Connect with us

infrastructure

UPDATE: How an Ipswich Costco would benefit you

Published

on

2

THE friendly battle between Logan and Ipswich to win the affections of bulk-buy grocery giant Costco is ramping up amid whispers the retailer is ready to choose.

It’s been almost a year since the Ipswich Masters Home Improvement site was first flagged as the potential new home for a second Costco in the state’s south-east.

READ MORE: Top 12 reasons Costco should pick Ipswich over Logan

Now the city is stepping up its bid for the wholesaler whose arrival in North Lakes has been proven to force down petrol prices while bringing another level of competition to the grocery market.

Boonah mum Sharni Lewis has only ever been inside a Costco store once, while she was visiting Melbourne, but said it was an unforgettable experience with a huge range of products.

“Everything was supersized,” Sharni said.

“I’m so excited at the thought Costco would open a store in Ipswich. I live in Boonah so North Lakes is just too far to drive but it would be amazing to bulk buy food in Ipswich.

“I wouldn’t drive to Logan either. I hope Costco chooses Ipswich.”

Ipswich City Council confirmed it is still in talks with Costco and although there are plenty of potential sites around the city, there’s no concrete commitment yet.

COMMENT: Shopping appeal of Costco

Mayor Paul Pisasale is hoping when the time arrives the proposal comes to his council.

He said Ipswich has plenty to offer Costco that Logan doesn’t, including a younger demographic and a population growth forecast unrivalled across the south-east corner.

If Costco decides to make Ipswich its new home, residents would benefit from more than adding another grocery competitor to the local market.

The “Costco effect” has been proven at North Lakes where petrol prices plummeted when the wholesale giant moved in.

RACQ’s Renee Smith said service stations nearby were forced to drop their prices to compete meaning motorists didn’t need to be a Costco member to benefit.

“We saw service stations, particularly in North Lakes and Mango Hill, drop their prices which was great news for locals,” Ms Smith said.

“It had the biggest impact at the peak of the petrol cycle, so that when prices started going up, people living near the Costco didn’t feel that pinch because everyone in the area still had to compete with Costco’s prices.

“Lately Ipswich has had some of the cheapest petrol prices in Queensland, it really has been the place to fill up.

“If Costco moved in, we’d likely see petrol prices in the neighbouring suburbs dropping their prices to compete.”

Since the announcement that Costco was looking for a new south-east Queensland site, several parcels of land in Ipswich have been rumoured to be in the US grocery giant’s sights.

In December 2016 the Masters site at Springfield seemed the likely spot, although a property at Wacol had also been flagged as the potential new home for Costco and there is also chatter about the superstore setting up at Bundamba.

Costco has been tight-lipped about its intentions and talk of Logan being the chosen city have been raging since 2015.

A spokesperson has previously hinted that any new Queensland site would follow the same design and layout plan as the North Lakes site with ground-level retail, fuel station and parking.

 

Originally Published: https://www.qt.com.au

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

infrastructure

Development Update: $67m Springfield Central Sports Complex

Published

on

Development Update $67m Springfield Central Sport Complex

A $67 million sporting development in Greater Springfield, an urban growth corridor located south west of Brisbane’s metropolitan area, is on track to open this year.

The developer of Greater Springfield says it is “cementing itself as one of Australia’s super sporting meccas” with its new Springfield Central Sports Complex slated to open to the public mid-year.

The new sporting facility, which neighbours Springfield Central State High School and St Peter’s Lutheran College, also joins the recent announcement of the $70 million Brisbane Lions AFLW stadium announced in January.

Development Update $67m Springfield Central Sport Complex

Springfield’s current population sits around 41,000 with this figure predicted to triple in size by 2030.

Rewind to 1992, when Greater Springfield founder Maha Sinnathamby purchased the 7000-acre parcel of land — today’s Springfield — which no developer wanted to touch.

Development Update $67m Springfield Central Sport Complex

Sinnanthamby says the region has a growing student population.

“There are currently 11,000 students in Greater Springfield, with that number expected to grow by 1200 each year moving forward,” the Springfield Land Corporation chairman said.

The developer says Greater Springfield is Australia’s first masterplanned greenfield city since Canberra, and to date it has seen $15 billion worth of infrastructure invested.

“We have a supersized CBD and an employment target of one job for every three residents,” Sinnathamby said.

The new sporting development will feature four ovals, 16 netball courts, eight fields, eight tennis courts, an athletics track as well as clubhouses and playgrounds.

Source: theurbandeveloper.com

Continue Reading

infrastructure

City Deal a $58bn ‘Game Changer’ for Southeast Queensland

Published

on

City Deal a $58bn ‘Game Changer’ for Southeast Queensland

South-east Queensland could be green-lit for the biggest “city deal” in Australia, with a $58 billion proposal to guide its growth, and the prime minister announcing his support for the major plan.

With a focus on supporting diverse sectors within the region including housing and planning, tourism, manufacturing and education, the SEQ City Deal could also pave the way for government-owned land to be opened for development.

