Domain has just revealed a list of the top performing Brisbane suburbs over the last decade.
And the winners are…
Brisbane’s 10-year growth (houses, 2008-2018)
|Suburb||Median price 2018||Median price 2008||Growth|
|Upper Mount Gravatt||$649,000||$419,500||54.7%|
Source: Domain Group
So What Can We Learn From This List?
Despite fears of an impending property crash, these figures reveal some key fundamentals for investing in property.
Regardless of whether you’re a beginner or an expert property investor, embracing these concepts will create more investment wealth for you and your family.
So without further ado…
Suburbs in Transformation
If you take a closer look at the suburbs, you’ll notice that many of them are in the process of urban renewal.
When it comes to purchasing an investment property, consider buying in an area that is in the process of being transformed. Upgrades to local infrastructure and services can have a huge impact on the value and desirability of your property. Buy near key services and amenity, and you’ll never struggle to find tenants.
Many of these top suburbs are also located within the catchments of quality schools.
School catchments of well-performing schools are magnets to families, especially as the cost of living continues to rise and parents want to give their children the best education possible.
If you’re an investor, considering investing in property close to quality schools and universities. Not only are you likely to see capital gains, but properties near schools often see superior rents and longer tenancies.
To find out Australia’s best performing schools and where they’re located, check out the Better Education website.
These top suburbs also have access to lifestyle precincts, public transport, green spaces, amenity… all usually within walking distance.
People don’t want to spend more time in their cars, traveling long distances for coffee or dinners out.
They want easy, convenient access to everything.
As an investor, consider buying property in areas with high levels of convenience and liveability. Purchase property close to shops, cafes and restaurants, public transport, and parklands. All these things are highly desirable, particularly by renters moving interstate from New South Wales and Victoria.
Looking To Purchase An Investment Property In Brisbane?
Talk to the team at Adpen! We specialise in developing highly sought-after properties in key locations across South East Queensland.