Property Investment in Greenbank, QLD

Median House Price: $620,000
Median House Rental Value: $430 PW
Population: 7,694
Transportation: bus, car, bike, train
State: Queensland
Location: 41.5km south of Brisbane CBD
Size: 110.6 sqkm

Greenbank is a rural residential suburb located in the City of Logan in Queensland, Australia. First established by European settlers in the 1840s, the suburb was once a farming and timber cutting area. Today, Greenback is a suburb close to various nature reserves. It’s surrounded by farmlands, parks, and a watercourse with numerous species of plants and animals living in their natural habitat.

Real Estate Market

Greenbank has a total of 169 properties for sale and 14 properties for rent. Over the last 12 months, 91 properties have been sold in the area. The properties also spend an average time of 137.49 days on the market.

Population and Demographics

Based on a 2016 census, Greenbank had a population of 7694 people. The average age in Greenbank is 36 years; this is one year below the national median of 37.

Greenbank has 25.7% older couples and families, 23.1% established couples and families, and 14.9 maturing couples and families. Most people live in houses (95%), only a few have semi-detached homes (4.5%), and other dwellings, including apartments, consist of 0.3%.

The median household income for people living in Greenbank is $86,892. The most common occupation type is technician and trade workers (19.3%), administration workers (16.3%), and managers at (15.3%).

The most common cultural background of people living in Greenbank is English (42%), followed by Australian (39%) and Irish (10%). Languages other than English spoken in the suburb are Vietnamese, Mandarin, Hindi, and Afrikaans.

Lifestyle

Greenbank has plenty of employment hubs for residents in the area. Although the primary mode is private transport, regular bus services can be accessed from the neighbouring suburbs of Forestdale, Hillcrest, and Brown Plains.

Greenbank has 36 parks covering more than 4.7% of its total area. There are also shopping areas with all kinds of services available for consumers. Greenbank has amazing dining facilities and good restaurants. It’s also has sporting facilities, a library, and a community centre that hosts various local events.

Greenback has a primary school for boys and girls called the Greenbank State School. It doesn’t have any secondary schools, and the nearest is found in the neighbouring suburbs In Park Ridge and Springfield Central.

Why Live and Invest in Greenbank?

Greenbank has an excellent real estate market with 91 properties sold annually. Investing and buying a home here is a great option for new investors or first-time homebuyers.

The median household income for people living in Greenbank is $86,892.
Greenbank is a suburb close to plenty of nature reserves allowing plenty of opportunities to enjoy fun outdoor activities with nature.

Greenback has all kinds of amenities, from sporting facilities to community centres.

We’ll get you a property in Greenbank that fits your investment strategy, contact us today on (02) 8814 5275 or at here.

Buying several investment properties is one of the best ways to increase your wealth. However, this is something easier said than done. What’s challenging is choosing what strategy to use and what properties to invest in. Below are some tips to help you get a good start and a good chance of making money from your investment properties.

Increase Property Value Through Renovation
Renovations are the quickest ways to increase your property value. Some investors buy properties below market value, then renovate them and sell for profit. One cost-effective improvement is paint. Painting a property with a fresh new look can quickly transform its appearance. It’s also essential to hire an inspector to check the house for hidden problems that may negatively impact your home value.

Diversify Your Portfolio
If you’re relying on your capital growth to gain more investment properties, then it’s crucial to diversify your portfolio. Using your equity to add more properties to your investment portfolio is one of the best ways to get funding for your property investment plans. 

Having several diverse properties in different areas allows you to expand your investment portfolio and increases your chances of gaining more profits. It will also allow you to expand your investment portfolio.

Stay Updated on Trends and Changes
We live in a time where laws and taxation can change in a blink of an eye, which means you have to watch more closely. These changes significantly impact investments as they affect the interest rates and taxes you’ll have to pay.

Staying on top of trends also helps you make informed real estate decisions.

Sell Underperforming Properties
Your investment success greatly depends on whether you can sell what doesn’t work for you – This is a crucial money management skill that every investor needs to know. When you refuse to sell an underperforming investment, your portfolio will bleed. So don’t hold on to the properties that are losing you money; sell them before it’s too late.

