With its enviable climate and appealing lifestyle, it’s not hard to see why South East Queensland is one of Australia’s most desirable and fast-growing regions and is currently home to one in seven Australians.
Over the next two decades, the region’s population is expected to significantly grow with 75,000 new residents set to move to the region annually, reaching a total population of 5.3 million people by 2041.
The Queensland Government’s ShapingSEQ Plan presents a clear vision and framework for growth to manage the potential impacts of the growing population and to maintain and enhance the existing lifestyles in South East Queensland.
ShapingSEQ outlines that significant investment in housing and infrastructure will be required to support the region’s expected population growth, with an estimated 794,000 new homes and one million new jobs needed over the next 20 years.
To ensure there is housing choice and sufficient land to accommodate this growth, 60 per cent of all new dwellings will be developed in existing urban areas to accommodate people closer to existing services, infrastructure and employment opportunities.
Investing in the Region
Alongside the necessity for increased housing, a significant investment in infrastructure, services and amenities will be delivered through the SEQ City Deal, to further support the region’s growth.
The SEQ City Deal is a $1.8 billion joint-investment by the Australian Government, Queensland Government, and the region’s Council of Mayors, who will work together to plan and deliver enhanced investment to ensure South East Queensland continues to be a great place to live and work.
The Deal is an enduring 20-year partnership set to transform South East Queensland and improve connectivity, increase livability and accelerate the creation of future jobs, to generate long-term benefits for the community, as well as addressing the challenges of building a thriving region.
The Deal is expected to create more than 2,000 jobs as it delivers over 30 projects from Brisbane to Toowoomba, Ipswich and the Sunshine Coast.
From upgrading highway safety features, to building new public transport infrastructure, funding public art initiatives and modernising how the region recycles, each project that forms part of the Deal will help to improve livability for South East Queenslanders.
The commitments outlined in the Deal will be delivered by all three levels of government over the next two decades, with an Implementation Plan providing a timeline for delivery set to be released in the coming months.
Opportunities for Growth
South East Queensland has a strong and diverse economy and is set to experience significant and exciting opportunities for growth, with Brisbane hosting the 2032 Olympic and Paralympic Games – a once-in-a-generation opportunity to showcase South East Queensland to the world.
Hosted across Brisbane, the Sunshine Coast and the Gold Coast, the 2032 Games are set to generate an estimated $8.1 billion in benefits to Queensland, including $4.6 billion within the tourism sector, and $3.5 billion in social improvements including health, volunteering and community benefits.
The Games will create a two-decade pipeline of opportunity for Queensland, with major city-shaping projects including the Brisbane Metro, Green Bridges, and the transformation of Victoria Park now underway, to support the region as it hosts the Games.
Alongside these significant projects, existing and temporary infrastructure will be used for the 37 competition venues required for hosting 28 Olympic and 22 Paralympic sports. Brisbane will be home to majority of the competition venues, alongside key non-competition venues including the International Broadcast Centre, Main Press Centre and Olympic and Paralympic Games Athlete’s Village.
Overall, the 2032 Games are expected to support approximately 91,600 jobs in Queensland and 122,900 nationally, and the legacy of hosting the world’s largest sporting event will have enduring economic benefits for Queensland’s residents and businesses.
Need assistance with an upcoming development in the region?
The future of South East Queensland is bright, with investment and infrastructure delivered through the SEQ City Deal and 2032 Olympic and Paralympic Games set to provide further opportunities for development within the thriving region.
Barker Ryan Stewart is well-resourced and positioned to assist in providing our full range of services for your next project in South East Queensland.
If you have any questions about further opportunities for growth or how we can assist with your development, please don’t hesitate to get in touch.