Brisbane townhouses are proving to be “the best of both worlds” according to the Real Estate Institute of Queensland, as their popularity skyrockets amongst both buyers and renters.
REIQ September quarter data reveals that nearly 20% of all unit sales in Queensland were townhouses, while Residential Tenancies Authority (RTA) data shows that the number of three-bedroom townhouses being rented in Queensland has increased by more than 80% in ten years.
This statistic sits in marked contrast to the 3% increase in three-bedroom houses being rented over the same ten-year period, indicating a marked shift in tenant preferences.
“Townhouses are usually priced midway between houses and units so they are the best of both worlds really. They are attractive to buyers who desire a larger property, which is still affordable, but is located closer to the city or entertainment precincts,” said REIQ managing director Dan Molloy.
“Many people, whether they are buyers or renters, still want a three-bedroom property but don’t want the hassle of general home maintenance such as spending your weekend mowing the lawn or weeding the garden, so townhouses can offer the perfect solution.”
So where should an investor head to in order to cash in on this tide of change? The top three Brisbane postcodes for rental townhouses are as follows:
Aussies have bigger priorities than money
Non-banks join rate cut action
Mortgage arrears continue to fall
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
st kilda west
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out