Each year Your Investment Property Magazine publishes a feature on Australia’s top 100 suburbs for the year ahead.
These are 5 of the suburbs in QLD with growth potential for 2014 and beyond.
MT Gravatt QLD
- Location: 4km southeast of Brisbane CBD
- Median house price: $435,000
- Rental yield: 5.1%
- Vacancy rate: 1.9%
- 12-month price growth: 2%
With an estimated 156,000 homes required in Brisbane over the next 15 years Mount Gravatt will become and increasingly popular inner city suburb.
Transport upgrades and shopping centres, the natural environment and strong demand supportthe business case for Mount Gravatt.
- Location: 21km southeast of Brisbane CBD
- Median house price: $400,000
- Rental yield: 5%
- Vacancy rate: 1.5%
- 12-month price growth: 2%
Based between Ipswich and Mount Gravatt, Springwood has strong commercial investment in its town centre and increasing commercial activity to the southeast.
The fact that median house prices remain $50,000 below those of neighbouring Brisbane suburbs may lead to a gradual price rise, as young professional move to the area.
West Rockhampton QLD
- 638km northwest of Brisbane
- Median house price: $258,000
- Rental yield: 7%
- Vacancy rate: 2.7%
- 12-month price growth: -2%
Often neglected in favour of areas like Mackay and Gladstone, West Rockhampton sits above the flood plane. West Rockhampton’s median house price of $258,000 is well below Gladstone and Mackay, where houses often sell in the 400,000’s.
This area has experienced a significant population increase over the last 10 years and continues to feed a number of key mining towns.
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South Toowoomba QLD
- Location: 127km west of Brisbane CBD
- Median house price: $276,750
- Rental yield: 5.3%
- Vacancy rate: 1.3%
- 12-month price growth: 6%
With the title of Australia’s largest inland city many Australia’s don’t realise the scale of what’s going on in Toowoomba.
A combination of infrastructure upgrades, employment activity and soaring employment growth may result in positive opportunities for property investors.
PRDNationwide research analyst, Aaron Maskrey said the combination of a strong sales history and low interest rates is resulting in price growth in Toowoomba.
With prices already on the move, look for three bedroom properties on big blocks, away from the rail line.
- Location: 95km north of Brisbane
- Median house price: $450,000
- Rental yield: 4.4%
- Vacancy rate: 1.2%
- 12-month price growth: 10% Minyama, – 21% Buddina
Until recently the Sunshine Coast has been loaded with an oversupply of properties and falling house prices during the GFC.
With the Sunshine Coast Public University Hospital injecting 21,000 new jobs into the area you can expect an upward pressure on housing supply. This pressure is already fuelling housing sales, with the average house sitting on the market for just 6 weeks.
The information provided in this blog is of a general nature only and in no way constitutes legal or professional advice, or specific advice in relation to any finance. In all cases we recommend you receive professional financial advice for your own personal circumstances.