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As Australia’s third largest city, Brisbane offers phenomenal opportunities for investment and growth. Brisbane City Council – the largest local government in Australia and the second-largest city council in the Asia Pacific region – adopts a pro-development stance, and works collaboratively with the South East Queensland Council of Mayors to attract investment to the region.
The results of this approach can be seen in Brisbane’s thriving $171 billion economy, projected to grow to $217 billion by 2031, and the city’s projected jobs growth, tipped by the National Institute of Economic and Industry Research to grow by 24 per cent from 863,000 jobs in 2018 to 1.13 million jobs in 2041.
As the closest eastern seaboard capital city to major export markets like China, Japan and the Republic of Korea, Brisbane is Australia’s gateway to the Asia-Pacific Region. With $15 billion of major infrastructure projects in the pipeline – including the $3.6 billion Queen’s Wharf integrated resort and casino project and $944 million investment in the high-frequency Brisbane Metro service – as well as a potential $58 billion South East Queensland City Deal to drive infrastructure investment into the future, Brisbane will continue to attract global talent and maintain its economic momentum in the decades to come.
Brisbane offers opportunities across a diverse range of industries. From traditionally strong sectors like construction, manufacturing and logistics to burgeoning industries taking advantage of the city’s geographic location and population growth, like food manufacturing and property technology (PropTech), Brisbane continues to attract strong interest from investors around the globe.
FOOD AND AGRIBUSINESS
Brisbane is at the centre of a 360 degree food bowl, is home to the latest food technology and innovation research, and is perfectly placed to cater to the growing demands of the Asia Pacific market.
The City of Brisbane’s largest export industry is currently manufacturing, comprising $14 million in export value for FY2019-20. With a wealth of talent and industry-driven research, Brisbane offers opportunities for investment in smart and innovative manufacturing.
A $15 billion infrastructure boom, unprecedented population growth and a positive long-term outlook have driven demand for a range of property sectors and propelled Brisbane’s fast-growing PropTech (property tech) ecosystem to reshape the future of Brisbane’s built environment.
HOTEL & TOURISM INFRASTRUCTURE
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.
LOGISTICS & DISTRIBUTION
Australia TradeCoast, Brisbane’s global export hub, incorporates the Port of Brisbane, the 24-hour Brisbane Airport and surrounding industrial areas. The transport, postal and warehousing sector contributed about $25.5 million to the Brisbane economy in FY2019-20.
INFRASTRUCTURE & CONSTRUCTION
Construction continues to be a major contributor to Brisbane’s economic growth, with the industry responsible for $30.9 billion in output for FY2019-20. A slew of major infrastructure projects are underway that will change the face of Brisbane.
MINING, EQUIPMENT, TECHNOLOGY AND SERVICES
Brisbane is the headquarters of METS Ignited, the national initiative to improve productivity in Australia’s Mining, Equipment, Technology and Services (METS) sector. Exports from the sector are forecast to reach $30 billion by 2030.
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.
Small business is big business in Brisbane, where local businesses at every level of growth are supported and provided with the resources they need to succeed.