| Copyright (c) 2009 Michael Atma | | | | Affordability again has been the draw-card over the |
| Demand is skyrocketing once again for new homes | | | | June quarter, attracting robust sales numbers across |
| and investment properties Brisbane wide | | | | Greater Brisbane and steadily increasing house prices. |
| Confidence has certainly returned to the capital city's | | | | The much talked-about FHOB has no doubt |
| market with first home buyers, up-graders and | | | | contributed to the rising results in both sales and |
| investors all active over the period. Preliminary sales | | | | median prices for the period, as many first-time buyers |
| numbers for houses were up by about 28 per cent | | | | take advantage of low interest rates and government |
| over the June quarter. | | | | initiatives. |
| On the back of this increased demand, Brisbane's | | | | The Logan area was one of the best performing |
| median house price has increased 3.3 per cent to | | | | region throughout Greater Brisbane for the year with |
| $480,000 while its unit and townhouse price is up an | | | | its median house price up 9.7 per cent and 3.5 per cent |
| even more impressive 4.2 per cent to $382,400 over | | | | for the quarter. The Logan area has many suburbs |
| the June quarter. | | | | within this large catchment area and like all other areas |
| Units and Townhouses have seen such a big jump in | | | | there are better named suburbs and of course better |
| demand and sales in these areas primarily due to the | | | | street to be buying in for all different reasons. |
| affordability by first home buyers in the under $400k | | | | Here are a few suburbs to look at when buying in the |
| price tag. | | | | Logan area, Loganlea, Meadowbrook, Crestmead, |
| Some suburbs have done better than others during | | | | Marsden and Rochedale South have all benefited from |
| this time and typically those suburbs are good | | | | increased demand from first home buyers due to their |
| performers in almost any economy. All the signs are | | | | affordability. |
| now pointing to this trend to continue the growth we | | | | Investor are also favoring these areas not only for the |
| are now enjoying. | | | | growth but the rental returns and with huge demand |
| We will cover the surrounding Brisbane suburbs down | | | | for good rental properties. From an investment point |
| further in the article. The inner eastern riverside | | | | view the things that really help with the growth and |
| suburbs of Balmoral, Bulimba, East Brisbane, | | | | rental demand are i.e.Loganlea has train station which |
| Hawthorne, Morningside and Normal Park all enjoyed | | | | has the express trains to and from Brisbane the Gold |
| double-digit price growth over the period. | | | | Coast stopping at this station, TAFE and a UNI, assess |
| While these suburbs have always been popular, having | | | | to the M1 and shopping Centre's |
| medians in the upper price ranges of between | | | | Let's pick out one of these performing suburb and look |
| $570,000 (Norman Park) to $925,000 (Bulimba) are an | | | | more closely at it: Crestmead has benefited from an |
| indication that a renewed confidence has returned to | | | | attractive median house price tag of $320,500, while |
| second and third-home buyers in recent months. | | | | still experiencing tremendous growth for the quarter, its |
| Another strong performer in Brisbane for houses was | | | | median house price is up 7.1 per cent. The area is |
| Ascot, where its median increased 29.1 per cent to | | | | proving increasingly popular amongst young families |
| $932,500 over the quarter. While this result was | | | | with natural parklands and multiple primary schools. |
| affected by the varying quality of stock sold, it also | | | | During the past year, 2 areas that also stand out with |
| highlights the improving quality of homes coming onto | | | | a median unit and townhouse price rise of 8.8 per cent |
| the market as sellers take advantage of renewed | | | | and 5.2 per cent respectively. |
| interest in prestige property. | | | | Moreton Bay area was one of the star performers |
| Units and townhouses within 5KM of the city achieved | | | | with an increase in sales of 30% over the quarter for |
| good growth during the past quarter - this time | | | | unit and townhouses. |
| Auchenflower, Toowong and Yeronga. | | | | Caboolture was a standout suburb having increased its |
| Auchenflower and Toowong are both located within | | | | median unit and townhouse price by 5.7 per cent over |
| 5km of Brisbane's CBD and have a mix of established | | | | the last quarter and a huge 15.1 per cent for the year. |
| and new unit complexes available. The tree lined and | | | | If you're looking for someone like a Buyers Agent to |
| leafy suburb of Yeronga is only 7KM from the city | | | | help you with Buying Property in the Brisbane area |
| right on the Brisbane River. | | | | then have a look at Hot Property Specialists online |
| Property Brisbane & Outer Suburbs | | | | today! |