How To Predict Brisbane's Up & Coming Market

The key to predicting areas that will perform well in the property market is looking at which suburbs have upcoming development.

The latest PRDnationwide research highlights these areas, focusing on where residential and infrastructure spend is being distributed across Brisbane.

“A high level of upcoming residential and infrastructure development ensures that the suburb will continue to attract people as there is continuing and upcoming activity in the area.” Says PRDnationwide National Research Manager Dr Diaswati Mardiasmo. “Suburbs that are attractive to live in tend to enjoy higher property valuations, less time on the market, and increased rental yields.”

Knowing where upcoming residential development will occur gives home buyers a competitive advantage due to a greater, and newer supply of housing.

As the first home buyers grant is only available for new dwellings, suburbs with high levels of residential development are ideal for first home buyers looking to enter the market at a lower price.

PRDnationwide Project Marketer Adam Gray has seen a high number of owner occupiers attracted to new developments in the Nundah area recently.

“People want to live in newly developed buildings. Building standards are higher now, and these new projects can offer features that you just don’t see in older places.” Said Mr Gray “New residential developments are not only more functionally designed than some older dwellings, they are also often more affordable”

New infrastructure such as roads, bridges, tolls, and highways increase connectivity to the CBD lowering commuting time, and increasing the number of buyers considering the area. Similarly, Infrastructure in the form of public hospitals, public libraries, and public schools add to a suburbs liveability while bringing jobs to the area.

“This information should be of particular interest to investors as areas that have seen large development spends in the past have displayed higher occupancy rates, resulting in a more reliable source of income.” Said Dr Mardiasmo

Area’s that could be enjoying property growth in the future thanks to development spends are scattered across Brisbane.

With both Coorparoo and Chermside listed in the top 10 suburbs for both residential and infrastructure spend, North-siders and South-siders alike can get enjoy a slice of the pie.