Brisbane, the capital city of Queensland, Australia, is rapidly emerging as a city of choice for doing business in the Asia Pacific Region. With its strategic location, robust economy, and a plethora of opportunities across various sectors, Brisbane is a city alive with potential. This article explores the reasons why Brisbane is an ideal location for businesses and highlights the key industries driving the city's economic growth. If you're considering a "Brisbane business for sale", this article will provide some valuable insights.
Brisbane's strategic location on the eastern seaboard makes it the closest capital city to Australia’s three largest export markets - China, Japan, and South Korea. This geographical advantage, coupled with excellent connectivity, makes Brisbane a prime location for businesses looking to expand their reach in the Asia Pacific region. It also makes it an attractive location for those considering a "Brisbane business for sale".
The city boasts a 24/7 airport, less than 20 minutes and 12 kilometres from the city centre, with the highest aviation capacity in Australia. The Brisbane Airport Corporation (BAC) estimates the airport will welcome 50 million passengers a year by 2040. Additionally, the Port of Brisbane, one of Australia’s fastest-growing container ports, is Queensland’s largest general cargo port. These facilities provide businesses with seamless access to both domestic and international markets.
Brisbane's economy, worth $181 billion, is one of Australia’s fastest-growing, with a forecast to increase to $239 billion by 2041. This growth is driven by key sectors such as advanced manufacturing, logistics, business services, health, property and construction, and tourism. The city's more than $19 billion infrastructure pipeline, including transformational public transport projects and major developments, further fuels the economic growth.
The city's thriving economy is also bolstered by a vibrant population growth, with almost 47% of the working-age population under the age of 35. This demographic advantage generates additional demand for goods and services, providing businesses with a ready market for their products.
Brisbane's economic opportunities are driven largely by the growth industries of health, tourism, property and construction, logistics, advanced manufacturing, and business services. Each of these sectors presents unique opportunities for businesses:
Brisbane is home to more than 100 health and biotech facilities, with the health sector contributing $16.1 billion per annum to the city's economy and directly supporting more than 116,000 jobs.
With global destination appeal, tourism is a significant driver of Brisbane’s economy, with the opportunity to grow the visitor economy by $6.5 billion per annum by 2031.
Brisbane's $19 billion infrastructure pipeline and unprecedented population growth are propelling Brisbane’s fast-growing PropTech, green building technology, and material innovation ecosystem.
As the closest eastern seaboard capital city to Australia’s largest export markets, Brisbane is perfectly positioned to thrive as a logistics centre. The 24/7 Brisbane Airport’s twin runway enables the highest aviation capacity in Australia, and the Port of Brisbane is Australia’s largest capital city port, with approximately $466 million in port infrastructure works underway.
Brisbane has a strong network of research and development institutions, a highly skilled workforce, and high levels of collaboration between businesses, researchers, and all levels of government. This has led to the city becoming one of the world’s 50 most innovative cities, particularly in the field of advanced manufacturing.
The business services industries are rising rapidly in Brisbane, with finance and insurance jobs growing at double the major capital cities’ average over the last five years. Brisbane also has a higher share of employees working in legal services than all other capital cities.
With its strategic location, robustand growing economy, and a plethora of opportunities across various sectors, Brisbane is an ideal location for businesses looking to expand their reach in the Asia Pacific region. The city's commitment to infrastructure development, coupled with its vibrant population growth and thriving key industries, makes it a hub for business growth and innovation. Whether you're a startup looking for a dynamic and supportive environment, or an established business seeking to tap into new markets, Brisbane offers a wealth of opportunities.
Queensland Business Sales, established in 1995, is a leading business brokerage firm with a track record of selling over 1,000 businesses worth more than $750 million across Australia. With a combined experience of 90 years, the team, led by Principal Rod Russell, is renowned for its expertise, integrity, and innovative marketing strategies. The firm is committed to delivering exceptional customer service, connecting sellers with the right buyers, and ensuring a smooth and quick sale process.
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