Queensland well placed as Australia’s most attractive city for building investment

IT’S AN EXCITING TIME FOR QUEENSLANDERS WITH THE 2032 OLYMPICS AND PARALYMPICS GAMES. SOME MAY SAY, WE ARE ON THE GREEN AND GOLD RUNWAY… OR ARE WE?

There is still confusion in and around the redevelopment of The Gabba. Originally the stadium was to be demolished and rebuilt ready for the opening ceremonies of the 2032 Olympics and Paralympics; but it seems that we may only see a facelift at best and not a redevelopment as promised by the state government. It now looks like the cost of the games is around $7 billion, up from $5 billion as previously thought.

Queensland already has 80% of the venues required for the upcoming games in 2032, with the infrastructure expected to stay useful well into the future. As we plan for the games, experts are looking ahead further into the future, shaping Brisbane to be recognised as a new world city.

Nonetheless, this can only mean one thing... more business for local and interstate companies which is fantastic news for the Queensland economy. Some experts have predicted that the next 9 years of infrastructure building and development in Brisbane to be “off the charts” and the games could fuel the biggest real estate renaissance in Brisbane’s history.

No doubt many companies are going to want a piece of the action and I’m sure there will be plenty to go around, but to get your foot in the door you are going to need to tick a few boxes first; one of those boxes is "carbon neutral", and what your business is doing to meet this criteria, especially if companies are to tender for any aspect of the hospitality venues or construction of anything new that needs to be built.

Having spoken to a number of local businesses in Queensland, all are eagerly waiting for the action to commence, by all accounts, it's going to be a couple of years until we really see any movement. Local government is predicting works will commence on The Gabba sometime in 2027.

I think this is a great win for all Australians, especially the people of Queensland.

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