Kick Off 2010

2010 has just started but the astute property investors are back from holidays already. With good reasons because Brisbane is expected to go on another race early this year. All signs indicating North with rising consumer confidence, continued population growth, increasing business investments in particular SEQ and completion of some major transport infrastructure developements.

Positive Signs:

+ approximately 650 new residents moving to SEQ each week
=> that means, based on a household size of 2.6 people; Greater Brisbane requires 250 new dwellings each week

+ population of Greater Brisbane is expected to be in excess of 3 million residents by 2021
=> everyone needs a roof over their head; high demand should outstrip supply

+ completion of the CLEM7 tunnel and the duplication of the Gateway makes Brisbane easier accessible for commuters and businesses

+ current low interest rate environment

Brisbane's median house price is expected to climb to $460,000 by June 2010

From the big country town of two decades ago to a modern super city in 2026, the transformation of Brisbane over the next 20 years will be beyond the imagination of many!