Brisbane’s CBD may have crept up so fast on people within 5 kms of the Brisbane GPO that the
entire area could be soon considered the CBD.
Property investors have now begun looking on the fringes of the 5 km ring as CBD creep makes them more comfortable with mid-ring suburbs. The market is hot for houses and units within the 5
km radius of the CBD.
Brisbane Auction Clearance Rate Surge
The auction clearance rate has been very good in the Brisbane inner city areas and properties have been snapped up very quickly even before auction. There has also been a big demand from buyers out of Asia as CBD creep has lifted the investment potential of several suburbs on the fringe of the Brisbane inner city.
The greater CBD expands out through Fortitude Valley, Newstead, Herston , Kelvin Grove & Kangaroo Point.
International Investment is Strong
Suburbs such as Albion, Herston, Bowen Hills & Hamilton are now on the radar of international investors. International investors are attracted to Brisbane’s clean lifestyle, affordable properties and infrastructure spend in the key inner city areas.
Investors are purchasing Apartments throughout the CBD and CBD fringe. Houses are also still popular with investors in the Brisbane inner city suburbs.
Sunnybank is home to the biggest Chinese migrant population. Suburbs neighbouring Sunnybank are also benefiting from the growing migrant population. Infrastructure is the key to opening up new growth & also controlling traffic in the busy Brisbane inner city areas.
Key infrastructure in Brisbane inner city such as Clem 7 tunnel, Go Between Bridge, Airport Link & Legacy Way has helped to manage & improve our City’s growth & improve travel times for motorists.
Brisbane property still offers good value for money as compared to the expensive southern States.
