Brisbane is poised for significant economic and developmental strides in 2025, building upon its recent robust performance. 

The Queensland Government forecasts a 3% economic growth for both 2023-24 and 2024-25, indicating sustained economic momentum. 

The property market is expected to be a key driver of this growth. Projections suggest a potential increase in property prices ranging from 6% to 14%, fuelled by sustained demand and limited supply.

Infrastructure development remains a cornerstone of Brisbane’s growth strategy. The city’s commitment to enhancing transport and urban facilities is evident in projects like the Brisbane Metro and the Cross River Rail. These initiatives are designed to improve connectivity and support the anticipated population increase. Additionally, the upcoming 2032 Olympic and Paralympic Games are acting as a catalyst for further infrastructure investments, with significant urban renewal plans proposed for under-utilised areas such as Chermside and Moorooka’s Magic Mile. 

However, challenges persist. The construction industry is grappling with rising costs and labour shortages, which could impact project timelines and budgets. Escalating construction costs in Brisbane are likely to persist due to ongoing capacity and labour shortages, potentially affecting the timely and cost-effective completion of Olympic-related projects. 

In summary, Brisbane’s outlook for 2025 is characterised by promising growth prospects, particularly in the property sector, underpinned by strategic infrastructure developments. Nonetheless, addressing construction industry challenges will be crucial to sustaining this growth trajectory.

This article was written by Village Voice.