ME Bank study shows Woollongabba tops list of real estate investment sites

“Woolloongabba, for example, is already served by two stations and the new Cross City Rail project will provide a new line passing directly under the suburbs, increasing connectivity and changing the way people use the area.

“This will only get stronger in the years to come as Brisbane prepares its infrastructure for the 2032 Olympics.”

Mr McNeill said the new Cross City Rail and Burleigh Heads Light Rail would create better connectivity with both Coolangatta and Surfers Paradise for the three Gold Coast suburbs of Burleigh Heads, Mermaid Beach and Miami – and increase the value. houses in these areas.

Real estate investor Scott Aggett, who just bought a home in Mermaid Waters, said the area has seen high demand due to its location and upgraded transportation infrastructure.

“Basically it’s a desirable area to occupy or live in myself,” he said.

“The state government is modernizing the international airport and adding new light rail sections across the Gold Coast, which will make life here more attractive and functional. I think this will attract more buyers and renters to the area.

In Sydney, key transport infrastructure projects such as the Metro South West project would also improve connectivity to the CBD from areas such as North Sydney and Crows Nest, Mr McNeil said.

“Wherever there are new rail lines and especially new stations in areas not served by rail, you tend to get a substantial improvement in the convenience and mobility of people as a result,” he said. -he declares.

High speed line

Five Dock, Rozelle, Parramatta, Pyrmont and Concord are also expected to offer investment potential as they benefit significantly from the high-speed, high-frequency metro line that connects them to Sydney’s CBD.

“This adds to their appeal to investors following recent growth in rental prices, median house prices and changing numbers of white collar workers,” McNeil said.

In Melbourne, the North Melbourne Metro that will connect to Melbourne Central, University of Melbourne and Flinders Street would improve investment prospects for the suburb, while modernization of the Melbourne metro would increase demand and attractiveness. from south Melbourne.

The report used a series of qualitative and quantitative criteria to identify suburbs with the best investment prospects, including how new transport infrastructure would reshape the investment landscape.

It also took into account average rental yields, recent population growth, median house prices, average rental prices, and lifestyle attractiveness, such as the availability of coffee shops and cafes.

However, he ignored the supply situation in the suburbs. As such, investors are advised to ensure that they are researching the current and upcoming offer in a given area.

Apartment markets account for most of the suburbs in the top 20 list, followed by homes and a single townhouse market.

Jeremy Sheppard, Head of Research at Select Residential Property, warns of the risk of oversupply in some apartment markets.

“Units in general always run the risk of oversupply because it is too easy to see others next door, across the road or around the corner, and they can also continue to sell. grow higher, ”he said.

“The new units are the worst because of the fast depreciation rate and low land-to-asset ratio, and they date the fastest.

“Typically, homes in built-up areas that have no more land are a much safer option.”

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