Talk to an Investment Property Strategist
Diversifying your investment property is a great way to make the most of your real estate investment journey. Not sure what the next step is for you? It’s best to work with an investment property strategist who can help you navigate the process and make the best purchase possible to make a smart investment. At Mirren Investment Properties, we can help you understand and achieve your property investment goals.

We can help you make informed decisions while gaining the maximum benefits of the current market and rates. Is this the right time for you to expand your property portfolio? Reach us for an obligation-free investment strategy session, contact us here.

Median House Price in Ripley: $389,950
Median House Rental Value: $370 PW
Population: 1.405 (2016 census)
Transportation: bus, car, bike, train
State: Queensland
Location: 40km southwest of Brisbane CBD

Ripley is a developing suburb in Queensland with a population of 1,405 (2016 census). Located in the city of Ipswich, it’s one of the best places to live in Queensland. Ripley is found near Bundamba creek and is nestled between bushlands and hills. In its southeast corner, you’ll also find the Centenary Highway. Ripley has lots of well-kept public areas which focus on the inhabitant’s well-being. This is one of the key reasons why many people stay in Ripley.

Real Estate Market
Ripley enjoys a healthy real estate market for its size with 80 visits per property. Compared to the rest of QLD, investors can earn a lot of capital gain investing in the area. More than 70% of people in Ripley own their properties and 27% rents their home.

Population and Demographics
Ripley’s lifestyle is influenced by the people in its area. The average median household income in Ripley is $86,476.

The average age of people living in Ripley is 20 to 39 years old. The suburb consists of 28.8% older couples and families, 28.8 % established couples and families, and 11.5% maturing couples and families. From Abs data, the primary occupation of people in Ripley is community service workers and trade workers.

Lifestyle
It is an emerging suburb with lots of areas to discover. Surrounded by stunning parklands, great local restaurants, and sprawling estates, Ripley is the perfect place to live a peaceful life with your family.

Ripley has two government schools, one primary school, and a high school. Ripley also has a large shopping centre called the “Ripley Town Center” which has a full-line Coles supermarket, around 20 specialty stores, a medical centre, and a gym.

Near the town center is the Spring Mountain Conservation Estate, a 2500-hectare site that is open for bike and horse-riding. It also has walking trails and bird-watching sites where you can find 600 plants and 150 animal species.

The estate also has a huge pool which includes a beach, toddler space, and 50-meter lap pool. The site is free and supervised by lifeguards from 5 AM to 9 PM during summer.

The suburb is only 40 minutes via the M5. The closest train service is found in the Springfield central station.

Summary: Why invest in Ripley?

  • Ripley is a developing suburb with lots of potential for growth.
  • It enjoys a healthy real estate market with a median house price of $389,950.
  • The average age of people living in Ripley is 20 to 39 years old, favourable for people renting in the area.
  • Ripley has lots of amazing places to visit such as the Spring Mountain Conservation Estate.

We’ll get you a property in Ripley that fits your investment strategy, contact us today on (02) 8814 5275 or at here.

The Australian property market started the year on a high note as sales rose in December and continued towards January. Steady demand during a time of low availability has also caused property values to rise. Despite the restrictions caused by the pandemic, house prices rose very steadily.

With interest rates almost reaching zero, the economy giving away massive amounts of stimulus, and the pandemic reaching its end, we’re now seeing amazing development in the housing market. So what will happen in the next year or two? Experts weigh in and here are their predictions.

This chart from CoreLogic shows that all property markets other than Melbourne have easily gained what was lost in the pandemic. Melbourne is expected to reach the same gains in a matter of a few months.

Source: Corelogic February 1, 2021

Property experts believe that the market will perform very well this year. This has been shown by the increasing customer and business confidence in various states. Corelogic head of research Eliza Owen expects house prices to keep rising in the first half of 2021. Historically low interest rates will cause the surge of house prices to record new highs.

Auction clearance rates have gone up, not just in Sydney and Melbourne, but all around the country. Since there are now more buyers and sellers in the market, transactions have consistently increased. This propelled banks to provide for new business again.

Since the start of the year, we also saw bank loan deferrals falling consistently. The Australian Banking Association shows that deferred loans have plummeted from 493,440 in June to 169,677 in November. This is almost a 70% reduction.

The low-interest rates which will remain low for at least 3 years will give investors and homebuyers confidence. After the pandemic, there will be new jobs that will boost spending and improve the housing market.

