contents australia s new world city 4 a growing city 6 a connected city 9 an innovative city 10 a lifestyle city 12 brisbane quick stats 15

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3 contents australia s new world city 4 a growing city 6 a connected city 9 an innovative city 10 a lifestyle city 12 brisbane quick stats 15

4 brisbane australia s new world city Australia is consistently ranked as one of the top countries in the world for quality of life 1 st BETTER LIFE INDEX - OECD (2012) 2 nd best country to be born in The Economist (2013) 3 rd best for economic freedom Heritage Foundation (2013) the capital city of Queensland and the third largest city in Australia brisbane 4

5 Australia s Gross Regional Product, 2011 rest of australia 81%grp rest of queensland 10%grp brisbane 9%grp $135 billion GRP $63,600 GRP per capita 2.1 million population 2.3% population growth rate from % GRP growth rate from Source: Queensland Treasury and Trade, % of Brisbane s GRP is generated by the resource sector Source: Queensland Resources Council, % Of Brisbane s residents were born overseas 46% Of Queensland s population resides in Brisbane Source: Australian Bureau of Statistics, % of Queensland s economic output is produced in Brisbane Source: Australian Bureau of Statistics, Source: Queensland Treasury and Trade,

6 brisbane a growing city 15 Skyscrapers under construction 32 Proposed skyscraper developments Source: Skyscraperpage.com, Brisbane is predicted to be the fastest growing mature city in the world over the next 10 years, ahead of Hong Kong and Singapore - Jones Lang LaSalle, 2012 cultural precinct 6 Source: Jones Lang LaSalle, A New World of Cities: Redefining the Real Estate Investment Map, January 2012.

7 transapex infrastructure investment Australia s biggest suite of urban road projects $328 million Go Between Bridge $1.5 billion Legacy Way Tunnel $3.2 Billion Clem Jones Tunnel $4.8 Billion airportlinkm7 tunnel CBD city botanic gardens 10 YEARS OF CBD GROWTH New high rise developments * * projects completed or under construction. 7

8 Australia has experienced 21 years of consecutive economic growth Brisbane s economy has grown at a faster rate than the national average since 2001 Brisbane: Australia s Resources Hub As the gateway to Queensland s mineral wealth, Brisbane is home to 178 mining and energy regional headquarters. In 2011/12 the resource sector contributed $30.3 billion to the greater Brisbane economy, accounting for over 40% of the total contribution to Queensland. 1 The resource sector is set to expand further, with $164 billion in large projects currently under study, committed, or under construction in Queensland. 2 Source: 1 Queensland Resources Council, Deloitte Access Economics, Brisbane in the next two decades Brisbane s economic growth is driven by investment, industry demand and increased population. The city s economy will increasingly be characterised by high-value professional services and skilled manufacturing. $2.17 billion GRP by 2031* 820,000 Additional residents by 2031 $75,000 Income per capita by 2031* 443,000 Additional jobs by 2031 Source: Brisbane City Council forecasts commissioned from National Institute of Economic and Industry Research, *in 2011 AUD 2,083, population 2,903, ,000 additional professional and managerial roles by ,083,000 2,903, population 1,068,000 1,511, employment Source: Brisbane City Council forecasts commissioned from National Institute of Economic and Industry Research, Source: Synergies Consulting,

9 brisbane a connected city Brisbane is the closest STATE capital city to Australia s three largest export markets. export volumes by destination Source: Port of Brisbane, Australia TradeCoast Industrial Precinct Australia TradeCoast is the country s fastest growing trade and industry region, located six kilometres from the CBD and made up of Brisbane Airport, The Port of Brisbane, and the surrounding industrial precincts. 1,500 businesses Brisbane Airport Direct connections to 29 international destinations, operating 24 hours a day with no curfew. Airtrain a dedicated City to Airport highfrequency rail service. AirportlinkM7 tunnel reduces travel time from the CBD to the Airport by more than 20 minutes for passenger vehicles. 21 million passengers annually 4.5% Annual airport passenger 3570 flights per week at Brisbane Airport 60,000 employees, growing to 110,000 by 2026 $9.4 Billion value to the Queensland economy Source: Australia TradeCoast, Port of Brisbane Deep water access port supported by a strong regional freight network. Source: Port of Brisbane, Source: AirportlinkM7, % of australia s container trade Source: Brisbane Airport Corporation, % average annual growth in export volumes, Source: Port of Brisbane,

