The city of Brisbane and its surrounding areas are starting to boom, and now is the time to invest in the area. With the Gold Coast hosting the Commonwealth Games in just under a year, the government is investing more and more money into infrastructure, transportation, and roads within the area to help manage the amount of people that will flock to the cities during the Games.
As the Sydney market is becoming harder to buy in to or even get a rental property, which is why many people are heading north to QLD to escape.
A great up and coming area just on the outskirts on Brisbane CBD is Richlands. Located 15kms from the CBD, this suburb is set in a prime position within South East Queensland’s western corridor. With its location being still so close to Brisbane, Richlands has a strong economic and population growth.
Some more specific facts about Richlands:
- 20,000 new residents
- Demand for more than 3,000 new dwellings
- Mostly young families and couples
- Strong Rental demand, with 57% of residents being renters
- High demand for 3 or 4 bedroom houses in the area
- Known as the 2nd largest employment hub within the Brisbane City Council area outside of the CBD
- Located at the cross over between Ipswich M7 Motorway & Centenary M5 Motorway • Direct access to the Logan Motorway, Brisbane Airport and Port of Brisbane
- $400 million upgrade to Ipswich Motorway between Darra and Rocklea
- High level of recreational offering in the area
Sienna Grove is a new estate being built in the Richlands area. Its location is ideal for those looking for a great investment. Some more specific Estate information:
- 2 minute drive to Richlands train station & Bus interchange from the estate
- 2 minute drive to local Shopping Centre (Woolworths, specialty stores)
- 3 minute drive to Richlands East State School
- 1km from Brisbane West Indoor Sports Centre (largest indoor sporting complex in the area)
- Direct 5km employment radius includes; major distribution centres, car retail, industrial manufacturing, commercial offices, trade centres
- 25 minutes’ drive to Brisbane CBD
- 30 minutes by train to Brisbane CBD
- 35 minute drive to Brisbane Airport
- 45 minute drive to the Gold Coast
For more information about this area or other areas in the region, contact us on (02) 8814 5275
We also have our featured Investment Property of the Month in Richlands and don’t forget to use our free property investing calculators to calculate out all your costs and how much you can borrow to invest on our Investment property Area of the month or any other Property Investment.
We also have a free costs guide to help make sure that you make the right property investment decisions.