australia's new world city. Australia is consistently ranked as one of the top countries in the world for quality of lif
contents australia’s new world city
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a growing city
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a connected city
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an innovative city
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a lifestyle city
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brisbane quick stats
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brisbane
australia’s new world city
Australia is consistently ranked as one of the top countries in the world for quality of life
the capital city of
Queensland and the third largest city in Australia
brisbane 4
benchmarking brisbane
Australia’s Gross Regional Product, 2011
rest of australia grp
81%
rest of queensland grp brisbane
10%
9%grp
$135 billion GRP $63,600 GRP per capita 2.1 million population 2.3% population growth rate from 2001-2011 4.7% GRP growth rate from 2001-2011 Source: Queensland Treasury and Trade, 2012.
25% of Brisbane’s GRP is generated by the resource sector Source: Queensland Resources Council, 2012.
28% Of Brisbane’s residents were born overseas Source: Australian Bureau of Statistics, 2011.
benchmarking brisbane
46% Of Queensland’s population resides in Brisbane Source: Australian Bureau of Statistics, 2011.
48% of Queensland’s economic output iS produced in Brisbane Source: Queensland Treasury and Trade, 2012.
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brisbane
a growing city 15 Skyscrapers under construction 32 Proposed skyscraper developments Source: Skyscraperpage.com, 2013.
Brisbane is predicted to be the fastest growing mature city in the world over the next 10 years, ahead of Hong Kong and Singapore
cultural precinct
- Jones Lang LaSalle, 2012
Source: Jones Lang LaSalle, A New World of Cities: Redefining the Real Estate Investment Map, January 2012.
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benchmarking brisbane
transapex infrastructure investment Australia’s biggest suite of urban road projects
$328 million
$1.5 billion
$3.2 Billion
$4.8 Billion
Go Between Bridge
Legacy Way Tunnel
Clem Jones Tunnel
airportlinkM7 tunnel
CBD
city botanic gardens
10 YEARS OF CBD GROWTH New high rise developments 2004-2014*
*2004-2014 projects completed or under construction.
benchmarking brisbane
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Brisbane: Australia’s Resources Hub
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, 2012. 2 Deloitte Access Economics, 2012.
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.
additional professional and managerial roles by 2021
$75,000 Income per capita by 2031*
820,000
443,000
Additional residents by 2031
Additional jobs by 2031
Source: Brisbane City Council forecasts commissioned from National Institute of Economic and Industry Research, 2009. *in 2011 AUD
2011
2031
2011
2031
population
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1,068,000 1,511,000
2,083,000 2,903,000
population population
2011
2031
employment employment benchmarking brisbane
Source: Brisbane City Council forecasts commissioned from National Institute of Economic and Industry Research, 2009.
$2.1GRP7 bybillion 2031*
200,000 Source: Synergies Consulting, 2011.
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
2,083,000 2,903,000
Australia has experienced 21 years of consecutive economic growth Brisbane’s economy has grown at a faster rate than the national average since 2001
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brisbane
Source: Port of Brisbane, 2012.
a connected city
Brisbane is the closest STATE capital city to Australia’s three largest export markets.
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
60,000
export volumes by destination
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
3570 flights per week at Brisbane Airport
annually
4.5% Annual airport passenger
Source: AirportlinkM7, 2011.
employees, growing to 110,000 by 2026
Source: Brisbane Airport Corporation, 2012.
Source: Australia TradeCoast, 2012.
Port of Brisbane Deep water access port supported by a strong regional freight network.
benchmarking brisbane
13.6%
4.5%
of australia’s container trade
average annual growth in export volumes, 2002-2012
Source: Port of Brisbane, 2012.
value to the Queensland economy
Source: Port of Brisbane, 2012.
$9.4 Billion
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brisbane
Australia innovation
an innovative city
As a nation, australia ranks: 2 Best developed nation for entrepreneurship by The Global Entrepreneurship Monitor nd
5
th
Overall in Martin Prosperity Institute’s Global Technology index
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th
Globally in IBM’s Beyond E-Readiness survey
case studies josephmark
brisbane innovation
The digital design studio leading the new MySpace redesign
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
halfbrick The Brisbane game developers behind Fruit Ninja and Jetpack Joyride
Local strengths in IT, biosciences, game development and mining industries
Professor Ian Frazer
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Global top-100 city for Innovation capabilities - 2Thinknow, 2013
Source: 2thinknow Innovation Agency, 2013.
World leader in mining technology research and innovation
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
benchmarking brisbane
th
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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.
Australia’s international ranking for quality of Scientific Research
150,000 tertiary students Source: Australian Bureau of Statistics, 2012.
61%
Source: WEF Global Competitiveness Report,
th
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of Brisbane’s population aged 15+ hold a post-school qualification
Australia’s international ranking for UniversityIndustry R&D Collaboration Source: WEF Global Competitiveness Report, 2012-13.
Source: Australian Bureau of Statistics, 2012.
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, 2012.
benchmarking brisbane
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brisbane
A lifestyle city
261 days of sunshine a year Source: Australian Bureau of Meteorology, 2012.
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benchmarking brisbane
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, 2011. **My City Poll, Property Council of Australia, 2011.
2nd in Australia for quality of public transport Source: My City Poll, Property Council of Australia, 2011.
benchmarking brisbane
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culture and entertainment 26 million annual visitors to Queen Street Mall, Brisbane’s premier shopping precinct Source: Brisbane Marketing, 2011.
