Well we have known this for a long time now, but it seems the property experts are catching on as well.
New research from Property Update has identified the top 2 and next 3 best suburbs for investors in Brisbane.
Keperra and Chermside West , these suburbs sit around 9-10km from Brisbane CBD.
The appealing thing about Keperra for investors gets down to the Demographics.
Firstly, nearly two-thirds of people own or are paying off a mortgage, a high owner occupier percentage.
Weekly Family Income has continually hovered above the Queensland average but in recent years, it has started to move even further ahead.
The most common Occupation in this location is Health Care and Social and according to the Queensland Government, this is going to be the fastest-growing sector in Brisbane over the next few years and with our ageing population, there will always be work.
These higher incomes and job certainty, mean that people will have more to spend on their homes and be much more comfortable in doing so.
Adding to that, Keperra is also a train station suburb and according to Matusik research, suburbs close to rail have grown 40% more in value over the last decade in Brisbane.
In the last 5 years, while Brisbane has averaged around 25%, Keperra has almost 30% in the same time.
The future is bright and if you know where to find the superior pockets, you will be handsomely rewarded.
Chermside West has very similar Demographics.
Income and Occupation are very similar and the owner-occupier percentage is almost 80%!.
We are seeing this suburb really gentrifying as social housing and retirees move out, they are being replaced by younger professionals who are targeting the nearby Craigslea State School catchment.
The suburb also boasts two hospitals that draw health care professionals to the area and it benefits from the development of neighbour Chermside into a type of Satellite City.
While many investors are attracted to Chermside, we would prefer Chermside West, with its favourable Demographics, higher owner occupier percentage, and superior school zone.
You also get all the benefits of all the Chermside upgrading without having high rise and business on your doorstep.
The numbers tell the story here also with a rise of 36% over the last 5 years, well above the Brisbane average.
Other Entry-level suburbs to keep an eye on;
So if you are looking to Invest in any of these suburbs then give us a call we probably will have something ideal fo you. Remember once you have secured your investment property then the team at MHRE can expertly manage the property to ensure you get the best return possible.