Brisbane is not the only market in South East Queensland where investors can find great investment potential. Across the South East, agencies like Templeton Property Australia are reporting the rise of many up and coming suburbs, some of which are outperforming the rest of the market – state and nationwide.
Brisbane’s Northern Suburbs
With their close proximity to rail and road links including a rail line north to the Sunshine Coast and the Gateway Motorway, many of Brisbane’s northern suburbs are undergoing considerable capital growth. This is fuelled by a number of factors, including good employment hubs such as Brisbane Airport and Trade Coast, several important shopping centres, the port of Brisbane as well as a number of key hospitals and schools.
Chermside, Aspley and Nundah all approximately 10kms from Brisbane’s CBD have all experienced rising number of property sales over consecutive quarters as well as a growing unit market. The median unit price in Chermside (considered itself as a mini CBD) was $387,000, while Nundah sat at $380,000 – relatively affordable by comparison to many other areas of Brisbane the same distance from the CBD. Combine the affordable dwellings with good employment and transport links, and you have 3 of Brisbane’s up and coming neighbourhoods.
Ipswich Local Government AreaThe Ipswich Local Government Area also has a number of exciting growth hotspots with especially good value to be found by first home buyers. The market is tipped to grow on the back of big-ticket infrastructure plans including the Ipswich Motorway Upgrade, the $1.5 million Springfield Railway Link and expansions to large industrial estates and shopping centres.
Up until 2009, suburbs in the Ipswich basin experienced the strongest capital growth averages of the greater Brisbane metropolitan region. With 2 bedroom homes being sold for $250,000 in North Ipswich and annual growth of 6 per cent in Redbank Plains and Goodna, there is some great value to be had in the Ipswich LGA and some attractive growth prospects
Logan’s Daisy Hill, Beenleigh and Loganlea
Situated midway between the Gold Coast and Brisbane, the Logan City area represents some of the most affordable options for buyers and investors alike with reliable capital growth prospects in several of the suburbs.
Based on the diverse range of industries and employment, as well as good access to rail and road links both north and south, there is a number of suburbs experiencing urban renewal. Daisy Hill, Beenleigh and Loganlea all have experienced steady growth rates and above average rental yields, making them attractive options for investors.
Kawana Waters on the Sunshine Coast
Kawana Waters is in the heart of the Sunshine Coast and is the pick of suburbs for growth. The region is entering a long overdue growth phase after a slow local economy. The new $2 billion Sunshine Coast University hospital will be built at Kawana Waters. The suburb is located next to the beach and between the key cities of Mooloolaba and Caloundra. The local invest and surrounding amenities makes it the pick of the bunch for up and coming suburbs in the region.
With a range of different price points and lifestyles available, all of these 10 growth suburbs are characterised by strong growth potential, future infrastructure and solid employment prospects.