Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Monday, 29 February 2016

City Hall

A different view or three of the city of Brisbane, taken by my good self from atop the City Hall clock tower which was built between 1920 and 1930. 

The City Hall was originally proposed to be located over in Fortitude Valley, but ended up being plonked on the marshy bog that today we know and love as the concrete jungle that is King George Square. 

Ah, such foresight, in every possible regard!

The poor old City Hall has had a few minor structural issues lately - being built on essentially swamp land, in a nutshell it has been sinking towards the core of the earth, and it also has a bit of concrete cancer - so it was closed for a few years, but has now been open again to visitors since 2013.

City Hall was once the tallest building in Brisbane. Unfortunately as you can see quite a few other tall buildings have sprouted up since, rather obscuring the once diverting views.

One of the skinny Meriton serviced apartment towers to the right of shot below. 

Many if not most of the Central Business District (CBD) apartments are short stay lets, so don't believe all of the hype about city oversupply - short stay rents can be anywhere up to $1,500/week for 2 bedroom serviced apartments. Some oversupply, huh. 

Mostly the apartment overbuilding to date has been focussed around the West End, South Brisbane, Newstead, Fortitude Valley etc.

The best part of the climb is getting to see inside the 92 metre clock tower. 

With a diameter of 5 metres I believe it's the largest clock in Australia (could be wrong on that, maybe that one in Melbourne? Or actually, that one isn't 5 metres, is it? Anyway, I stand to be corrected), though the lift shaft probably isn't one for claustrophobes, being the original lift installed for use by workmen in 1929.

The clock tower design is based upon that of the Campanile in Venice, but the enormously loud bells don't chime at weekends, mainly because the hotels in the CBD complained that they were losing custom as a result.

Incidentally the original foundation stone laid in 1917 has a time capsule locked inside it within a zinc cylinder, including copies of newspapers of the day. Not so sure that people are still doing that sort of thing today, though...lob a copy of the Courier Mail under 12 Creek Street perhaps?

Well worth a visit!