Through Invest Australia, our intention is to highlight potential opportunities in upcoming areas that show potential for growth. Brisbane is one of these areas, which offers a similar lifestyle to that you would get in KZN, and seeing tremendous growth and infrastructure development.
Having introduced our first development, Signature Brookvale, we wanted to provide you with more insight into where this modern estate is situated in.
Location is always key in any property investment, whether in South Africa or offshore. Brisbane is the capital of Queensland and notably one of the world’s most liveable cities. Brisbane economy predicted to increase to $217 billion over the next 12 years. Even experts rate Brisbane as one of the best cities to invest $500k in property. Within Brisbane is a suburb called, Underwood; which has seen its growth peak at 14.3% in 2018.
As an investor you can expect to achieve good rental yields as the rental population is approximately 30.5% of the property market. For Underwood, the rental yield was 4.35% in the 12 months preceding Q1 2019. A 2-bedroom, 2-bathroom unit found at Signature Brookvale supports rental demand in this market.
Invest in property that is in a prime location and within close proximity to everything a family or young professionals would need. Signature Brookvale is situated within Underwood, Brookvale Drive. As a family focused property offering, residents will be within walking distance to the protected Karawatha Forest, Jacaranda Early Learning Centre and excellent public transport. This contemporary estate is just a short drive away from key amenities, such as schools, hospitals, shopping centres, and parks.
If you would like to learn more about the area and the prospects of investing in Brisbane, contact our dedicated team for further insight and details