Whether you’re looking to buy a home or perhaps purchase an investment property, it can be worth knowing what potential hot spots may crop up in the new year. A few of the directors at Johnson Real Estate Group weigh in on what suburbs they predict will perform well in 2017:
Shouldering a reputation as one of Brisbane’s ‘roughest suburbs’, Johnson Real Estate’s Managing Director Andrew Trim says the suburb is gentrifying and one to watch for both home buyers and investors alike.
“Inala may have a shaky reputation, but that will change in the coming years – with its proximity to the city it’s inevitable. The land sizes are generous and you can still buy homes for low to mid $300,000s in Inala,” he says.
Traditionally an industrial suburb, Hemmant has been stigmatised in the past however this is quickly changing, says Bayside’s Principal Chris Pisani.
“Hemmant still presents great value which more and more buyers are starting to recognise. With its proximity to the city, Moreton Bay and its affordable prices, Hemmant should see strong growth”.
Redbank Plains 4301
Proving popular with interstate investors in late 2016, Johnson Real Estate’s Forest Lake Principal Peter Tran says Redbank Plains’ popularity is likely to continue in 2017.
“Redbank Plains has experienced a frenzy of investor activity, with many interstate investors buying sight unseen – something we haven’t seen in years”.
“Interstate investors are searching for big blocks with potential for second dwellings to be built, which Redbank Plains offers”.
“Despite there still being a fair bit of land on offer in the area, I believe the demand will outpace it”.
“Prices have been suppressed in the past due to the suburb’s reputation, however infrastructure and the new Town Square Redbank Plains will draw more activity into the area”.
“Prices are still very affordable which is another drawcard,” explains Mr Tran.
Known as a bit of a backwater suburb in the past, Johnson Real Estate Redland’s Principal, Jeff Cannon tips Thorneside as a dark-horse to watch in 2017.
“Thorneside is positioned well geographically, offering easy access to the city and the bay as well as offering train services.
“We’ve had contact from interstate investors that have been looking at Thorneside and many can’t fathom why the area hasn’t taken off yet.”
“Thorneside is a bit of a dark horse, but it’s definitely a suburb to watch,” he says.