What are Brisbane property hunters looking for?
If there is any information that property investors want to have at their disposal, it is knowing exactly what people want when they go in search of a rental property.
There are several factors that traditionally draw people to a particular area – its amenities, physical location and infrastructure are just some of the major considerations.
Buying a Queensland rental property in Brisbane gives plenty of access to most of the things that people are looking for when they move – but what are their priorities?
Schools take priority
The number one factor that people take into consideration when they move to Brisbane is schools, a poll commissioned by Slater & Gordon Conveyancing and carried out by McCrindle Research has shown.
Quality educational facilities are not hard to come by in the state capital, but finding property that is within easy reach is not quite so easy to achieve.
As children get older, families don't want to have to relocate every time their child moves to the next school, making this another area for investors to think about.
Having a provision of schools on the doorstep has its advantages for investors, as they can market their property to families and hopefully secure a long-term rental agreement.
Work, shops and transport need to be close by
Other factors that people look for when they go in search of a property are proximity to work, shops and transport, the survey – reported by News Limited sources – revealed.
Again, these are not in short supply in Brisbane, but this does not mean that investors shouldn't carry out the necessary research before making a purchase.
Brisbane has a diverse range of public transport options, which make it easy for the majority of people to get in and around the city.
CityCat and ferry services are a popular choice among those living in the city's suburbs, while buses and bike hire schemes help to keep inner-city dwellers connected.
As for shops, the CBD has its fair share of big name brands – but not at the expense of outlying areas.
Suburbs throughout the city have developed their own identity, with retail opportunities generally reflecting this.
Nundah has made a name for itself as a destination for property hunters. Its proximity to Brisbane and provision of services make it a must-see for any investor.
Nundah Village is a great place to explore retail opportunities, not least because of its favourable location and parking facilities.
It draws in plenty of locals as well as people from elsewhere in the city, making it an important part of life in the Queensland capital.
The area also has more to offer families, thanks to the highly sought after St Joseph's Nudgee College.
This facility is high up on many parents' wish lists and should be a consideration for anyone seeking an investment property for families in the area.