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Hello Northside Property Investor

I have just read the below article about the Northside investment market, and would have to say that we have seen large growth in new management in Aspley, Banyo, Bracken Ridge, Kedron, Lutwyche and Stafford.

If you are looking for an investment property then I would check out the above suburbs, over 30 new managements from owners selling in the past couple of months.

We have found securing good tenants in these areas easy with good returns.

If you would like a free rental appraisal on any potential purchase, please feel free to contact me.

Russell Peter
Principal/Property Manager
Mobile 0406 743 965
Email: russell@purerentals.com.au

 

Northside to lead Brisbane’s property recovery, analysts say

Property analysts say investors who will likely lead the charge back into property this year will do so in Brisbane’s northern suburbs.

Australian Property Investor magazine this week released its annual Hot 100 issue, naming Brisbane’s investment hotspots.

‘‘We’ve noticed a shift back towards metropolitan areas when it comes to investment potential, in comparison to previous years,” API deputy editor Shannon Molloy said.

Ashgrove, in the city’s inner-north, topped the list of investor hotspots in Brisbane.

Dominated by post-war homes just a stone’s throw northwest of Brisbane’s CBD, Ashgrove’s median house price has risen to $656,000.

Aspley made the list for its affordability.

Packed with post-1960s houses on good-sized allotments, Aspley has long-appealed to the affordable end of the market seeking ready access to services and facilities and good road transport.

Mr Molloy said suburbs including Woolloongabba and Stafford were set to benefit from recent transport upgrades.

“Affordability is still a factor, so cheaper areas like Holland Park and Indooroopilly also make the list,” he said.

Gentrification potential was driving the outlook for suburbs like Morningside, Nundah and Moorooka.

Renewed confidence in real estate would likely draw out renovators and small developers, and pockets like these will benefit, Mr Molloy said.

Top 10 Investor Hotspots in Brisbane

  • Ashgrove $656,000 (median house price)
  • Aspley $460,000
  • Banyo $358,000
  • Bracken Ridge $399,000
  • Coorparoo $575,000
  • Dutton Park $660,000
  • Gaythorne $468,000
  • Grange, Kedron, Lutwyche, Stafford $661,000
  • Greenslopes $543,000
  • Holland Park $500,000

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