Brisbane is the third largest city in Australia and the growth powerhouse of the Australian economy. Brisbane has been rapidly emerging as an influential leader in the Asia Pacific and also a highly desirable place to do business. Its global recognition has been accelerated after it has successfully staged 2014 G20 World Leaders Summit. Brisbane is transforming into a vibrant hub and world leader. Brisbane has the industries, productivity, skilled workforce and experience to transform into a key service and knowledge centre to back the economic growth of Asia Pacific region.
Brisbane is one of the major business hubs in Australia. Most of the major Australian companies and numerous international companies have contact offices in Brisbane. Numerous electronic businesses have distribution hubs in and around the city. Brisbane’s job market is growing at twice the rate of population growth and it accounts for 47% of Queensland’s total jobs growth. New interstate migration to Queensland has surpassed that in Victoria and NSW which has generated demand for housing and services. Industries in Brisbane include information technology, financial services, higher education, public sector, petroleum refining, stevedoring, paper milling, metal works and QR railway workshops.
Brisbane is expected to have 4.6 million people by 2050 and Brisbane’s median house price will be over $36 million by 2050.
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