A new report has identified three Brisbane suburbs offering steady, long-term investment gains.
“This suburb typically provides 1980s units with larger living areas than newer units, and it’s close to all necessary services and infrastructure, making for good demand from buyers and tenants,” the report stated.
The report urged investors in Brisbane to stick within 10 kilometres of the CBD and close to transport hubs.
“We are a spread out city and we like our cars, but that means we also get our fair share of traffic. Being close to transport infrastructure is a big plus,” the report stated.
Access to lifestyle facilities, as well as nearby schools, universities and hospitals, were also identified as crucial factors.
In Brisbane, investors should also seek to identify local ‘hubs’ where town planning efforts have created new population centres in the suburbs.
“Mt Gravatt and Chermside come to mind. Mostly concentrated around a major shopping centre, these areas will see increasing amounts of higher density residential development and comprehensive commercial being created – all helping to boost established property prices,” the report stated.
Overall, Brisbane is a less volatile market than other cities, according to Herron Todd White.
“We have had periods of extraordinary growth and painful loss, but the extreme value waves Brisbane ride are often dwarfed by more dramatic capitals,” the report said.