Why Brisbane is Booming
Ideal climate and beautiful location on the Brisbane River aside, much of Brisbane’s growth can be attributed to offshore investors, who see a bright future for Brisbane as a hub for international trade. According to a study by Jones Land LaSalle reported in
Brisbane Marketing, the forecast for Brisbane is for an annual growth rate of 5%. Only Singapore, Austin (Texas) and Hong Kong come close to that projected rate of growth.
While the bulk of the offshore investment in Brisbane is focused on commercial real estate, the prognosis is also good for Brisbane residential property buyers and investors – if they know how to take advantage of it. In the past, the trend was to build and buy in the Brisbane suburbs. Since 2001, though, the trend has reversed. Today, the fastest growing suburbs in Brisbane are inner city suburbs. The populations of Newstead and Fortitude Valley exploded during the first decade of the 21
st century and the trend continues, with 3 out of 5 of the fastest growing suburbs in Brisbane being older inner city suburbs.
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