Ensure you never miss an issue of the
real estate business bulletin
Investors continue to flock to Brisbane

Investors continue to flock to Brisbane

by Staff Reporter 0 comments

Apartments in Brisbane’s inner-northern suburbs have been consistently achieving double-digit annual growth since 2008, and both investors and tenants are keen to get in on the action.

Director of Position Property Richard Lawrence said information from RP Data shows Albion, Clayfield, Ascot and Hamilton had annual price growth of 16 per cent over the past six years.

“Whether it is owners or investors, these figures represent not only market growth in the region but continued confidence in the inner-north suburbs,” Mr Lawrence said.

“Between 2008 and 2013, these suburbs have exhibited an average annual rental growth of 2.5 per cent for one-bedroom apartments and 2.0 per cent for two-bedroom apartments,” he said.

In particular, brand new properties seem to be most popular among tenants in this area.

“The suburbs are also experiencing a rental increase surrounding new or near new apartments, with renters willing to pay an average of $137-169 more for new or near new apartments, than similar property in other suburbs,” Mr Lawrence said.

According to Position Property, a Brisbane City Council plan to rejuvenate Albion would further boost demand for these properties.

“The Brisbane City Council neighbourhood plan will see Albion in particular transform into a modern inner-city precinct,” Mr Lawrence said.

“The proposed residential developments will cater to the increasing demand of renters, owners and investors, while confidence in the region and continued market growth is expected to remain strong.”

Investors continue to flock to Brisbane
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?