A Far North Queensland Bunnings will undergo a $6.8-million transformation to become Screen Queensland’s new 6500sq m production facility as the industry ramps up in the sunshine state.
Screen Queensland chief executive Kylie Munnich said the film industry had had a record-breaking year, with about $480 million injected into Queensland’s economy last financial year.
And 2022 is looking to be even bigger with Hollywood stars including Julia Roberts and George Clooney flying in for filming during the summer.
“Recent productions for the region include the Queensland-made hit movie This Little Love of Mine, which rated number one on Netflix in the UK, and Network Ten series Dive Club, which was filmed in Port Douglas and released to international audiences on Netflix recently,” Munnich said.
“The Far North is home to expert local screen businesses such as Lone Star Productions, the team behind the NITV and SBS food and travel program Strait to the Plate; and cinematographers BioPixel and BioQuest, who worked on David Attenborough’s Life in Colour.
“Currently in production at Mission Beach in Far North Queensland is Screen Queensland-supported Irreverent—Matchbox Pictures’ drama series for Universal Studios Group about a criminal who poses as the new church reverend in a small reef town.”
The $6.8-million overhaul would create a sound stage and support facilities, including production facilities, construction, wardrobe and hair and makeup departments, as well as events space and creative tenancy spaces.
The site at the corner of Spence and Fearnley streets would create a creative hub for the Far North, according to Screen Queensland’s head of studios Derek Hall.
“The implementation committee is working with architects and designers to create a facility that is multi-purpose and supports collaboration, serving the needs of a wide variety of local screen creatives and the wider artistic and cultural community in general,” he said.
“With this new complex in Cairns, Screen Queensland will soon be operating a network of studios across the state—that’s massive for Queensland and an exciting opportunity for local crew and creatives to have such a facility in their backyard.”
Construction on the new facility will begin early in 2022 and is should be operational by mid-2022.
Queensland Premier Annastacia Palaszczuk said there had been a record number of film projects lured to the state.
“In the last 18 months we’ve had a record number of projects being filmed here or wanting to film here, generating millions for our state economy and requiring a workforce of thousands,” Palaszczuk said.
“The pipeline of productions is critical for our economic recovery, having kept Queenslanders in jobs throughout one of the most challenging times in our history.
“And we want to continue and grow that momentum which is why we promised to build a new $6.8-million studio in the Far North.
“This new studio for the north also creates a state-wide network of world-class facilities with Screen Queensland Studios in Brisbane and Village Roadshow Studios on the Gold Coast, giving producers yet another reason to choose Queensland.”
Article Source: www.theurbandeveloper.com
Cairns region sees the resurgence of the banana farm market: HTW Rural
Since July 2019, approximately 20 per cent of total rural sales over 20 ha comprise sales purchased for conversion to banana production or of going concern banana farms.
Banana prices have gradually improved since its 2016 low caused by the Panama TR4 banana disease, according to the report.
Recent trends in banana prices in the Brisbane and Melbourne have both increased.
HTW director Danny Glasson notes 60 sales over 20ha has occurred in the region since July last year.
This article is republished from https://www.propertyobserver.com.au/ under a Creative Commons license. Read the original article.
Cairns $1bn Global Tourism Hub on Back-Burner
The Queensland government’s tour of the far north to kick-off construction projects has fallen short of its $1 billion “global tourism hub” expectations.
But the state government is still pushing ahead with the $176 million redevelopment of the Cairns Convention Centre to help support the tropical city, which has been devastated by the drop in tourism due to Covid-19.
The pandemic has caused the government to end its expressions of interest development campaign as the proposals “didn’t cut the mustard”, according to tourism minister Kate Jones.
“A global tourism hub requires not only international tourists but a multi-billion-dollar investment from a global investor. At this time, this is not realistic,” Jones said.
“I’ve said it before and I’ll say it again—we won’t commit prime waterfront real estate in Cairns if we can’t be certain that what will be delivered will bring thousands of extra tourists and give the tourism industry a leg up.
