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Do New Flight Paths affect your Brisbane Investment Property?

Flight paths affect investment propertyBrisbane Airport Corporation (BAC) and the Real Estate Institute of Queensland (REIQ) today announced a ground-breaking partnership to help property buyers and agents through education about current and future flight paths over Brisbane.

 

The partnership, which is believed to be the first of its kind in Australia, is the result of both organisations desire to prevent buyers making an investment without fully understanding if that property may be subject to aircraft noise.

 

Through this partnership BAC and the REIQ will collaborate to promote online tools that outline current flights paths and noise levels, in addition to future flight paths and areas of higher aircraft noise.

 

Julieanne Alroe, BAC CEO and Managing Director, said the partnership between Brisbane Airport and REIQ was a perfect match that would provide great benefits for Queensland.

 

“It’s no secret that buying a property for residential or investment purposes is one of the most intensive and stressful things a person can do.

 

The last thing we want to see is someone going through that process, only to find that they are not aware of a current or future flight path. These are long term decisions and we want people to feel as informed and empowered as possible.

 

“REIQ is an excellent partner and we were delighted they welcomed our invitation to form a partnership.

 

With the REIQ’s property website, reiq.com, going from strength to strength and the Institute being a leader in Queensland, we were impressed by both their reach and their focus on educating the industry.

 

“We have worked very hard with Air Services Australia to find ways to demonstrate current and predicted aircraft noise levels in Brisbane suburbs and REIQ will help us educate people when it matters most,” Ms Alroe said.

 

REIQ CEO Anton Kardash said the partnership was another example of the REIQ working to better educate consumers.

 

“BAC and the REIQ are both iconic Brisbane-based organisations so it made sense for us to partner with them when the opportunity arose,” he said.

 

“As well as being the peak body for real estate agents in Queensland, the REIQ also trains thousands of agents every year so we have long been committed to education. Indeed, the REIQ celebrates its 95th anniversary next year.

 

“Information about flight paths will be available on reiq.com, which features nearly 100,000 property listings from REIQ accredited agencies only, which provides peace of mind to buyers during the search for their next home or investment.”

 

Through its public forums and via the Brisbane Airport Community Aviation Consultation Group (BACACG), BAC has received feedback from some Brisbane residents who were unaware of regular aircraft noise before they purchased property.

 

Major General (Retd) Peter Arnison, Independent Chairman of the BACACG said, “The BACACG is focused on identifying and taking advantage of opportunities to better educate, inform and empower the community.

 

When we hear of an issue arising we pool our collective thoughts and resources to implement a solution.

 

In this case, we see this partnership as a significant step forward and we would hope it forms a precedent for similar partnerships in Australia and beyond,” he said.

 

Boasting the largest buffer zone of the major Australian Airports, Brisbane Airport benefits from years of good planning that puts considerable distance between the runways and the nearest residents.

 

However, there always will be some suburbs that are affected more than others and there are some excellent tools available to demonstrate current noise levels and where future flights paths are likely to go.

 

The two main tools available today are web-based and can be used without any knowledge of aviation.

 

Webtrak by Airservices Australia

 

Airservices Australia is the Federal Government agency that runs air traffic control and airspace design and management, including flight paths.

 

Webtrak allows the public to find information about arriving and departing aircraft over suburbs within 55 km of Brisbane Airport by:

 

  • locating a street address on the map;
  • viewing information about any flight, including aircraft type, altitude, origin and destination;
  • and detailing an aircraft’s flight path and point of closest approach to a residence.

 

Webtrak is located at www.airservicesaustralia.com/aircraftnoise/webtrak

 

Flight Path Information Software by Brisbane Airport

The Flight created by BAC, provides comprehensive information about current and future flight paths into and out of the airport. The site also details the expected number of flights into and out of Brisbane during typical busy days, evenings and nights.

 

This Flight Path Information is available at www.bne.com.au/corporate/flight-paths/experience-centre

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Brisbane

Billion-Dollar Facelift For Gabba Stadium Planned

Gabba

A $1-billion redevelopment of Brisbane’s Gabba stadium will be at the heart of the city’s bid to host the 2032 Olympic Games and Paralympics.

