The good news for Brissie buyers is that our market is tipped for steady growth this year.
But not all suburbs and properties are equal when it comes to growth prospects.
The latest residential market review from valuers Herron Todd White (HTW) offers some tips on which burbs they think are likely to offer good value buying now with solid growth in the future.
As a general rule, HTW recommends buying detaching housing as close to the city as your budget will let you, reports Your Investment Property magazine.
“The basics indicate that buying a detached home within reasonable proximity of the city as best you can afford will be the surest approach this year,” reports HTW. “The flex points are you can travel further out but be nearby to public transport options, major services, and employment centres.”
So how can you narrow it down to a suburb, then a property?
HTW has compiled a list of potential hot spots where today’s budget buy could be tomorrow’s golden goose.
This is a starting point only. The growth prospects of particular properties can vary widely even within the same suburb or street, depending on the property type and proximity to conveniences (or inconveniences).
Do your research with local agents because they’ll have a good knowledge of their patch and can give you local insights on the types of properties that stay in demand and hold their value well over the long term.
Check out these suburbs for long term growth potential.
For the bargain buyers amongst you, HTW says check out these affordable hot spots:
- Acacia Ridge
If you have a bit more cash to splash you’ll find Brisbane’s perennially popular middle ring is the way to go. Check out:
- Stafford Heights
- Chapel Hill
- Holland Park
- Carina Heights