10 brisbane an innovative city Australia innovation As a nation, australia ranks: 2 nd Best developed nation for entrepreneurship by The Global Entrepreneurship Monitor 5 th 9 th Overall in Martin Prosperity Institute s Global Technology index Globally in IBM s Beyond E-Readiness survey brisbane innovation 1st Australian city to develop a digital strategy and innovation scorecard 2nd city in the world to appoint a Chief Digital Officer to drive the city s digital transformation Local strengths in IT, biosciences, game development and mining industries World leader in mining technology research and innovation Global top-100 city for Innovation capabilities - 2Thinknow, 2013 Source: 2thinknow Innovation Agency, case studies josephmark The digital design studio leading the new MySpace redesign halfbrick The Brisbane game developers behind Fruit Ninja and Jetpack Joyride Professor Ian Frazer The cervical cancer vaccine Gardasil was developed by Ian Frazer and his team at The University of Queensland mining research The Julius Kruttschnitt Mineral Research Centre at The University of Queensland is a global hub for resources research and innovation 10

11 Australia s Research Hub Brisbane is home to a number of world-class universities including The University of Queensland, Queensland University of Technology and Griffith University. These institutions are a significant asset to Brisbane s knowledge economy and form the foundation of the city s research capabilities. 7 th Australia s international ranking for quality of Scientific Research Source: WEF Global Competitiveness Report, 13 th Australia s international ranking for University- Industry R&D Collaboration 150,000 tertiary students Source: Australian Bureau of Statistics, % of Brisbane s population aged 15+ hold a post-school qualification Source: WEF Global Competitiveness Report, Source: Australian Bureau of Statistics, Queensland University of Technology A leading Australian university with a global reputation. 44,000 students. 85% of research rated at or above world standard. The University of Queensland A global top-100 University. Top ranked Australian university for commercial engagement. 21 fields of research rated at or above world standard. 45,000 students. More than10,000 international students. Source: Excellence in Research for Australia,

12 brisbane A lifestyle city 261 days of sunshine a year Source: Australian Bureau of Meteorology,

13 brisbane liveability ask the locals in 2012, brisbane ranked: 8 BEST QUALITY OF LIFE - FDI INTELLIGENCE ASIA-PACIFIC CITIES OF THE FUTURE REPORT 91% th think Brisbane is a good place to raise a family* 90% recommend Brisbane as a place to live* 88% think Brisbane has safe communities* 85% think Brisbane is friendly and welcoming* 82% think Brisbane is green and biodiverse* 80% think Brisbane has a wide range of recreational facilities** 77% think Brisbane has a good climate** Source: *Community Attitudes Survey, Brisbane City Council, **My City Poll, Property Council of Australia, nd in Australia for quality of public transport Source: My City Poll, Property Council of Australia,

14 culture and entertainment 26 million annual visitors to Queen Street Mall, Brisbane s premier shopping precinct Source: Brisbane Marketing, million visitors to the Queensland Art Gallery / Gallery of Modern Art complex in 2012 Source: QAGoMA, $82 million spent on live contemporary music in QLD Source: Live Performance Australia, 2012/ % think Brisbane has a vibrant entertainment scene Source: My City Poll, Property Council of Australia,

