One story that seems to continue repeating itself, is the rise and rise of Moreton Bay.
Brisbane’s northern growth corridor has once again been identified as a key area of consideration for burgeoning property investors.
Property analyst Terry Ryder suggests that investors chasing capital growth in Queensland are so spoilt for choice, that he has been able to identify 27 suburbs with high growth potential and mostly a median price of less than $500,000!
These suburbs are typically categorised by steadily rising sales and considerable growth in housing prices. They’re not inner city and they’re not the blue-chip suburbs you are probably expecting.
“Moreton Bay is the number one local government area in the state for growth, according to the latest Price Predictor Index report from Hotspotting.”
These reports review sales activity, as opposed to prices, to determine the best and worst regions for potential growth in the property market.
While suburbs such as North Lakes & Dakabin have continued to achieve strong results, the Moreton Bay region includes other suburbs on the rise, such as Bellmere, Banksia Beach and Deception Bay.
Off the back of ongoing infrastructure investment, we are slowly seeing the northern corridor close the gap between Brisbane & the Sunshine Coast.
One star suburb, Burpengary, has seen quarterly sales rise from 69 to 97 in the past six quarters, with similar results being achieved in surrounding suburbs.
It has not been uncommon for home owners in these growing suburbs to receive off-market offers to buy their properties before they even reach the open market.
For experienced investors, this growth should come as no surprise. The age old combination of “Population, Infrastructure & Employment” has once again proven to be a recipe for success when choosing the location of your next home or investment.
Where will you invest next?
Our latest landmark development Dakabin Crossing offers affordable investment properties from $380,000 for a 3 bedroom townhouse.