There’s so much happening at the moment in Queensland – and according to UDIA, Brisbane City is the number one development hot spot in the State (out of 528 places) with more than $1 billion worth of projects approved. This is compared to Mermaid Beach – Broadbeach, which came in second overall at $608 million worth; and Redbank at $347 million.
Taking a drive or walk through the city and inner suburbs – it’s easy to see why. There’s been an abundance of development recently completed, and so much more underway. But it’s not just the city that’s booming. In fact, South East Queensland in general is seeing some dramatic change – and it’s only getting bigger and better.
With the help of Economic Development Queensland (EDQ), the south-east of the State is set for transformation. EDQ is a government operated department whose role includes:
- Planning for Development, engaging with local governments and identifying areas that need fast-track development (Priority Development Areas - PDAs)
- Assessing development applications for those PDAs
- Identifying and facilitating the development of necessary infrastructure
- Developing urban areas to add value to local areas, redeveloping under-utilised government-owned land and taking it to market
- Develop, sell and lease industrial real estate
- Develop land into mixed use urban renewal precincts
Economic Development Queensland is delivering a range of projects to the region, and as part of the Advancing Our Cities And Regions Strategy, is working on a range of projects both in and outside the city, including:
- Carseldine Urban Village
- Oxley Priority Development Area
- Yeronga Priority Development Area
- Yeerongpilly Green
- Gold Coast Health and Knowledge Precinct
This month, we take a deeper look at the booming South East Queensland region to see what’s happening now, and into the future.