A new $4.5m commercial development site by M-Space in North Lakes is set to expand North Lakes’ already thriving local business community even further. And with population growth of 40% in the past 4 years, it’s easy to understand why retailers are flocking to the suburb.
High-profile retailers like IKEA, Costco, and Bunnings attract 8m shoppers per year, meaning local businesses benefit from high numbers of foot and vehicle traffic. Whilst many businesses are entering the area, the increased demand is having an effect on local commercial lease costs.
M-Space spokesperson, Hamish Jackson, commented: “North Lakes is a fantastic location for local businesses, the suburb is growing rapidly and has support from several regional chambers of commerce. However, we’ve seen consistent increases in local lease costs and expect this trend to accelerate over the coming years. Businesses should certainly consider purchase over lease in order to secure their future in the area”.
In addition to M-Space, who are offering commercial property for sale below current lease costs, other big developments include Laguna, and Primewest, who cumulatively will add several dozen new opportunities for local retailers.
The local business community is supported by CCIQ North Lakes, who offer advocacy, support, and networking to the growing number of businesses. The chamber has seen a big increase in membership over the past six months, with the total number rising from 40-70 members since September. Dave Green, CCIQ President, commented: “North Lakes’ local business community is growing so fast we’ve had to start hosting events at larger venues, and we’re currently expecting to increase membership to 100 by March.”
Average annual household income in North Lakes is $10k above the state average, helping to fuel the fierce demand for commercial space, which will continue to drive lease costs over the coming years.
The latest research by Knight Frank shows that lease prices in Brisbane and South East Queensland are set to generate double-digit increases of 16.5% by 2020, and North Lakes is expected to emulate this trend.
Current commercial lease costs in North Lakes are $45k per annum; meaning prices could be $52.4k per annum by 2020. Given residential property value in North Lakes has more than doubled since 2006, its not surprise that increases in commercial costs will follow suit.
Businesses that are keen to join North Lakes’ business community are urged to make the jump soon, as competition is high and spaces limited.
Craft beer industry booms in Moreton Bay region
HANNAH Honnef may have German heritage and grew up on a vineyard, but she says her decision to join the beverage industry was not inevitable.
In fact, it came after she toyed with ideas of becoming a chemistry and maths teacher or a social worker before she realised she could combine her love of science with her creative side by making beer.
“After school I travelled to Germany, when I was 17, and spent seven months in Europe and that’s kind of where I fell in love with beer and really connected with our family over there and the German heritage,” she recalls.
“I just fell in love with the German beers and came back and after a year or so of trying a number of things at uni I realised that I didn’t really want to work anywhere but here (Ocean View Estates Winery).”
“I started off just doing winemaking and then talked to Dad about doing beer. Dad always wanted to do beer but didn’t have time and so I took it on as my little project.”
The Ocean View Brewing Company is part of a growing craft beer industry in the region.
“That was two years ago. The first six months was just experimenting and now we’re doing 500-litre brews,” Hannah says.
The 23-year-old has created a handful of varieties which she hopes will appeal to beer lovers and those who have not enjoyed a frothy one in the past. So, how long does it take to create a brew she’s happy with?
“That’s a hard question – sometimes it’s really quick, sometimes I just have it in my head and I can taste the flavours all together before it’s even finished, before I even start brewing and it works out exactly how I wanted it,” she says.
“Other times, for example the pale ale, (there) has been a lot of fiddling around and getting the balance of hops right.”
She knows she has it right when she and her mum enjoy it and she often asks restaurant customers for feedback.
“Craft beer is different because it’s smaller scale, it’s a lot more hands-on and we spend a lot of time playing around with different flavours and I think it’s also just the care and attention and love that goes into it that’s different,” Hannah says.
“I’m creating the recipe, the style, I’m involved in the brewing process, I’m involved in the filtering, I’m involved in the bottling. It’s really handcrafted as opposed to commercially mass-produced.”
While Hannah’s aim is to convert more women to drinking beer, she says her flavours are not targeted at just the female drinker.
“I guess they’re more just a reflection of me and what I love. They tend to be less hopped. Guys love them,” Hannah says.
“It’s all about balancing flavours and making the beers tasty with a certain delicateness and balance to them so everything is integrated and nothing is too over the top.
“It’s making it really tasty so that when you have one you’re really happy to go back and have a second.”
In the short term Hannah is keen to share her creations with more beer lovers while ensuring she can keep up with demand from Ocean View Estates cellar door and restaurant customers.
“Our main vision is to increase our production and to start distributing to places around Brisbane and a few bottle shops,” she says.
French Kiss (chocolate porter)
She’s Gone Pale (pale ale)
My Bouquet (delicate, gluten-free hibiscus saison)
Wattle We Do (Scottish ale fermented with roasted wattle seeds)
Where: Ocean View Estates Winery and Restaurant 2557 Mount Mee Rd, Ocean View
Details: 3425 3800 or visit oceanviewestates.com.
CRAFT BREWERS MAKING THEIR MARK:
Horny Wombat Brewery: 345 MacDonnell Rd, Redcliffe.
Phone 3284 9584 or visit hornywombatbrewery.com.au
Thirsty Chiefs: 4 /4 Wills St, North Lakes.
Phone 3880 6600 or visit thirstychiefs.com.au
White Brick Brewing: 1/9 Flinders Pde, North Lakes.
Phone 0402 054 743 or Facebook
Originally Published: couriermail.com.au
331,000 jobs: This is now Queensland’s biggest employer
Property Council Queensland executive director Chris Mountford said property was now Queensland’s leading employment sector. Picture: Mark Calleja
THE property industry has now become Queensland’s biggest employer with more people working in the sector than any other.
New figures released by AEC Group revealed that it had now overtaken health care and social assistance as major employers.
According to the Property Council Queensland the industry created more than 331,400 jobs and was the biggest direct contributor to employment in Queensland.
The latest figures showed employment in the industry grew by 38 per cent between the 2014 and 2016 financial years.
And as well as employing the most people it also was the biggest direct contributor to Gross State Product, delivering $42.7 billion.
Property Council Queensland executive director Chris Mountford said the industry also contributed significantly to tax revenue, forking out about $11.2 billion or 53.7 per cent of the total collected.
Of this a whopping $3,050 million was through transfer and stamp duty, while $1,010 million was collected in land tax.
The data was also divided into state government electorates to reveal which generated the highest amount of gross product and jobs.
The newly named McConnel electorate, which included Brisbane City, Kelvin Grove, Teneriffe, New Farm and Fortitude Valley had a gross product of $4330.9 million and 19,899 full-time equivalent jobs.
Mr Mountford said the figures showed how important the property industry was for creating jobs.
“Some one in three Queenslanders’ wages rely on our industry directly and indirectly – that’s a huge contribution to the livelihoods of individuals and families,” Mr Mountford said.
He said the industry covered a whole range of jobs from blue collar to finance and skilled trades.
Mr Mountford said the AEC Research, analysed employment and economic activity by industry sector.
Originally Published: brisbaneinvestor.com.au
Property Management3 years ago
7 Common GST Mistakes On Property
Infrastructure8 months ago
Decision on horizon for key marina section of huge North Harbour development at Burpengary
Infrastructure7 months ago
How train lines are driving property prices
Education7 months ago
MP vows Petrie university campus will be a reality despite claims saying otherwise
Market Place7 months ago
Queensland’s property flipping hotspots rise as profits roll in
Education7 months ago
Mayor calls funding freeze a ‘stake in heart’ of regional university plan
Market Place7 months ago
These are the suburbs with more sales than any other
Market Place6 months ago
Property sales strong as Mango Hill house listed for $1.1 million