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There are five suburbs in the Brisbane market that are worth agents keeping an eye on, according to new research.
Analysis by Your Property Your Wealth has identified five suburbs set for future price growth in the Queensland capital.
“There is no denying that Brisbane is on the radar of savvy investors, with properties in many of these locations starting to already sell quite quickly,” founder Daniel Walsh said.
“However, not every suburb is a sound investment prospect, and especially if an investor is from interstate and is not familiar with the Sunshine State capital’s property market.
“We’ve been buying in select Brisbane suburbs for a few years now, with many properties in positive cash flow or neutral territory from the outset as well as capital growth prospects to sweeten the outlook as well.”
Mr Walsh noted that it was common for investors to achieve 5 per cent yields on houses in Brisbane’s middle-ring suburbs given affordable buy-in prices and solid weekly rents.
The top five suburbs primed for future price growth, according to Mr Walsh, are:
1. Bracken Ridge
2. Brighton
3. Petrie
4. Springwood
5. Runcorn
“There are a number of major infrastructure projects that are set to further increase buyer demand in affordable property corridors such as these five,” Mr Walsh said.
“One of the most significant is construction of a new university campus in Petrie, which is due to open next year.
“Petrie has also benefited from the new Moreton Bay Rail Link, which was first recommended more than 100 years ago and finally opened in 2017.”
CoreLogic data shows the median house price — as at August 2019 — in Bracken Ridge is $495,000, whereas Brighton averages $560,000, Petrie averages $445,000, Runcorn averages $558,000 and Springwood averages $525,000.
ABOUT THE AUTHOR
Emma Ryan
Emma Ryan is the deputy head of editorial at Momentum Media.
Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.
Email Emma on: Emma.Ryan@momentummedia.
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