Market Analysis
- MARKET ANALYSIS
- WHY INVEST IN ALEX PERRY RESIDENTIAL?
- WHY INVEST IN FORTITUDE VALLEY?
- FULL PROPERTY RESEARCH REPORT(PDF)
WHY INVEST IN FORTITUDE VALLEY?
- The Office of Economic and Statistical Research calculates that Queensland's population is currently growing by one person every four minutes and 33 seconds.
- By the end of 2011 Queensland is forecast to become the second most undersupplied housing market in the country, second only to NSW.
- Across Queensland, the dwelling deficiency is expected to rise to 46,500 by the end of 2011 – an increase in shortfall of 8,600 dwellings over the year.
- By 2031, more than 22,000 new residents will have moved into Fortitude Valley, creating an unprecedented demand for new residential dwellings. Or approximately 4 – 5 x Alex Perry sized residential developments a year – every year for the next 20 years. Just in this one suburb.
- A further 75,000 new jobs are anticipated to be created in the Valley over the next 20 years.
- These two factors will combine to not only have a highly stimulatory effect on demand but on underlying price and weekly rental growth.
- According to RP Data on the 21.04.11, Australia's population is getting close to 22.5 million residents of whom about 64 percent live within the nation's capital cities. With such a large proportion of the population living on what is just half a percent of the Australian land mass higher density living is set to continue.