What could our cities look like in the future?
Using digital 3D software, the development pipeline for Melbourne, Sydney, Brisbane, Perth, Adelaide and Canberra have been visualised. Each model illustrates predications for the cities future skylines addressing the Office, Residential and Hotels/ Student Accommodation sectors.
As Sydney’s growth continues, infrastructure and demographics will reshape metro office markets and position Parramatta and North Sydney to absorb a significant portion of Sydney’s growth.
Melbourne is in the midst of a construction boom fuelled by corporate expansion and population growth. The city is expected to increase by over 100,000 people per year for the next 30 years and could become Australia’s largest city by 2031.
Brisbane is Australia’s third largest city and number one location for interstate migration gaining 242,000 people from other states over the last 15 years. Queensland’s economic growth is projected to be the strongest of all states and territories over the next 20 years.
Perth is continuing to attract global capital with 62% of major office asset transactions (by value) have been acquired by offshore capital in the last two years.
Adelaide is Australia’s fifth largest city and comprises around 1.4 million square metres of office floor space in its compact CBD.
Canberra has recorded surging growth in overseas inbound tourism, the highest in the country. In turn, the state government is investing $2.8 billion in infrastructure across Canberra over the next four years, including Stage 2 of the light rail to Woden.