8 Big Years of Growth on the way for Brisbane

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8 Big Years of Growth on the way for Brisbane 

 

According to an international study compiled by market analysts Jones Lang LaSalle (JLL), which comprises cities with a "mature property market" and a population of more than 1 million, has shown that Brisbane will grow faster than any other 'mature' world city over the next eight years. 

 

Brisbane is number one for expected gross domestic product growth from 2012 to 2020 and sixteen of the top 20 cities were in North America.

 

The office market seems to be leading because there's a lot of up-front jobs creation through the resources and agriculture sectors and hopefully that will flow through to broader jobs growth and lift other areas of the economy like retail, which has suffered recently

 

Brisbane has been identified as number one of the 20 fastest growing mature cities ahead of Singapore, Austin Texas and Hong Kong

 

It's no wonder Brisbane is leading the charge as one of the fastest-growing capital cities in Australia in terms of population and employment because the demographic of the residents are young and skilled, highly educated and culturally-diverse.

 

South-East Queensland is Australia’s fastest growing metropolitan region and the Queensland Government’s South East Regional Plan placing the population to reach 4.4 Million 2031, Brisbane is currently home to 2.1 Million people.

 

The largest age demographic is the 24 to 40 year old age group, representing skilled workers.

And at 14% Brisbane has a 4% higher proportion of graduates with bachelor degrees than the national average.

 

The 2012 Dun & Bradstreet Global Risk Indicator again rated Australia as one of the safest countries in the world in which to invest.

 

Growing at an average of 3.2% pa from 1998 to 2012 FY, the IMF estimated Australia’s GDP at approximately USD $1.5 trillion in 2011.  Australia has signed Free Trade Agreements with the Association of Southeast Asian Nations (ASEAN), Chile, New Zealand, Singapore, Thailand and the United States of America, with several more under negotiation.

 

Real gross domestic product growth sees Queensland outperforming global competitors Japan, the United Kingdom and United States of America. State exports more than doubled over the past ten years to just under $50 billion (AUD) in 2010-113.

 

Queensland benefits from a strong, growing mining and energy sector, servicing many countries around the world with coal and other commodities plus a very substantial agriculture sector.