Where people want to live, how they want to live, and how much they can afford to spend on an investment property will determine the direction of the Brisbane buyers agent market, just as they have done everywhere else in Australia.
We only recommend places to our property investors where the average income growth rate is higher than the national average. These are often the neighbourhoods of “old money” or the upscale new suburbs.
Think about it; people in these areas will have more spare income and can afford (and should be willing to pay) a higher rent or mortgage. Inner and middle-ring Brisbane suburbs are seeing gentrification as affluent people migrate there.
Houses and townhomes in these suburbs property market provide excellent property investment options. Often, the post-Covid neighbourhood, also known as the Third Place, is growing in significance.
While our homes and places of employment have a special place in our hearts, many Australians found themselves unable to visit a third location during the Covid crisis. If searching for property in Australia look no further visit buyers agency
Understanding the Third-Place Concept
At buyers agency Brisbane, we do educate people that, a Third place can be anything from a regular hangout to a place of worship to a favourite coffee shop to a watering hole. People yearned for that familiar sensation and the companionship it brought, for a way to temporarily escape from their everyday lives at home or at the office and start again.
No longer may one go for a ride or stroll along one’s preferred path of greenery and fresh air; instead, one can go to a gym or cycling studio.
Consequently, the sum of these attributes is going to be crucial to the Brisbane property market, driving up demand substantially. The 20-minute neighbourhood, designed with ease in mind, will have all of these elements.
How convenient it would be if everything you need to get through the day was within easy walking distance! but before buying any property you study the major dangers of property investment.
The 20-minute neighbourhood for Investment Property
An idea popularised in urban planning circles, the “20-minute neighbourhood” refers to the radius within which a person may walk in 20 minutes. Our buyer’s agents’ knowledge of these characteristics is an integral element of the research data we use at our Brisbane Buyers Agents to assist our customers in locating high-quality houses and investments.
To have our unbiased, experienced staff at Buyers Agency Brisbane on your side as you navigate the confusing information surrounding the Brisbane property market, get in touch with any of our buyer’s agents.
Overall, the suburbs of Queensland display a wide variety of results, illuminating the wide variety of housing stock across the state and suggesting that the next twenty-five years will be just as varied.
Many Buyers Agents in Brisbane believe that properties in close proximity to desirable school districts command higher prices.
Catchment areas around elementary and secondary schools have outperformed the market and are expected to continue doing so.
Whether you are planning a family, have children now enrolled in school, or are an investor trying to attract long-term, quality renters, it may be helpful to consider school catchment zones while deciding on suburbs of interest.
Potentially Beneficial Places In Brisbane Property Market to Invest.
The long-term success of a suburb depends largely on its proximity to the city centre. Our data at Buyers Agency Brisbane indicates that waterfront and central business district properties appreciate at a higher rate than inland and waterless properties.
Long-haul suburbs reasonably close to the CBD, where demand is high, close to employment, where most people want to live, and where there’s no land available for release, have outperformed the outer suburbs.
Gentrification, one of the most major developments to occur in Australian cities over the past 50 years, has increased property values in both inner and middle-ring suburbs.
Interestingly, this is not the outcome of any conscious planning scheme, but rather a universal trend visible in all major capitals throughout the world.
Our inner suburbs, where property prices and rents were initially cheaper than in the suburbs, have been gentrified as a result of the flight of industry, immigration, and a large number of employees.
Later, when people got married later and had fewer children, the growing number of professionals who needed to live in or near the Central Business District (CBD) found that smaller homes or flats in the inner suburbs met their needs.
More and more Australians are leaving their suburban backyards in favour of the city because of the increased range of employment, schools, and cultural activities available there.
There are certain suburbs that are actively exploring investment opportunities
Keperra
First, there is a sizable share of individuals who either do not rent but have a mortgage or are in the process of paying off theirs. The median weekly family income in Queensland has been higher than the state average for quite some time, but it has recently begun to increase at an even faster rate.
The Queensland Government predicts that the health care and social assistance industry, which includes many other related fields, will be the fastest-growing sector in Brisbane over the next few years; this is good news because the population in Brisbane is getting older, so the demand for health care professionals is expected to increase.
When people have more money coming in and know they have a job for the foreseeable future, they may put more money towards their houses without feeling financially strained.
In addition, Keperra is located near a railway station; according to a study conducted by Matusik, the value of Brisbane neighbourhoods that are in close proximity to the city’s rail system has increased by a factor of 40% in the past decade.
While Brisbane has had annual growth of roughly 25% over the past 5 years, Keperra has seen growth of over 30% during the same period. The future is promising, and you may earn a lot of money if you know where to discover the best pockets.
West Chermside
As low-income homes and seniors leave, this neighbourhood is quickly being redeveloped to attract young families interested in living within the Craigslea State School attendance zone.
Because of its proximity to the developing Satellite City of neighbouring Chermside, the neighbourhood also attracts medical experts because of its two hospitals.
While many investors are drawn to Chermside, we think the area of Chermside West is the better buy due to its superior demographics, a larger number of owner-occupants, and top-notch schools. You may enjoy the perks of living in modernised Chermside without having a high-rise or commercial establishment next door.
Even the stats tell the tale, with a 36% increase over the past five years, which is significantly more than the average for Brisbane.
In addition to these entry-level suburbs, you may also want to keep a watch on the following locales: Stafford Heights, Mitchelton, and Everton Park
The Cannon Hill
Wages have increased dramatically over the past decade, from being nearly on par with the Queensland average in 1991 to now, and we anticipate this trend to continue.
As before, there are more people living in the area who own their homes entirely or have paid off their mortgages.
It’s close to our key employment centres and offers a lot of the amenities a family may want, such as good schools, parks, a bus line, and a rail line.
Since many larger blocks have been split throughout the years, the land is at a premium. There is also a large movement towards low-maintenance housing.
Cannon Hill is the closest southern neighbourhood to benefit from the growth of the Brisbane Airport area, and it is also conveniently located near our rapidly growing central business district.
Also, in the previous five years, the area has had an average growth of about 30%. Other suburbs in the middle-ring to keep an eye on include Holland Park, Tarragindi, Toowong, and Kedron.
Ashgrove
A large percentage of the population now works in the service sector, and the per capita income is rising rapidly, soon to be double the Queensland average.
Given that most residents are between the ages of 40 and 59, families with children are a priority here, and the area is home to some of the most prestigious educational institutions in all Brisbane.
It’s struck a fantastic balance for an inner-city site, thanks to its lush, green vibe, walking pathways and tracks, enough green space, and a handful of bigger character houses that have been restored and rebuilt.
In addition, during the past five years, demand for areas with convenient access to stores and lifestyle precincts that are easily accessible on foot has increased by more than 36 per cent.
Conclusion
To know the best timing for the right property in the Brisbane property market, and when to take the best opportunity in property purchase, our buyer’s agent recommends that you follow the right approach for your dream property. Contact the best buyers agency in Brisbane for the best results.
At buyers agency Australia, we always have the interest of our clients at the centre of our operations. Working with our experts at Buyers Agency Brisbane, you can rest assured you are getting the best deals.
Related: Entering the Brisbane Property Market: Tips From a Buyers Agent, Brisbane
