todaytonight - Channel 7

Brisbane: 29 March 2010

Brisbane is Australia's fastest growing city with 100,000 moving to the capital every year. Experts predict it will eventually rival Melbourne in size.

Brian Haratsis says the next 30 years with be Brisbane's most challenging.

"I don't expect the housing market in 2040 to look like today's housing market," Mr Haratsis said.

Brian says Brisbane will need an efficient network of busways, inner-city rail and maybe even a return to trams.

"The infrastructure that's currently been put in place will need to be doubled again."

Mark McCrindle is demographer - he believes all of Queensland is set for a population growth spurt.

"To accommodate those 2100 people every week you almost need another 800 to 1000 homes to be built every week to accommodate just that growth that we currently have."

By 2040 the Gold Coast will hit one million people - the first non-capital in Australia to do so. The Sunshine Coast will have 400,000 people, Toowoomba 200,000, Townsville 275,000 and Cairns 250,000.

Certain Brisbane suburbs on bus or rail lines are also expected to boom.

In the north suburbs like Chermside and Aspley. In the east Carindale and Wynnum. In the south Mt Gravatt and Logan. In the west Toowong and Mitchelton, however it is relativy expensive to buy in these suburbs now.

In Aspley by 2040 your house will be worth $1.23 million, in Coorparoo $2.11 million, in Ipswich $1.16 million, in Logan central $797,000, in Mt Gravatt $1.45 million and in Taringa $1.68 million.

The Northern corridor is expected to capture many of the people moving to Brisbane area because of its affordability. However there is a great demand on the area by families needing to rent, smart investors will capitalise on the local and provide the need for new housing.

Rents will also be more, but not astronomical.

In Aspley you'll be paying $1200 per week, Coorparoo $1300, Logan Central $1200 and slightly more in Mt Gravatt.

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