Image courtesy of Kgbo, CC BY-SA 4.0, via Wikimedia Commons
Just over the river, in the south of Brisbane, sits Dutton Park, a vibrant and sought-after suburb. With a rich history, a diverse community, and numerous parks, Dutton Park has a lot to offer its residents.
Whether you’re looking to buy a home or an investment property in Dutton Park, it’s important to do your research. Get to know the suburb and always book a professional pre-purchase building inspection to ensure the property you’re considering is not hiding a multitude of deal-breaking problems.
Why Choose Dutton Park?
Dutton Park is a lovely riverside suburb on the southside of Brisbane. The suburb has a range of recreational facilities, green spaces, local cafes, restaurants and shops, providing ample opportunity for outdoor and leisure activities. It is also home to the Boggo Road Gaol which is now a historical museum and a tourist attraction.
Dutton Park falls within the catchment areas of Dutton Park State School and Junction Park State School, offering parents with young children excellent educational opportunities. For older children, Dutton Park also has Brisbane State High School and Brisbane South State Secondary College nearby.
Dutton Park is well serviced with Brisbane City bus services going to and from the city. Dutton Park also has its own train station, with the nearby Boggo Road train station on the cross-river rail project to open soon. This makes the suburb a very easy commute for professionals travelling to and from the city daily.
At under 5 kilometres from the city centre, Dutton Park offers the perfect blend of inner-city living and a tranquil riverside lifestyle.
What We Look For During Dutton Park Building Inspections
Dutton Park’s proximity to the Brisbane River means that flooding is a major issue in the suburb, and it’s something you need to consider before purchasing a property. You’ll want to ensure that the property isn’t harbouring historical flood damage. Be aware that the property could flood again in the future. In some instances, this can affect a property’s eligibility for insurance coverage.
Flood damage can manifest in several ways, so we look for structural damage to the property, water damage, mould, and even termites attracted to the previously wet conditions.
If the property has been renovated to fix the issues caused by previous floods, the quality of those renovations is important. If the previous owner has performed dodgy DIY, this can expose you to problems down the track. A pre-purchase property inspector will be able to assess the quality of any repairs or renovations to ensure you’re not buying a future money pit.
Dutton Park Property Market
Dutton Park has a mix of housing options, from gorgeous old Queenslanders, modern apartments, and townhouse developments.
Currently, the median property price for a house is $1,350,000, with an annual capital growth of 11.57%. Overall, 13 houses were sold over the past year.
For units, the median price is currently $572,500, with an annual capital growth of $35.66%. 34 units were sold over the past year.
If you’re thinking about investing in property in Dutton Park, rental yields for houses are currently 2.74%, with a weekly median rent of $590.
For units, the rental yield is 5.46%, and the median weekly rent is $540.
