Australia Budget 2021-2022

Australia Budget 2021-2022

The 2021-22 Budget includes a range of support for industry growth, small business owners and employers. Find out what the 2021-22 Budget means for your business.

https://www.qicg.com.au/post/australia-budget-2021-22

australia #federalbudget #budget #business #brief #news #qicg #update #qld

Luxury Retail Precinct – $3.6 Billion Queen’s Wharf, Brisbane City

The Queensland State Government have announced that the Queens Wharf redevelopment currently under construction by Destination Brisbane Consortium will house a world class luxury fashion shopping precinct.

Destination Brisbane Consortium (DBC) announced it has secured a deal with retail giant DFS which boasts a portfolio of 750 of the world’s most sought-after brands…

For more info please visit: https://www.qicg.com.au/post/luxury-retail-precinct-3-6-billion-queens-wharf-brisbane-city

The Indisputable Reasons to Invest in Healthcare Real Estate

With a significant downturn in the economy, finding a rock-solid investment can be a little tricky. One such sector that is bucking the prevalent trend for many investors is medical centre & healthcare real estate.

The health sector in Australia makes up approximately 10 per cent of GDP(GrossDomestic Product). It is one of the industries that is growing despite the upheaval in the current global market.

Strong indications of continual growth can be observed on the back of an ageing population, longer life expectancy, substantial government healthcare subsidies and a general increase in the demand for medical services.

https://www.qicg.com.au/article/the-indisputable-reasons-to-invest-in-healthcare-real-estate

QLD multi-billion-dollar transport spend unveiled in the state budget.

Queensland commuters, freight drivers and tourists alike will benefit from the multi-billion-dollar transport spend unveiled in the state budget.

Southeast Queensland will be the big winner, with huge investments set to be delivered along the rail corridor, on the M1 between Brisbane and the Gold Coast, local rail lines on the Gold and Sunshine coasts, and upgrades along the Bruce Highway growth corridor.

The rest of the state hasn’t been forgotten, with a multi-billion-dollar Bruce Highway capital program to benefit towns between Cairns and Brisbane and rail investments for the regional network.

As promised in the election campaign, Queenslanders will be on-board 20 new trains by 2025, all bearing a stamp not seen in more than a decade – Made in Queensland – with construction set to begin at Maryborough.

In total, the government will spend $6.3 billion in “transformative transport infrastructure”, which includes $1.5 billion to continue construction work on the Cross River Rail.

https://www.qicg.com.au/post/qld-budget-2020-massive-spends-on-train-roads-as-state-bounces-back

Federal budget: income tax cuts brought forward for 11 million Australians

Federal budget: income tax cuts brought forward for 11 million Australians

https://www.theaustralian.com.au/nation/politics/budget-2020-winners-losers/news-story/4ca9585d7dd6c3ce1f2a0b5498d6e0cchttps://www.theaustralian.com.au/nation/politics/budget-2020-winners-losers/news-story/4ca9585d7dd6c3ce1f2a0b5498d6e0cc

Light rail to the Gold Coast Airport business case to begin

“This business case will support the next critical steps needed to push major transport investments on the Gold Coast forward which is vital for Queensland’s economic recovery,” Ms Palaszczuk said.

https://www.qicg.com.au/post/light-rail-to-the-gold-coast-airport-business-case-to-begin

Today is the day Brisbane Airport opens its new parallel runway

Today is the day Brisbane Airport opens its new parallel runway

The first aircraft will use Brisbane Airport’s new parallel runway on Sunday, 15 years after planning began to give the River City an extra stretch of tarmac.

The finished product is expected to be completed at a cost of $1.1 billion, $200 million under budget, after eight years of construction.

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The runway received clearance for take-off on September 18, 2007, when the federal government approved the major development plan.

Since 2012, 324 subcontractors – 90 per cent of which were based in south-east Queensland – have worked 3.3 million hours to build the 3.3-kilometre strip.

The runway is built on a 360-hectare reclaimed site, made possible by pumping 11 million cubic metres of sand from Moreton Bay through a 4.5-kilometre pipeline.

The site preparation and reclamation works were completed in May 2017, triggering the start of construction of the $120 million Dryandra Road Underpass, which opened in October 2018.

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In April last year, work began on the John Hansford Bridge, which will form part of the surrounding road network and has been named after Brisbane Airport’s longest-serving employee.

In December, the last of the 100,000 tonnes of high-strength asphalt was laid, the final layer of the runway’s pavement design.

The first part of this year was spent on the final touches: 120 kilometres of runway and taxiway markings, navigational aids, control tower systems and finishing the ground lighting.

Construction wrapped up at the end of April, ahead of the July 12 grand opening.

Brisbane Airport Corporation chief executive Gert-Jan de Graaff said the new runway was a catalyst for change in Brisbane.

“This new runway is so much more than asphalt,” he said.

“It is an enabler for recovery and growth across all facets of business, with an estimated 7800 new jobs created by 2035 and an additional $5 billion in annual economic benefit to the region.

“Now more than ever it is crucial that we have the infrastructure and mechanisms in place to allow our great city and state to recover from the COVID-19 global pandemic, and Brisbane Airport and this new runway will play a strong part in that.”

The new tarmac is predicted to slowly double Brisbane Airport’s passenger numbers from 23.4 million in the 2018-19 financial year to more than 50 million by 2040.

This would increase Brisbane’s daily flights at the airport to about 110 aircraft movements an hour, putting the airport in the same league as Singapore Changi Airport.

Source: https://www.brisbanetimes.com.au/national/queensland/today-is-the-day-brisbane-airport-opens-its-new-parallel-runway-20200710-p55ayy.html

☕️📰📈 Stocks Climb in Light Volume Ahead of Earnings: Markets Wrap

Stocks Climb in Light Volume Ahead of Earnings: Markets Wrap

www.bloomberg.com/news/articles/2020-04-13/asia-stocks-set-for-mixed-start-ahead-of-earnings-markets-wrap

Should’ve stayed indoor today 🌬💨📰😷😄

Should’ve stayed indoor today 🌬💨📰😷😄

https://www.google.com.au/amp/amp.abc.net.au/article/11691860

📰 Quote of the day: https://lnkd.in/gfR-bWz #Under30Summit – Forbes

📰 Quote of the day: https://lnkd.in/gfR-bWz #Under30Summit – Forbes