Brighter Buying

#3 Northside suburbs tipped to attract southern investor dollars

by Kate Watt, Marketing Manager 17 February 2017

Last week we reported a great southern migration was under way as Sydney-siders flock to Brisbane looking to nab a property bargain.

But where exactly are they buying? It’s closer than you think.

Several Brisbane agents have told Domain they’re seeing a flurry of interest in Brisbane’s middle ring suburbs, including Aspley, Geebung and Wavell Heights.

It’s a trend we’ve also been watching unfold over the past year.

Houses on large blocks in Apsley and Wavell have been attracting investors willing to pay upwards of $500,000 – even if they’re getting a lower yield.

Good transport links to the city and the mega-renovations under way at Chermside Westfield continue to make this northside pocket popular for investors and owner occupiers.

If you want to get in on the middle ring action, it’s best to get your finances in order. We’ve seen Sydney and Melbourne buyers arriving in Brisbane with pre-approval for loans of up to $1 million.

This is making the $500,000 to $700,000 market highly competitive, especially with the southern state markets now coming off the boil.

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