Forecasts from economists at investment bank UBS predicted house prices to rise 5 percent to 10 percent this year — with potential gains of up to 10 percent. This is called an “up crash” thanks to the government’s homebuilder subsidy scheme which prompted a spike in construction.

Veteran housing market analyst Louis Christopher predicts that capital city house price will rise 5-9 percent in 2021, with Perth, Sydney, and Adelaide leading the strongest growths.

BIS Oxford Economic chief economist Dr. Sarah Hunter believes that demand shock around reduced migration will make apartments cheaper. The falling interest rates will make everything affordable and will spike transactions.

In the coming years, urbanisation will take a halt, as cities will re-asset their strength. The economy will no longer be boosted by major cities, but by various states in the countries.

With such positive changes in all aspects of the property market, it is best to decide your next investment property move. Contact us here or call us on (02) 8814 5275 to book your complimentary strategy consultation.

Median house price: $472,850 (Dec 2020)
Median house rental value: $450 PW (Jan 2021)
Transport: car, bus, bike
Population: 4.817 (2016)
State: Queensland
Size: 3.5 square kilometers
Location: 21.2l southwest of Brisbane CBD

Doolandella is a highly-sought-after suburb located on the outer west side of Brisbane City. It is a residential and bushland suburb located 17km southwest of Brisbane, between Forest lake and Blunder Creek.

Doolandella is connected to the Logan Motorway to the south and the Ipswich Motorway via Blunder Road. Its name is an aboriginal Australian word referring to a yellow fruit that grows in the area.

Real Estate Market
The median property price rose a bit high from last year which is now at $472,850 for houses and $265,000 for units. Investors considering investing in Doolandella can earn house rent of $450 PW and get an annual rental yield of 4.9% on their investment property.

Experts also see that Doolandella will experience a high-demand in the next five years. It’s one of the few suburbs out there that offers affordable and good-sized blocks of land. It’s a great suburb to purchase a big home for under or around $500,000.

Population and Demographics
In the last 2016 census, Doolandella has a population of 4,817 people. It’s 49% female and 51%, male. The median age is 30 years old; this is seven years below the national median age. 55.6% of the inhabitants in Doolandella were born in Australia.

Lifestyle
Doolandella is a quiet and family-oriented suburb. People are generally friendly, and most are highly educated. Doolandella is very close to the large Forest Lake shopping centre and the Inala Plaza. You can find the closest library in Inala.

Public transportation is good in Doolandella. There are plenty of bus stops in the area, and the train station is only a short bus ride away.

Although there are no schools within the suburb, several excellent schools are just a few minutes’ drive from the residential place. Primary schools are in the neighbouring suburbs of Inala, Pallara, Durack, and Forest Lake. At the same time, you can find secondary schools in Forest Lake and Durack.

The city is also close and just about 20 minutes drive from the suburb. The suburb is a safe place to live and work with an almost non-existent crime rate.

Why Live and Invest in Doolandella?
– Doolandella has a healthy real estate market that’s poised for growth in the next five years.
– One of the best things about investing in Doolandella is the availability of affordable real estate options. You can already purchase a big home for under half a million dollars.
– Doolandella is a thriving suburb with a plethora of amenities. It’s a great place for new couples and old families to live and work.
– Doolandella’s transportation makes it easy for people to get around. With several bus routes and a traffic-free road, people can get to the city in just less than 20 minutes.

We’ll get you a property in Doolandella that fits your investment strategy, contact us today on (02) 8814 5275 or here.

Holmview Suburb Profile

Median house price: $367500 (Oct ’20). In general, the house prices are on rise in QLD.
Transport: car, bus, bike

State: Queensland
Size: 4 sq km
Location: 12.5km south of Logan Central

Holmview is a growing residential suburb located in the city of Logan and the state of Queensland. It’s found south of Logan Central and south-west of Brisbane, Queensland’s state capital. Before it became a suburb in 2003, Holmview was designed a locality by Queensland Place Names Board in 1975.

Holmview takes its name from the railway station found in its area which was built in 1885. Before it became a residential hotspot, Holmview was known for its brewery which was established by August Thorsborne. Locals refer to the brewery as the brewery waterhole. In 1891, the brewery was closed due to financial troubles.