Queensland deputy premier Jackie Trad this week released Transforming SEQ, which highlights 35 “opportunities” that could be considered as part of the future City Deal, including six “game changers” for the region.

“Modelling by KPMG has shown a SEQ City Deal could stimulate an increase of up to $58 billion in our economy by improving the productivity and competitiveness of the region,” Trad said.

‘Game Changer’ for Southeast Queensland-min

Prime minister Scott Morrison will be meeting with the SEQ Mayors and Queensland government to discuss the proposal this week.

The City Deal, which involves all three levels of government — council, state and federal — would see government working on priorities to drive the SEQ economy.

Under a City Deal plan, all three levels of government sign an agreement to set the priority infrastructure projects and initiatives.

City Deal a $58bn ‘Game Changer’ for Queensland

Integrated land-use planning approach?

Property Council chief executive Ken Morrison described the announcement as “a game-changer for the region.

“Our growing cities and urban regions are the engine rooms of the Australian economy,” Morrison said.

“The city deal model brings together all levels of government around the same plan to boost productivity and jobs through targeted investment in city-shaping projects and infrastructure.”

Property Council Queensland director Chris Mountford said the council has been collaborating with state government and SEQ councils for nearly six years on the potential for a city deal.

“The State and local governments have also agreed in principle to a more coordinated integrated land-use planning approach,”

“Opening up under-utilised government-owned land for development has also been agreed as a clear opportunity to unlock economic activity, create jobs and build business confidence.”

City Deal a $58bn ‘Game Changer’

Growing population

The region’s current 3.5 million population is forecast to increase to 5.3 million within the next 25 years, ultimately requiring an extra 800,000 homes and additional one million jobs.

Focus has been placed on the recently released people mass movement study which identifies the impact of the expected population growth on the region’s ability to cope with future transport demand.

Minister for Cities Alan Tudge said he, along with the prime minister, will be meeting with the SEQ Mayors to discuss the Deal.

“We need to cater for this rising population and the SEQ City Deal will be a huge step forward,” Tudge said.

South-east Queensland is already home to over two-thirds of the state’s population.

The region is home to nearly one in every seven Australians.

The agreement marks the second city deal for Queensland following the policy being first established in Townsville.

So far, city deals have been developed for Western Sydney, Townsville and Launceston, and a further four more are currently under negotiation in Adelaide, Hobart, Perth and Geelong.

 

Source: brisbaneinvestor.com.au

Continue Reading

infrastructure

$63b infrastructure plan to keep SEQ moving till 2041

Published

on

$63b infrastructure plan to keep SEQ moving till 2041

It’s going to cost $63.7 billion to keep South East Queensland moving over the next two decades, according to a study released today by the region’s mayors.

The population of the region is expected to grow by about 1.8 million people to more than five million people by 2041, putting extraordinary demand on the already strained transport network.

The SEQ People Mass Movement Study lists a total of 47 projects designed to keep city-to-city trips under 45 minutes and urban commutes under 30 minutes, including a faster rail network connecting the Sunshine Coast and Gold Coast via Brisbane and west to Ipswich and Toowoomba.

Brisbane Lord Mayor Graham Quirk said the infrastructure plan, coined the Strategic Transport Road Map, would keep the region “economically productive” while maintaining its liveability.

“Business as normal is not going to work, we need to increase the amount of money that is being spent in South East Queensland,” Cr Quirk said.

He said the plan would require an average expenditure of about $2.7 billion per year until 2041, which he said was “not an unrealistic figure”.

“What we are seeing in Sydney and Melbourne right now is this massive spend on infrastructure. That’s because they allowed it to get too far behind. We cannot do that in South East Queensland.”

He said there had been no shortage of plans for the region’s transport network, but it was time for all levels of government to unite with a shared vision.

Redland City mayor Karen Williams said the plan delivered the projects over a “reasonable amount of time with a reasonable amount of investment”.

“It’s not a matter of ‘can we afford this?’ It’s the fact that we can’t afford not to do it,” Cr Williams said.

Faster Rail is not as fast as high speed rail, which delivers speeds up to 350km/h, but could run at about 160km/h with top speeds of up to 200-250kmh, with limited stops.

It would be connected to the light rail networks on the Gold Coast and Sunshine Coast in order to ease congestion on major arterials.

Other projects include the Brisbane Metro, Cross River Rail and road upgrades, including the Pacific, Sunshine, Centenary, Ipswich and Logan motorways and the Bruce, Warrego and Mt Lindesay highways.

The study also took into account emerging technologies including autonomous vehicles.

It was first proposed in 2016, and began in September 2017, with the aim of bringing together multiple local, state and national transport studies into one cohesive plan.

The South East Queensland region takes in the Brisbane City, Ipswich City, Lockyer Valley Regional, Logan City, Moreton Bay, Redland City, Scenic Rim Regional, Somerset Regional, Sunshine Coast and Toowoomba Regional council areas.

Source: brisbaneinvestor.com.au

Continue Reading

Make your Super Work

smsf property investment smsf borrowing

Positive Cashflow Property

duplex designs, dual occupancy homes

Build a Property Portfolio

property investing property portfolio