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Anuj

Anuj

Real Estate Consultant,

QLD: Bridgeman Downs - A new hotspot in Brisbane for the property investors

3Mo ago 0 Replies 60 Views
Analysis by ASPIRE property advisory network reveals Bridgeman Downs, 13 kilometres north of the CBD, has evolved from home buyer hub of rural residential to a solid investor option.
Founding and managing director of ASPIRE Richard Crabb believes it follows all the fundamentals, which should see prices rise.
“Increasing rents, falling vacancies, rising population and affordable property options are the gold standard when it comes to selecting promising investment locations, and Bridgeman Downs ticks all those boxes,” Mr Crabb explained.
According to SQM Research, Bridgeman Downs rental vacancy rate has progressively dropped from its peak figure of 4.5 per cent in November 2016 to 3.2 per cent in November 2019.
In addition, the research showed that asking rents are up by 4.0 per cent for units.
“A combination of rising rents and tightening vacancies is a key indicator of investment income growth potential,” Mr Crabb said.

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