October 2018 Month in Review by Herron Todd White: Brisbane has options aplenty; appeal is growing
Brisbane property has been enjoying a rise in popularity among new residents arriving from our southern big-city cousins… and why not!? We have the weather, the beaches, a laid-back lifestyle, a reasonably positive outlook on the economic front and best of all, you don’t have to be the ruler of a small principality in order to afford a CBD-accessible home.
One of the excellent litmus tests of our growing appeal must be the amount of building activity underway in our suburbs. Spotting those locations where construction is at its most feverish helps give appreciation for where prices might be set to rise. Our family addresses are certainly looking good and the inner-mid ring would be well worth a watch. Look for great school zones and service where the cost of homes isn’t prohibitive and you’ll spot plenty of people looking to add a little equity through hard yakka.
Locations such as Annerley, Greenslopes and Holland Park in the southern strip are great examples. Annerley has certainly come some way in its appeal over the past decade. Services are strong with plenty of local retail on hand and it all sits just five kilometres south of the CBD. Older detached homes are due some love with original construction dominated by weatherboard builds from the first half of the 1900s. The junction retail strip has a modicum of undiscovered cool and there’s easy road connections through to the freeway and city. Junction Park State School is also well regarded and attracts families.
Greenslopes is a similar distance from the CBD and is traversed by Logan Road. It’s got some decent housing on reasonably sized blocks. While buses are the main attraction from a transport perspective, there’s no lack of retail facilities to help attract tenants and homeowners.
Another area in the south worth consideration is in and around Tarragindi. This suburb had been a bit under the radar, but it’s one that’s starting to get noticed. There are excellent schooling options including the very progressive Wellers Hill State School and highly regarded Saint Elizabeth’s. Both are attracting new families to the area and a drive through its streets will reveal a plethora of renovation and new build activity. While splitter blocks are among its options with contemporary homes on small blocks becoming more common, renovation of older housing is also appealing. If you can pick up a property with potential at $600,000 to $700,000, then there’s a chance to create a dream abode for you and your loved ones.
Looking north and we’ve been keeping an eye on some of the mortgage-belt addresses. Stepping towards the eight kilometre mark in the north and you’ll hit somewhere such as Stafford Heights. The location wants for very little in terms of services and facilities and is filled with post-war timber homes that are ripe for renovation. We’re seeing increased interest from those looking to buy in and take advantage of decent sized blocks where they can accommodate their brood.
If you’ve got a little more money to spend, then there continues to be a lot of work in some of our perennial inner city addresses too. Paddington in the inner west always has tradies on the go, but the appeal is spreading out towards Bardon where you can usually get a bit more land for your dollar too. These addresses are certainly the ones that appealed to well-moneyed southerners who are relocating north, so you can see why there’s construction activity afoot.
One of our crew also came across a welcome uptick in renovation activity around Chapel Hill and Kenmore. These suburbs are a slightly eclectic mix of housing, with older areas containing post-war timber homes while other sections will see designs from the 1980s and 1990s. There’s been an interesting mix of those looking to upgrade through renovation, whether as homeowners or investors. In general, we believe Brisbane can expect to see more of this sort of activity. We have options aplenty and our appeal is growing.
Posted 3 October 2018
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