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Place CEO Damian Hackett said he expected substantial growth in the $500,000 to $800,000 housing market, with middle city suburbs leading the way. “The dramatic increase in property prices in Sydney and Melbourne over the past few years has dried up affordable investment housing stock,” he said. The suburb of Aspley is set to do well with interstate investors according to real estate agent Damian Hackett. Photo: Supplied “We predict Mortgage brokers Oak Laurel Carseldine, Carseldine QLD 4034, 0430 129 662 there will be rising competition in Brisbane as interstate investors look to the city for prospects.” Mr Hackett said his office was fielding a lot of inquiries from buyers’ agents down south. “It’s been well documented that the inner city suburbs are in demand and they will continue to do very well – but it’s that next ring out that’s now attractive and increasing in demand,” he said. “The mid to outer ring is where affordability lies. “If investors are looking for capital growth, anything in that $500,000 to $600,000 price bracket is going to do well. “If you can get something on a block of land as close as possible to the CBD and close Mortgage brokers Oak Laurel West End, 0430 129 662 to infrastructure (shops, transport), you’ll do well.” He named Aspley as one to watch on Mortgage brokers Brisbane North helpful hints the northside and Wakerley and Wynnum in the eastern suburbs. In the south, he said Yeronga, all the way through to Sunnybank, was in high demand. David Lazarus of Belle Manly confirmed the $500,000 to $700,000 price range was very competitive. “If you can get your hands on one, you can sit on it for a couple of years and know that it’s only going to do well,” he said.
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