Due to soaring property prices, an estimated 130,000 people are expected to move from Sydney to Brisbane in the next few years. Find out more about the benefits of living in Brisbane.
According to ABC News, 130,000 people are expected to move from Sydney to Brisbane in the next few years due to soaring property prices. According to Macquarie Bank researchers, “Sydney house prices are nearly double those in the other capital cities and job creation in Queensland is on the rise.” This migration will also involve a large transfer of wealth – Macquarie estimates that that the figure could be up to 8.1 billion dollars.
We thought this news provided us with a great opportunity to share a few of our favourite things about life in the Sunshine State. Here are our top 3:
Brisbane has a relaxed, friendly atmosphere that is hard to come by in larger cities. Brisbane residents enjoy a laid-back, ‘outdoorsy’ lifestyle that is brimming with sunshine, greenery, space and opportunities for adventure and activity. Due to the warm climate, residents can enjoy alfresco dining, bike rides, markets, picnics, BBQs, walks and swims all year round. In addition to the great outdoor options, Brisbane is full of cafes, restaurants, bars, cinemas, sports centres, theatres, museums and art galleries. Whether you are a young professional or part of a large family, Brisbane’s comfortable, vibrant atmosphere is sure to support your lifestyle. Brisbane is also close to a range of holiday destinations that are perfect for weekend getaways. You can head north to visit the Sunshine Coast, Noosa and Bribie Island or south to visit the Gold Coast, a number of theme parks, Tweed Heads and Kingscliff.
Brisbane enjoys a subtropical climate that is defined by warm or hot weather throughout the majority of the year. The hottest months of the year are December, January and February, with an average maximum temperature of 30ºC. The coldest months are June, July and August with as average temperature of 15.5ºC. If you like warm weather, sunshine and blue skies, Brisbane has your ideal climate.
Cost of Living
The average cost of a house in Sydney is $1,111,124. In Brisbane, the average cost is $517, 539. Brisbane’s housing affordability means that residents can live closer to the CBD, and this reduces their transport costs and facilitates an easier lifestyle (no more long commutes or hours spent in traffic). Brisbane also has fewer incidental expenses like road tolls. Here are some more specific figures of the cost of living in Sydney vs. Brisbane:
- Consumer prices in Sydney are 11.38% higher than Brisbane
- Rent prices in Sydney are 59.85% higher than Brisbane
- Groceries prices in Sydney are 13.67% higher than Brisbane
The relaxed lifestyle, warm climate and low cost of living in Brisbane are why we reckon this city is the place to be. Like the sound of the laid-back Brisbane lifestyle? We create apartments and townhouses that redefine the standards of inner-city living. If you have any questions about buying or investing in Brisbane, don’t hesitate to contact us.