Property investment in Brisbane remains a hot topic in the real estate industry. Given the city’s growing economy, strategic location, and appealing lifestyle, it’s no wonder investors are flocking to the region. This comprehensive guide uncovers Brisbane’s top 10 emerging hotspots for property investment in 2023.
Ipswich City, situated near the Brisbane CBD and the airport precinct, is an attractive investment destination. Significant infrastructure developments, such as the improvements to the Warrego and Cunningham Highways and the Ipswich Motorway, bolster the city’s growth.
Ipswich City has shown a strong price growth history, with prices rising significantly in the five years leading up to 2009. The city is now poised for another period of growth, following significant increases in sales activity in 2021 and the first half of 2022.
The ‘Olympic Precinct’ Suburbs
Suburbs in the ‘Olympic Precinct’ are already experiencing the benefits of the massive construction associated with the multi-billion-dollar economic development known as Australia TradeCoast.
Research indicates that suburbs closest to the major event venues experience the greatest uplift in property prices. This suggests that Brisbane suburbs such as Ascot, Wilston, and Highgate Hill are in high demand and will likely increase property values, leading to the 2032 Olympic Games.
Southern Moreton Bay Islands
The Southern Moreton Bay Islands offer a significant lifestyle appeal at a much lower price than nearby suburbs. This affordability and the islands’ natural beauty have resulted in solid buyer demand over the past two years.
The islands have experienced steady price growth over the past few years, making them an attractive prospect for long-term investors.
Logan City is one of Queensland’s fastest-growing communities. With two of Queensland’s Priority Development Areas at Greater Flagstone and Yarrabilba, Logan City will experience a property demand boom.
Logan City is predicted to reap substantial benefits from the ongoing infrastructure projects totalling $18bn, making it a hotspot for property investment in Brisbane.
Moreton Bay Region
Moreton Bay Region’s coastal towns, beaches, and proximity to the city make it an ideal option for property investors. The region is one of the highest-growth LGAs in Australia. It is predicted to have a population exceeding that of Tasmania by 2032.
With its affordable prices and easy access to central employment nodes, lifestyle precincts, and amenities, the Moreton Bay Region is popular with first-time buyers, families, and investors, indicating a potential for robust growth over 2023.
Teneriffe, an inner-city suburb of Brisbane, boasts premium lifestyle precincts, high walkability, low commute times, and excellent school catchments.
With its plethora of desirable features, Teneriffe has all the ingredients for a solid investment, making it an ideal location for property investment in Brisbane.
New Farm is a desirable residential and riverside neighbourhood in Brisbane. Its village vibe and wealth of conveniences, schools, and transport links have built a strong demand for property in this area.
Given the suburb’s attractiveness and the consistent demand, New Farm holds up its high median house price, promising considerable growth potential for 2023.
Ascot, located in the middle of Brisbane’s two largest employment hubs, the CBD and the airport precinct, is another hotspot. While apartments have decreased due to nearby oversupply issues, houses remain strong.
The suburb’s iconic café strip, strong school catchment, and easy train or ferry ride into the CBD make it an attractive investment prospect, indicating potential for growth in the coming year.
Wilston is a community-oriented suburb with a strong school catchment and a famous café strip. The suburb has gentrified over the last few years, replacing old workers’ cottages with more extensive, modern homes.
With its infrastructure, including a railway stop and a new Northern Busway, Wilston is primed to take advantage of the Brisbane Airport expansion, suggesting significant growth potential.
Highgate Hill offers a quiet neighbourhood just a stone’s throw from West End, South Bank, and the city. The suburb’s peaceful environment and dining options and recent and upcoming infrastructure developments create significant opportunities for businesses and investors alike.
While the whole suburb is primed for growth, the streets within the catchment area for Brisbane’s best school and those with sweeping city views are in exceptionally high demand, indicating strong growth potential over 2023.
Property investment in Brisbane is lucrative, with several suburbs showing significant growth potential. Whether you’re a seasoned investor or a beginner, these top ten hotspots for 2023 & beyond offer promising opportunities for property investment in Brisbane. It’s essential to conduct thorough research and consider factors such as infrastructure developments, population growth, and market trends when investing in property.
Obtaining specialised legal advice is crucial for those dealing with significant life changes like divorce. Property investments can be a complex asset to divide, and experts such as Sydney divorce lawyers recommend considering the asset’s current value and future potential when dividing it in legal proceedings.
Investing in Brisbane’s property market can yield substantial returns with the proper knowledge and strategy.
Article source: yourneighbourhood.com.au