Moreton Bay Regional Council is in negotiations to buy the old Petrie Paper Mill site to create southeast Queensland’s newest public university, according to a recent report on Brisbane Times. The 200 hectare site houses Petrie train station, providing easy access for students along the Caboolture line, which runs right through north Brisbane heartland suburbs including Zillmere, Geebung and Virginia to name a few.
So how excited should crystal ball gazers get? The cautious investor will wait until the university progresses from an idea to a reality. But you may do well to start your research early by educating yourself on the student accommodation market.
In Brisbane almost half of all university students live in share accommodation, according to Your Investment Property magazine, which explains how you can get an A+ in the student market and also warns of some pitfalls. If you’re interested in the student market but don’t want to wait for Petrie to graduate to a university town, why not consider investing near existing universities.
Brisbane’s north already houses the Australian Catholic University campus at Banyo and QUT at Kelvin Grove, so you can put your education into practice today.