Booming SEQ continues to lead

Sorry to sound like a broken record guys but Brisbane simply continues to provide us with firm reasons to support its residential property market. In terms of residential property markets, in our opinion, it is by far the most interesting, and has by far the most going on.

In keeping with the Lord Mayors desire for Brisbane to become a New World City, we are continually impressed with the level of infrastructure either planned, under way or already completed.

These infra projects not only enhance the amenity, appeal and livability of the city and surrounds but also have a positive impact on residential property values.

It is these infra projects, in addition to strong employment and population growth data that reinforces our belief and support of the Brisbane residential property market.

These core fundamentals of Population, Infrastructure and Employment underpin the residential property market and will ensure its solid and stable medium to long term growth prospects.

Queensland’s $46 BILLION infrastructure BOOM – Over the next 4 years the Palaszczuk Government will roll out its 2018 State Infrastructure Plan (SIP).

Up to 65% of Qld’s infrastructure budget is allocated outside of the greater Brisbane area, programs like the Queensland Transport Roads and Investment Program 2018-19 to 2021-22 outlines $21.7B in transport and road infrastructure.

Estimated to support an average of 19,200 jobs!

2018 SIP at a glance:

$11B Infrastructure investment in 2018-19

65% outside greater Brisbane

35% in greater Brisbane

38,000 new jobs

+635 1-4 year program items

The $5.4Billion Cross River Rail project is the biggest state funded infrastructure commitment in over a decade.

7 new projects including Brisbane Live have been added to the Building Queensland infrastructure pipeline, including upgrades to the Centenary and Sunshine motorway, and a 3^rd track to be added to the Gold Coast rail line between Kuraby and Beenleigh.

$679M – Building Better Hospitals Program that includes upgrades at Logan, Caboolture and Ipswich hospitals.

Flashback – Since the 2017 State Infrastructure Plan upgrade:

• 405 construction projects completed or underway
• 1,350 local government projects in regional areas though Works for Queensland
• 4 new schools opened
• 2,520 renewable energy projects confirmed
• 576 new social housing dwellings built
• 189 million total number of passenger transport trips
• 18 new, upgraded and existing venues ready on time for the 2018 Commonwealth Games
• 1 million G:Link trips during the 2018 Commonwealth Games
• Over 40 hospitals and health infrastructure projects delivered

For more information on the Brisbane market please get in touch. We are recommending properties in this dynamic capital city every day to clients who are securing incredible properties in an amazing marketplace. Don’t wait for the mainstream media to start talking up Brisbane’s prospects because by then it will be too late.

Get in front of the curve and capitalise on a great market.