Revealed: Best Brisbane suburbs for flipping

By Gerv Tacadena | 07 Sep 2020

Brisbane buyers are taking advantage of the current market conditions, adapting a fixer-upper strategy that provides substantial equity boost, says an expert.

The strategy is apparent in some suburbs in Brisbane, where buyers are able to grow their equity by rebuilding homes, said Melinda Jennison, managing director of Streamline Property Buyers.

"It really is a case of destruction plus construction equals profit. When you actually run the numbers, the tactic makes sense, but location is crucial, otherwise you’ll be left out of pocket," she said.

Melinda said ideal locations are typically near-city areas where it is easy to demolish an existing home and build a new one.

"The surburb must also have wide price disparity between new and existing homes, gentrification, strong family-buyer demand, and desirable attributes such as views," she said.

Wavell Heights is one of the suburbs where the flipping strategy is widely used. It is only nine kilometres away from the central business district and is dominated by detached homes on generous allotments.

"Wavell Heights has huge price disparity — the difference from the entry price to the exit price is significant because the end product is so highly desired by the local buyer demographic," Jennison said.

Seven Hills is also a good suburb for the flipping strategy, Jennison said. Located only five kilometres from the CBD, the suburb also has a significant price disparity, allowing for a significant equity boost.

Gordon Park is another attractive option due to its proximity to infrastructure and services. It has a “parkland” lifestyle that could be very popular for family buyers, Jennison said. Other popular suburbs for property flippers include Corinda, Alderley, and Tarragindi.

Jennison believes the flip-for-profit strategy makes sense as competition for high-quality homes becomes tighter due to the shrinking number of listings. This gives builders an upper hand as they can capture the demand from executive-level buyers who are choosy about their homes and are unlikely to look in the existing pool of listings.

"We were seeing strong net interstate migration prior to the crisis. While this momentum has slowed due to border restrictions, there’s no doubt once they’re lifted, huge numbers of southerners will make Brisbane their new home," she said.

Top Suburbs : south brisbane , redcliffe , stafford hts , tiwi , belmont

SHARE

Get help with your investment property


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 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 an appointment is free.

 
How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here