Top Suburbs to Grow Your Property Investment Portfolio in Brisbane
Brisbane is a land of growing opportunities, especially for property investors who have been thinking about growing their portfolio.
Suburbs within close proximity to Brisbane CBD are sought after by people who work in the city centre, so to maximise on your investment, consider looking into suburbs that are within 20km from the city. This creates an opportunity not only for First Home Buyers to enter the property market, but property investors can have confidence as the prices across Brisbane increase around this area.
When choosing a suburb to invest in, considering price growth and rental yield along with liveability, are some of the defying criteria if you want to grow your portfolio successfully. For houses, best suburbs to invest in the second half of 2019 proved to be Griffin with 4.4 per cent rental yield and 2.4 per cent price growth, Ferny Grove with 4.3 per cent rental yield and 2.6 price growth, and Boondall, with 4.2 per cent rental yield and 0.2 per cent price growth.
Despite there being an oversupply of units, Springwood ended up with a 6.3 per cent rental yield and 1.7 per cent price growth, Bracken Ridge has 5.6 per cent rental yield and 0.3 per cent price growth, and Everton Park experienced 5.3 per cent rental yield and 25.8 per cent price growth. Which is a fantastic result.
It’s a great time in the market to invest in property, so if you’ve been thinking of selling, get in touch with our team who will be able to give you the best advice on growing your investment portfolio.
You can also learn how to make most out of the current RBA low rates and how refinancing can help flourish your investment by contacting our mortgage brokers.