- Low interest rate environment
Record low interest rates in this part of Australia are providing highly favourable lending conditions.
- Inner Brisbane’s largest employment node
The estimated workforce within South Brisbane currently sits at 22,750 and is forecast to more than double by 2031.
This is inner Brisbane’s most accessible suburb, with a level of public transport, road infrastructure and pedestrian connections unmatched anywhere else in the city.
- Population growth
South Brisbane is projected to record one of the strongest rates of population growth within Queensland, pointing to a sustained level of demand for new housing moving forward.
- Infrastructure and investment
More than AUD3 billion worth of infrastructure investment has been made in the area and an ongoing programme of infrastructure investment is in place moving forward.
South Brisbane is home to the city’s premier recreational and lifestyle precinct the South Bank – 17 hectares of parklands and Australia’s only inner-city man-made beach along with an estimated 350 restaurants, bars and cafes.
- Rental market strength
Median weekly rents of one- and two- bedroom apartments within South Brisbane are growing at a faster rate than the broader inner city market.
- Undersupplied residential market
Current apartment supply levels are low, with just over four month’s available supply in the area, a situation that will drive prices higher.
- Resilience of inner city apartment market
Brisbane’s inner city market has remained resilient to economic turbulence, with consistent growth in median values over the long term.
- FX advantage
The Australian dollar is at its lowest point in over five years, which means significant savings for overseas investors.