Hidden Brisbane property gem revealed

21 February, 2020

Cameron Micallef discusses with the ASPIRE Property Advisor Network on a hidden Brisbane gem.

by Cameron Micallef | SMART Property Investment | REB | February 19, 2020

An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to industry experts.

Analysis by ASPIRE property advisory network reveals Bridgeman Downs, 13 kilometres north of the CBD, has evolved from home buyer hub of rural residential to a solid investor option.

Founding and managing director of ASPIRE Richard Crabb believes it follows all the fundamentals, which should see prices rise.

“Increasing rents, falling vacancies, rising population and affordable property options are the gold standard when it comes to selecting promising investment locations, and Bridgeman Downs ticks all those boxes,” Mr Crabb explained.

According to SQM Research, Bridgeman Downs rental vacancy rate has progressively dropped from its peak figure of 4.5 per cent in November 2016 to 3.2 per cent in November 2019. 

In addition, the research showed that asking rents are up by 4.0 per cent for units.

“A combination of rising rents and tightening vacancies is a key indicator of investment income growth potential,” Mr Crabb said.

Mr Crabb said the population of Bridgeman Downs had grown around 13.4 per cent over the past five years and is set to continue.

“The suburb’s family lifestyle, combined with excellent access to services, facilities, schooling and transport routes are driving demand,” he said.

“In addition, much of the suburb’s developable land has been exhausted, so supply is tightening,” Mr Crabb continued.

Mr Crabb said price rises had already begun, with Domain data revealing Bridgeman Downs was among Brisbane’s top 10 suburbs for median house price growth reflecting 7.2 per cent to December 2019.

Mr Crabb said the numbers show Bridgeman Downs is on the up; however, the fundamental of investment success continued to be asset selection.

“The key to profiting is avoiding cookie-cutter projects with unremarkable accommodation that is geared specifically at short-term tenants,” he said.

“Boutique complexes with points of difference are better for both rental and value growth potential.

“Look for projects with plenty of room – both in terms of townhouse floor areas and common space in the complex,” Mr Crabb continued.

Mr Crabb said investors should seek high-spec properties that would appeal equally to both home buyers and tenants.

“The other tip is to buy below the suburb’s median price, which gives the property plenty of upside potential over the long term,” Mr Crabb concluded.

READ THE ARTICLE HERE ON SMART PROPERTY INVESTMENT

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About the author of this article

Cameron Micallef

Cameron is a journalist for Momentum Media’s nest egg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Richard Crabb | MD ASPIRE Network | PIPA Board Member
Author: Richard Crabb | MD ASPIRE Network | PIPA Board Member

QPIA® - Qualified Property Investment Advisor | Licensed Real Estate Agent - VIC: 082760L - SA: RLA 292544 - QLD: 3579879 |Diploma of Financial Planning |Active Property Investor | Board member of PIPA - Property Investment Professionals of Australia. Richard is the Founder and Managing Director of the ASPIRE Advisor Network. After an extensive career in corporate finance and through his personal investing experience, Richard identified the need to create a system and framework that supports ethical, independent property investment advisors who operate in the new property market. The ASPIRE Advisor Network now supports independent property advisors across Australia by providing their business engine and acquisition process, designed around concepts of future compliance in the brand new property sector. Richard together with the ASPIRE team has also developed a complete end to end software platform, which is leading the way to deliver property investment advice in the new property space. Our goal is to work with investors to implement their goals and objectives buying investment properties across Australia, utilising a structure and information-rich end to end experience.

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