Whether it’s a neighbourhood coffee roaster, a hole in the wall or a secret coffee spot that no one else knows about, it seems to be the closer you are to a mini explosion of suburban cafes the better your property growth stats.
In the US they call it the Starbucks Effect: where property prices increase at a higher rate the closer you are to an outlet.
There’s no shortage of coffee haunts in Brisbane and if you’ve got an influx of baristas near you, then you have reason to be excited.
Cafes are an indicator of suburb gentrification and this is a tell-tale sign of where demand is rising.
Most coffee retailers are very good at finding locations that are up-and-coming, so they will sniff out the perfect roast and the perfect place to sell it, one which is benefiting from increased residential and commercial real estate activity.
It’s true that buyers and developers are drawn to lifestyle and cultural aspects of an area. It forms an important part of their evaluation criteria when deciding where to buy.
So where on the north side will you find a rising market and flat white?
We’re seeing trendy cafes jump-start local lifestyle desirability, increasing competition and pushing up prices in these suburbs:
- Gordon Park
- Wavell Heights
Want to wake up to the smell of coffee every morning?