BUY INTO A BRISBANE GROWTH AREA


20th July 2017
By Scott Pfeiffer
These affordable brand-new four-bedroom townhouses less than 30km from the Brisbane CBD are well positioned to benefit from capital growth.

 

These affordable brand-new four-bedroom townhouses less than 30km from the Brisbane CBD are well positioned to benefit from capital growth.

One of the four areas in Australia primed for strong population growth is south-east Queensland. Marsden in Logan City, situated conveniently between the Gold Coast and Brisbane is ideally situated to take advantage of this. 

Marsden’s population is increasing at a rate of 3% per annum compared to greater Brisbane’s 2%.  It’s close to Logan City, a burgeoning employment hub, yet combines convenience with natural space. Brisbane is only a 30 minutes drive via the Logan motorway, while the station at Woodridge is 7-minutes by car. 

There are excellent prospects for capital growth. Logan City Council has tight zoning, which means that the land available for new development in Marsden is very limited. This advantage is compounded by the fact that much of the existing housing stock in Marsden is of inferior quality. 

This month’s feature property is a rare opportunity in a great place at an entry-level price. The Avenues is an enclave of 30 townhouses, within 15 minutes walking distance to Woolworths, and with direct access to the superb Scrubby Creek Reserve with its walking and cycling paths. 

The properties we have access to are four-bedroom townhouses, a rarity in themselves, but something that will attract young families who are moving to the area, for the easy access to jobs, schools and nature. 

Priced at $340 000 with an estimated market rent of $355-$380 per week, they are potentially a high-yielding investment. This makes them especially suited for investors with self-managed superannuation funds. 

The Avenues is an excellent opportunity for those starting off in investment property, too. Valuations are already above the sale price and with strong capital growth and stable yields projected for the medium to long term, it’s a great opportunity to begin your journey to a prosperous financial future. 

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