Why Brisbane is currently my priority for client recommendations:
BrisVegas, Brisneyland, the Gateway to the Gold Coast. Brisbane has long been mocked as one of the dullest capitals in the country.
Which is exactly the way the locals like it.
In addition to the $134B in infrastructure spending, across transport, services and amenities, which will greatly enhance the liveability of the city and surrounds, and the Mayors desire for Brisbane to become known as a New World City, I must say I have a bias towards our northern neighbour when it comes to property investing.
The core fundamentals which drive the residential property market can be summed up as P.I.E. Quite simply:
P opulation
I nfrastructure
E mployment
Brisbane is currently the strongest capital city in Australia across all three. South East Queensland’s population hit 5M people 4 years earlier than anticipated.
The Lord Mayor just announced its 2018 State Infrastructure Plan which includes a $46B infrastructure boom to be deployed over the next 4 years.
Approximately 38,000 jobs will be created off the back of this spending.
While Melbourne becomes overcrowded, drowning in a sea of soy lattes, and Sydney becomes so expensive that the only form of entertainment its residents can afford is to kick a tin can down the street… Clever Brisbanites are living in paradise, sucking down their Milton Mangoes, sunning themselves by the river, and living a life of luxury in their affordable 5 bedroom houses on easy street.
The Sunshine State capital is currently enjoying its best years to date, hanging onto dear life as a ‘big country town’ while becoming a ‘new world city’.
Trendy bars, cocktail lounges and funky new restaurants now litter the Brisbane hospitality scene… once dominated by rough pubs, dive hotels, and greasy spoon fast-food joints.
Old, dilapidated buildings are being knocked down by the dozen, making way for exciting new projects that are quickly establishing Brisbane as a major player in the Australian game.
Sydney may take honours as the ‘pretty, harbour city’, but how long can it honestly rest on its laurels? Here’s the top ten reasons why Brisbane is the dark horse in the running of best place to live, and why interstate migration to the northern capital is at an all-time high.
- Their Wet’N’Wild is better
- City parking
- South Bank
- House prices
- Sports Stadiums
- City Loyalty
- Less reliance on tolls/less traffic
- People are nicer up north
- The Gold & Sunshine Coasts
- The simple cost of everything
Give me a call if you would like to discuss the opportunities in Brisbane and how you might benefit from getting involved.