For those who are happy to trade commute times for cheaper prices they can be rewarded with properties for around $400,000 or less in some cases.
“When thinking of our most ‘active’ fringe suburbs, you can look at most compass points,” Property Observer reports. “In the west, it’s the multi-stage, mega community of Springfield Lakes. Go north and you’re starting to hit the urban edge around North Lakes, Mango Hill and Griffin.”
But what are the prospects for long term capital growth for these outer dwellers?
According to Property Observer, the forecast is “steady”.
“While inner Brisbane does have relative affordability compared to a city like Sydney, those budget buyers with a long-term view can still expect a cheap purchase in the fringe to perform admirably,” Property Observer predicts.
But don’t hold your breath for any short term gains. With plenty of land still available – particularly around North Lakes – supply is assured for some time to come.
Property Observer also warns buyers to beware of pitfalls that might make your outer dweller an outside chance for growth. Avoid flood prone blocks, main road frontages, high tension power lines and nearby industrial land, it cautions.
