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“It’s been well documented that the inner city suburbs are in demand and they will continue to do very well – but it’s that next ring out that’s now attractive and increasing in demand,” he said. “The mid to outer ring is where affordability lies. “If investors are looking for capital growth, anything in that $500,000 to $600,000 price bracket is going to do well. “If you can get something on a block of land as close as possible to the CBD and close to infrastructure (shops, transport), you’ll do well.” He named Aspley as one to watch on the northside and Wakerley and Wynnum in the eastern suburbs. In the south, he said Yeronga, all the way through to Sunnybank, was in high demand. David Lazarus of Belle Manly confirmed the $500,000 to $700,000 price range was very competitive. “If you can get your hands on one, you can sit on it for a couple of years and know that it’s only going to do well,” he said. “I just sold one at Manly to a Sydney buyer who flew up to Brisbane for the day and bought the house there and then.” Tristan Rowland of Place Aspley said Sydney and Melbourne buyers were driving local property growth at the moment. “There’s so much Sydney money coming in especially; it’s such a cheap holding for them,” he said. “Many of them are looking for properties out of the areas zoned for apartments — they want to be able to hold onto it for years knowing they won’t have a unit pop up next door.” Mr Rowland said neighbouring Geebung and Wavell Heights were pockets popular for their reasonably priced housing close to local amenities.
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