Brisbane will grow faster than any other ‘mature’ world city over the next eight years, according to an international study compiled by market analysts Jones Lang LaSalle.
The only other Australian city to make the list, which comprises of cities with a “mature property market” and a population of more than 1 million, was eighth-placed Perth.
Brisbane is growing faster than any comparable city in the world, according to a new report.
The study, A New World of Cities: Redefining the Real Estate Investment Map, ranked Brisbane number one for expected gross domestic product growth from 2012 to 2020.
Sixteen of the top 20 cities were in North America.
The list ignores developing cities, which grow at a much faster rate.
JLL Brisbane-based research and consulting director Leigh Warner said it was not surprising the Queensland capital had come out on top, primarily due to the strength of the state’s resources sector.