Brisbane | Australia’s new world City

“Brisbane joins the ranks of other first world capital cities with more than $10 Billion of projects scheduled for completion by 2022, as the city transforms there has been a surge in population and jobs growth attracting local and interstate investors.”

Click here to download 20 Major Projects

20 Major Projects in Brisbane changing the nature of Brisbane forever

Recent Highlights

Massive Population Growth of another 662,000 new residents in Greater Brisbane by the year 2031
- Equivalent of adding the current population of Sunshine Coast + Gold Coast to the city
- Brisbane to grow to same size Melbourne’s population sits at today
Requiring another 280,100 new dwellings
- Meaning 20,000 new dwellings per annum
- 10 years later this number will rise to 495,300 new dwellings
- Supply for dwellings (outside of the CBD) struggles to keep up with demand for owners and renters
35% of Brisbane residents are Renters
- Highest percentage in Australia
- Historically low vacancy rates, plus strong rental yields attracting investors
Today 195,000 residents make use of rail services rising to 434,000 by year 2031 and 350,000 make use of bus services rising to double that in 2041
- Hence need for new Brisbane Metro upgrades to their high capacity rapid transport system to carry 22,000 people per hour
Brisbane International Airport $1.7bn upgrade will host 50 million passengers passing through Brisbane Airport in 2037 creating 7800 new jobs
- More than double current figures and hence the requirement of a new $1.3Bn parallel runway to open in 2020
1,250 new Doctors will be required 15 years from now, as will the requirement for new clinics/hospitals and support staff
- Australia wide has an ongoing increase of new jobs being created in the health care industry
Health Care industry will employ 230,000 in 2031 being the largest employment sector
361k jobs required in the Employment Industry by 2031
Brisbane Economy is expected to grow to $250 billion in 2031 up from $150bn today
The fastest growing economic area outside of Brisbane CBD over the next 15 years is the Eagle Farm – Pinkenba area
42 new Shopping Centers are expected to be built by 2031 stimulating employment across the Brisbane LGA
The $110m development of the Howard Smith Wharves will extend the CBD riverfront adding more services and facilities for residents and visitors whilst also creating 2000 new construction jobs and 4,000 employment opportunities after construction
The $10.3Bn Queens Wharf precinct will become a hub which connects key attractions of the city, Botanic Gardens, Queens Street Mall, South Bank, the Cultural Precinct and Brisbane river also stimulating the Brisbane economy and jobs market with 2,000 new jobs during construction and 8,000 after construction to be completed in 2019
Brisbane Metro $1.5bn upgrade to improve commuter efficiencies will create 7000 jobs during construction to be completed in 2022
Millennium Square $2bn development will create 10,000 new construction jobs completing in 2025
Brisbane Showgrounds $2.9bn upgrade will create 5,000 construction jobs completing in 2019
Northshore Hamilton residential development is staged over the next 20 years creating 15,000 additional jobs
Brisbane Live is a $2bn inner city development creating 10,000 new jobs
The $800m Brisbane Quarter development will create 5,000 new jobs
The Cross River Rail project designed to improve commuting is a $5.4bn project creating 3,000 new construction jobs to be completed in 2021
The so called predicted over supply of inner Brisbane Apartment markets is dwindling with only 810 apartments due for completion in 2018 and a very low 336 for 2019 whilst demand for inner city living continues to increase on the back of thousands of new jobs and population growth

“The above equates to your Investment Opportunity; supply is struggling to keep up with increasing demand in most locations.”

“Billions of dollars’ worth of major infrastructure projects, either under construction or in the planning stage, are rapidly changing the face of Brisbane and Queensland. Bringing together public and private sector expertise in successful partnerships, the city and the state’s myriad transport, energy, health and education infrastructure projects present a wealth of opportunity for investors to tap into this critical sector of Brisbane’s growing economy.”

Brian Haratsis a Queensland Town Planner of over 30 years understands that Brisbane will grow to the same size Melbourne is at today with an expected population of 3.6 million by the year 2040

Right now Brisbane has a population growth of a little under 100,000 new residents per year, equating to 1,900 new residents per week who require 800 – 1000 new dwellings to house them. Demand is putting massive pressure on supply forcing rental yields to increase which in turn will improve capital growth in the coming years

Brisbane projected to outgrow mature world cities in order such as : Singapore, Austin, Hong Kong, Salt Lake City, Orlando, Perth according to Jones Lang Lasalle 2012 Report.

