Finding Your Perfect Suburb: A Brisbane Investor's Guide in 2023
Jul 17, 2023
by: Jade Fitzgerald, Ideal Buyer's Agency
Are you an aspiring investor looking to make your mark in the vibrant city of Brisbane? With its sunny weather, booming economy, and strong property market, Brisbane offers a wealth of opportunities for real estate investors. However, choosing the right suburb can be a daunting task. Fear not, for I am here to help you navigate through the myriad of options and find the perfect suburb that suits your investment goals in 2023. So, put on your investing hat, and let's dive into the exciting world of Brisbane real estate!
Understanding Yield and Capital Growth:
When it comes to real estate investment, two key factors to consider are rental yield and capital growth. Rental yield refers to the income generated from renting out a property, expressed as a percentage of the property's value. On the other hand, capital growth refers to the increase in the property's value over time. Ideally, you want to find a suburb that offers a combination of both high rental yield and strong capital growth.
New Farm: π³π΄π²If you're looking for a blend of urban and suburban living, New Farm is the place to be. Located just a stone's throw away from the CBD, this leafy suburb boasts charming riverfront properties, trendy eateries, and a thriving cultural scene. This is a great mix of old and new with lots of fantastic waterfront apartments as well as some old school turned into new school architecture. It has a lovely upmarket funky vibe with lots of professional couples! If you're thinking about buying an investment property in New Farm, consider that rental yields for units are currently 3.51% with an average median rent of $500 weekly. Units have seen -1.01% growth in the past quarter, and 7.72% growth in the past 12 months. Consider that rental yields for houses are currently 2.37% with an average median rent of $900 weekly. Houses have seen 6.79% growth in the past quarter, and 33.48% growth in the past 12 months.
Upper Mount Gravatt: This vibrant suburb offers a perfect blend of convenience and charm! Situated just 15 kilometers south-east of Brisbane's bustling CBD, this suburb has become a hot spot for real estate enthusiasts and savvy investors alike. With its lively atmosphere, excellent amenities, and promising growth prospects, Upper Mount Gravatt is definitely a place to keep your eye on!
π³ Nestled amidst leafy streets and picturesque parks, Upper Mount Gravatt offers a peaceful retreat from the hustle and bustle of city life. If you're thinking about buying an investment property in Upper Mount Gravatt, consider that rental yields for houses are currently 3.72% with an average median rent of $550 weekly. Houses have seen -3.48% growth in the past quarter, and 2.38% growth in the past 12 months. If you're thinking about buying an investment property in Upper Mount Gravatt, consider that rental yields for units are currently 6.21% with an average median rent of $530 weekly. Units have seen 1.98% growth in the past quarter, and 10.36% growth in the past 12 months.
Taringa: ποΈπποΈ For those seeking a family-friendly suburb with strong growth potential, Taringa ticks all the boxes. Situated near the University of Queensland and boasting excellent schools, Taringa offers a desirable lifestyle. Taringa is a hidden Gem. It's the less talked about suburb on the west because it's sandwiched between Indooroopilly and Toowong which are both better known because of the large shopping centres. Taringa has peaceful streets, multiple parks, and access to a variety of shopping precincts. If you're thinking about buying an investment property in Taringa, consider that rental yields for units are currently 5.12% with an average median rent of $480 weekly. Units have seen 0.50% growth in the past quarter, and 7.63% growth in the past 12 months. If you're thinking about buying an investment property in Taringa, consider that rental yields for houses are currently 2.71% with an average median rent of $710 weekly. Houses have seen 0.00% growth in the past quarter, and 0.86% growth in the past 12 months.
