Five inner city Brisbane suburbs tipped: Place Estate Agents
Experts are increasingly saying that Brisbane is the city to watch this year, and so it's not surprising that the predictions are coming rolling in as to the specific suburbs to buy into. Where Logan was the investor favourite last year, Lachlan Walker, Place Advisory Director, said that his suburb picks are actually those in the inner city.
He tipped the following for growth:
2) Newstead
3) Spring Hill
4) Kelvin Grove
5) West End
Walker said that these are about good old fashioned common sense, with an investor just needing to think about what they would want in an area themselves to quickly find out what would be desirable for a prospective tenant.
“The suburbs we’ve picked are likely to meet the key investment criteria over the coming years, which is proximity to the following things – the CBD; public transport; retail and entertainment options; parks, walkways and bike paths; and educational facilities," he said.
“These areas will artfully balance gentrification with green space, lifestyle options with employment opportunities and walkable amenity with an abundance of transport options.”
While each of the locations he has tipped have different aspects, he noted that the key criteria will consistently perform as they remain attractive to future buyers.
“Put simply, people are always attracted to blue and green; parks and rivers,” he said.
“Whether for aesthetics or practicality, these natural components will always be more appealing than built up industrial areas."
With traffic worsening in Brisbane, this is also fast becoming a consideration with the river providing another alternative away from the roads.
“A good location is the bread and butter when it comes to securing a profitable investment,” he said.
“The first step every investor needs to take when determining whether a precinct will be the home of a successful investment is to ask the question: what makes people choose one area over another?”
Which areas in Brisbane are you expecting growth from?