Area
Holmview has a size of approximately 4 sq km. It has 4 parks covering 5% of its total area. The suburb is mostly “undeveloped bush” and is bordered in the north by the Logan River.

Real Estate

Holmview’s median sale price was about $367,500 (in Oct 2020), which has then shown an upward trend like the rest of Queensland. The median sale price of Holmview still remains significantly lower than the national average making it a good investment option.

Lifestyle
Living in a suburb bordered by the Logan River and near Brisbane CBD combines the beautiful nature outdoors and the conveniences of modern life. And with a good median property price, it’s not surprising to see why many people are looking to Holmview to stay.

The transportation in Holmview is good but can be better. Commute to Brisbane CBD takes approximately one hour and a half via bus. While around 30 minutes via car.

Holmview has no schools in its vicinity but it has wonderful schools in its nearby suburbs. The nearest primary school is found in neighbouring suburbs such as the Edens Landing State School which is found in Edens Landing. The nearest secondary school is in Windaroo Valley State High in Bahrs Scrub, Loganlea State High School in Loganlea, and Beenleigh State High in Beenleigh.

Population and Demographics
Holmview has a population of 2,351 based on the latest 2016 census. This number was a result of 68.5% growth from its 2011 population of 1,395. Most households are paying an average of $1400 – $1799 of mortgage per month. People in Holmview also work mostly in trade occupations.

Why Live and Invest in Holmview?

  • Holmview is an expanding suburb that has huge potential, because of its strong market conditions, it will attract more investors in the future.
  • Residential pricing is set to rise in the coming years because of the population boom in Holmview.
  • In the coming years, Holmview’s strong job market and low cost of living will attract more people from nearby states.
  • Holmview is a great place to start a family and raise children with plenty of nearby schools, park, and entertainment areas to enjoy.

    We can help you plan your investment strategy and also find the best property for you. Contact us today.

After Australia’s first recession in 30 years, many people are worried about the property market in 2021. Will there be another house market crash? How will consumer confidence affect the property market? According to various forecasts, Australia is anticipating a healthy housing price growth for next year.

Although the exact future of the housing market remains uncertain, we have seen how the market prevailed during the COVID-19 pandemic. If the market survived 2020’s wrath, 2021 can only bring smooth and fast recovery. Experts are certain 2021 will be a year of growth for the property market.

We have seen how property prices increasing in 2020 have defied predictions of a 10-20% drop due to the pandemic recession. So, what’s in store in 2021? Here are some of the market predictions for next year and beyond.

  • ANZ economists forecast price gains of around 9% in all capital cities in Australia. They also predict Sydney prices to rise by 8.8 per cent while Melbourne will slow slightly at 7 per cent.
  • Westpac forecasts a small 5% decline in house prices in 2021 but a 15% surge in 2022 and 2023.
  • Macquarie forecasts a 6% – 7% rise in property price by the end of 2020. This momentum will continue up to 2021.
  • CBA forecasts a 6 per cent peak and a strong rebound in prices in the second quarter of 2021.
  • CoreLogic believes the national home value index will surpass pre-Covid levels in 2021.
  • Rent prices will grow in 2021 as borders open and tourism resumes. House prices in Brisbane will see the strongest growth over the next three years. Recovery in Perth will be long and slow in 2021.
  • House prices will rise in Melbourne just below the pace of inflation
  • Queensland will be rank #1 as the destination for internal migration.

Australian Housing Market Face A Better Year in 2021
Consumer confidence has increased and will increase even more. People are finally spending money and buying stuff again. Business is back from the dead and we’ll see more houses sold again. The rate cut will also give investors more confidence to invest in properties. We’ll see a healthy property market in 2021.

Home loan borrowing will skyrocket.
The industry will be all well again. Last September, Australians borrowed almost $16 billion to purchase new homes or renovate their old ones. This is a huge increase from the 2019 figure. Primarily caused by rock-bottom interest rates and generous government incentives, more people will borrow and buy homes. This is great news for all investors and sellers.

Banks will open for new businesses.
There will be fewer and fewer bank loan deferrals. People will be able to pay their mortgages on time and save more money.

We are positive that 2021 will be a good year for the housing market in Australia. The country is on track to exit the recession and the economy will be well again. Economists believe the nation’s GDP growth will recover sooner than expected.

Are you ready to make the most of these favourable market conditions? Contact us on (02) 8814 5275 or at https://www.mirren.com.au/contact/ for a complimentary consultation.

