10 suburbs set for growth in south east Queensland

South east Queensland has been identified by a number of prominent Australian property analysts as one market to keep an eye on in 2016. But, before you rush into the market it’s important to understand how to select the right suburb and the right property type for you.

It’s crucial you get your head around the following statistics, which can be found for free or accessed relatively cheaply using the resources listed below:

• What the locals think about a suburb – Homely
• Population – Localstats
• Distance to major city – Google Maps – (ideally <30km)
• Average annual price growth – Your Investment Property Magazine
• Price growth over the last three years – Your Investment Property Magazine
• Price growth over the last 12 months – Your Investment Property Magazine
• Predicted price growth – Residex
• Median house price – Your Investment Property Magazine
• Median weekly advertised rent – Your Investment Property Magazine
• Rental yield – Your Investment Property Magazine – (ideally 5%+)
• Rental vacancy rates – Your Investment Property Magazine – (ideally <2%)
• Suburb demographics – Localstats – (median weekly income, number of renters, etc)

By analysing suburb data before making an investment decision you’re setting yourself up to buy a property which is going to help you get closer to your investment and personal goals. For more info check out these 15 free online tools to improve your property investment research. 

10 suburbs set for growth in South East Queensland in 2016

Tingalpa

• Distance to major city: 10km
• Predicted growth: 4-6% p.a. over the next 5-8 years
• Vacancy rates: 1.33%

For sale: 1638 Wynnum Road, Tingalpa, QLD

Acacia Ridge

• Distance to major city: 15km
• Predicted growth: 4-5% p.a. over the next 5-8 years
• Vacancy rates: 1.59%

Pacific Pines

• Distance to major city: 15km
• Predicted growth: 5-6% p.a. over the next 5-8 years
• Vacancy rates: 1.46%

Birkdale

• Distance to major city: 19km
• Predicted growth: 4-6% p.a. over the next 5-8 years
• Vacancy rates: 1.44%

For sale: 43 Thorne Road, Birkdale, QLD

Springfield Lakes

• Distance to major city: 23km
• Predicted growth: 6-9% p.a. over the next 5-8 years
• Vacancy rates: 4.68%

Murrumba Downs

• Distance to major city: 23km
• Predicted growth: 6-8% p.a. over the next 5-8 years
• Vacancy rates: 2.22%

Woody Point

• Distance to major city: 24km
• Predicted growth: 7-8% p.a. over the next 5-8 years
• Vacancy rates: 3.57%

Kippa-Ring

• Distance to major city: 32km
• Predicted growth: 3-5% p.a. over the next 5-8 years
• Vacancy rates: 1.67%

Redland Bay

• Distance to major city: 32km
• Predicted growth: 6-8% p.a. over the next 5-8 years
• Vacancy rates: 1.39%

For sale: 23 Lindeman Place, Redland Bay, QLD

Morayfield

• Distance to major city: 40km
• Predicted growth: 9-10% p.a. over the next 5-8 years
• Vacancy rates: 1.92%

Buying tip– It’s important to buy a property which is at least 5 per cent under market value. It’s also important to make sure your property sits in a favourable pocket of the suburb – avoid streets with public housing and aim to buy in streets where the percentage of owner occupiers is above 70 per cent.

For more Brisbane suburb data take a look at these 8 Brisbane investment hotspots to watch in 2016 or view the top 20 suburbs below.