Over the past few articles we have been looking at some of Brisbane’s latest inner-city projects – from the BaT project to the Riverwalk (which reopened over the weekend) - just a couple of the many exciting new developments which showcase why Brisbane has all the necessary frameworks in place for solid and sustainable expansion. Meaning only one thing for the future of our city’s real estate market… growth!

Speaking of growth, did you know Brisbane is currently ranked as Australia’s third largest in Australia with a population of 2,143,121 (and still rising!)? Not content to rest on its laurels, our vibrant capital is continually embracing change and encouraging progression. So, it’s no wonder it’s expected to grow by a further massive 11.2% over the next five years. This equates to 215,000 new residents, which is great news for our real estate market!

Sure, the Brisbane region has always proved a massive drawcard for investors but with so much potential growth on the horizon, the city is now looking even more alluring to future property buyers. With the number of investors set to rapidly increase over the next few years, we can also expect to see a considerable shift in the local real estate market, especially when it comes to apartments.

While, the CBD apartment market will continually evolve, different lifestyles appeal to different people. Sure apartment prices come into play prior to making a purchase, but this is just one piece of the puzzle. In addition to the cost factor, buyers and developers will take a combination of other factors into consideration, including lifestyle, local infrastructure and affordability.

In addition to these new real estate developments, to further enforce its plans for the future, the Queensland government has also announced a four pillars policy to foster economic development and employment across tourism, agriculture, resources and construction. Simultaneously, the state government is working hard to deliver critical infrastructure and encourage growth amongst local communities.

Brisbane’s forward-thinking approach to city-planning, realty developments and local infrastructures (like BaT and Riverwalk) are all responsible for playing a vital role in the city’s healthy economy.   If the current marketplace and expected growth is anything to go by, the future of Brisbane’s real estate market is in very good hands.

For more information on Brisbane development projects or to find out how you can benefit from the city’s growing real estate opportunities, please contact Hannah on 0419 782 133.