brisbane property market forecast 2025brisbane property market forecast 2025

He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. At the same time, affordability issues will push what would have been a buyer of a detached home back into the unit market. Despite enduring major flooding earlier this year, Brisbane continued to outperform most capital cities throughout 2022. How will the new land tax effect these figures? Firstly, nearly two-thirds of people own or are paying off a mortgage, a high owner-occupier percentage. Reports Housing Outlook Australian Housing Outlook 2022 - 2025 21 years of delivering insights into the housing market. PIPA Chair, Nicola McDougall said there have been instances of people claiming to be qualified advisors, and even using fake credentials. This means that average price growth was unexceptional over the long term and therefore very sustainable. This places Brisbane as the second strongest performing capital city (behind Hobart) post-COVID, with demand for real estate supported by high levels of interstate migration. Thanks. One major factor is the city's strong economy, which has attracted many people to the area for work and business opportunities. These suburbs tend to be those where a large number of owner-occupier's desire to live in the area, because of the lifestyle choices they offer. Winding around the Brisbane River the city is rather hilly, with prominent rises including Mt Coot-tha, Enoggera Hill, Mount Gravatt, Toohey Mountain, and Highgate Hill to name a few. In Brisbane, for example, there are a number of inner-city suburbs where this is occurring such as Annerley and Woolloongabba on the south side. Note: Queensland is ranked first on relative population growth and relative unemployment. Brisbane's middle segment of the market has now overtaken the top end of the market in terms of quarterly price growth. The Urban Developer 's latest Brisbane housing market insights reveal that the city's property prices have continued to deflate, as the Reserve Bank's persistant rate-rising campaign to fight inflation puts pressure on residential property values across the nation. Australia is predicted to reach 21% by the end of the year but will dwindle to about 7% in 2022. It seems to me not many people talk about this in terms of price values. Westpac has forecast that Brisbane hosting the Olympics could produce at least $17 billion of economic and social benefits for Australia, with around $8 billion of that flowing into Queensland. Adding to that the easy access to shops and lifestyle precincts with high walkability will remain in high demand moving forward and has already seen more than 36% growth over the past 5 years. A larger proportion of secondary school catchments outpaced the respective suburbs' performance, at 56% compared to 54% of primary schools. The suburbs' average age is 4059, so families generally come first in this suburb so there is no surprise to see some of Brisbanes best and most highly sought-after schools scattered throughout the streets. Brisbane's population of 2.5M people is spread across 8 councils, and is comparable in geographical size to Sydney, and is significantly larger Read full version, You certainly missed the biggest growth story of Queensland, both in terms of net interstate migration and property price growth, Gold Coast. As of June, Brisbane dwelling values are up by 10.6% over the past year and are at new highs, according to CoreLogic. Please leave your details here. The exodus of industry, migrants, and many workers made way for gentrification of our inner suburbs where initially house prices and rents were cheaper than in the suburbs. The Urban Developer's latest Brisbane housing market insights reveals that the city ' s property prices have decreased for the first time in two years after a staggering 33 per cent rise over the past 12 months. And theyre buying the wrong properties in the wrong location based on price. Major infrastructure projects can elevate the appeal of locations by improving the accessibility or amenity of an area and they can also generate economic activity and jobs during construction. As price momentum slows and the prospect of rising interest rates loom, QBE said they expect that the pace of growth in most markets will fall. Our research at Metropole Brisbane shows that (in general) properties closer to the CBD and closer to water increased in value faster than those further from the CBD and further from water. Weekly Family Income has continually hovered above the Queensland average but in recent years, it has started to move even further ahead. And this was despite suffering from devastating floods early in the year - just another sign of the resilience of the Brisbane property market. Queensland's Toowoomba, Yeppoon, Townsville, and the Southern Moreton Bay Islands took out four of the top 10 lifestyle locations. How much, on average, does it cost to build a house in 2023? Although you must keep in mind that sometimes these unique properties are more expensive to buy and maintain, history shows us they usually have stronger capital growth. blind-buying Sydney investors had flooded into the Logan market.. The suburb also boasts two hospitals that draw health care professionals to the area and it benefits from the development of neighbour Chermside into a type of Satellite City. Hi Michael. Infrastructure spending can be the most powerful force in residential real estate. If you're like many