Queensland Premier Annastacia Palaszczuk revealed the Gabba precinct would be the centrepiece for the Games. It would showcase the city and use the neighbouring Cross River Rail, she said.

“The Gabba has been home to our sport since 1895 …. a home for the 2032 Olympic Paralympic Games could be its crowning glory,” Palaszczuk said.

The proposed upgrade would increase capacity from 42,000 to 50,000, which has left some critics questioning the value of the billion-dollar price tag.

It is a substantial chunk of the $4.5bn budget initially proposed by the International Olympic Committee when Brisbane was announced as the preferred venue earlier this year.

The plans would capitalise on the connected Cross River Rail station, already under construction and due for completion in 2024, and would also include a new pedestrian plaza to link the two facilities, replacing initial suggestions of Albion as a potential stadium site.

Gabba

▲ The $5.4bn Cross River Rail is due for completion in 2024 and is key to Brisbane’s bid for the Olympic Games in 2032. 

Palaszczuk said hosting the games in the city’s centre would make the games more accessible to more people, and the pedestrianised plaza would also be part of the events focus.

The Games is predicted to create more than 100,000 new jobs and fast-track infrastructure developments across south-east Queensland.

Brisbane stadium design firm Populous provided concepts of what The Gabba would look like as an Olympic Games venue.

Palaszczuk said the plans were contingent on financial commitments from all levels of government, and that she had been in conversation with Prime Minister Scott Morrison.

Australian Olympic Committee president John Coates met the Queensland government cabinet earlier this week and said the IOC did not want countries to go out and spend big money on “white elephant” infrastructure.

“They’ve got to get in one [mindset] in terms of the funding not for the games but the funding, that this region requires to host the games…the future infrastructure, transport, in particular rail and road,” Coates said.

“The IOC is on a budget of circa $4.5 billion, the IOC puts in $2.5 billion give or take the exchange rate … then you get $1 billion from national sponsorship and $1 billion from ticketing.”

 

Article Source: theurbandeveloper.com

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Brisbane

The Gabba Games – State’s $1b plan to turn stadium into sporting Mecca for 2032

Gabba

The Palaszczuk government will push ahead with a redevelopment of The Gabba as the centrepiece of its 2032 Olympic Games bid, but it still needs support and a whole lot of money.

The government has rejected lacklustre greenfield sites near Bowen Hills and instead gone across the river to Queensland’s major AFL and cricket venue at Woolloongabba. If the plan goes ahead, and Queensland secures the games, The Gabba will become a building site for five years while an Olympic-class stadium is built.

The Gabba is normally used around 40 weeks in every year. Taking it out of action will require negotiation with a neighbouring school, the Brisbane Lions and Queensland Bulls, along with the Queensland Cricketers’ Club, which has previously been a stumbling block to work on the stadium. It is yet to be seen whether losing a home ground, and maximum revenue for five years, is worth having a larger, modern venue to return to.

While the International Olympic Committee favours using existing venues, thereby reducing the cost to host cities, Palaszczuk is intent on asking the Commonwealth to help fund a complete rebuild. There is no funding agreement yet, let alone architectural plans, but Palaszczuk suggested the new stadium could cost $1 billion.

Palaszczuk said another 8,000 seats could be added to The Gabba, taking its capacity to 50,000, serviced by the nearby Cross River Rail station currently under construction. It would be higher than the existing stadium, to allow for pedestrian overpasses across nearby roads to funnel patrons directly into the new venue.

That would give The Gabba more seats than the old QE2 stadium, which currently has capacity of 48,500, but fewer seats than Suncorp Stadium (52,500). It would have better transport connections than the Nathan venue and in the circular format that suits athletic events and the Olympic opening and closing ceremonies.

“The Gabba has been home to our sport since 1895,” Palaszczuk said.

“A home for the 2032 Olympic Paralympic Games could be its crowning glory.”

“We’ve hosted the AFL here, we’ve hosted cricket here, but for the Olympics, this is front and centre – opening and closing ceremonies, athletics, you name it, it’s going to be the best,” she told Nine’s Today program.

