Brisbane is a rapidly growing modern city, with an economy expected to grow to $239 billion by 2041, a pipeline of more than $25 billion worth of city-shaping projects, and the opportunity for an additional $6.5 billion per annum in visitor expenditure by 2031.
Brisbane is Australia’s closest eastern seaboard capital city to China, Japan and South Korea, and shares workday time zones with the powerhouse economies of the Asia Pacific. The city is also connected to the world by a 24/7 global airport with the largest runway capacity in Australia, and one of Australia’s fastest-growing container ports, with container movements forecast to triple by 2050.
Brisbane is home to globally respected universities and a highly skilled workforce, with a higher percentage of residents attending university than the Australian average. The city’s talent base is also being supercharged by Australia’s highest levels of interstate migration, as waves of people make the move to this highly liveable city where homes cost about 38% less than their Sydney equivalent.
Brisbane businesses pay less payroll tax than businesses in Sydney and Melbourne, and benefit from being part of a consistent, low sovereign risk business environment, with Australia’s largest local council at the helm.
Brisbane is also home to the Brisbane Economic Development Agency (BEDA) – a dedicated city economic development board focussed on delivering results for Brisbane businesses.