Brisbane property market set to rise in 2021!

If you’re looking to expand your investment property portfolio in 2021, we highly recommend looking into Brisbane. The River City has become one of the best property hotspots after COVID-19.

Brisbane’s property values remained resilient this year despite the economic problems brought by the pandemic, but new forecasts from ANZ and NAB expects a strong start in 2021.

Finally, after remaining flat over the last few years, the Brisbane property market looks to a brighter start in 2021. Since it’s house prices sunk in June 2019, Brisbane’s dwelling prices have now risen up to 3.5% over the last year.

But that’s not all, we’re still going to see its prices up for 2021. Let’s look at the forecasts made by Australia’s biggest financial institutions: NAB and ANZ.

ANZ reports a solid rise but a slow pace of gains

The latest ANZ housing report shows that house prices will continue to rise until 2021. Reports say that it could even rise to around 8 per cent on average by the end of the year and around 4 per cent in 2021.

The cause of this is found to be the combination of pent-up demand and low volumes. After the border closures and restrictions brought by COVID-19, people will want to start buying real estate again. This will drive huge growth in the property market.

Although there will be a rise in house prices, ANZ also notes that the pace of gains will be slow. This is already happening in December of this year with prices slowing to 1.4 per cent compared to 1.9 in November.

House price recovery has already begun starting in Sydney and Melbourne. Since last May, Sydney and Melbourne’s house prices are now at 9 per cent. Brisbane and Melbourne are very close to reclaiming their peak with Melbourne set to achieve this goal in just a few months.

After these states, other capital cities will follow thanks to low-interest rates and improved access to credit. We’re now seeing Adelaide’s price improve as well as Perth’s. While Hobart will have a slower pace of growth despite strong prices.

NAB expects house price rise in 2021

The National Australian Bank (NAB) expects a rise of around five per cent over 2021 and six per cent over 2020, with house price growth faring better than the apartment sector. According to the report, these outcomes are all driven by state-specific factors.

Brisbane along with Hobart and Adelaide will have the biggest gains with a rise of 7.4 per cent. This is followed closely by Perth at five per cent. Sydney and Melbourne, Australia’s two biggest housing markets will expect a weaker return because of the slowdown in population growth due to the border closures at the start of the year.

In the table below you’ll see NAB’s Q3 2020 forecast. It includes the dwelling price forecast for four consecutive years starting from 2019. It includes Australia’s top 6 capital cities: Sydney, Melbourne, Brisbane, Adelaide, Perth, and Hobart.

Here’s NAB’s Q2 forecast:

What More To Expect?

  • BIS forecasts Brisbane will see the strongest growth over the next three years.
  • Oversupply in the apartment sector will continue to drag down Brisbane’s wider housing market.
  • Prospective buyers will be lured by Brisbane’s affordability. Overseas migrants will want to stay in Brisbane.
  • There will be steady population growth and additional job creations as well as a low unemployment rate.

Make the most of the positive property market conditions in Brisbane. We can work with you to create a profitable investment strategy and find a cash flow positive investment property in Brisbane, in a timely manner.

Call us on (02) 8814 5275 or contact us here for a complimentary consultation.

Median house price: $705,000
Median house rental value: $570 per week
Gross rental yield: 4.3%
Transport: car, train, bike
Population: 457,000
State: ACT
Size: 814.2 square km

Canberra home values remained at a record high in September 2020.
(Source: CoreLogic)

Canberra is the capital city of Australia, located at the northern end of the Australian Capital Territory and is Australia’s largest inland city. Canberra has consistently produced rental market gains for the past 15 years.

Canberra is said to be derived from the word, Kambera or Canberry, which is claimed to mean “meeting place” in an Indigenous language, it is the home to important institutions of the federal government, national monuments and museums.

Considering it is a Capital City, the rental prices are just slightly below when compared to Sydney, whereas the property prices are far lesser, contributing to higher returns.

Canberra has a size of approximately 814.2 sqm and is the hub for the largest flower festival in the Southern Hemisphere – Floriade.

The median sales prices of houses in the area is $705,000, while the median house rent value is $520 per week. Both houses and units have good demand. The gross rental yield for houses comes to about 4.3%.