“The proposals we received just didn’t cut the mustard and didn’t represent value for the people of Cairns.”
The new convention centre was part of the state government’s global tourism hub plans, along with a multi-million dollar port upgrade.
Lendlease was appointed the major contract on the convention centre project, adding to the company’s construction footprint in the area, including the $60 million Cairns Central shopping centre redevelopment already in progress.
The Cairns Convention Centre was closed in April in preparation for the 10,500sq m expansion project and is expected to take two years to complete.
Key features of the redevelopment include a large, undercover, tropically planted drop-off and entry forecourt, an expanded main entry lobby, a 410-seat lecture space, three 120-seat meeting rooms and new exhibition space for up to 30 display booths.
Cairns Central shopping centre project is a private investment by Lendlease, which is also the owner of the centre as well as the managing contractor of the project.
The shopping centre is the largest retail complex in the city and upgrades include a 7,500sq m Myer refurbishment, a Woolworths-anchored food hall, parking improvements, children’s play area as well as additional amenities and upgrades to existing spaces.
Significant headway has been made on the project during the past year, with two stages of the Myer fitout already complete and works under way on the Spence Street express parking ramp.
This article is republished from theurbandeveloper.com under a Creative Commons license. Read the original article.
Cairns real estate: Buy and sell remains strong in a pandemic
A global pandemic has not dampened demand for property in the Far North with many agents posting record sales.
A GLOBAL pandemic has not dampened demand for property in the Far North, with many agents posting record sales.
Elite Real Estate Services sales director Karl Latham said this week had been the firm’s busiest in months.
“Obviously there has been a big impact in a negative way on the share market and bricks and mortar is relatively safe,” he said.
“We’ve got high vacancy rates, the mortgage rate has dropped to about 2 per cent. In any previous economic shift, usually the property market is affected in a negative way, but not now.
“We have just got to adapt, really – there is still an intention out there to buy and sell.
“There are still rental properties on the market, there will still be people taking job transfers and needing homes, people moving away and selling.
“I think the market will go on – the conditions will make it more difficult for inspections, but we will all come out the other side, whether it’s (in) a few weeks or a few months.”
RE/MAX Cairns principal Ray Murphy said that in the past 10 days his office had completed seven cash contracts.
“And they were not small either – they were for properties worth $400,000 to $800,000,” he said.
“We’re finding because the stock market is so vulnerable and unpredictable, people are pulling their money out and putting it in bricks and mortar, and we are seeing a positive flow-on from that.
“I’ve talked to first home buyers who have said ‘if I lose my job, I’ll have to pay rent, so I may as well buy the house because the house is cheaper’.”
An auction held on Tuesday at the Whitfield chapel recorded a 50 per cent clearance rate.
For those who already own property, Mortgage Choice Cairns’s Lindon Reed said there were two ways to take advantage of a highly unusual economy.
“Look at your own individual circumstances. If you are in a casual job and the future is a bit uncertain, talk to the banks,” he said.
“If you’re in a safe job or you’re self-employed but stable and you’re expecting your income might drop a bit, considering refinancing, even if it is a 50/50 combination, so you’re getting that benefit of the reduction in interest rates.
“We are preparing for people to hunker down and take advantage of these low rates.
“People are starting to say the RBA doesn’t have too much room to move, we’re expecting things to flatten out a bit. The banks have already proven they are passing the cuts on. Earlier this month, all they did was drop the variable rate, never touched the fixed. This time (on Thursday), the variable stayed the same and they dropped the fixed. They are hedging their bets.”
With first homebuyer’s grants and the mortgage insurance guarantee certain to continue, according to Mr Reed, the property market should continue to get an injection from the younger demographic.
“The First Home Loan Deposit Scheme is going gangbusters, especially for smaller homes and units,” he said.
This article is republished from www.news.com.au under a Creative Commons license. Read the original article.
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