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Brisbane Booms for Developers

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INVESTORS should recognise the fundamental benefits of developing in Brisbane, says FKP executive general manager for residential communities Evian Delfabbro.

Ms Delfabbro said investors needed to take into account Brisbane's population growth, low unemployment, infrastructure spending and affordability when considering to invest in the Queensland capital.

"The flooding in Brisbane has been blown out of all proportions," she said. "We think Brisbane is a valuable proposition in light of the infrastructure goingin... and from those demographic drivers of low unemployment, low vacancy rates which have reduced even more since the floods, and affordability – especially compared to Sydney."

FKP is one of Australia’s leading property and investment groups and has recently put its high density development The Milton on the market.

Consisting of 298 units over 30 storeys, 25 per cent of the apartments have already been sold, including a $3 million off-the-plan sale where the buyers have secured half a floor of apartments. The Milton’s sales consultant Bob Lidster said it was a unique development.

"One of the main advantages to people is the above-ground parking," he said. "The Milton also highlights the importance of transport-orientated developments for Queensland."

As part of The Milton development, FKP will be undertaking a major upgrade of Milton Railway Station. Construction of the 30-level building and associated infrastructure works is expected to begin this year.