Real estate hot spots have inner-city beauty


BRISBANE’S inner-city suburbs are tipped to be the property hot spots this year, with predictions of increased sales activity and long-term growth in values.

Property analyst Terry Ryder’s top-10 areas for above-average growth in the medium to long-term are heavily weighted towards mining towns, but also include areas closer to Brisbane such as Albion, Redcliffe and Woolloongabba.

He said Albion had affordable units within 5km of the Brisbane CBD and would benefit from increased transport infrastructure in the area.

Mr Ryder said Woolloongabba also had a lot going for it in terms of infrastructure and it made the list because it was in the middle of the hospital precinct which was a strong employment driver.

Though an "ugly duckling" with a hodgepodge of residential, industrial and commercial, it would eventually emerge as a "beautiful real estate swan".

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