BRISBANE

Fastest growing city in Australia
- Greater Brisbane Population Growth by 2036 : 18%
- Brisbane CBD by 34%
Second largest metropolis on the planet
One of the fastest growing cities in the world in the top 8
Investment Attraction
- Queensland’s real GDP growth outperforms global competitors – UK, USA, Japan
- Home to the largest public infrastructure spending program in Australia’s History
- Australia’s fastest-growing consumer market
- Airport, 2^nd Highest number of international arrivals into Australia
- Airport Upgrade $1.83 billion dollars (upgrade to Runway and both International & Domestic Terminals)
- Port, Australia Trade Coast – connecting Brisbane to national and global markets
- Home to 127,000 Businesses
- The closest major Australian capital to the Asia Pacific
- Growth powerhouse of the Australian Economy
- Ranked by KPMG as one of the world’s most cost-competitive locations
- Young professional demographic
- World class education infrastructure
- Hosts one of the world’s top 3 convention centers
- Brilliant beaches 30 minutes from downtown Brisbane
- International Head offices
- International Sporting Events
- Cultural City with Australia’s largest gallery of modern art
- One administration / city council means faster decision making processes

“Brisbane’s strong economy, efficient and proactive government, strong job market & appealing lifestyle will ensure strong Rental Yields and Capital Growth.”

Visit, Play, Invest, Study, Meet, Grow, Enjoy – Live Brisbane!!

Brisbane’s inner city is forecast to become undersupplied in the residential rental market, reaching record low vacancy rates as more inner city projects kick into gear whilst supply of new dwellings dramatically drops off

Strong rental growth is forecast for both 1 bedroom apartments (median rents to top $400 per week) and 2 bedroom apartments (median rents to top $560 per week) in the coming 5 years.

There is a large volume of investment and development under way in the South Brisbane area – which will inevitably have a highly stimulatory effect on resident demand, employment and underlying price growth for residential dwellings in the medium and long term

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Employment Opportunities

Some of the largest employment nodes within inner Brisbane – such as the Mater Hospital and Queensland Cultural precincts – are located in South Brisbane, all within walking distance or easily accessible via public transport. As more projects start construction or complete further new jobs in their thousands will be created in inner Brisbane. These significant employment nodes combined with the close proximity to Brisbane CBD underpin demand for residential accommodation within South Brisbane.

Choose from an All-star Cast of Education Facilities

South Brisbane is also strategically located within close proximity to Brisbane’s premier Tertiary and Secondary Education Institutions, including:

QUT Gardens Point
Griffith University’s Conservatorium of Music and Collage of Art Campuses
South Bank Institute of Technology
Easy access to the University of Queensland across the river at St Lucia Brisbane State High School, Brisbane Boys Grammar School, Brisbane Girls Grammar School, Somerville House and St Laurence’s College.

Brisbane’s Big Picture

There is an excellent degree of lifestyle amenity in South Brisbane – kilometers of walkways, paths and cycle ways as well as numerous parks including Kurilpa Point Park, Musgrave Park, Davies Park and South Brisbane Riverside Lands Park.
Inner Brisbane’s premier cultural, entertainment, lifestyle and recreation precinct – South Bank is located along the riverfront at South Brisbane. South Bank attracts in excess of 11 million people annually making it Brisbane’s number one tourist destination and a large contributor to the local economy

A Full House with Low Vacancies and a High Demand

Brisbane’s inner city is forecast to be the most undersupplied residential rental market across Queensland reaching record low vacancy rates in the coming years

Strong growth is forecast for both 1 and 2 bedroom apartments in the coming 5 years:

1 bedroom median rent to tip over $400 per week
2 bedroom median rents to reach over $560

Standing Out above other major Australian Cities

Over the past year South Brisbane has recorded an impressive increase in median price of 11.2%.
South Brisbane has consistently achieved a premium in median apartment price over the Broader Brisbane LGA over the past ten years with an average of 19% (refer to graph).
South Brisbane has recently and will continue to undergo a large volume of investment and development within the area – which will inevitably have a highly stimulatory effect on resident demand, employment and underlying price growth of residential dwellings in the medium and long term.
Currently the inner south accounts for only 15% of the total market share of new residential apartments due for market entry over the next three years, indicating the suburb could have an undersupply of apartments compared to other areas of inner Brisbane. Matusik Property Insights

Investment Opportunities in Brisbane and surrounds include :

Brisbane here
Brisbane inner suburbs
Western Growth Corridor
Ipswich here
Spring Field Lakes here
Toowoomba here
Sunshine Coast here
Transport Infrastructure Fact Sheet here

Types of dwellings : House and Land, Townhouses, Terraces, Dual Occupancy, Dual Key, Duplex and Apartments

Brisbane