Jamie Rivett,
Sales Agent at Image Property.
Why Greenslopes Is Set To Soar
By Jamie Rivett, Image Property
By early next year, Greenslopes is going to be a hive of activity with major works underway across three massive projects in one small suburb, giving the area a facelift.
The major infrastructure projects, coupled with low-interest rates and a projected increase in interstate migration from southern states, is likely to see this inner-city suburb soar.
Greenslopes Private Hospital
Greenslopes, which is just 5 kilometres from the CBD, will have one of the most modern facilities of its kind when the Greenslopes Private Hospital’s $72 million expansion is completed in December 2021.
The renovation, which has already begun, will see a second building added fitted out with 64 private ensuite rooms over two levels. Also, the emergency department will add seven new bays and extra room for medical imaging services.
This extra capacity is vital for the bustling suburb that has grown to almost 9,000 residents, according to the latest Census data.
Cross River Rail
If I had to pick one thing that I’m most excited about it would have to be the Cross River Rail project, which is going to transform this city and be a boon for this area, adding to already comprehensive public transport services.
The Cross River Rail (CRR) will connect with existing heavy rail stations, as well as the new Brisbane Metro busway at Boggo Road and Roma Street stations.
The CRR will also increase the capacity of the transport network, helping commuters travel more quickly and with greater frequency of services.
The State Government announced recently that the two tunnel boring machines are almost ready to begin the laborious work of drilling the twin tunnels that will form the Cross River Rail, beginning at the Gabba station.
Transport Minister Mark Bailey said they would tunnel “under the Brisbane River to Albert Street station in mid-2021 before continuing on to the new Roma Street station and emerging at the project’s northern portal at Normanby”.
For Greenslopes residents, the closest connection will be the upgraded Dutton Park station, just a five-minute drive down Cornwall Street.
There’s no question this major project is going to help commuters connect easily with the city and the best part is that it will be a “turn up and go” station, which means services will be running so frequently that people can simply turn up and step almost immediately onto a train or a bus.
Energex depot
A smaller, but no less important project is the Energex depot upgrade which will see the power supplier spend $32.5 million on the architecturally designed building that will house 200 staff and replace the original 1970s-constructed concrete building.
This all adds to creating an aesthetically stunning suburb, filled with beautiful and modern buildings and will give buyers and sellers confidence that the suburb is forging ahead.
And Brisbane City Council is similarly focused on the aesthetic appeal of the suburb, recently approving a Neighbourhood Plan that would protect Stephens Mountain, a bushland reserve nestled between the Greenslopes Private Hospital and the new Energex depot.
The scenic bushland offers an idyllic escape, giving Greenslopes the feel of a rural area but with the convenience of an inner-city suburb.
For those considering purchasing in this area, independent property commentator, Terry Ryder, has recently forecast that Greenslopes property prices will grow by 10 per cent by the end of the year.
This result, in a year hindered by a global pandemic, is evidence of the consistently strong buyer interest in this area.
