Brisbane is the ideal environment for investment, development and business confidence. With a positive and optimistic outlook driven by proven and forecast economic growth, strong population growth and projections, high levels of investment in infrastructure projects, exceptional industry strengths, a stable political environment and a progressive and supportive business environment, Brisbane’s economic conditions are powering its positive outlook.
With a thriving economy that’s anticipated to grow to $239 billion by 2041, $14 billion worth of city shaping projects in the pipeline and the largest city council in Australia committed to creating new and innovative jobs and opportunities, cranes are set to dominate Brisbane’s skyline for years to come – and that’s great for investors and businesses of all stages and sizes looking to make their mark and grow.
Brisbane’s thriving economy, forecast to be worth $239 billion by 2041, is underpinned by an abundance of human, natural and built resources, direct access to Asia Pacific markets, and a 14bn infrastructure pipeline. Brisbane’s visitor economy is set to generate an additional AUD$6.5bn per annum in visitor expenditure by 2031, further cementing the city’s global destination appeal.
Brisbane is a city on the move, with airport capacity on par with Hong Kong and Singapore; one of Australia’s fastest growing container ports; and a $14 billion infrastructure pipeline that includes the Queen’s Wharf integrated resort development and the all new-high-capacity, turn-up-and-go Brisbane Metro and new Green bridges connecting popular inner-city precincts. Brisbane Airport’s twin runway enables the highest aviation capacity in Australia, forecast to facilitate more than 50 million passengers a year by 2040.
TALENT AND SKILLS
Brisbane is a strong incubator and attractor for talent across several industry sectors. Students from more than 100 countries choose to study in Brisbane with the city having the largest Japanese student market in Australia. Local universities are highly awarded with The University of Queensland in the Top 50 universities in the world.
As one of Australia’s fastest growing capital cities, Brisbane is a destination alive with opportunity for businesses, investors, and talent. Brisbane has a predicted strong population growth set to surge by 43% by 2041. Brisbane is a multi-cultural city with one in three residents born overseas.
Brisbane is conveniently positioned to operate across three time zones because of its location on the east coast of Australia. With direct access to key Asian export markets, Brisbane is a thriving global hub at the centre of Queensland’s economic corridor for trade and enterprise.
As Australia’s greenest city, the foundation of Brisbane’s liveability is built around its natural environment. Leafy streets, lush parklands, rich biodiversity, and year-round sunshine supports Brisbane’s active lifestyle and sustainability.
Brisbane’s origins in world-class research and strengths in health, technology, and advanced manufacturing, has seen the city recognised as one of the top 50 most innovative cities, home to more than 100 health and biotech facilities and a globally competitive life sciences sector.
Brisbane is perfectly positioned at the centre of a 360 degree food bowl, with unrivalled access to a wide variety of food and agricultural produce within 90 minutes of the city centre.
A wave of international hotel brands have claimed their share of Queensland’s thriving subtropical capital adding over 5,000 new rooms over the past 6 years. The Queen’s Wharf development alone will bring five new premium hotel brands and 1,000 new hotel rooms to Brisbane, including the city’s first six-star hotel.
A $15 billion infrastructure boom, unprecedented population growth and an extremely positive long term outlook has driven demand for housing and propelled Brisbane’s fast-growing PropTech (property tech) ecosystem to help reshape the future of Brisbane’s built environment.
Brisbane is the national headquarters of METS Ignited, the industry-led, government-funded initiative to improve productivity in Australia’s $90 billion Mining, Equipment, Technology and Services (METS) sector.
The City of Brisbane’s largest export industry is currently Manufacturing, comprising $25 billion in export value for FY2020-21. This represents 19.7% of the total exports from the LGA.
Brisbane is set to be bolstered by more than AUD$7bn in public transport infrastructure projects and a global 24/7 airport set to generate $8.3 billion by 2040, and one of the fastest growing multi-cargo ports in Australia with unparalleled transport links.
With a wave of new infrastructure, less red tape and clear blue skies all year round, Brisbane offers the perfect climate for businesses of all sizes and stages to innovate and grow.
Brisbane offers incredible opportunities for investment, with sustained economic growth, direct access to the world’s fastest-growing markets and a wave of major infrastructure projects powering the city’s positive outlook.
Businesses at every level of growth are supported and provided with the resources they need to succeed with Brisbane’s u collaborative, connected and supported community, providing an environment that enables local business to grow and scale.
Brisbane Economic Development Agency’s team provides support to new and established businesses in Brisbane, plus full market entry and expansion strategies to potential investors.
Access our range of helpful resources to help you establish, grow or innovate in your business in Brisbane.
Home to world-class infrastructure, facilities and educational institutions, as well as a talent pool of the biggest thinkers and the brightest minds, Brisbane offers phenomenal opportunities for investment and growth.