The inner-northern suburbs of Brisbane will offer the best prospects for capital growth and rental returns in the city, according to Position Property.
Areas such as Wilston, Newmarket and are recording amongst the best performances in Brisbane’s housing market, which is now moving solidly through a recovery mode, according to Richard Lawrence, director of Position Property., ,
Mr Lawrence said suburbs within a 10-kilometre radius of the city centre, particularly in the “inner-north wealth belt” would continue to offer the best potential for investors.
“There is a great deal of optimism for these areas which offer excellent proximity to the CBD, good transport and very fashionable levels of residential infrastructure,” he said.
“Albion and surrounding suburbs are bringing renewed energy into the Brisbane market due to their prestige, convenience, village ambience, great lifestyle and excellent facilities.''
Mr Lawrence said Brisbane City Council's focus on Albion and its surrounds under its urban renewal program would further add to the area's appeal.
He said the council is working closely with the local community and property owners to create a plan that provides a greater and more diverse range of employment, residential uses, entertainment, recreation opportunities and services.