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Growing areas of South East Queensland to watch out for in 2017

19 Dec, 2016

Whether you’re looking to invest or simply scouting a place to put up your feet and call home, it’s comforting to know you’ve chosen an area with a vibrant future.

Always here to help, we’ve hunted down some great growing areas of South East Queensland set to soar in 2017.

 

Upper Mount Gravatt

Those who have already discovered Upper Mount Gravatt have a right to be quietly smug. Only 11km from Brisbane CBD and boasting an exciting variety of shops, restaurants and parks, it’s fast becoming one of the most desirable areas of South East Queensland.

Nestled between four major roads and home of the newly refurbished Westfield Garden City, locals already know it as a shopping and public transport hub. But recent market data suggests population is expected to increase by 36% in the next 20 years.

Investors in apartments can reliably expect young professionals and student rentals, with two university campuses and a TAFE close by. And the best part? Properties here are much better value for money than equivalent suburbs on the north side.

 

Banyo

With cool coastal temperatures, bay breezes and a quiet reputation, Banyo is an up-and-coming idyll. Banyo house prices enjoyed a 21.3 per cent growth in the past year, meaning the cat is well and truly out of the north side bag.

Planned infrastructure and new shopping hubs have transformed the suburb from a sleepy industrial underperformer to a vibrant cafe scene enjoyed by couples and families of all ages.

And when you need to take a break from the good life, Brisbane airport is just 8km away.

 

Pimpama

Halfway between Brisbane and the Gold Coast, Pimpama is Australia’s fastest-growing region outside a capital city, according to the Australian Bureau of Statistics.

Consisting historically of undeveloped farming land, Pimpama’s exciting makeover includes schools, new shopping centres, recreational facilities such as parks and pools.

With the Gold Coast’s older suburbs pricing families out, this northern gem is a great place for young professionals and families to take advantage of South East Queensland growth.

 

Tingalpa

Another south side gem, Tingalpa benefits from convenient proximity to both the Brisbane CBD and the bay. With a predicted growth of 4-6% p.a. over the next 5-8 years and low vacancy rates, it’s a great place both for investors to break into the market and for families to settle.

The area boasts plenty of parks and bushland, and the very pretty Bulimba creek. And for those who like to live the beach life it’s conveniently close to the Gateway Motorway for those Sunshine or Gold Coast day trips.

 

Indooroopilly

Just 8km from the Brisbane CBD, Indooroopilly is a gorgeous older suburb popular with young professionals as well as students from the nearby University of Queensland campus.

Indooroopilly benefited recently from a $55 million upgrade to the Western Freeway, newly expanded Indooroopilly Shopping Centre, cinemas, parks, recreational facilities, schools and of course close proximity to the Brisbane River.

Broad appeal across demographics means apartment investors can expect constant occupancy, and with a 5.12% capital growth rate, this is one leafy little pocket of potential.

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