If you’re considering investing in Brisbane, it’s good to know what’s on offer in the city and surrounding areas. You don’t want to invest in a dead-end place, right? So, let’s take a look at different factors to consider when investing in Brisbane.
Brisbane on the rise
Brisbane’s economy is thriving and is expected to grow even more in the next few years. Its $180 billion economy is expected to grow to $229 billion by 2041. Now that’s a growth rate. And we’re not surprised by its first-class port and airport facilities and great universities.
Not to mention, several infrastructure projects, such as the new Brisbane Metro, the $3.6 billion Queen’s Wharf integrated casino and resort plus. These new developments will help generate new jobs and increase economic growth.
World-class infrastructure
Brisbane is a city that is constantly growing and changing, with large projects underway that will transform the cityscape. It is well-connected to some of the fastest-growing markets in the world, making it a great place to live and work.
Suburbs in Brisbane
Over the past two years, Brisbane has been on top of Australia’s booming property market. It’s graced with trendy, up-market and family-friendly suburbs, so it’s safe to say there are plenty of suburbs to invest in.
If you’re thinking about your financial situation, Brisbane is one of the most affordable cities, compared to Sydney or Melbourne.
Employment rates
According to profile id, ‘the number of people employed in Greater Brisbane showed an increase of 170,999. In the same period, the number of people in the labour force showed an increase of 157,479 or 13.6%’.
With these promising figures, Brisbane is expecting to see more employment within the next year. Meaning, more people will be moving and most likely buying property.
Watch the hills
Even though it’s quite steep, especially in the north, people want to embrace the climate. People want the air to come in because it will help to lower the temperature.
Everyone enjoys an outdoor lifestyle, especially on those summer days without the scorching heat. The weather is still milder in the winter months. Therefore, you must embrace the hills, but be aware that you should stay away from locations that receive the westerly sun. As you drive around Brisbane, especially on the western side, you’ll notice that many of the windows have shutters covering them to block the sun.
Flooding
Unfortunately, Brisbane is built on a floodplain which means it’s more susceptible to flooding. If you’re inspecting a house, you can go and view the flood maps maintained by Brisbane City Council.
Need for information? If you’re looking to invest in Brisbane property, contact us today and book your free 15-minute consultation.
