Top Suburbs around the Brisbane for Potential Property Investors

The decision of buying a property in Brisbane for long-run investment can be determined depending on various factors. Being a property investor, it is your responsibility to consider all the influential factors including the latest market trends, growth in property prices and fluctuating rental yields. According to the CoreLogic, the growth of property prices in Brisbane has been relatively constant for the last three years. The Brisbane recorded a property price growth of only 2.9 per cent up till September 2017. However, there is still an oversupply of residential properties that are close to the CBD, but the demand is pretty consistent.  In addition to the price growth, the experts are predicting that the prices will rise in the next few years. If you want to get the most out of your investment, then do thorough market research and buy an investment property in a suburb that can offer you higher rental yields and capital growth for a long run. Here are some suburbs in Outer Brisbane that you should look into:

Burpengary

It is a small town and well-developed suburb in the Moreton Bay Region, Queensland, which is 35 kilometres away from the Brisbane CBD. With a median house price increase of 11.8 per cent in the last 12 months, Burpengary has become one of the fastest growing residential areas in Queensland. According to the recent stats, the median house price is $457,000 with the gross rental yield of 4.52% and the median unit price is $254,000 with a gross rental return of 6.14 per cent. That means investing in Burpengary property market can be an ideal decision for your long-run investment goals.

Springfield

Springfield is a beautiful suburb of Ipswich, Queensland, Australia. The suburb is connected to the Brisbane CBD via the Centenary Motorway and the Springfield railway line. Over the last few years, Springfield has seen a huge growth in the infrastructure sector. Being considered as a satellite centre, Springfield hosts all the amenities that automatically drive the interest of potential property investors. The suburb is witnessing a steady but positive growth in median property prices and is expected to become one of the hottest spots for property investment across the Queensland. Tip: If you are investing in a property for the first time, then try to avoid common mistakes while investing your residential property around the Brisbane.

Leichhardt

Leichhardt is a developed suburb of Ipswich, Queensland that has seen a steady boost in property prices over the past five years. The median price of a house is $1,520,000 with the annual capital growth of 8.57%. On the other hand, the median unit price is $1,000,000 with an annual capital growth of 7.20% - which is pretty good for those who are planning for property investment.

Conclusion

Although property prices have been stagnant in Brisbane for the last 5-10 years, experts believe that it will improve in the next 2-3 years. According to research by QBE, properties could see a capital growth of around 7% by the end of 2020. So, this is the right time to take your property investment decision and reap the benefits throughout your life.