Recent commentary from Hotspotting guru Terry Ryder highlights the perfect ingredients for a growth party across Brissie, but particularly unit markets in popular northside suburbs.
“In many parts of Greater Brisbane, houses are showing solid to strong growth, but are being outperformed by units in the same area,” he wrote in Australia Property Investor.
“The Brisbane North East precinct provides a graphic example. These are middle-ring suburbs close to Brisbane Airport, the Port of Brisbane, the Australia TradeCoast commercial precinct, which is the biggest employment zone in Greater Brisbane, and major transport routes, including the Gateway Motorway and commuter rail links.”
Ryder calls out four examples of stellar unit growth over the past year:
- Kedron – houses 8 per cent, units 28 per cent
- Northgate – houses 7 per cent, units 21 per cent
- Boondall – houses 10 per cent, units 30 per cent
- Nundah – houses 6 per cent, units 24 per cent.
We continue to see strong interest in unit markets across the northern middle ring: from Stafford up through Chermside and even out to Carseldine. Combined with the growth markets Ryder has mentioned above, you could think of it as a golden rectangle.
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