Brighter Buying

Market update: Investors tipped to watch northern corridor suburbs

by Dan D'Silva, Property Consultant 30 March 2023

Growing rental demand is flipping investor behaviour on its head with unlikely suburbs tipped to attract investor attention in 2023.

The inner city unit market has seen a turnaround, while closer to our home here in Aspley, two family friendly suburbs are tipped to lure landlords, according to the Herron Todd White Month in Review report for March.

“Up until recently we’d seen very limited investor activity throughout middle to outer suburbs such as Bridgeman Downs and McDowall,” reports Herron Todd White.

“Fringe suburbs such as Lawnton and Bray Park and even moving further through to the outer northern corridor such as Burpengary or Narangba are the suburbs where you’ll traditionally see more investor activity. However, there is strong demand from renters, so perhaps investors will be making themselves more known as 2023 progresses.”

Further north Herron Todd White suggests investors should look for “the right fundamentals” in affordable suburbs including Strathpine, Kallangur and Lawnton where rents are likely to continue rising and so should capital growth over the long term.

In a turnaround from the doom days of oversupply, investor activity has also picked up in the Brisbane inner city unit market. Herron Todd White suggests best growth potential lies with units that appeal to owner occupiers and investors alike. They point buyers to unit listings for Brisbane City, Bowen Hills and Fortitude Valley north of the river.

For investors who are finance ready, now is a good time to buy. Prices below the 2022 peak, and strong rents, are combining to offer landlords particularly favourable yields.

Looking to invest while buying conditions are good?  View our current listings for sale or talk to us about landlording.