Brisbane’s Inner West Still Seeing Insane Growth
The former “poorer cousin” suburbs along the Western Corridor of Brisbane continue to see record growth, despite the ongoing risk of flood, and the less than desirable neighbourhoods.
Investors target Oxley
Oxley, formerly known for its proximity to the Rocklea sewage treatment plant, nestled in the lowlands along Oxley Creek, has seen a whopping 18.6 percent growth in housing prices and more than 22% growth in unit prices, despite the ongoing flooding issues in the area and the comparatively poor rental yield. Nestled between Rocklea, Darra and Richlands to the South and East, Oxley is cashing in on its proximity to the new desirable Corinda and Seventeen Mile Rocks locations to the north and west. Learn more about buying a property in Oxley here.
Jindalee Cashes in On Neighbouring Postcodes
The big box centre of the South West, with its very own DFO, Jindalee’s year on year growth has topped 15% despite mildly disappointing rental yields. Part of the Centenary Suburbs Project, Jindalee was earmarked to be a big drawcard for buyers. Just across the river from UQ Pinjarra Hills campus, highly desirable Fig Tree Pocket and Brisbane’s Gold Circle Kenmore and Pullenvale area, Jindalee is fast leaving behind southern and western neighbours like Darra and Oxley to join Brisbane’s desirable Western locations. Jindalee offers something you don’t see much of in Brisbane these days, renovator’s dreams. Jindalee’s tired 80s “brick box” homes are ripe for modernization and flipping. But the elephant in the room? All that waterfront property in Jindalee comes with high flood risks. Learn more about buying a property in Jindalee here.
Acacia Ridge – Unit Investment Opportunities
While surrounding suburbs are tarnished by flooding history, Acacia Ridge stands as an island of affordable, lower risk investment properties. Solid brick. Good amenities. With 13.9% growth in the last year, the slightly sluggish rental returns has kept the purchase price of houses in Acacia Ridge more manageable, but it’s on the rise. Units on the other hand are showing good rental returns and there is some availability – for around half a million. Learn more about buying property in Acacia Ridge here.
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