BY CHRIS VOTE, RAINE & HORNE WYNNUM
The Brisbane 2022 New World City Action Plan “aims to define the priorities that will drive the city’s economic growth for the next seven years and beyond. The economic priorities have been devised to drive job creation, city-shaping, quality of life, research and education expansion and continue the momentum toward achieving the existing targets set for 2031.” (1)
The Plan also references to Brisbane’s growing economy, and states that “by 2031 the vision for Brisbane is to grow the Economy to $217b, Jobs to 1.5 million and raise the per capita income to $75k, in turn leveraging these assets to elevate Brisbane onto the world stage. Brisbane now sits alongside a select group of 24 cities that includes Barcelona, Miami, Calgary, Singapore, Tel Aviv, San Diego and Cape Town for example that all possess these ‘New World City attributes’”.
Reading further, we see that “Brisbane’s trajectory is trending the right way to achieve these ambitious benchmarks. Today, it is the 172nd biggest city in the world, but significantly, it sits inside the top 80 for globally linked economies. And since 2000, Brisbane is among the top 30% of the world’s fastest growing cities, especially in terms of job creation. With the 2032 Olympic games only 10 years away, you can be sure there will be continued growth. Last year alone Queensland has seen 30,785 new residents arrive from other Australian states with approximately 50% settling in the Brisbane region. This trend is expected to continue with Brisbane rising on the global scene.”
What does this all mean for Wynnum/Manly?
The city is expanding and because of our amazing natural resource – Moreton Bay – we are one of a very few areas that offers water/bayside living in Brisbane and still in such close proximity to the CBD. We are a scarce resource! And what’s so great about being rare? We are desirable and always will be! This also means sustainability. We truly are blessed to live in such a beautiful area and it’s no wonder there are thousands of Brisbaneites and interstate buyers wanting their own piece of our market.
(1) Source: BRISBANE2022 NEW WORLD CITY ACTION PLAN. A full version is available at choosebrisbane.com.au/2022plan.