And the experts at property valuation firm Herron Todd White agree with us.
“We think the middle ring real estate is the very definition of buying the fundamentals,” they reported in their March 2018 Month In Review. “Great sized blocks with appealing homes – many with renovation potential – and in areas with good links to transport, services and other facilities.”
They pin-point the best buying as detached homes priced between $500,000 to $600,000 in suburbs such as Stafford, Stafford Heights and Chermside West.
“These properties could probably do with a bit of an update but that’s where you can make some equity gains. A coat of paint and basic upgrade to fit out will pay dividends,” Herron Todd White said.
It’s not just home buyers who will do well in these suburbs. Renting families love them too which is great news for investors.
“Mid ring is fairly active for families because mum and dad want to ensure the offspring have plenty of yard space to romp in – and our city’s relative affordability makes that possible within a commutable distance of town.
“For all these reasons, there’s great demand from tenants as well with rental yields set to be a touch better than those achieved in suburbs closer to the CBD,” Herron Todd White reported.
Want to find yourself a middle ring gem? View our current listings for sale or check our listings for rent.
