Why invest in Queensland?
World class infrastructure
Queensland is well connected …
On the road
There is a road network of more than 680,000 km in Queensland
In the air
- Queensland has three international airports and more than 130 domestic airports
- Brisbane airport is one of only two in Australia that are curfew-free
- Over 400 flights per week depart Brisbane
- International Airport for all corners of the globe
- Over 2,300 domestic flights depart Brisbane each week for Australian destinations
Five facts about the Queensland Economy:
- Queensland’s economic growth rate of 3.8 per cent is 35 per cent higher than the Australian average
- Queensland’s population growth rate of 1.9 per cent is 46 per cent higher than the Australian average
- Queensland’s employment growth is 38 per cent higher than the Australian average
- More than 25,000 people move to Queensland annually
- Queensland will become Australia’s second largest state within the next 30 years
(Source: www.investqueensland.com.au)
Infrastructure Development
Both the Queensland Government and the Australian Government constantly reinvest in the infrastructure required for an expanding population and a growing economy.
They are continuously upgrading ‘hard’ infrastructure (transport, energy and water) while also supporting ‘soft’ infrastructure development (telecommunications, innovation, research and development), the key to growing a knowledge-based economy.
Announced in 2005 and upgraded in 2006, Queensland Government’s A$66 billion South East Queensland Infrastructure Plan includes over 230 infrastructure developments or upgrade projects to be completed over the next two decades. In the next five years alone, almost A$28 billion will be spent on road and public transport projects, A$5 billion in social and community infrastructure and A$4 billion on energy networks. A$5 billion has also been allocated to water infrastructure projects.
Why invest in Queensland property?
Queensland is projected to experience the largest increase in population between 2004 and 2051, increasing by 3.0 million people (77%) to reach 6.9 million people, resulting in Queensland replacing Victoria as Australia’s second most populous state in 2041.
Queensland’s current population is approximately 4,091,000 with Brisbane’s population at 1,820,000.
Unlike the other states, the Queensland population is distributed across many major cities such as the Gold Coast, Hervey Bay, Sunshine Coast, Cairns, South East Queensland region and Townsville to name a few.
Brisbane, the state capital, is set to be further developed over the next 20 years with many more residential and commercial towers to be built in the CBD. Many are already in planning and approval stages.
Brisbane Median House Prices:
- House values increased from $31,524 in January 1980 to reach $63,500 in September 1987 – a period of 7.6 years
- Between September 1987 and January 1983, a period of 5.1 years, house values doubled to reach $127,621
- It only took 10.2 years for house values to double again, which occurred during June of the 2003 boom period. The median house value for Brisbane reached $259,550
- The median price for Brisbane is now just below $450,000 and requires another $69,100 to have doubled from the June 2003 figure. This is only another 15%, suggesting that Brisbane house values are likely to have doubled during late 2008 - a period of around five years. (Source: RP Data)
