LOCATION
Why Brisbane? Queensland’s capital has a population of just under
1.5 million people and is Australia’s fastest growing
city with a lifestyle that is unmatched and that has led
it to be called Australia’s “most liveable city”.
It is also tipped to become the country’s second largest
city in the next decade.
The PMI Residential Property Overview forecasts almost
1100 people arriving each week into Brisbane alone, drawn
equally
from overseas and interstate locations. Almost 45 000
dwellings will be needed annually to meet the demand.
The commercial
property opportunity is intrinsically linked to this
surging population growth that holds Brisbane as its
central focus.
Vacancies in the Brisbane CBD office market have been
trending downwards since 1994, and record low vacancies
of just
0.3% are leading to double digit growth in rentals.*
(*Source: Jones Lang LaSalle and Colonial First State
property research). Beyond the Brisbane hub, the economic appeal of Queensland
is all encompassing. With mining, agriculture and tourism
as the anchors, the surging economic growth is founded
on strong fundamentals, not least of which is the growth
in
population that serves to increase demand in every sector
and provide a solid platform for investors who look to
participate in the spectacular opportunity that is Queensland
today…..and
tomorrow. |