Property market update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Australia’s largest infrastructure project has opened today in one state and is set to open up the capital, according to a government department.
Brisbane’s AirportlinkM7 has now been opened officially, according to minister for State Development, Infrastructure and Planning, Jeff Seeney.
"Along with the Clem7 Tunnel and the Go Between Bridge, Airportlink will change the way people travel across some of the busiest parts of the city," Mr Seeney said.
"It will reduce travel times significantly and should ease traffic congestion in Brisbane's inner northern suburbs by linking the busy northern arterials of Gympie, Stafford and Sandgate Roads to the Inner City Bypass and Clem 7.”
Cutting travel times substantially by easing congestion, investors and tenants alike have the potential to start looking further away from the city centre for property.
The $4.8 billion project, that took four years to build, is one of several planned for the road network.
"Brisbane now has the most sophisticated road tunnel system in the nation which will provide important economic benefits for Queensland,” he said.
Capital refers to the financial resources that are available to be used for income generation.