If you're looking to expand your investment property portfolio in 2020, you can't miss out on these Brisbane property hotspots. Read on to know more about these five Brisbane suburbs with high investment potential.
In this article:
● Location: 10 km north of Brisbane CBD
● Median Property Price: $570,000 (House) | $380,000 (Unit)
● Projected Gross Yield: +3.6% (House) | +5.3% (Unit)
Among the five Brisbane property hotspots, the first you should look into is Chermside.
Chermside has the honour of being called the "mini CBD of Brisbane". It is characterised as one of Brisbane's fastest-growing suburbs, making it an ideal place to invest.
For one, it's home to Australia's largest shopping mall--Westfield Chermside. The population of Chermside is also primarily composed of young, independent, and working people who are always on the lookout for places to rent.
Its location is a mere 20-minute drive from Brisbane actual CBD, giving you access to the city at a moment's notice. The suburb is also accessible through public transportation, with Chermside being a primary stop of the Northern Busway.
● Location: 2 km south of Brisbane CBD
● Median Property Price: $530,000 (House)
● Projected Gross Yield: +3.9% (House)
Apartment buildings and rental homes dominate the property profile of Highgate Hill. As such, the suburb is considered a high-density one, with a population of 7,000 mainly composed of Australia's younger workforce.
As its name suggests, the Highgate Hill suburb sprawls across the rolling hills of Brisbane's inner south. Highgate Hill residents can enjoy a great view of the Brisbane River, while still being close enough to drive to Brisbane's CBD in just 10 minutes.
● Location: 2 km south-east of Brisbane CBD
● Median Property Price: $735,500 (House) | $412,544 (Unit)
● Projected Gross Yield: +3.5% (House) | +5.7% (House)
Transportation and vicinity to Brisbane CBD attract many people to live in the low-lying suburb of Woolloongabba. It is a mere 6-minute car drive or 12-minute bus ride to the city.
Apart from its strategic location, investors are also attracted to the suburb's property market. Woolloongabba is among the last industrial suburbs that are a stone's throw away from Brisbane CBD. It plays host to a wide range of industries and accommodation types, allowing younger couples and working individuals are finding a home here. This creates a higher demand for housing types which property investors can capitalise on in the future.
● Location: 40 km south of Brisbane CBD
● Median House Price: $436,000 (House)
● Projected Gross Yield: +4.8% (House)
Unlike most suburbs on this list, Logan Reserve is highly rural with a small population peaking at 2,200. It's a quiet suburb chosen by established families or older couples to make their home or retire, respectively.
So, what makes Logan Reserve a Brisbane property hotspot?
Well, more and more families are seriously looking into quiet places to grow their families. There is also a growing demand for retirement properties in Australia, which many of the housing options in Logan Reserve offers.
● Location: 10 km south-east of Brisbane CBD
● Median House Price: $655,000 (House) | $440,000 (Unit)
● Projected Gross Yield: +3.6% (House) | +5.0% (Unit)
This suburb takes its name from one of Brisbane's known rises--Mount Gravatt. The Mount Gravatt suburb is also among the largest and most populated in Brisbane, QLD.
Mount Gravatt is majority composed of younger, middle-income families. A sizeable part of the population is also composed of older students and working professionals who need rental areas, making it a suitable place to invest in property.
With that, you now know the top five Brisbane property hotspots to should look out for. Before finalising any property investment, do your homework first. Scope out the suburb and choose your desired housing type carefully. This way, you can make the most of your investment and maximise the returns on your investment.
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