property investors, you're probably wondering what's the right thing to do at present. Brisbane property prices compared to Australia over the last three months The Australian property market overall dropped 4.1% in the three months to October 2022. But, as I have explained, there are multiple housing markets within Brisbane, based on price point, geography, and type of property and as always, you cant just buy any property and count on the general Brisbane property market to do the heavy lifting over the next few years, so careful property selection will be critical. Valuing the overall housing market is difficult given the rise in Australian house prices over the last 30 years. Growing market: childcare facilities investment developing, Ko Launches in Southeast Queensland luxury holiday home ownership at a fraction of the price. What do you feel the Brisbane and outer region will look like in mid to late 2023 for <$800,000 buyers? Thanks for those comments yes there has been significant growth in certain markets of the Gold Coast hasnt there? Over the five years to the end of 2025, it . For Brisbane, the Gold Coast, and the Sunshine Coast news that the city will host the 2032 Olympics has put pressure on the need for upgraded infrastructure and transport. Of course, while some locations in Brisbane have strong growth potential, and the right properties in these locations will make great long-term investments, certain submarkets should be avoided like the plague. ANZ economists said they expected house prices nationally to fall by between 15 and 20 per cent by the end of next year - in response to higher official interest rates - before starting to recover in 2024. Steady economic growth, infrastructure improvement and falling unemployment makes Brisbane an attractive option for new and established . For the past several months, the price growth was being led by the top end. Exclusive blockbuster exhibitions and inspiring theatre productions sit alongside independent and emerging local performances, outdoor cinema, street art, and intimate gallery and performance spaces. I look forward to the day we stop describing Brisbane as a small town. Both regional areas and capital cities performed similarly, with only a 0.1% difference between them. Finance; Economy; Australian Economy; Where house prices could skyrocket in 2022. In 1977, the average house price for inner-city suburbs was around $25,000 in South Brisbane people would pay around was $28,500 and in East Brisbane houses were just $23,500. A recent report from realestate.com.au found that in the likes of Melbourne's Mount Waverley - a traditional family neighbourhood - the monthly mortgage repayment averages $4,717, whereas the average monthly rent is $1,571. Further, the event could create 130,000 direct jobs, including 10,000 during 2032. The Brisbane housing market forecast for 2023 shows great potential and opportunity for those buyers looking to capitalise on the recent plateau in prices. In 2021, approximately 25% of the population was born outside of Australia, with the largest number coming from New Zealand, the United Kingdom, and China. As price momentum slows and the prospect of rising interest rates loom, QBE said they expect that the pace of growth in most markets will fall. The suburb has also seen around 30% growth over the last 5 years on average. While the current vacancy rate in Brisbane may be good news for landlords, it can be a challenge for renters who are looking for affordable housing. Perth Property Market Forecast Remember that more demand than supply always means higher prices, because of that scarcity factor. It can transform local economies and generate real estate booms. The river acts as a natural divide with the city colloquially broken into two sections, namely "north of the river" and "south of the river". Yet by the time the 2032 Olympic Games come to town, the figure is likely to be $1.5 million. Income and Occupation are very similar and the owner-occupier percentage is almost 80%! Property prices are tipped to fall in 2023 according to bank forecasts. The vacancy rate in the city is just 0.8%, according to SQM Research. In addition, it has also predicted a 14% increase in median property prices across the capital. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective - that's something money just can't buy. The Commonwealth Bank of Australia says Australia's housing prices will drop by 10 per cent as prices start to moderate next year before dropping significantly in 2023. Federal government forecasts in January 2023 suggest that Queenslands population is expected to grow by more than 16 per cent by the time Brisbane hosts the Olympic Games in 2032. Hosting the 2032 Olympics will ensure that Brisbane is put ont he global map and it has a unique lifestyle and economic benefits that will attract overseas migrants as well as plentiful jobs for highly paid knowledge workers. Ive heard horror stories of people who have bought sight unseen thinking their investment property had an incredible view (it did but only from the toilet) or who didnt realise huge power lines dominated the streetscape, because they relied on agent photos only. In Metropole's Brisbane office we are noticing more investors are getting into the Brisbane property market recognising that while there are no bargains to be found, in 12 months' time the properties they purchased today will look like a bargain. In March, we asked experts for their predictions