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Photo: AVJennings These are the top Brisbane suburbs if you’re thinking of delving into small development More and more Queensland investors are delving into small development, but they Mortgage broker pop over to this website must select the right suburb to help secure potential profits. So which Brisbane suburbs do the experts recommend for the best small property developments this year? Peter Koulizos, the “Property Professor”, says the right suburb selection is vital to ensuring profits can be maximised and the chances of losing money minimised. There is a strong demand for property in Woolloongabba due to its proximity to hospitals and medical services. Photo: Tony Moore “In regards to location, the key factors to consider are proximity to the CBD and amenities such as public transport, shops and schools,” he says. Mr Koulizos’ top three Brisbane picks for small development are Herston, Woolloongabba and Annerley. Herston’s medical precinct ensures it has a ready supply of potential tenants and buyers for new developments, he says, as does Woolloongabba. Quality sites in Taringa are “difficult to come by” but Brett Warren describes it as a “bullet-proof location”. Pictured is Velocity Property Group’s Oakridge apartments in Taringa. Mortgage broker Oak Laurel Nundah, 0430 129 662 “Woolloongabba is a typical inner-city suburb with pockets of commercial and light-industrial property, which has been transformed in recent times through gentrification,” he says. “There are a number of hospitals, medical centres and clinics, which increases the demand for property in this area from people who work in the medical/para-medical profession.” Mr Koulizos says Annerley’s selection is due to its accessibility to the city as well as the number of private and public schools in the suburb.
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