Brisbane is now one of the Greatest Places to Live in the World - What Does this Mean for Real Estate?
In case you missed it: Brisbane has been named among the world’s 50 greatest places in Time Magazine’s latest rendition of their famed list. Sitting alongside the likes of Barcelona and Naples, our city has been acclaimed as a destination of sports and sunshine.
This comes as no surprise to fellow Brisbanites – we’ve long-known the unique charm of our city. From the stunning James St Precinct and cultural scenes of Southbank, to our quaint and leafy neighbourhoods – we can expect the River City to grow into a greater rival of Sydney and Melbourne in the coming years.
According to Lord Mayor Adrian Schrinner, ‘it’s no accident that Brisbane is the fastest growing capital city in the country’. Well beyond the infrastructural advancements underway in the wake of the 2032 Olympics, we can expect further development of projects in Victoria Park, Brisbane Metro, and the soon-to-be inaugurated Queen’s Wharf.
With more eyes on our city now than ever before, it’s likely that we can anticipate another boost to the economy, job market, and urgency for local real estate. Demand from investors near and far is set to grow to new heights as we continue to invest in the city’s infrastructure pipeline.
Which suburbs are primed for increased demand? Industry data continues to point towards developing inner Northern suburbs including Ascot, for their proximity to employment prospects, educational opportunities, and the promised vibrant yet relaxed suburban lifestyle.
If you own property in an in-demand Brisbane suburb, you can expect hungry buyers knocking at your door over the next several years. Interstate and international migration and current rental yields show no sign of property demand slowing down.
Ready to Capitalise on the Demand of one of the Best Places in the World?
Let’s get your journey started! As proud Brisbanites ourselves, the team at Oliver Jonker knows exactly how to achieve your desired sales results in this high-demand market. Make sure you get in touch about your property while all eyes are on us.
