Brisbane’s Rise: The Next Big Thing in Australian Property Investment
Time and time again, real estate proves to be a good investment (when done correctly of course), and one city that is consistently attracting investor attention is Brisbane. With its growing population, strategic location, and promising infrastructure developments, Brisbane offers a wealth of opportunities for those looking to enter the property market.
Recent data also revealed that Brisbane has now become the second-best performing capital for price growth, solidifying its position as a prime investment destination. And if that introduction alone doesn’t convince you, let's explore 4 compelling reasons why investing in Brisbane's real estate is a smart move.
1. Property Growth: One Of Australia’s Best Markets
Brisbane’s property market boomed during 2020-21, with house prices shooting up by a jaw-dropping 42.7% from the Covid lows to their peak in June 2022. Things have cooled down since then, and the market has returned to a more normal state. But here’s the good news: Brisbane’s housing sector has proven its strength and resilience, doing better than many other places.
In June 2023, the median house price got a significant boost, rising by +1.3%, which is a big improvement compared to what we saw this time last year. And throughout the quarter, house prices kept going up, with a solid +3.0% increase in value.
So, while we might not be in the crazy boom anymore, the property market is still doing pretty well compared to the time before Covid hit. It shows that Brisbane’s real estate is a reliable and sturdy choice for both buyers and sellers.
2. Infrastructure: Driving Economic Growth & Accessibility
Investment in infrastructure can have a significant impact on real estate markets. Brisbane is experiencing a flurry of major infrastructure projects that are set to enhance the city's accessibility and amenity.
These projects not only improve the quality of life for residents but also stimulate economic activity and job creation. By 2031, the economy is projected to be worth over $217 billion, according to the Brisbane City Council Economic Development Plan.
Some notable infrastructure projects in Brisbane include:
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Cross River Rail: A new 10.2-kilometer rail line with twin tunnels beneath the Brisbane River and the CBD, enhancing public transportation options.
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The Gabba Redevelopment: A $2.7 billion project that aims to revitalize the iconic cricket ground and surrounding precinct.
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Brisbane Live: An $2.5 billion entertainment arena complex located at a key CBD transit hub, serviced by underground rail and busway infrastructure.
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Queens Wharf: A major integrated resort development in the CBD that includes hotels, residential apartments, a casino, and a public precinct.
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The Brisbane Metro: An important addition to Brisbane's transportation network, connecting the city to the suburbs.
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The New Queensland Cancer Centre: A state-of-the-art facility that enhances healthcare infrastructure in the region.
These infrastructure projects not only improve connectivity within Brisbane but also attract businesses, residents, and tourists, driving further growth in the real estate market.
3. Demographics: A Growing Population
Brisbane's population has been steadily increasing, and the trend is expected to continue. As of 2023, the metro area population of Brisbane stands at 2,505,000, marking a 1.33% increase from the previous year. The city is projected to be home to over seven million people by 2055, according to the 2015 Intergenerational Report.
Brisbane boasts a multicultural population, with approximately 25% of its residents born outside of Australia. The city attracts people from diverse cultural and ethnic backgrounds, including New Zealand, the United Kingdom, and China. This diversity adds to the city's rich history and cultural fabric, making it an exciting and unique place to live and visit.
Furthermore, Brisbane's relatively young population, with a median age of 36 years, contributes to its vibrant and dynamic atmosphere. The city's sub-tropical climate, laid-back lifestyle, and affordable property options make it an attractive choice for individuals and families seeking a high quality of life.
4. Lifestyle: A Laid-Back & Vibrant Culture
Brisbane offers a laid-back culture and a relaxed lifestyle, thanks to its sunny climate, national parks and nearby beaches. The CBD and its surrounds are buzzing with trendy cafes, beautiful green spaces, and a vibrant arts scene. As the Brisbane River gracefully winds through the city, it conveniently connects various suburbs and landmarks.
It’s a city full of cultural and creative abundance, where blockbuster exhibitions, thrilling theatre productions, captivating street art, and live music venues await to delight you.
Whether you're seeking a leisurely day out with friends and family, exploring the tranquil national parks for a relaxing picnic, or craving outdoor adventures, Brisbane has it all. Dare to venture into the captivating Kangaroo Point Cliffs, the majestic Glasshouse Mountains, or the picturesque Stradbroke Island. This city is truly a paradise for outdoor enthusiasts, making it the perfect base for unforgettable experiences.
And as if that's not enough, Brisbane's prime location also grants easy access to the world-class beaches of the Gold Coast and Sunshine Coast. Brisbane truly has something for everyone.
Capitalise On Brisbane’s Bright Future With Aurora Realty
If you're looking to take advantage of the Brisbane market but need expert guidance on ideal investment suburbs, our team is here to assist you. As a reputable property management team, we bring a wealth of expertise and experience to help you optimise your real estate investments.
With a vast portfolio of 7,000 landlords throughout Queensland and New South Wales, we possess a deep understanding of the local property markets and can direct you to areas where you can achieve the highest returns.
By leveraging our knowledge and insights, we can provide tailored recommendations based on your investment goals and budget, ensuring that you make informed decisions that maximise your profitability. Don't hesitate to reach out to our team today.