Why hasn't Brisbane boomed?

Going according to poll results- many people think brisbane is a hillbilly welfare based outpost with a BS governance structure.

I am trying to disagree...but cant fully

 

Just curious, how much debt is Queensland government have? How much do they have to sell their assets to pay all those debts? How did it all happen? Did they just spent too much on some glorified projects?

 

They haven't had the debt fuelled sugar hit to the budget bottom line from stamp duty and land tax like some other states. Falling royalities from coal until recently and successive incompetent state governments.

 

How incompetent are the state governments? What things have they spent on that got them in the red?

Surely they can increase land tax or stamp duties for all the investors ..... picking low hanging fruit?

 

I wonder if we'll see more Chinese money flowing into Eight mile plains when the warrigal farm starts being developed.

 

I don't know...Does it get any worse?

'Worst failure of public administration in this nation': payroll system

 

I think that it's a combination of jobs and ineffective state government (no option). The downturn in the mining boom definitely has had an effect but isn't the only reason. As the city becomes larger, it will attract more head offices and other industries. There is a need to further support industries such as tourism which are going well.

 

@Bran : Yeah been almost 4 years now down in Manly West, was in Sydney > 10yrs. Planning to build in Gumdale as well so I'd be here for the next 15yrs at least before my toddlers leave the nest. So not as long as some of U guys who probably feel that the occasional flash flooding is just normal

I did not experience the 2011 floods though but was around for the recent tropical low. Ok with the mozzies but hate the midges, especially when I am crabbing down at Tingalpa Creeek ;P

@ nth brisbanite
the problem with tourism is Brisbane is just a small city and most tourist would probably just do the Gold Coast and theme parks and surrounds like mount tambourine, or go up to Sunshine coast and do the australia zoo/ mooloolaba/opal fossicking. Brisbane itself only has mount cootha, the big ferris wheel and casino. Not really what i would call tourist "must dos" when visiting QLD.

 

Looking back 10 years. Land prices ever go down?

 

I live in Melbourne, I'd prefer Sydney over Brisbane because I don't care for hot weather and all the types of companies I would want to work in only have offices in Melb / Syd. I think a lot of people are in the same boat.

 

True..
The long term view is for Brisbane to be more of a staging post for the sc and gc tourism markets.
Expect more tighter links between Brisbane and the gc and sc and beyond.
It will become a truly gateway city, a major hub and those who buy now will be best placed to reap future rewards which will be substantial.
Hype Brisbane now so that it reaches that stage sometime within our lifetime

 

Yes absolutely. this is a big driver of demand. It's also proven...how? Mel and Sydney are expensive already yet demand is still climbing. I attribute a lot of that to what you just said.

 

Those 190k blocks would be 500-550k now.

 

From an Adelaidean's perspective i remember Queensland in the 80s having a bit of vibe about it. The feeling down this way was the influx of the Japanese was going to have a huge impact driving the economy forward. I personally know of a couple of local families that pulled up stumps and made the move up north in that era.

I think there was a stage in the late 90s early 2000s that for adelaidean's Queensland was the hot spot holiday destination. Now i don't think It even registers at all.

You guys also seem to be a breeding ground for crackpot politicians. Stop electing that vile fish n chip fryer, and it would bolster the image of the state no end.

One thing that really doesn't sit right with me is watching weather related disasters on the nightly news, followed by news of big loans to coal miner's. I call this shooting one self in the foot.

I know people are going to have strongly held opposing views to my last statement, its just my opinion. I think Queenslanders can do better than just beaches and holes in the ground.

 

I am the opposite. I can't handle the cold weather in Sydney and the freezing weather in Melbourne.

To me, Cairns' weather is hot but Brisbane is fantastic.

 

What's going to increase tourism in Brisbane in the future is the new mega casino and the new cruise terminal. Projections estimate the new terminal would bring in 1.8 million passengers and 1100 ships in its first five years, and triple Brisbane’s cruise ship industry output within 20 years, being worth $1.3 billion over that time. With the new casino, Queensland and in particular Brisbane, is predicted to see an influx of 1.39 million additional tourists each year

 

If I was an international tourist visiting QLD, i'd probably be most interested in the GC themeparks/surfers or the great barrier reef.

Both GC and cairns have their own airport which is linked up with direct international flights from major flight hubs like Japan/Singapore/hongkong and indirect flights from the rest of the world via Sydney or Melb. With some via Brisbane but not the majority.

So for most international tourists visiting QLD, there really is no need to use Brisbane as a staging post if they are visiting Australia.

And with the current overbuilding of mega billion dollar residential towers in GC like spirit tower and jewel, there should be no lack of accomodation for tourist visiting GC.

Star entertainment is also expanding/upgrading their casino in GC. Together with ASF GROUP's planned casino/integrated resort, I wouldn't be surprised if we see the casino business in Brisbane suffer even if the new casino is built.

Cruise ship terminal wise I think there will be a race between Brisbane and GC on who gets one built first. Brisbane will probably win. Apparently BCC will start upgrading infrastructure in early 2018 once more detailed plans are made later this year. Maybe that's why property prices have been rising quite a bit over at Manly. lol. But when GC gets their's built, a lot of ships will be docking there for sure as tourists from the cruise ships would want easy access to the beaches there and nearby theme parks.

 

In my case I get much more on BNE.
I can live in paddington Brisbane in a beautiful (small land though) house. And walk to work.
I cannot do that in Sydney. I could not afford to live within 10km of the cbd. Or in the prime eastern suburbs. So there's no point for me ti live in Sydney in a no man's land suburb. Here I have the disposable income to have a good life and walk down to southbank parklands easily. There's plenty happening around the city. It's big enough to always have something going on and the weather allows me to get out and about all year round. .
I feel there will be quite a few others who will be in the same situation. who when they look at what they can get in Brisbane vs the lifestyle they can have Sydney. Sydney appears a poor option. Here in Paddington some of the large old Queenslanders are won at auction by sydneysiders. They are absolutely blown away at the huge executive grade house they can get for their money. For those that don't have that sort of money and are just starting out they can still get themselves a nice house not too far away on a pretty average dual income.
So I believe arbitrage will mean Brisbane we'll catch up. Of course it's going to always be cheaper than Sydney and of course overall there's a strong argument that Sydney is a more beautiful city given the beaches but it's International please extremely high priced so people who are serious about a lifestyle and they are not from old money then Brisbane looks very pretty good. The gap will close to it's long run relative historical average. Jobs are an issue that's the only thing. The catchup in prices will happen in my opinion and all it takes is another upswing in mining which can often come around very quickly.

I am now just about to get on a plane and go down to Sydney to stay with a friend. I was born in Sydney and it's always good to go and have a bit of a look around the big city. I never go there in winter though. It's hardcore.