Queen’s Wharf: The Redefining of Brisbane as a New World City

queens_wharfBrisbane’s growing million dollar property market is spreading rapidly from its traditional suburbs. Prices are rising due to a number of factors, but they are rising fastest where the lifestyle requirements of residents are being realised. Queen’s Wharf promises to be a truly world-class development that goes beyond anything else available in Brisbane today.

Combining history and vision

Queen’s Wharf is a vision of the future that encapsulates modern living without leaving behind Brisbane’s heritage. The area is centred on the place where the city started its life nearly two centuries ago. It provides a connection between the CBD and the river, and will give Brisbane residents and visitors alike a unique, vibrant new world experience that benefits from comprehensive amenities and superb public spaces. It brings Brisbane not only into the 21st century but propels it into the 22nd.

The development promises to redefine city living and Brisbane as a modern, new world city.

Where is Queen’s Wharf?

The first thing that will strike people is the ideal location of Queen’s Wharf. Set between Brisbane River and George Street and between Alice Street and Queen Street, this really is prime real estate. There are a number of developers involved in the bidding on the project, so it’s not certain what the redevelopment will finally look like. Needless to say, whatever the finished product the foreshore will look entirely different to how it does today.

All proposals have a number of common elements:

  • Superb local amenities including restaurants and bars, hotels, cinemas, retail, sports facilities, and public gardens
  • Facilities to house cultural and lifestyle events, health and fitness zones, street markets, and waterparks
  • Thousands of apartments for heart-of-the-city living

Two consortia left in the bidding

The bidding process is reaching its climax, with Crown Resorts and Greenland battling Destination Brisbane (which includes Echo Entertainment, Chow Tai Fook, and Far East Consortium). Whichever wins, the development is going to be stunning.

At present, it seems that the Destination Brisbane bid could be edging ahead: Echo Entertainment hold the licence for the area’s Treasury Casino until 2070 and also has a long term lease on three buildings within the proposed area of development. If Crown wins, it would create a second casino and double the number of gaming machines in Brisbane.

The current boom in apartment development and sales is at least partly attributable to the redevelopment of Queen’s Wharf (which started life with the uninspiring name of The Government Precinct Redevelopment).

The newly accessible South Bank

Both proposals include footbridges to the South Bank, and that promises to increase accessibility to the CBD from south of the river. The development will mirror the revitalisation of the South Bank, creating an amazing panoramic waterfront on both sides of the river, and that will also be good news for investors south of the river.

The real action, of course, will be centred on Queen’s Wharf: a new mecca of entertainment, retail, and leisure that will provide all the lifestyle needs of modern Brisbane residents. It will also undoubtedly achieve its further aim of attracting visitors from around the world.

Serious property investors will be well advised to remain vigilant as to opportunities to invest in off-the-plan property in Queen’s Wharf and surrounding Brisbane suburbs. Keep an eye on our investor centre for more news as it is released.