2032 games was given the thumbs up by the Prime Minister, in a world first proposal: events would be presented across the region, rather than one major city. The Gold Coast, Sunshine Coast and some regional areas would also play host to different events.
In a press conference, Mr Morrison said, “Queenslanders will always want to outdo New South Wales”, referring to the summer Games held in Sydney in 2000. He knows the Queensland spirit.
- SCOMO is pouring money into connections between the SE hubs to supercharge its liveability
Already, two-thirds of Queensland’s population live in its south east corner. By 2045, the area is expected to grow from 3.6 million people to 5.3 million – and SCOMO knows it’s the place where people want to live.
The Morrison Government is throwing billions of dollars into the SEQ City Deal, which will upgrade the infrastructure connecting major hubs like Brisbane and the Gold Coast.
SCOMO says he wants “to ensure Queensland remains a major tourism destination and one of the world’s premier locations to live, work and raise a family.”
The deal will mean less congestion, faster travel times, improved rail and public transport links, and “people getting home for dinner on time”.
3. That big cruise ship terminal is the tip of the iceberg for economic potential
Brisbane’s brand new cruise ship terminal, which was set to receive its first ship in October 2020, is only one boon for SEQ’s maturing tourism industry.
There could be an expected $58 billion boost to the economy as a result of the strengthening of the regions’ four airports, new cruise ship terminal, and the Port of Brisbane sea transport industry – a port that’s conveniently five days closer to Asia than Sydney and Melbourne.
4. All of that makes SE Qld a hotspot for property growth, while still being highly affordable
A solid investment is underpinned by one time-worn decree: location, location, location. South East Queensland delivers it in spades: sunshine year-round, the beachside playgrounds of the Gold Coast and Sunshine Coast, stunning hinterland and mountains to the west, and all the appeal of a thriving metropolis in Brisbane.
Ultimately, the area delivers bang for your buck, without question. The median house price in Brisbane is half that of Sydney, and yet, the average wage is only 12% lower.
People are moving from the southern cities in droves because the affordability and liveability gives them a better quality of life. SCOMO’s federal government incentives for first home buyers and new home builders is the icing on the cake if you’re considering a property for your investment portfolio.
Capacity for growth in the property market
All in all, this spells positive news for the future of SE QLD, and in particular for its property growth potential. New jobs, burgeoning industries, location, and extensive infrastructure upgrades are drivers of property value and demand.
SEQ offers investment potential on beach front, cityside living or quiet satellite cities like Ipswich, making it a highly diverse market with a range of values to suit individual budgets.
