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A strong economy and a strong future. That’s what VentureCrowd is predicting for the southeast Queensland Region (SEQ).
The “Golden Triangle” made up of the Sunshine Coast, the Gold Coast, Brisbane, Ipswich and Toowoomba marks a golden opportunity for investors with an extra 1.5 million people expected to move to the region by 2041.
Having one of the highest investment into infrastructure rates in Australia, Queensland’s southeast’s economic growth is about to shift into overdrive, and that is going to make the region very attractive for investors in new business and the property sector.
Let’s have a look at what’s accelerating this growth and what investment opportunities will exist in the next few years.
On the 21st of March this year, the $1.8 billion City Deal was signed for southeast Queensland, with funds going toward vital infrastructure projects in the region. This includes a new $450 million Gabba Brisbane Metro Station, a $150 million Innovation Economy Fund and $70 million for digital connectivity projects.
Queensland Premier Annastacia Palaszczuk said the project will prepare southeast Queensland for the 2032 Olympic and Paralympic Games, ensuring the region is well-equipped to host a projected 500,000+ tourist influx as well as support sustainable growth over the coming decades.
The announcement that Brisbane will host the 2032 Olympics is a defining moment for the future of southeast Queensland.
Hosting the Olympics can really elevate a city’s profile on the global stage and attract new foreign investment, entertainment and sporting events, and increase net migration.
VentureCrowd believes that Brisbane’s Olympics win will boost the Queensland economy and open a range of new opportunities for investors into new business as well as into the property development sector.
Brisbane and southeast Queensland have been on the rise for some time and Venture Crowd believes the announcement really cements the opportunity for the region to come into its own over the next 10 years.
For a cost of $5 bn, KPMG is forecasting the 2032 Olympics will inject $8.1 billion into the Qld economy, $17.6 bn into the wider Australian economy and will create 100,000 new jobs.
In addition to that, you’ve got the power of positive consumer and community sentiment – which is very difficult to measure but is an incredibly important element of economic stimulus.
On the property side, the SEQ housing market is already undersupplied and is forecasted to remain undersupplied for at least the next few years. With the Olympics only a decade away, VentureCrowd expects there to be an even greater increase in net domestic migration in the region and that will put even more pressure on an already undersupplied housing market.
This can be good news for property investors because it means price growth is likely to continue to be strong for some time. But, it also means that SEQ will need a lot more stock and therefore, investors should expect a whole range of new residential property development projects to come online across the region over the next few years in order to meet rising demand.
At VentureCrowd we’re proud to be part of this growth story, enabling our crowd of investors to back a community-focused property project in Toowoomba and soon will be launching a new project coming soon to Albany Creek with 47 lot townhouse development over 2 freehold land lots, complemented by June 2024.
Finally, onto venture capital; SEQ is becoming one of the most active startup ecosystems in the country and boosted by some of the largest startup investments and exits in Australia’s history.
The SEQ region is also home to some of the nation’s leading accelerators, incubators and university commercialisation divisions who are doing some really great work across healthtech, foodtech, biotech, agtech and a number of other really interesting areas. An example is the LuminaX HealthTech accelerator backed by the VentureCrowd HealthTech Fund.
When you add affordability, lifestyle and the fact that remote working has become commonplace, VentureCrowd expects that more and more founders will choose to base themselves in the sunshine state.
Further information can be found on the VentureCrowd website or book a call with their team. Any queries regarding VentureCrowd should be directed to VentureCrowd and not to Stockhead.
This article was developed in collaboration with VentureCrowd, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Any documents linked or referred to in this article were not selected, modified or otherwise controlled by Stockhead.
Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in the documents linked or referred to in this article.