Invest Australia focuses its attention to the property market in Brisbane. Boasting the third largest population in Australia, Brisbane offers a diverse property mix. According to Australian Real Estate leader, PRDnationwide, a report showed that Brisbane is one of the ‘World’s most liveable cities’. Not to mention that Lonely Planet named Brisbane the happiest city in Australia. Brisbane is growing in popularity with investors near and far, that’s why Invest Australia will be keeping a close eye on this developing investment goldmine.
The BIS Oxford’s 3-year forecast to 2021 suggests that Brisbane will see the strongest growth of any property market. The population and property market growth can be attributed to major projects like Queen’s Wharf, HS Wharf, TradeCoast, Cross River Rail and many more. One of the substantial changes taking place in Brisbane, which is due for completion in 2020, is the Airport’s $1.3billion second runway. As a result, there is a growing demand for rental properties; Brisbane has a 9% – 10% higher rental demand than Melbourne and Sydney.
This emerging city’s economy is currently estimated at $135 billion and predicted to increase to more than $217 billion over the next 12 years. As it stands, we are already seeing how resilient the Brisbane’s property market is. As it stands, houses in Brisbane’s inner and middle ring suburbs offer the best prospects for long-term capital growth.
Invest Australia is a one-stop solution for South African based investors and will be focusing on property opportunities in Brisbane. To discover more about off-plan developments and gain insight into the Australian property market, ensure you register your information to be the first to know.
