Future Directions: Looking forward to 2020
The Property Council’s Queensland Future Directions Committee analysed the health, education and tourism sectors at their recent market outlook event at the Novotel Brisbane.
Over 100 attendees heard predictions for three property asset areas over the next decade, with our panel of industry experts provided unique insight into their area of expertise. The evening also provided the opportunity for networking with both industry peers and panellists.
The panel discussion was facilitated by Sarah Scruby, Senior Development Manager – Racing Queensland, and Chair of the Property Council’s Queensland Future Directions Committee.
Christina Cho, Director - Cox Architecture, discussed the emerging trends occurring in the delivery of education-based projects. Her role as Project Leader for the Queensland Government’s first vertical school (Fortitude Valley) provided her with invaluable insight on the challenges of delivering projects in environments with limited land supply. This development template is becoming increasingly adopted as education institutions look to establish an inner-city presence.
Richard McLachlan, Development Director - Herston Qtr, discussed his leadership role in the development of the Herston Qtr precinct, a $1.1 billion project that will provide access to integrated health, hospital and aged care services. Richard analysed the future of precincts and the critical factor of maintaining flexibility within broader precinct planning regimes.
The emerging demand for health services was the focus for Joanna Vasiliou, Director of the Built Environment – Mater. The changing nature of health services, the predicted demand increases from a growing and ageing population, and limited central land supply are core challenges the health sector will need to respond to. As a result, health services are predicted to become less centralised and rely on more flexible arrangements such as in-home care.
Steven Silvester’s, (General Manager Investment and Industry Development – Brisbane Marketing) insight into foreign partnerships and investment strategies was highly topical given the current socio-economic climate. Looking beyond recent shocks to Australia’s Tourism sector and at how Brisbane can harness the economic benefits of tourism and investment will be crucial for laying a platform of long-term growth. Leveraging the benefits of a potential 2032 Olympics was a core component of this.
The Property Council would like to thank all the guest speakers for providing their insights.
To view the photos taken at the Queensland Property Council’s Future Directions Market Outlook, please visit the Queensland Property Council’s Facebook page .