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  • Writer's pictureCameron Bird Property Group

Leading Growth Drivers for Queensland



In this insightful article, we delve into the leading growth drivers that make Queensland the growth capital of Australia. From a thriving economy to unparalleled lifestyle offerings, we uncover the key factors propelling the property market forward.


Whether you're a seasoned property investor or contemplating your first venture, this article will cover the key fundamentals that lead to capital growth for the Sunshine State, including:

  • Infrastructure

  • Tourism

  • Retail and Leisure

  • Health

  • Education


Did you know the total value of Australia’s residential market rose to $9.6 trillion at the end of May 2023, up from $9.5 trillion at the end of April and $9.4 trillion at the end of March 2023?

Key Investment Figures

  • $5.4 billion Infrastructure Program

  • $360 billion Economy Value

  • 5.9 million Projected Population by 2050

  • 2.8 million People Employed by 2025

  • 168,000 Projected New Housing Required By 2026


Infrastructure

From bustling urban centres, like Brisbane to the remote outback, Queensland's infrastructure spans a wide spectrum, encompassing transportation, energy, telecommunications, and like Brisbane to the remote Outback, Queensland's infrastructure spans a wide spectrum, encompassing transportation, energy, telecommunications, and more.


This dynamic infrastructure landscape is crucial in connecting its vibrant communities, supporting industries, and preserving its natural environment. In this summary, we will explore the key aspects of Queensland's infrastructure, highlighting its significance and the ongoing efforts to ensure sustainable growth and prosperity in the state.


In addition, transportation has long been a potent growth driver for Queensland, propelling the state's economic development and connectivity. Queensland's vast and diverse landscape, spanning from bustling cities to remote regions, relies heavily on efficient transportation networks.


Leading Infrastructure Projects


Brisbane 2023 Olympics

Spend: $7 billion


The Queensland and federal governments are spending $7bn on new venues and upgrades; in addition, the bid documents estimate an administration budget of about $4.5bn, which organizers claim would be “cost neutral” due to projected revenues.




Cross River Rail

Spend: $6.3 billion


This transformative project in Brisbane involves the construction of a new rail line through the heart of the city, including a tunnel under the Brisbane River. It aims to relieve congestion and improve public transportation in the region.





Queen’s Wharf

Spend: $3 billion


Queen’s Wharf is set to be a world-class integrated resort that will include a mix of six-star hotels, apartments, retail, dining, entertainment, and more. Set to open in April 2024, Queen’s Wharf will transform the CBD and river’s edge into a vibrant oasis for locals and visitors.



Brisbane Live

Spend: $2 billion


Brisbane Live is a mixed-use development centered around a new $450 million entertainment arena. The project also features new hotels, apartments, commercial towers, dining precincts, and more.





Brisbane Metro

Spend: $1.4 billion


The Brisbane Metro project is designed to create a high-frequency, high-capacity public transport system connecting the southern and northern suburbs of Brisbane. It includes dedicated busways and modern transit infrastructure.




Inland Rail

Spend: $14.5 billion


The Queensland section of Inland Rail is crucial for the state. It involves the construction of a freight rail line connecting Melbourne and Brisbane, passing through regional Queensland and facilitating more efficient movement of goods.




Brisbane Cruise Ship Terminal

Spend: $158 million


The new ship terminal is projected to lead to 300 construction jobs and increase Brisbane cruise passenger numbers to 766,000 in 2036







Bruce Highway Upgrades

Spend: $1.46 billion


The Bruce Highway is a major north-south corridor in Queensland. Various stages of its upgrade are ongoing to improve safety and reduce congestion along this busy route.






Queensland Rail Network Upgrades

Spend: $876 million


The planned upgrades are to upgrade the route from Brisbane to Logan and the Gold Coast. Stage 1 of the upgrade from Beerburrum to Nambour will receive $489m.






Hydrogen Park in Gladstone

Spend: $4.2 million


Gladstone will be the first city in Australia where the entire gas distribution network will supply customers with a blend of up to 10% (by volume) of renewable gas. There are about 700 customers connected to this network who will be able to benefit from the renewable gas blend.




Surat Basin Rail Project in Gladstone

Spend: $1.2 billion


This project will create 600 jobs and will connect the Surat Basin Rail Link to Gladstone.








Townsville Port Expansion

Spend: $232 million


The Port of Townsville is undergoing expansion and modernisation to accommodate larger vessels and increase its trade capacity.









Learn more about the growth drivers in Queensland and how you can capitalise on it. Book a call with our friendly investment team today here.

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