With Brisbane’s residential property market set to heat up this year, a property research analyst has highlighted the five suburbs investors should be focusing on.
Lachlan Walker, director of Place Advisory, said his top five picks for investment in Brisbane at the moment are Woolloongabba, Newstead, Spring Hill, Kelvin Grove and West End.
The Brisbane suburbs Mr Walker selected meet key investment criteria and offer close proximity to the CBD, public transport, retail and entertainment options, parks, walkways and bike paths, and educational facilities, according to Place Advisory.
“These areas will artfully balance gentrification with green space, lifestyle options with employment opportunities and walkable amenity with an abundance of transport options," Mr Walker said.
“Put simply, people are always attracted to blue and green; parks and rivers. Whether for aesthetics or practicality, these natural components will always be more appealing than built-up industrial areas.”
Mr Walker said when it comes to choosing where to buy, investors simply need common sense.
“A good location is the bread and butter when it comes to securing a profitable investment,” he said.
“An investor only needs to think about what they would look for in an area themselves to understand what will be desirable to a prospective tenant.
“The first step every investor needs to take when determining whether a precinct will be the home of a successful investment is to ask the question: what makes people choose one area over another?”
Mr Walker said ultimately, the areas with proximity to all the right facilities and amenities will be successful and drive capital growth because they create a demand for potential tenancies.
“Brisbane is full of young urban professionals and properties in inner-city suburbs represent an opportunity for these people to live the lifestyle they want,” he said.
“They want accessibility. They want walkable amenity. And they want local jobs and education.
“Suburbs that tick all these boxes are perfect for the investor because while properties in these areas enjoy strong price growth in lucrative periods, they also hold firm when times are tough.”