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.
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 21st century and the trend continues, with 3 out of 5 of the fastest growing suburbs in Brisbane being older inner city suburbs.