Why Brisbane can grow 20% by 2023

Why Brisbane can grow 20% by 2023.

Let’s explore some of the reasons why we think Brisbane will be seeing tremendous growth over the next few years.

A few weeks ago, it made headlines when Westpac economists predicted that Brisbane house prices would see 20% growth by 2023.

Some economists and property market analysts started claiming that we might just be on the cusp of “a property boom not seen since the turn of the century”. And that it will be Brisbane, not Sydney or Melbourne, that will be leading this boom.

We’ve always been big believers in the potential of the Brisbane property market, so let’s explore some of the reasons why we think Brisbane will be seeing tremendous growth over the next few years, as the nation pulls itself out of this recession.

Proximity to Jobs

The first reason is proximity to jobs. Brisbane, particularly Brisbane’s northern suburbs, is close to five major employment hubs: the Central Business District, the Airport, the Trade Coast, Fortitude Valley, and Enoggera Barracks. Before COVID, these areas were projected to create up to 440,000 new jobs by 2031. And after COVID, the need for new jobs is stronger than ever.

Infrastructure Spend

The second reason is infrastructure spending. Over the last few months we’ve seen many politicians claim that infrastructure spend will be the driving force to kickstart our economy. Well, Brisbane had already been investing a lot of money in infrastructure projects over the last few years. Some examples are the Airport upgrade and the Cross River Rail. In this financial year, the Queensland Government will be spending $13.9 billion on infrastructure. This infrastructure creates more jobs, but also makes the city a better place to live.

Lifestyle

Speaking of which, how can you skip the Brisbane lifestyle? Those of us in Melbourne are coming out of a dreary winter lockdown, and we’re looking at the sunny Brisbane lifestyle with envy in our eyes. Once borders open up and we resume normalcy, Brisbane will be seeing a lot of interstate net migration. Brisbane was already positive for net migration; that’s only going to increase in the coming years.

Population Growth

All of the factors listed above combine to drive population growth which affects the demand for housing in the Brisbane metropolitan area. As Brisbane becomes a more and more popular place to live, demand for housing will grow. Those who consider Brisbane investments now will prosper as the city only continues to grow.

Investing in Brisbane

If you would to learn more about investing in Brisbane or to check your eligibility for investing in property developments, fill in the form at the bottom of this page.

12% p.a. distributions,
paid monthly.

Invest in a property development project in one of Melbourne’s premier suburbs.

12% p.a distributions
Paid monthly
Profit share available (subject to eligibility criteria)

This Property Investment Information is prepared and provided by the Issuer.

Contact us.

1300 268 897
info@lionproperty.group

Melbourne

Level 3, 80 Dorcas Street,
South Melbourne, 3205

Brisbane

147 Alexandra Rd,
Clayfield, 4011

ACN 625 889 367
ABN 13 625 889 367

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