BRISBANE CITY RANKS IN TOP 20 CITIES GLOBALLY

THE WINS KEEP COMING FOR BRISBANE – Brisbane city is one of the Top 20 cities globally attracting the most real estate investment relative to their size.

Brisbane is one of the Top 20 cities globally attracting the most real estate investment relative to their size.

JLL’s latest Real Estate Investment Intensity Index –

Brisbane has joined the Top 20 list in a Global JLL Research Index which highlights cities around the world that are punching above their weight in terms of attracting real estate investment.

Brisbane comes in at number 19 on a list of over 300 cities monitored worldwide by JLL.

Three Australian cities feature in the Top 20, with Sydney ranked number four and Melbourne at number 10. London was Number 1 in JLL’s Intensity Index March 2016, which measures the volume of direct commercial real estate investment in a city relative to the city’s economic size.

Stephen Conry, CEO of JLL Australia, said Brisbane’s presence in the Index was a measure of the city’s rapid transformation in recent years.

“A city’s innovation capability and forward planning for infrastructure are important in determining future economic strength and real estate momentum over the longer term.

“Major infrastructure projects in Brisbane that are contributing to this innovation include the $3 billion world-class entertainment and tourism hub being developed at Queen’s Wharf and North Shore Hamilton, which will see the transformation of a former industrial port into a new waterfront district.

“This shows Brisbane as a progressive city and planning well for its future prosperity,” said Mr Conry.

‘New World Cities’ like Brisbane dominate the Investment Intensity Index –

Brisbane is part of a dynamic group of 32 New World Cities, which the JLL Index says are taking centre stage in the global real estate investment market.

The world’s most globalised metropolitan economies continue to account for a significant portion of global transactions, with the top 10 cities for transaction volumes accounting for nearly 30 percent of global investment over the last three years. However, over the past 10 years a core set of 32 New World Cities has steadily increased its share of global real estate investment volumes, rising from 10 percent in 2006 to account for over 20 percent in 2015.

Jeremy Kelly, director, Global Research Programmes at JLL said: “With pricing at near record levels in many gateway cities, New World Cities can offer better value for investors and are establishing themselves as consistent and liquid markets which are open and transparent. A broad range of investors now recognise the inherent strengths of New World Cities as dynamic clusters of business activity that offer scalable real estate investment opportunities.”

Mr Conry said, “The fact that investors are increasingly targeting innovation-rich cities in open and transparent markets puts Brisbane in the box seat.

“The JLL Report says many of these cities are building vibrant economies and real estate markets through technology and their ability to transform and adapt to a constantly changing socio-economic landscape. It shows the resilience of Queensland.

“And the Outlook from JLL is that these cities will continue to punch above their weight in real estate volumes,” said Mr Conry.

About New World Cities and JLL’s Investment Intensity Index –

‘New World Cities’ account for 16 of the Top 20 in JLL’s Investment Intensity Index. They are typically small to medium-sized cities with transparent, open real estate markets and favourable infrastructure and liveability platforms. They are building dynamic economies and real estate markets through innovation and demonstrate an ability to transform and adapt to a constantly changing socio-economic landscape. JLL’s Investment Intensity Index covers over 300 cities around the world, and compares the volume of direct real estate investment in a city over a three-year period relative to the city’s current economic size. The Index provides a measure of real estate market liquidity, as well as a useful barometer of a city’s overall ‘health’, highlighting cities that are punching above their weight in terms of attracting real estate investment.

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