Investors enjoy one of the lowest rental vacancy rates, which is one of the significant advantages of investing in Canberra.

Employment and Population

The ACT has recorded consistent growth in population over the years with the recent figures coming to 457,000.

The ACT has a strong labour market, with a shallow unemployment rate of about 3.9 per cent, which is even lower than the NSW average.

Enterprise is high along with most employment by the Federal Government, both directly and indirectly.

Lifestyle

Canberra is a great place to live with ample job opportunities, and overall peaceful lifestyle, minimal traffic jams and a large selection of amenities.

With sunshine enjoyed over 246 days a year and with many open spaces bike tracks and parklands across ACT, Canberra is well known for its pleasant environment.

The connectivity is excellent with good roads and public transport, including the Lightrail completed in 2019.

Also called ‘University Town’, it is the city with the highest educated residents in Australia. Home to six university campuses with 63000 tertiary students from around the world;

  • Charles Sturt University, Barton
  • Australia National University (ANU), Acton
  • University of New South Wales, Campbell
  • University of Canberra, Belconnen
  • Australian Catholic University, Watson
  • Australia National University Medical School, Garran
  • Being a relatively small city, it hosts the third largest student population in Australia.

With great affordable property prices, business enterprise & public sector job opportunities on the rise, Canberra is a great Property Investment opportunity.

We can work with you to create a profitable investment strategy and find a cash flow positive investment property in Canberra.

Contact us on (02) 8814 5275 or at here for a complimentary consultation.

Median house price: $454,000
Median house rental value: $380 per week
Transport: car, train, bike
Population: 2,504
State: Queensland
Size: 16.9 square km
Location: 10km south of Logan Central

Park Ridge is a suburb located around 10 km south of Logan Central in Queensland, Australia, and 26km south of central Brisbane. Once a rural region known for its agricultural lands and bushland, Park Ridge is now a developing low-density residential suburb.

Many people mistake Park Ridge as a modern real-estate area but the area itself is actually over 100 years old. Before it was named Park Ridges, the area was called Logan Ridge.

Park Ridge has a size of approximately 16.9 sqkm. It has 8 parks covering around 0.7% of its total area.

In 2011, 77.5% of the homes in Park Ridge were owner-occupied compared with 74.5% in 2016. Currently, the median sales price of houses in the area is $454,500 while the median house rental value is $380 per week.

Park Ridge is one of the many suburbs in the area including Park Ridge South, Logan Reserve, Crestmead, Heritage Park, Regents Park, Boronia Heights, and Greeenbark.

Developments and Real Estate Statistics
Recent developments include the Crestmead Logistics Estate, which is a new business estate with construction of around $1.5 billion dollars. It’s said to be Queensland’s largest industrial project which also aims to bring more than 6000 new jobs and commercial business to the area.

Logan City Council also envisions development for the Park Ridge Master Planned Area which will provide 8,000 jobs by 2026 and a population increase of 30,000 people. There will be urban communities, more employment areas, and infrastructure that will provide community facilities. Despite the urban planning, Park Ridge wants to make the most of its natural assets so it remains one of the most nature-rich areas in QLD.

Looking at its average 5-year gains, there is long-term growth in the area. Compared to other Australian suburbs, Park Ridge had a weaker performance when it comes to an appreciation of property value.

Lifestyle
Living at Parks Ridge will connect you and your family with the large selection of amenities in the area. This includes the 8 parks, hotels, local retail centers, schools, and medical facilities.

Schools on Park Ridge include the Park Ridge Primary School, Park Ridge State High School, Parklands Christian College, Park Ridge Early Childhood Centre, Park Ridge Preschool, and Park Ridge Childcare & Preschool.

Overall, Park Ridge is a peaceful, quiet, clean, and neighbourly community perfect for professionals, singles, retirees, as well as old and new families. It might not be as convenient as its 30 kilometres away from Brisbane CBD, but the suburb is growing and has loads of potential.

Population and Demographics
The population of Park Ridge in 2011 was 2,328 people. After five years, in 2016, the population grew to 2,509 showing a population growth of 7.8%.

The median household income in Park Ridge is $67,756.

Great commercial development creating ample job opportunities, situated close to the city while providing a great residential location, Park Ridge is an ideal investment property hotspot. We can help you plan your investment strategy and also find the best property in Park Ridge. Contact us today.