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REIQ Journal : September 2008
INDUSTRY RESEARCH 33 All three suburbs are attracting buyers due to their affordability and their close proximity to infrastructure. These suburbs are within a few minutes drive from major transport corridors, education facilities and shopping centres. With a number of renovations in the area, both Carole Park and Inala recorded annual growth figures of more than 30 per cent. Brisbane Surrounds The Redland Bay islands continue to feature in the most affordable suburbs for Brisbane’s surrounding shires, with both Macleay and Russell Island recording a house median of $235,000 for the 12 months to the end of March 2008. Both suburbs also recorded double digit growth over the year, with some higher-quality home sales contributing to Russell Island’s impressive growth of 40.3 per cent. Leichhardt and One Mile in the Ipswich shire recorded the next two most affordable house medians with $237,000 and $239,000 respectively. Again, due to their relative affordability, these two suburbs saw an increase of more than 20 per cent over the past 12 months. Gold Coast Based on the former council boundaries, the top three most affordable suburbs on the Gold Coast were all located on the northern corridor. Located in close proximity to each other, the suburbs of Eagleby, Bethania and Beenleigh recorded the most affordable house medians. With both new stock and renovations of older stock under way, all three recorded substantial growth of around 30 per cent over the 12 months to the end of March. Do you want more? REST Professional Looking for a property management solution to manage your business? A solution that allows your business to grow and deliver the best service to your clients? Look no further. REST Professional - the heart of your business. REIQ Journal September 2008