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Inner Brisbane - A hotspot for property investment in 2020

16D ago 0 Replies 85 Views
Both housing and unit markets in inner-east Brisbane present strong investment opportunities this near year, according to new insights from OpenAgent.com.au.
Murarrie, Cannon Hill and Morningside saw the highest rental yields for units at 5.90 per cent, 5.68 per cent and 5.28 per cent, respectively.
For houses, the highest rental yields were found in Murarrie, Morningside and Cannon Hill, with 4.38 per cent, 4.05 per cent and 4.01 per cent, respectively.
Seeing as rental yields for units are significantly higher than for houses, investors are advised against making decisions based on this single growth driver, OpenAgent.com.au data analyst Carson Teh said.
According to her, calculating rental yield based only on rent and median property prices usually produce higher values for units than houses.
However, other factors must be considered to determine actual investability.
“It’s important to calculate yield for specific properties that you’re looking at and to include expenses like strata, property management and utilities to get a more accurate representation on the return you’ll be getting.”
“Comparing the most recent census to the one before, the population has grown in all mentioned inner-east Brisbane suburbs.”
“These existing population trends should underpin demand into the future,” Mr Teh highlighted.

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