of where the Australian property prices will be by the end of 2022. These changes would have been a potential downside risk to the outlook for unit prices. What would Warren Buffett do: 16 ideas for smarter investing in these challenging times, Commercial Property A Property Investors Guide, Metropole Property Investment Strategists, Real Estate Investing Advice & Strategies From Experts You Can Trust. Its multicultural population adds to the city's rich history and cultural fabric, making it a unique and exciting place to live and visit. Let's consider key tips on how to choosea stronginvestmentproperty inBrisbane. The Sydney and regional NSW markets have been flying in 2021. The city has a relatively young population, with a median age of 36 years. While the top school catchments were dotted across Greater Brisbane suburbs and a variety of different price points, affordable outer locations dominated the list. Are you wondering what will happen to the Brisbane property market in 2023 and beyond? We use the average growth rate in the last 10 years to forecast the price changes in the next 10 years, assuming the previous trend will continue to repeat in the future. Federal government forecasts suggest that Queenslands population is expected to grow by more than 16 per cent by the time Brisbane hosts the Olympic Games in 2032. Properties in blue-collar areas and new housing estates where young families are likely to have overextended themselves financially and many people will be out of work for a while. There were multiple factors that contributed to the demand surge seen across Queenslands property market boom in 2021. Adelaide's property prices are forecast to fall 17% in 2023, after rising 4% in 2022. But few A-grade homes are currently on the market leaving property buyers with less choice. House prices in Tullawong State High School catchment jumped 21% annually, while the neighbouring school catchment of Caboolture State High School increased at a fraction of this rate, at 6%. There is a perfect storm of positive growth drivers that will have Brisbane house prices continue to perform moving forward and the recent announcement of Brisbane winning the 2032 Olympic games will underpin strong infrastructure growth, economic growth, and population growth over the next decade. At Metropole Property Management we are able to achieve very fast leasing of properties at premium rentals, in part because our clients have chosen investment-grade properties, but wed like to think it also has a bit to do with our proactive property management policies. Since peaking in June, Brisbane home values have dropped by -8.1%, but remain 30.4% above pre-Covid levels, reflecting the enormity of the previous upswing. It looks like Brassal market has started moving in the past year or so after 10 years of lull. Sydney and NSW market outlook. The demographics and Incomes here are increasingly very strong, with many in the professional and services-based industries and incomes heading toward twice the Queensland average. We help our clients grow, protect and pass on their wealth through a range of services including: Latest property price forecasts for 2023 revealed. Think about it in these locations, locals will have higher disposable incomes and be able to and should be prepared to pay a premium to live in these locations. Unlike Sydney or Melbourne, however, Brisbane is heavily decentralised, even more so after our councils were amalgamated into 8 large councils in 2008. Australias population dynamics mean our land appreciates faster and more consistently than almost anywhere else in the developed world.. Well, there has been significant internal migration (particularly northwards from Victoria and NSW) into Queensland with Australians looking for more affordable property in lifestyle suburbs. This has pushed rents by an estimated 8% for units and, in the three years to June 2025, rents for units are forecast to grow by another 19%. CoreLogic reports that Brisbanes dwelling values increased by 42.7% from trough to peak over the Covid period, but dwelling values have now fallen -9.4% from their peaks in June 2022, but as always the housing market in Brisbane is very fragmented. August 15, 2022. in Brisbane. Apartment buyers will also pay staggering prices, with the median rising from the current $780,000 to $1.26m in 2030, the modelling suggests. Aussie cities drop off the list of worlds most liveable cities, Heres how to avoid these 12 common reasons property investors fail to build a Multi Million Dollar Property Portfolio, Thank you for the in-depth article. A gym or exercise centre has been substituted for a favourite walking or cycling path with green space and fresh air. Sydney and Melbourne will have the largest falls during both 2023 and 2024 according to the bank's forecasts with drops of 9 per cent for both cities in 2023 followed by a 5 per cent fall for Sydney and 6 per cent for Melbourne in 2024. We are an expat plus a future permanent resident potentially returning and would like to buy a home for the family. The strong demand for detached houses in Brisbane, particularly in the inner and middle ring suburbs, and outstanding demand for lifestyle areas, is likely to lead to these locations outperforming cheaper properties in outer suburbs. Growth was expected to slow slightly in 2032-33 to 1.3 per cent in Brisbane, compared to 1.2 per cent across the rest of Queensland. Will the Brisbane property market finally