Eight Mile Plains, Runcorn get Brisbane property investment nod: HTW

Brisbane suburbs Eight Mile Plains and Runcorn are heating up as investment locations within the suburban Brisbane housing ring greater then 10km from the CBD.

The Herron Todd White July 2015 Month In Review said the previously 'unsexy' addresses appeal to enters and are affordable given the rarity of investment options now available in suburbs such as Salisbury, Stafford and Keperra. An average 1980s brick 3 bedder in Eight Mile Plains is currently let for $430 per week - a gross yield of around 4.5%

Brighton, Sandgate, Deagon, Boondall, Taigum or Backen Ridge were also mentioned as spots where sub-$500,000 investments can still be found.

Attached 2 bedroom units can be found in Coorparoo, Greenslopes and Annerley from between $300,000 to $400,000. 

The report red flagged purchasing new units developed to lure investors in areas of possible oversupply.