The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
PURPOSE-BUILT STUDENT ACCOMMODATION SUMMIT EARLY BIRD ENDS JULY 29 — USE CODE ‘EARLY10’
PBSA SUMMIT EARLY BIRD LIMITED OFFER USE CODE 'EARLY10' BY JULY 29
GET OFFERDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
HotelStaff WriterTue 14 Nov 17

Why Now Might be the Best Time to Invest in Brisbane Hotels

brisbane1-1

The Brisbane hotel market may finally be at a point of increased transactional activity as market indicators for an improvement in the Queensland economy are falling into place.

Queensland has recorded its best performance since June 2013 for state final demand, increasing by two per cent to June 2017, according to the latest CBRE research, Viewpoint: Sun rising in the Sunshine State.

New South Wales and Victoria continued their growth at 3.3 and 3.9 per cent respectively. Western Australia continues to suffer from the mining sector downturn, recording a fall of 7.4 per cent for the year.

The report points to net migration picking up as a good indicator of the future strength of the Queensland economy driven in part by the house price differential between Sydney and Brisbane. Housing affordability is a key driver of migration. The differential is back towards favourable levels for Brisbane seen in the early 2000s.

[Related reading: 7 Major Projects Add $12bn to Brisbane's Economy]

NAB’s Monthly Business Survey consistently shows Queensland outperforming the national average with regards to both business conditions and business confidence indicating that there is a "renewed belief in the economic future of the region.”

Additionally, there are a number of major projects under way which will boost the appeal of Brisbane as a destination for both domestic and international visitors.

It is estimated there are $30 billion worth of investment across a number of projects including the Queens Wharf development, new international cruise terminal at Port of Brisbane and second runway at Brisbane Airport.

[Related reading: How Queen’s Wharf Will Help Shape Brisbane’s Public Realm: Urbis]The rolling annual forecast of visitor nights to Brisbane in terms of domestic and international visitor nights is showing a positive upward trend and will benefit from the ever-increasing Chinese visitor growth to this country with the number of Chinese tourists to Australia expected to triple by 2025.

The raft of proposed developments for Brisbane are seen as strong demand drivers for increased tourism to Brisbane, and whilst their impact on forecast visitor numbers is yet to be determined, they may generate for Brisbane a bigger share of the growth than anticipated.

Whist Sydney and Melbourne are the traditional destinations for many investors CBRE believe that now might be the time to enter the Brisbane hotel market for a successful investment.

HotelAustraliaSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
Riverlee Seafarer's 1 Hotel HERO
Exclusive

Melbourne’s North Bank Awakens After Decades of Dormancy

Leon Della Bosca
8 Min
haven hope island Activa Way at 7002 Springfield Drive, Hope Island resort developments
Exclusive

High-End Industrial Solves Gold Coast Enclave Conundrum

Renee McKeown
5 Min
Dee Why
Exclusive

Why Design-Led Development is Rising at ‘Forgotten’ Dee Why

Vanessa Croll
6 Min
Carrington Place - Ellipse EDM
Exclusive

NSW’s ICIRT Hands Lifeline to Off-the-Plan

Clare Burnett
7 Min
View All >
Smith Motor Group’s valuation and auction car yard at 279 Commercial Road, Port Adelaide to become officeworks
Planning

Mixed Results for Adelaide Large Format Retail Proposals

Renee McKeown
Residential

What CGT Changes Could Mean for Housing Supply

Taryn Paris
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
The Melbourne builder-developer partners are taking lessons learnt from high-end residential as they push into alt livin…
LATEST
Smith Motor Group’s valuation and auction car yard at 279 Commercial Road, Port Adelaide to become officeworks
Planning

Mixed Results for Adelaide Large Format Retail Proposals

Renee McKeown
3 Min
Residential

What CGT Changes Could Mean for Housing Supply

Taryn Paris
4 Min
Henny Prime Henny Background
Exclusive

Why Henny and Prime Edition are Moving into Student Living

Leon Della Bosca
7 Min
Billbergia Pitt St EDM
Residential

Billbergia Axes Skybridge from Sydney CBD Skyscraper

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/now-might-best-time-invest-brisbane-hotels