At Calibre Real Estate we think investing in Brisbane’s North West is a wise idea and here we share the many reasons why
you looking to buy in a city that sees consistent economic growth?
properties are more affordable and market prospects look bright?
- A place proving itself to be a hot investment favourite?
Brisbane can offer all of that and more.
In fact, it has so much to offer that it is the number 1 destination for internal migration in Australia. It sees a fair bit of international migration too.
As the third largest and one of the fastest growing cities in Australia, Brisbane is seeing growth at an unprecedented rate.
Driven by significant investment in infrastructure and community amenity, this stunning river city is quickly evolving into a world city
Here are just some of the infrastructure projects currently in the works:
Queens Wharf Resort and Casino is due to launch in 2022. This multi-billion-dollar investment will boast 12 football fields worth of public space and is predicted to draw 4 million new visitors to the city
Northshore Hamilton Ferry Terminal will provide a 3-minute service in peak periods and once completed in 2022, will cover 18 stations
Brisbane Airport will open its second runway in 2020 and is set to increase flights by over a 130,000 a year and create 7,800 new jobs by 2035.
These are just a few of the large-scale projects at hand aiming to improve livability, community amenity whilst creating jobs and demand for property.
This rise in investment and population is only set to continue.
As of 2018, the median dwelling price had risen by
0.9% over a one-year period.
That’s especially impressive when compared with the other major cities in Australia. Over the same period, Sydney took a fall of 5.6% and Melbourne fell by 1.7%.
The above average growth in the market makes Brisbane a wise place to invest.
Which side of the river?
An ongoing debate in
Brisbane; North or South?
We say, North wins hands down!
In particular, we believe the North Western pocket of the city encapsulates some of the best aspects of living in Brisbane.
Like what, you ask?
- An average distance of around 4 km to the CBD
- Close proximity to the airport
- Easy access to entertainment precincts like
- Lots of outdoor space
- Great links to Sunshine Coast
The investment potential in this region is only set to grow.
Whether you’re a family looking for a comfortable home or an investor trying to find the most desirable area, Brisbane’s North West offers tons of potential.
Exploring Brisbane’s North West
The suburbs we cover are all high demand markets that continue to see an increase in property value.
A combination of affordable housing, low vacancy rates and good rental yields all combine to make it an attractive prospect.
In this part of town you’ll find high ranking schools, indulgent shopping and breathtaking scenery.
We break down all the reasons you’ll benefit from investing in either of these highly sought-after suburbs.
An upmarket residential suburb situated only 4 kms from the Brisbane CBD. Median house prices are set out as below:
- The median price of a house is $960,000 to buy and $595 per week to rent with an annual rental yield of 3.2%.
- Units sell for a median price of $412,5000 and rent for $395 per week with an annual rental yield of 5.0%
- Based on five years of sale, Bardon has seen a compound growth rate of 4.9% for houses and -3.8% for units.
To find out more about what it’s like to live here, check out [Living in Ashgrove – one of Brisbane’s healthiest suburbs]
This leafy suburb spills into the foothills of Mount Coot-tha and is only 5 kms away from the Brisbane CBD.
- The median price of a house is $922,500 to buy and $550 per week to
rent with an annual rental yield of 3.1%
sell for a median price of $585,000 and rent for $475 per week with an annual
rental yield of 4.2%
- Based on five years of sales, Bardon has seen a compound growth rate of 3.3% for houses and 1.8% for units.
Read more about living in Bardon [Is Bardon the suburb that has it all?]
An inner-city suburb and one of Brisbane’s oldest within 3 kms of the CBD.
- The median price of a house is $855,000 to buy and $588 per week to
rent with an annual rental yield of 3.6%
sell for a median price of $480,000 and rent for $350 per week with an annual
rental yield of 3.8%
- Based on five years of sales, Red Hill has seen a compound growth rate of 3.8% for houses and 2.7% for units.
We say more about Red Hill here [Redhill – the home to Brisbane’s young professionals]
Want to know more about investing in Brisbane’s North West?
If you’re eager to be a part of one of Australia’s faster growing economies, we can help find the perfect investment.
We are the local leading experts in Ashgrove, Bardon and Red Hill.
All of these established suburbs are situated within 5km of the CBD and are filled with well-presented homes and offer abundant outdoor space.
In addition, they boast good transport links and ample local amenities making for a worthy investment.
Give us a call for more information on 07 3367 3411.
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