Palaszczuk told parliament a key factor in deciding to use The Gabba was being able to utilise the adjacent Cross River Rail station. She noted the rail project was being delivered with “not one dollar from the Commonwealth” but her office was not in a position to clarify whether the $1 billion would include any rail station components.

The Gabba was built in 1895 and has undergone two substantial renovations and refurbishments since 1993.

The last major redevelopment was completed in 2005 when a 24-bay grandstand built for $128 million.

The Gabba’s public, corporate and media facilities also received a $35 million upgrade in 2020.

The Labor government will seek financial support from Brisbane City Council and the federal government for the project.

“We do need this, and it’s going to be utilised for the future, so they don’t want white elephants they want workhorses, and The Gabba is definitely a workhorse,” Palaszczuk said.

The International Olympics Committee named Brisbane as its preferred host city in February.

But a final decision rests on detailed discussions with Games chiefs and key commitments from the federal government.

Australian Olympics Committee president John Coates addressed cabinet on Monday, where MPs formally endorsed Brisbane’s candidacy.

“This is still contingent on guarantees that need to be received from the federal government,” Palaszczuk stressed on Monday.

She has had a discussion with Prime Minister Scott Morrison and more talks will occur in the coming weeks.

“We are basically doing years and months of work in a very short time frame to meet the deadlines the IOC has set us,” she said.

The state needed the boost the games would bring, including 130,000 jobs.

“It gives us hope, after going through the pandemic. It gives us hope for the future,” the premier said.

Morrison is expected to have more to say on Queensland’s Olympic plans on Tuesday.

Last month, he told the IOC the Australian government was firmly behind Brisbane to host the games.

But Brisbane is not without rivals.

Earlier this month, South Korea said Seoul had submitted a proposal to host the 2032 games, despite Brisbane’s frontrunner status.

 

Article Source: inqld.com.au

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Brisbane

City Council Backs Brisbane Olympic Bid

Olympic

He was the sole voice of opposition to Brisbane City Council’s bid to host the Olympics but Greens councillor Jonathan Sri is adamant the negative impacts outweigh the positive.

The council’s confidential meeting this week included briefings from president of the Australian Olympic Committee (AOC) John Coates and the president of the Paralympics Committee Jock O’Callaghan.

The vote to formalise Brisbane’s commitment to the Games has paved the way for a formal bid to host the 2032 Olympic Games. It received bipartisan support with Sri the only dissenter.

Media and the public were barred from the meeting, to protect the locations of potential developments and any impacts it would have on property prices, the council said.

“While hosting undoubtedly offers some positive opportunities, after considering all the available information, I was concerned that the negative impacts upon our city will outweigh the benefits,” Sri said.

“Evidence from recent Olympics points to major cost overruns, significant disruption to residents, superfluous sports infrastructure that’s not as useful long-term as proponents might have suggested, and economic benefits flowing predominantly to major corporations rather than local businesses.”

Sri said taxpayers would have to foot the bill, estimated to be about $900 million, to develop new sporting venues.

An IOC feasibility study highlighted Brisbane’s need for about 20 per cent more sporting facilities.

Sri said the council and state governments were negotiating with the IOC over a new 50,000-seat stadium earmarked for Albion.

The Brisbane bid includes plans for seven new venues across the southeast corner, but that could be reduced to two with the use of existing facilities.

Olympic

“While some of the infrastructure built for the Olympics can certainly leave a positive legacy and lasting public benefit, it’s almost inevitable that we’ll also spend public money building Olympics-standard sports facilities that we don’t really need and wouldn’t otherwise waste money on,” Sri said.

Brisbane was announced as a preferred candidate in February.

Lord Mayor Adrian Schrinner said the formalised commitment to the Games bid had received bipartisan support which was a “strong result”.

He said the Games presented a good value proposition for the city and he hoped they would receive the green light as early as July, when the Tokyo Games were due to begin.

“Brisbane City Council voted yes to the jobs that will be created, yes to the opportunities this will bring to our city, yes to the opportunity this will bring to our region and our state and yes to the bring forward and fast tracking of infrastructure and investment in our region that will service the needs of a growing population,” Schrinner said.

The final submission from the three levels of government and the AOC is due in April.

 

Article Source: theurbandeveloper.com

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