Brisbane the worlds fastest growing mature city

 

 Those who call Brisbane home don’t need to be convinced that it’s a great place to live, but even they might be surprised to learn that Brisbane has been singled out as the world’s fastest growing mature city. The news comes as no surprise to Allkind Joinery Brisbane, though. Since 1970, Allkind has been offering prestige joinery products in Brisbane. Having weathered the boom times and the tough times in Brisbane’s history, the company is now seeing a surge in sales of its Renovator’s Range of quality solid timber doors.

While the apartment building boom of the first years of the century was responsible for much of Brisbane’s inner city growth, a distinct trend today is first home buyers looking for inner city homes and cottages to renovate. New Farm, Brisbane’s most densely populated suburb, is an attractive location because of its many Art Deco era buildings, but home buyers are also seeing the potential in East Brisbane. According to the Property Observer, workers cottages in East Brisbane are being snapped up by first home buyers and investors in rental properties. A little further out of the CBD, post WWII homes in Camp Hill and Corparoo are also enjoying a renaissance, thanks to first home buyers and investors looking for 3 bedroom homes on large blocks of land.

Why Brisbane is Booming

 

Ideal climate and beautiful location on the Brisbane River aside, much of Brisbane’s growth can be attributed to offshore investors, who see a bright future for Brisbane as a hub for international trade. According to a study by Jones Land LaSalle reported in Brisbane Marketing, the forecast for Brisbane is for an annual growth rate of 5%. Only Singapore, Austin (Texas) and Hong Kong come close to that projected rate of growth.

While the bulk of the offshore investment in Brisbane is focused on commercial real estate, the prognosis is also good for Brisbane residential property buyers and investors – if they know how to take advantage of it. In the past, the trend was to build and buy in the Brisbane suburbs. Since 2001, though, the trend has reversed. Today, the fastest growing suburbs in Brisbane are inner city suburbs. The populations of Newstead and Fortitude Valley exploded during the first decade of the 21^st century and the trend continues, with 3 out of 5 of the fastest growing suburbs in Brisbane being older inner city suburbs. Read original article here