Other areas to consider are below:
- Caboolture - Ideal Buyer's Agency 4 Purchases
- Deception Bay - Ideal Buyer's Agency 3 Purchases
- Kangaroo Point (Units) - Ideal Buyer's Agency 2 Purchases
- Redbank Plains - Ideal Buyer's Agency 6 Purchases
- West End (Units) - Ideal Buyer's Agency 2 Purchases
IPSWICH - Unveiling Ipswich's Hidden Gems: Top Suburbs for Savvy Investors in 2023! Finding Your Perfect Suburb: A Brisbane Investor's Guide
If you're looking to dive into the world of real estate investment in QLD, Ipswich is also a city that shouldn't be overlooked. The city is known and loved for its architectural, natural and cultural heritage. Ipswich is one of Queensland’s oldest provincial cities and it offers affordable housing for families who are looking to move to the Sunshine State. With its rich history, thriving economy, and promising future, Ipswich is a gold mine for those seeking high yields and strong capital growth.
Here are my top suburbs that stand out as hotspots for investors in 2023.
Riverview ππ³π‘π°π Topping my list is the charming suburb of Riverview. Known for its leafy streets, picturesque parks, and friendly community, Riverview offers a fantastic investment opportunity. With a current market growth rate of 8.5% (according to RP Data), this suburb has experienced steady appreciation in property values over the past year. Riverview's proximity to major transport links and its emerging café and restaurant scene make it an attractive choice for both tenants and future homebuyers. If you're thinking about buying an investment property in Riverview, consider that rental yields for houses are currently 5.59% with an average median rent of $400 weekly. Houses have seen -0.64% growth in the past quarter, and 14.54% growth in the past 12 months. Don't miss out on this hidden gem!
Augustine Heights ποΈπ΅ππποΈ Next up, we have Augustine Heights, a suburb that combines the best of suburban living with modern conveniences. With a growth rate of 10% (according to RP Data), this vibrant community is a magnet for families and young professionals. Augustine Heights boasts excellent schools, lush green spaces, and a range of amenities including shopping centres and recreational facilities. If you're thinking about buying an investment property in Augustine Heights, consider that rental yields for houses are currently 4.13% with an average median rent of $550 weekly. Houses have seen 6.08% growth in the past quarter, and 14.20% growth in the past 12 months. Investing in Augustine Heights ensures not only strong capital growth but also a fantastic quality of life for future residents.
Brassall π πΈππ³π Looking for a suburb with solid potential? Brassall fits the bill! With a growth rate of 9.2% (according to RP Data), Brassall has been steadily rising on investors' radars. This suburb offers a diverse range of property options, from cozy homes to spacious units, catering to various budgets and preferences. Brassall's thriving local economy, proximity to essential amenities, and a strong sense of community make it an attractive destination for both tenants and buyers. If you're thinking about buying an investment property in Brassall, consider that rental yields for houses are currently 5.08% with an average median rent of $450 weekly. Houses have seen 0.70% growth in the past quarter, and 17.09% growth in the past 12 months. If you're thinking about buying an investment property in Brassall, consider that rental yields for units are currently 5.27% with an average median rent of $360 weekly. Units have seen 5.19% growth in the past quarter, and 15.87% growth in the past 12 months. Secure your slice of the Brassall pie before it becomes the next big thing!
Yamanto ππΌπππ Last but certainly not least, we have Yamanto, a suburb that combines suburban charm with exciting growth prospects. With a growth rate of 8.9% (according to RP Data), Yamanto is a thriving hub for retail and commercial activity. The recent development of shopping precincts and entertainment facilities has contributed to the suburb's rising popularity. Yamanto's strategic location, close proximity to major highways, and a diverse range of investment opportunities make it a hotspot for astute investors looking to capitalize on the area's growth. If you're thinking about buying an investment property in Yamanto, consider that rental yields for houses are currently 4.95% with an average median rent of $480 weekly. Houses have seen 1.82% growth in the past quarter, and 14.29% growth in the past 12 months.
Each situation is different and I work with all my clients closely to ensure each purchase works for my clients with the yield and growth that through our project planning phase we agree upon. There are some amazing investment opportunities in QLD especially in Brisbane and Ipswich, Logan Areas!
