The South Brisbane Catchment* has historically recorded strong price growth with the median apartment sale price increasing by 4.6 per cent per annum of the last 10 years. This outperforms the Brisbane LGA benchmark of 4.2 per cent per annum over the same period.Further analysis of the South Brisbane Catchment’s off-the-plan apartment market indicates that the weighted average price for apartments has increased by $76,536 between March 2013 and March 2015, equating to solid escalation of 14.4 per cent over the two year period. This price growth has been driven by increased market interest from local, interstate and international investors. * The South Brisbane Catchment includes the suburbs of South Brisbane and West End
The Brisbane Local Government Area (LGA) is projected to increase from 1.13 million residents in 2013 to approximately 1.44 million by 2036. This strong population growth equates to an increase of over 309,032 new residents by 2036 or in excess of 13,000 new residents per annum. The South Brisbane Catchment is projected to absorb a large proportion of new residents, increasing by over 27,000 residents between 2015 and 2036, a growth of 4.6 per cent per annum.
The South brisbane catchment recorded a growth in average household incomes of 8.4 per cent per annum between 2001 and 2011, significantly higher than the Brisbane LGA benchmark of 6.0 per cent per annum.
The South Brisbane Catchment is one of Inner Brisbane’s fastest growing employment centres and is predicted to increase by over 27,000 new jobs by 2031, equating to a projected growth of 3.2 per cent per annum. The Catchment is ideally located adjacent Queensland’s largest employment generator, the Brisbane Central Business District (CBD) and within close proximity to several other major employment centres. Serviced by a strong network of public transport options, residents of South Brisbane enjoy easy access to a wealth of employment opportunities.