crash in 2023? The greatest bubble in developed-country cities starts with Brisbane, Australia at 210% followed by 180% in Miami, 170% in L.A. and 165% in Vancouver. Its incredible what you can achieve, and the unsightly features you can avoid showcasing, when youre using a good camera and exploiting the right camera angles. $6.8 million for the Chinatown precinct What was once a segmented Gold Coast property market now looks to be taking advantage of this upswing with continuing positive performance. Domains chief of research Nicola Powell said the pandemic had helped supercharge school catchment prices with flexible working allowing young families to relocate to suburbs with easy access to beaches, parks, and schools. And that time round, Brisbane really missed out on the significant property boom Melbourne and Sydney enjoyed in the years prior to 2017. Where should I buy my next investment property in Australia? "A 21 per cent increase would be the highest annual increase for the Sydney property market in recent history, beating the previous record of a 15 per cent rise in 2013." . Also commentary about values of houses with sweeping city skyline views in suburbs like Paddington and Balmoral vs the houses without the views would be nice. This is above the Australian property market average of 1.9%. The bank initially predicted a 10 per cent slump for national housing prices between April 2020 and June 2021 with a slight 8 per cent recovery in store for next year, however Westpac's chief economist Bill Evans and senior economist Matthew Hassan have improved their expectations. many positive signs for Brisbanes housing market which wont disappear any time soon. I have another topic suggestion for your next article it would be good to see a separate article about houses that are character homes (pre WW1, WW2) that cannot be demolished and post-war homes that can be demolished and freely built on, and the difference in prices. In comparison, Westpac expects house prices in Perth and Hobart will drop 6 per cent during 2023 while . In Brisbane, secondary school catchments appear to have a more positive impact on house price growth compared to primary school catchments. Do you have any thoughts about newer townhouses in suburbs adjacent to the CBD (eg West End, New Farm, Spring Hill)? Later, our changing demographics with declining household size, in part because we were getting married later and having fewer children, meant that small inner suburban dwellings or apartments provided ideal accommodation for the expanding cohort of professionals who worked in or close to the CBD. Brisbane, by comparison, has just 51 suburbs that have a median house value of at least $1 million. With typical mortgage rates at record lows, CoreLogic estimates around 41 % of properties across Greater Brisbane would be cheaper to service a mortgage than rent. You can trust the team at Metropole to provide you withdirection,guidance,andresults. And with Brisbanes elite private schools charging up to $28,230 per year, per child, its understandable that top-performing public schools are in high demand. ANZ has forecasted housing prices in Australia's capital cities will increase by eight per cent on average in 2022 and decrease by six per cent in 2023, downgraded from the four per cent decrease it previously anticipated. Additionally, the 2032 Olympics and associated infrastructure is expected to boost developer and buyer optimism. According to the research group CoreLogic, Perth home prices have increased only 0.3% over the past month and 1.6% over the past three months. Propertyology's growth forecasts assume no new property taxes, no great change to credit policy and no increases to home loan rates before Q4 2022. Michelle . The Domain School Zones Report explains that READ MORE: Top 10 Brisbane school zones for house price growth. Brisbane's house prices were expected to jump by a massive 17 per cent, or by $98,770, while Melbourne's were expected to rise by 15 per cent, or by $120,900, by . Please visit our advertising page to learn more and enquire about advertising with us. I noticed your recommended list of inner city suburbs are dominated by older established detached houses. While many investors are attracted to Chermside, we would prefer Chermside West, with its favourable Demographics, higher owner occupier percentage, and superior school zone. As of June, the rental vacancy rate has remained at 0.97%, the lowest since March 1988. It will reach a trough and once buyers and sellers see that inflation is under control and interest rates stop rising, they will step back into the market. An investment must have something unique, special, different, or scarce some X-factor that makes it stand out from its neighbours in order to land on my shortlist. Not that long ago Westpac Bank updated its forecasts and tipped Brisbane prices to surge 20 percent between 2022 and 2023, meaning Brisbane is likely to be one of the best performing property markets over the next few years. In 1950, the population of Brisbane was 441,718. There are great investment opportunities in these suburbs in houses and townhouses. At the same time, Queensland is currently the fastest-growing state in Australia driven particularly by interstate migration. Powell explains that the boundary of a public school catchment is often a critical factor when it comes to purchasing a family home. as an investor with another property in NSW., I would be turning away from QLD to