In case you haven’t noticed Brisbane’s major arterials are getting busier.
While Brisbane has been very proactive over the last decade, building a number of tunnels to reduce congestion, it is now official – the benefits are over.
Brisbane urban planning specialist Matthew Burke (from Griffith University) has stated that Brisbane no longer receives congestion-busting benefits from its three underground tunnels.
We are officially back to square one!
This is not good news for commuters as experts tip another 500,000 cars on our roads by the end of the decade!
But it will represent an opportunity for savvy property investors, as our roads get busier and demand for easier and shorter commutes to the CBD intensifies.
Here is a suburb that must be on your radar;
Entry Level Low $500,000’s. Keperra
Keperra is a gentrifying suburb around 9km north west from the Brisbane CBD.
This area has a high owner occupier percentage and as retirees and lower socio-economic residents move out of the area, young entry levels families are taking their places.
Attracted by an array of good schools and lush green space with good access to major shopping precincts and cafe strips, they then look to upgrade and improve the homes in the area.
There are 2-3 easy access train stations that line the suburb, and this is a huge drawcard for current and future demand and why we like this suburb.
You can be in the CBD in just over half an hour by train, almost half the time it takes to drive during peak hour and drive times will get longer and uglier as traffic volume increases.
Demand will rise rapidly for train lines as commute times double and triple before the decade is out and this is a great entry level suburb as it also has many other strong investment fundamentals.
With an end of the decade long benefits of Brisbane tunnels easing traffic congestion, our roads are set to get significantly busier as the decade plays out.
Experts are predicting another 500,000 cars on our roads as our population continues to rise.
As commute times get longer and longer there will be a time where the option of a shorter trip via public transport starts to look like a no brainer.
This is an opportunity for homeowners and investors to get a head of the curve and buy in locations with strong existing networks or new modern public transport options.
There is no question – demand will soar!
Of course, keep in mind strong investment fundamentals like large employment hubs, school catchments, lifestyle precincts and walkability, combined with a scarcity of land.
If you can re set the goal posts for a new decade and understand what is going to be in demand moving forward, you will be in the box seat!
Thanks to the team at Property Update for the information.