Brisbane has some great suburbs to choose from if you’re looking for the best place to invest in real estate. Whether you’re looking for a friendly neighbourhood, good schools or a trendy area with plenty of restaurants and nightlife, Brisbane has something to offer everyone.
The 3 Best Suburbs to Buy in Brisbane
Many people move to Brisbane for its pleasant weather and relaxed lifestyle. It’s no wonder the city was recently ranked as one of the most liveable cities in Australia. Brisbane is an appealing destination for both domestic and international investors. It is due to its low property prices and strong economic growth.
So what are the best suburbs to buy in Brisbane? Here are three of the top contenders.
Indooroopilly is a well-known inner-city suburb located only 7 kilometres from Brisbane’s CBD. It is well-known for its large shopping centre and tree-lined streets. It also has a large number of schools, parks, and recreational facilities.
Indooroopilly is also one of the most sought-after suburbs for renters. So it’s a great option if you’re looking to invest in Brisbane’s property market. The median rent for a three-bedroom house in Indooroopilly is $650 per week, and its median house price is $1,450,000. This suburb is predicted to see strong capital growth in the next few years, so it’s an excellent choice for investors.
Ascot is an affluent suburb located just 7 kilometres from the Brisbane CBD. It is near Airport, which is ideal for travel. It is also home to several prestigious schools, making it a popular choice for families. The median rent for a three-bedroom house in Ascot is $650 per week, and its median house price is $2,225,000. Ascot is predicted to see strong capital growth in the next few years. This makes it a great choice for investors.
Moreover, rental demand in Ascot is high, so it’s a great suburb to invest in if you’re looking for a positive cash flow.
Northgate is a popular northern suburb of Brisbane. It is located just 14 kilometres from the CBD. It is well-known for its small businesses, cafes, and restaurants, as well as its proximity to Brisbane Airport. The median rent for a three-bedroom house in Northgate is $520 per week, and its median house price is $948,000. Northgate is predicted to see strong capital growth in the coming years. This makes a great choice for investors.
The Benefits of Investing in Property
Investing in property can provide you with several advantages, including:
- Potentially high returns: When you invest in property, you have the potential to earn high rental returns and capital gains.
- A stable investment: Property is a sound investment, especially when compared to stocks and shares. It means you can feel confident that your investment will hold its value over time.
- Tax benefits: When you invest in property, you may be eligible for some tax benefits. These include negative gearing and depreciation.
- A flexible investment: Property allows you to choose how you want to invest. You can buy an investment property outright or use a managed fund or trust.
- A tangible asset: Unlike shares or bonds, the property is a physical asset you can see and touch. This makes it a more tangible investment for many people.
What Makes a Good Investment Property?
If you’re considering investing, choosing the right investment is essential. However, not all properties are created equal, and some will perform better than others. When you’re looking for a good investment property, there are several factors to consider, including:
- Location: The property’s location is one of the most important factors to consider. Look for a property that is close to amenities. These include schools, shopping centres, and public transport.
- Growth potential: Another critical factor to consider is growth potential. Look for an area that is experiencing population growth or is undergoing development.
- Rental yield: The rental yield is the amount of rent you can expect to receive compared to the property’s purchase price. A higher rental yield is better, as you will earn more money from your investment.
Consider the location, growth potential, and rental yield when looking for a good investment property. You can find a property that will perform well by doing your research. And it will provide you with a good return on your investment. Remember, investing in property is a long-term commitment. Therefore, choosing an investment you’re comfortable with is important. If you have questions, speak to a professional before making any decisions.