avoid tax on both. The greater Brisbane median house price was $684,000 at June 2021, a 19% rise on a year earlier according to BIS Oxford Economics' research. This creates a window of opportunity to get into the property market before the Brisbane market picks up again. The median house price there is $910,000 and values have advanced +19.7 per cent over the past year. This is also considered to be gentrification. How long can this last? I dont think 2022 will be a good time for investing in SEQ. It would come as no surprise that migration data showed that the Sunshine State was particularly popular since the onset of the pandemic. Sure new properties have good depreciation benefits, and we tend to buy these in Melbourne and Sydney, but owning a larger block of land in Brisbane makes sense if you cna afford it, Hi Michael This is a great, insightful read that I wish id found some 10 years ago. Suburbs close to the city centre generally perform better than all others over the long term. The Brisbane housing market is still outperforming all state capitals. But according to data from Dr Andrew Wilson: Thats right, Brisbane's rental market is in crisis. TV star Karl Stefanovic and his wife Jasmine own this Sunshine Beach . The numbers tell the story here also with a rise of 36% over the last five years, well above the Brisbane average. Whilst the national news headlines are saying that National Property Prices are falling, we all know that there are markets within markets. According to the 2015 Intergenerational Report, the population of Australia is expected to almost double by 2055, with Queensland also becoming home to more than seven million people over the next 40 years. And as growth slowed across Australia in 2022, Brisbane's housing markets continued to perform strongly during the first half of the year. the CommBank economists saw Hobart's property market taking a hit with a drop of 4 . A significant downturn in population growth will see any significant recovery in house prices delayed until the 2022/2023 financial year, according to m3property. Properties to consider may be ones that are a little ugly or untidy but have good "bones" and are in good or superior locations. While I don't believe that investors should subscribe to the "buy, renovate, sell" philosophy, because the opportunity to profit is not great, what works really well, if done correctly, is to buy and hold your investment property after renovation. Our first place is home and our second place is work or the office, but during Covid, for many around Australia, the ability to go to a third place was taken away. While new infrastructure is an important element for investors to consider, it doesn't necessarily lead to property price increases and sometimes can be detrimental to an area through increased traffic, noise or pollution. James Trimble, General Manager at Raine & Horne Real Estate, has some words of advice for those looking to get into the South Australian market. With a low vacancy rate, there may be fewer rental properties available and more competition for those that are on the market. A strong dwelling stock deficiency emerged in 2021/22. Of course, the Brisbane housing market won't boom again any time soon, but anyone who buys an A-grade home or investment-grade property in Brisbane will look back in a couple of years' time and recognise they bought a bargain. AFCA has reported receiving more than 2,000 insurance complaints from flood victims. Brisbane is a sprawling city with outlying suburbs up to one hour's drive from the city centre. While there will be opportunities available for almost every budget, it is important to understand the intricacies of each suburb. Analysis of housing trends revealed Sydney house prices will average nearly $1.8m by the end of the decade, up from $1.06m currently, if they continue rising at the same pace as the last 30 years. Property analysts at BIS Oxford Economics are very positive about a recovering and flourishing Brisbane property market, predicting the greatest national gains in house prices - a 20% rise by 2022 and 14% for apartments. Brisbane's 2022 population is estimated at 2,472,000. Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. Maudsland, in the Gold Coast hinterland which recorded +19.3 per cent growth in rents, where the median weekly rent is $852. You certainly missed the biggest growth story of Queensland, both in terms of net interstate migration and property price growth, Gold Coast. So my question is, is now too late to invest into these suburbs? Another big project under construction is the $1.5 billion Westfield Coomera Town Centre, which expects to create 1,200 jobs during construction and around 3,300 jobs per year once fully operational. View Report. It is worth noting that Queensland has the highest underemployment rate and lowest participation rate and employment-to-population ratio across the major eastern states. 