5 Red Hot Investment Spots In Brisbane

If you are looking at property investment for profit in Brisbane, these red hot suburbs are sure to be of interest. With Melbourne and Sydney becoming far less attractive to investors due to over demand and increasingly high property prices, all eyes are turning to Brisbane as the next area in Australia to invest in.

Identifying a suburb with potential capital growth

It’s essential that the suburb you purchase property in shows all the right signs of growth over time. Investing in property is a big deal for most Australians. There are significant costs associated with buying and selling property, so you are going to want to know that your chosen location will offer you a good return.

Red hot suburbs are pockets where expansion is on the cards, where development is scheduled to improve accessibility and areas that were once overlooked. Close proximity of shops, transport and schools is important, so too is the need to look out for a market with a low rental vacancy. Property advisors throughout Brisbane keep a close eye on key elements that work to define a potential suburb. Here are their 5 red hot investment suburbs to consider.

1. Redcliffe

Just over 30km north of Brisbane lies the seaside suburb of Redcliffe. With a vibrant history, this suburb has been completely revamped in the last couple of years. All those who invest here and call this area home enjoy easy access to the beach, views of the ocean and surrounds that are inviting.

Buyers looking to invest in Redcliffe can get good value and low median homes around $400,000. There has not been a lot of growth in recent times, which is actually a positive for investors, and as a result the area has attracted a lot of buyer activity. It’s a popular area for families with children, retirees and professionals who love the affordable luxury that would normally be out of the price range anywhere else.

2. Loganholme

20 minutes south of Brisbane you’ll find Loganholme. Median house prices are just short of $400,000 with potential to receive close to $400 per week rent. These low house prices are starting to draw attention from investors and analysts expect a lot of growth in the area.

Loganholme, to the locals, is a family friendly suburb. With its nice parks, great access to local schools and shopping, it’s a great place for young families and first time investors. There are plenty of areas for the kids to play and most homes in the area have large yards. Getting around is easy too, with a good local bus service. Or, take a drive on the M1 to the CBD or south to the Gold Coast.

3. Murarrie

Murarrie is a suburb east of Brisbane and analysts are indicating that the area is showing signs of growth.

The average price of a 3 bedroom home is $545,000 offering a rental yield, for those seeking an investment property, around $410 per week. Currently Murarrie is a high demand market, with demand for properties on the rise, so now is the time to buy and reap the growth.

Its location provides fantastic access to the CBD and with close proximity to the Gateway Bridge, the Sunshine Coast is a great place for a getaway. What was once a largely industrial area, Murarrie is fast becoming home to families with kids, singles and students who can no longer afford the prices of property in surrounding areas such as Morningside and Cannon Hill.

4. Paddington

Paddington in Brisbane is one of the more affluent suburbs that, unlike the suburb in Sydney with the same name, is still regarded as undervalued by property investors.

Located on the city fringe, property prices are on average just short of the million dollar mark but don’t be fooled. This area has a lot of potential yet to be seen and it has definitely not reached its peak. As a blue chip suburb, it’s popular with professionals, families and the stylish and trendy crowd. Attracted to the area by its close proximity to restaurants as well as its great cafes and shopping, if your budget allows, give Paddington a second look.

5. Everton Park

Everton Park offers investors the chance to get in on the property market, with average 3 bedroom house prices around $530,000. This suburb has a wide range of properties to suit all buyers, and currently it is a high demand area. Investors and first home buyers are competing strongly for the lower priced homes, knowing full well the potential on offer. Less than 10 kms north of Brisbane, this suburb is definitely worth putting on your list of possible places to live. Centrally located with great access to major shopping centres, public transport, schools and entertainment, you’ll soon see why families enjoy living in this leafy suburb.

Buying the right investment property

When it comes to investing in property, not only should the location be right up there with the key points to consider, but so too your budget. Don’t forget too that before you buy a property, whether it is a place for you and your family to live or one you will be renting out, it’s important to seek the assistance of a professional and have a pre-purchase property inspection. Don’t take the look of a home at face value. Only the experts will be able to advise you whether your intended purchase is sound, safe and not going to end up costing you far more in repairs than it is worth.

Once you have done your research and decided on a property investment for profit in Brisbane, give Action Property Inspections a call.

When you choose Action Property Inspections, you can be confident that your property will be given a thorough inspection, inside and out.

Contact Action Property Inspections to organise a pre-purchase building inspection before you buy your first home.

You can also read more about specific Brisbane suburbs in our Suburb Spotlights