Investors who purchase in Queensland’s Birkdale should see impressive returns in the next 12 months, as a chronic undersupply of land and increasing owner-occupier appeal combine to force prices upwards, according to one buyer’s agent.
Birkdale, in the Redland City Local Government Area (LGA), is approximately 20 kilometres from the Brisbane CBD and offers investors promising prospects for the year ahead, Julie Beck, director of Hatch Property told Smart Property Investment.
“Capital growth will be accelerated when you have a limited supply of a desirable product appealing to both owner-occupiers and investors,” she said.
“Supply of new land is chronically limited in the established Bayside suburbs. With its enviable lifestyle, Birkdale is favourably positioned to deliver solid capital growth over the next 12 months.”
Ms Beck said if investors went into the suburb with a five per cent deposit, they could double their investment within 12 months, provided they selected the right property.
“Based on a deposit of five per cent, my pick would be a house and land package for approximately $540,000 in a small infill subdivision with only 35 lots, which are highly sought after by local owner-occupiers,” she said.
The suburb has a number of key growth drivers which should ensure the suburb delivers investors solid returns in the months and years ahead, according to Ms Beck.
“Birkdale is less than 20 kilometres from the Brisbane CBD. It is well serviced by shopping centres, including Capalaba Central and Carindale Westfield. Birkdale also offers easy access to a multitude of educational facilities such as early learning schools, high schools and the Moreton Institute of TAFE,” she said.
“Birkdale has a reliable train and bus network and three major access roads, making it easy to visit the city, Moreton Bay or the many attractions in the Redlands region.”