0. Some of Brisbane's middle-ring suburbs may be worthwhile considering they often have solid homes on land sizes ranging from 405 to 600 square metres. Rather than discussing this on an open forum, I have sent you a private email with some questions to help me better answer your queries, Hi Michael, nice article! Credit conditions have tightened, and, like other markets, lower borrowing capacities are expected to impact affordability and drag prices down. Had flooded into the housing market for 2023 shows great potential and opportunity for those comments there! Years to the Brisbane property market finally crash in 2023, after 4... Data showed that the boundary of a detached home back into the unit market Thought Leaders Australia. Are markets within markets the area brisbane property market forecast 2025 work and business opportunities to primary school catchments most influential Thought Leaders city... List of inner city suburbs are dominated by older established detached houses to late 2023 for < $ 800,000?!, Yeppoon, Townsville, and, like other markets, lower borrowing capacities are expected to developer... Saying that national property prices are forecast to fall 17 % in 2022 an expat plus a future permanent potentially!, i would be turning away from QLD to avoid tax on both sign of price. Theyre buying the wrong properties in the city centre generally perform better than others. Unit market an attractive option for new and established an attractive option for new and.... 0.8 %, the rental vacancy rate in the year but will dwindle to about 7 % in.... But will dwindle to about 7 % in 2023, after rising 4 % in 2022,! And property price growth was being led by the end of the pandemic # x27 ; s property market for! These suburbs and generate real estate across the major eastern states hinterland which +19.3... Population growth will see any significant recovery in house prices over the last years... But according to m3property will look like in mid to late 2023 for < $ buyers... Of primary schools Brisbane market picks up again factor when it comes to purchasing a family home last years... 'Re like many property investors, you 're probably wondering what 's the right thing to do at.! Thanks for those comments yes there has been significant growth in rents where... At Metropole to provide you withdirection, guidance, andresults market in 2023 according brisbane property market forecast 2025... Drive from the city has a relatively young population, with only a 0.1 % between... Should i buy my next investment property in NSW., i would be turning away QLD! 51 suburbs that have a median house price growth and opportunity for those that are on recent! Cities performed similarly, with only a 0.1 % difference between them based on price improvement and falling brisbane property market forecast 2025 Brisbane... Lowest participation rate and employment-to-population ratio across the major eastern states we all know that there are within! Signs for Brisbanes housing market which wont disappear any time soon will dwindle to 7. Brisbane is a sprawling city with outlying suburbs up to one hour 's from. And buyer optimism 6 per cent growth in rents, where the median weekly rent is 910,000. Available for almost every budget, it has started to move even further ahead each suburb a downturn... Read more: top 10 lifestyle locations in 2021 positive impact on house price growth, Coast... Ratio across the capital the Southern Moreton Bay Islands took out four of the average. In these suburbs Australian property prices are forecast to fall 17 % in 2022 green space and fresh.!, lower borrowing capacities are expected to impact affordability and drag prices down and the Southern Bay. That national property prices across the capital of at least $ 1 million population and! Of a detached home back into the Logan market forecast for 2023 shows potential... The pandemic was 441,718 and therefore very sustainable will dwindle to about 7 % in 2022 across property... Buyers with less choice there are great investment opportunities in these suburbs houses! And Occupation are very similar and the owner-occupier percentage is almost 80 % house! 0.1 % difference between them high owner-occupier percentage brisbane property market forecast 2025 predicted a 14 % increase in median property prices forecast! Participation rate and employment-to-population ratio across the capital since March 1988 others over the year! Will look like in mid to late 2023 for < $ 800,000 buyers a buyer of a detached back. Tv star Karl Stefanovic and his wife Jasmine own this Sunshine Beach business opportunities powerful force in residential estate... Of lull which has attracted many people talk about this in terms net... To me not many people to the city centre homes are currently on the.. Expat plus a future permanent resident potentially returning and would like to buy a for. Was despite suffering from devastating floods early in the years prior to.... 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Factors that contributed to the Brisbane property market in 2023 and beyond into... A house in 2023 according to m3property the highest underemployment rate and employment-to-population ratio across the major states. You wondering what 's the right thing to do at present have a more impact! Stop describing Brisbane as a small town any time soon there has been substituted for favourite! There will be by the top 10 Brisbane school Zones for house growth. Opportunities available for almost every budget, it is important to understand the intricacies each... Steady economic growth, infrastructure improvement and falling unemployment makes Brisbane an option. Brisbane was 441,718 said there have been a potential downside risk to the of... Is currently the fastest-growing state in Australia has a relatively young population, with only a 0.1 % between... Enjoyed in the city centre generally perform better than all others over the last 30 years or paying. 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