Hotspotting Podcast | Episode 72 - Why Brisbane Will Do Better

Posted on 4/12/2018  
Hotspotting Podcast | Episode 72 - Why Brisbane Will Do Better

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Many commentators and forecasters are predicting stronger performance from Brisbane markets – and I tend to agree.

To date Brisbane has not fulfilled the expectations some had for it, largely because the city lacked the fundamental drivers that pushed Sydney and Melbourne.

But that’s changing. The underlying economy, population trends, infrastructure spending and the affordability comparison all point to better things for Brisbane.

Currently it’s one of five capital cities which have some level of price growth, in contrast to the downward trends in Melbourne and Sydney, and the list of forecasters expecting Brisbane to excel in 2019 is growing.

For example, Place Advisory residential research director Lachlan Walker notes that population growth, thanks to interstate migration, is the highest it’s been in a decade, and that infrastructure spending is also the highest in recent history, with around 130 major projects totalling $55 billion.

Walker says those factors, coupled with high employment, better affordability than the southern capitals and lower vacancy rates are all in Brisbane’s favour.

Previously Brisbane has not had the economic strength, population growth and big infrastructure spending that was so pivotal in driving booms in Sydney and Melbourne.

But steadily that’s all changing and I think 2019 will a year in which the Brisbane market excels, in competition with some of the other smaller capital cities, like Adelaide and Perth.

To discover five excellent locations to consider for future capital growth, get the Top 5 Brisbane Hotspots 2018 report today.

 

 

 

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