15 Brisbane quick stats Benchmarking Australian mainland capitals The following information relates to the metropolitan region for each capital city. These regions are broadly inclusive of the entire city economy and its residents, and encompass multiple local authorities. Brisbane Sydney Melbourne Adelaide Perth year population 2,082,696 4,605,992 4,169,103 1,262,940 1,832, population growth rate 2.30% 1.10% 1.70% 0.90% 2.40% Net Interstate migration 33,757-60,741 10,796-14,678 14, Net Overseas migration 142, , ,984 68, , Total visitors 1 5,911,000 10,508,000 8,631,000 2,554,000 3,573, International visitors 1 939,000 2,678,000 1,690, , , Hotel Occupancy 2 82% 85% 80% 78% 84% 2012 Employment 1,075,400 2,362,500 2,144, , , employment growth rate 3.14% 1.51% 2.44% 1.94% 3.09% Participation rate 68.50% 65.60% 66.20% 63% 69% 2012 Unemployment rate 5.50% 4.90% 5.40% 5.60% 4% average max 25.5 C 21.7 C 19.9 C 22.7 C 24.6 C 2012 average min C 13.8 C 10.2 C 12.2 C 12.7 C 2012 days of rainfall days of sunshine International Airport destinations 4 Domestic Airport destinations 4 Number of foreign embassies Source: All information sourced from the Australian Bureau of Statistics unless otherwise stated. 1. Tourism research Australia, Dansfield Hotel Futures Report, Australian Bureau of Meteorology, respective airport websites, GoAbroad.com,

16 JANUARY QUARTER 2013 LORD MAYOR S BRISBANE ECONOMIC SNAPSHOT Graham Quirk Lord Mayor KEY STATISTICS BRISBANE - THE STATE OF PLAY The value of commercial construction increased by 10% from 2011, Brisbane is back in business after the January 2013 weather reaching $2.04 billion in Continued growth is expected event. The impact of the event on Brisbane s economic with new commercial developments including the 34 story 174 growth outlook for 2013 is anticipated to be minimal, with Ann Street and 37 story 480 Queen Street towers to commence the city expected to stay on track after delivering a strong construction in performance in Indicator Region Key economic indicators, including the recent release of the Australian State Accounts, demonstrate Brisbane s strong Brisbane LGA (annual data unless specified) 1 Metropolitan prospects. Queensland maintained 4% Gross State Product Brisbane2 growth between the and financial years. Key Facts This strong performance has lifted Queensland s share of a) Value of Brisbane s N/A $114 billion Australia s Gross Domestic Product to 19.8%, an increase of Economy (Jun 2011) 1.7% over this period. b) Employment (Dec 2012) 800,900 1,075,400 For Brisbane, which accounts for almost half of the State s c) Unemployment Rate 5.2% 5.5% economy, this suggests that the city is continuing to punch (Dec 2012) above its weight in the national economy. d) Population (Jun 2011) 1,089,743 2,082,696 This economic growth was supported by the increase in Latest Releases exports passing through Brisbane s ports. The volume of exports increased by 25% on last year to reach 16 million e) International Visitor N/A $1.5 billion Expenditure tonnes, exceeding all annual growth figures in the last ten years. This in turn led to a 16% increase in export value to f) Value of Commercial N/A $2.04 billion reach $13.6 billion in This shows that despite the Construction high Australian dollar, export-related industries in Brisbane 1 Brisbane City Council Local Government Area 2 and surrounding regions are performing above expectations. Australian Bureau of Statistics Brisbane Statistical Division (BSD) Source: a) Brisbane City Council estimate Employment in metropolitan Brisbane increased by 8,636 b, c, d, f) Australian Bureau of Statistics people over the 12 months to December 2012 bringing e) Department of Resources, Energy and Tourism International Visitors Survey total employment to 1,075,400. This represents annual employment growth of 0.6%. Table 1: Brisbane Economic Indicators (latest data) STRATEGY FOR A DIGITALLY DRIVEN ECONOMY More Information: Brisbane city council BRISBANE ECONOMIC DEVELOPMENT PLAN BRISBANE ECONOMIC SNAPSHOT BRISBANE COMMUNITY PROFILES Brisbane Marketing BRISBANE INNOVATION SCORECARD BRISBANE DIGITAL STRATEGY Brisbane City Council Information GPO Box 1434 Brisbane Qld 4001 Printed on recycled paper N Brisbane City Council 2013 For more information visit or call (07)

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