Some very impressive results here.
Now we are not suggesting the same amount of growth will occur in the next 20 years, but it would be nice to know what attributes these suburbs had that may have contributed to such great results.
What do these suburbs have in common?
- 80% of these Suburbs are located within 10km of the Brisbane CBD.
- 80% of these suburbs have a train line
- 80% of these suburbs have a highly desirable school catchment
- All of these suburbs have incomes well above the Queensland average
For those that know these suburbs more than half of them have all 4 of these key drivers – why fight the big trends?
From these suburbs we start to see some clusters of suburbs. On the southside Bulimba, Hawthorne, Morningside, Cannon Hill and Murarrie are all in close proximity.
On the northside there is the Windsor, Grange, Kedron, Stafford group of suburbs and then the Sandgate, Deagon, Nudgee group.
We have spoken previously about the effect of Gentrification
Six stages of a Suburb gentrification and
Gentrification Growing Beyond CBDs – Is your Suburb one?
and that may be in play here as well.
The good news is that especially on the northside there are neighbouring suburbs that are likely to be beneficiaries of this type of growth moving forward.
Suburbs like, Alderley, Everton Park, Wavell Heights, Stafford Heights, and a little further out, Banyo, Virginia and Boondall seem to be primed for the future.
How long is your investment horizon?
With a whopping 400%+ in growth, surely this sends a message that the old adage of “time in” the market is far more important than “timing” the market!
With interest rates at an all time low, maybe it is a good time to consider that investment property purchase.
Talk to the team at Madeleine Hicks Real Estate about opportunities that exists today.
Check out the full list, courtesy of Property Update.