1.5 million visitors to the Queensland Art Gallery / Gallery of Modern Art complex in 2012 Source: QAGoMA, 2012.
$82 million spent on live contemporary music in QLD Source: Live Performance Australia, 2012/2011.
72% think Brisbane has a vibrant entertainment scene Source: My City Poll, Property Council of Australia, 2011.
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benchmarking brisbane
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
population
2,082,696
4,605,992
4,169,103
1,262,940
1,832,114
population growth rate
2.30%
1.10%
1.70%
0.90%
2.40% 2001-2011
Net Interstate migration
33,757
-60,741
10,796
-14,678
14,920 2006-2011
Net Overseas migration
142,439
287,365
302,984
68,424
156,116 2006-2011
Total visitors1
5,911,000
10,508,000
8,631,000
2,554,000
3,573,000
2012
International visitors1
939,000
2,678,000
1,690,000
294,000
710,000
2012
Hotel Occupancy2
82%
85%
80%
78%
84%
2012
Employment
1,075,400
2,362,500
2,144,200
601,800
975,900
2012
employment growth rate
3.14%
1.51%
2.44%
1.94%
Participation rate
68.50%
65.60%
66.20%
63%
69%
2012
Unemployment rate
5.50%
4.90%
5.40%
5.60%
4%
2012
average max3
25.5°C
21.7°C
19.9°C
22.7°C
24.6°C
2012
average min3
15.7°C
13.8°C
10.2°C
12.2°C
12.7°C
2012
days of rainfall3
76
100
100
83
81
2012
days of sunshine3
261
236
185
224
265
2012
International Airport destinations4 Domestic Airport destinations4 Number of foreign embassies5
29
43
19
5
14
2012
40
47
33
16
34
2012
27
68
49
16
28
2012
year 2012
3.09% 2001-2011
Source: All information sourced from the Australian Bureau of Statistics unless otherwise stated.
benchmarking brisbane
1. Tourism research Australia, 2012 2. Dansfield Hotel Futures Report, 2012 3. Australian Bureau of Meteorology, 2013 4. respective airport websites, 2013 5. GoAbroad.com, 2012.
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More Information: Brisbane city council
www.brisbane.qld.gov.au JANUARY QUARTER 2013
LORD MAYOR’S BRISBANE ECONOMIC SNAPSHOT
BRISBANE ECONOMIC DEVELOPMENT PLAN
Graham Quirk Lord Mayor
KEY STATISTICS BRISBANE - THE STATE OF PLAY Brisbane is back in business after the January 2013 weather event. The impact of the event on Brisbane’s economic growth outlook for 2013 is anticipated to be minimal, with the city expected to stay on track after delivering a strong performance in 2012. Key economic indicators, including the recent release of the Australian State Accounts, demonstrate Brisbane’s strong prospects. Queensland maintained 4% Gross State Product growth between the 2010 -11 and 2011-12 financial years. This strong performance has lifted Queensland’s share of Australia’s Gross Domestic Product to 19.8%, an increase of 1.7% over this period. For Brisbane, which accounts for almost half of the State’s economy, this suggests that the city is continuing to punch above its weight in the national economy. This economic growth was supported by the increase in exports passing through Brisbane’s ports. The volume of exports increased by 25% on last year to reach 16 million tonnes, exceeding all annual growth figures in the last ten years. This in turn led to a 16% increase in export value to reach $13.6 billion in 2011-12. This shows that despite the high Australian dollar, export-related industries in Brisbane and surrounding regions are performing above expectations. Employment in metropolitan Brisbane increased by 8,636 people over the 12 months to December 2012 bringing total employment to 1,075,400. This represents annual employment growth of 0.6%.
The value of commercial construction increased by 10% from 2011, reaching $2.04 billion in 2012. Continued growth is expected with new commercial developments including the 34 story ‘174 Ann Street’ and 37 story ‘480 Queen Street’ towers to commence construction in 2013. Indicator (annual data unless specified)
Region Brisbane LGA1
Metropolitan Brisbane2
N/A
$114 billion
Key Facts a) Value of Brisbane’s Economy (Jun 2011) b) Employment (Dec 2012) c) Unemployment Rate (Dec 2012) d) Population (Jun 2011)
800,900
1,075,400
5.2%
5.5%
1,089,743
2,082,696
Latest Releases e) International Visitor Expenditure
N/A
$1.5 billion
f) Value of Commercial Construction
N/A
$2.04 billion
Brisbane City Council Local Government Area Australian Bureau of Statistics Brisbane Statistical Division (BSD) Source: a) Brisbane City Council estimate b, c , d, f) Australian Bureau of Statistics e) Department of Resources, Energy and Tourism – International Visitors Survey
1 2
Table 1: Brisbane Economic Indicators (latest data)
BRISBANE ECONOMIC SNAPSHOT
BRISBANE COMMUNITY PROFILES
Brisbane Marketing
www.brisbanemarketing.com.au
BRISBANE INNOVATION SCORECARD
STRATEGY FOR A DIGITALLY DRIVEN ECONOMY
Brisbane City Council Information GPO Box 1434 Brisbane Qld 4001
BRISBANE DIGITAL STRATEGY
Printed on recycled paper
For more information visit www.brisbane.qld.gov.au or call (07) 3403 8888 Facebook.com/BrisbaneCityCouncil
N2013-03089 © Brisbane City Council 2013
@brisbanecityqld
