Brisbane Northside, Metropolitan Brisbane
Brisbane is enjoying a renewed confidence following commencement of the Queens Wharf development and the announcement of the Cross River Rail – both mega-projects destined to generate economic activity and jobs.
Brisbane Northside can expect to benefit not only from these projects, but also several large commercial, medical and residential developments that are now under way – for example, the $1.1 billion Herston Quarter venture and the $1.2 billion Racecourse Village project.
Transport infrastructure in Brisbane Northside has been enhanced by major upgrades in recent years, improving connectivity to the CBD, western suburbs and the airport, thus reducing commuting time for workers.
Part of the appeal of Brisbane Northside is that its economy is solid, boosted by large employers such as hospitals, government departments and the Queensland University of Technology.
With attractive unit prices in suburbs such as Enoggera, Kelvin Grove and Herston - where there is a high percentage of renters - there are opportunities for investors to buy affordably and achieve good rental returns. Investors, however, need to check vacancy rates, which are high in some unit markets.
This report covers the suburbs of Albion, Alderley, Boondall, Enoggera, Everton Hills, Everton Park, Gaythorne, Gordon Park, Grange, Kedron, Kelvin Grove, Keperra, Lutwyche, Mitchelton, Nundah, Stafford, Stafford Heights, Wilston and Windsor.