In this section, we take a closer look at the region North West of Brisbane CBD so you have a true understanding of the area and its surrounds. We digest the data that matters and take a look at the lifestyle elements that make North West Brisbane the region it is.
<Based on Ashgrove>
The population has increased since 2011 by 0.94%
3.6% of properties in the region
are unoccupied. We don't like the rate to be above 2%
The vacancy rates in the region
have remained steady since 2015
Example Purchasing Feasibility
Average Days on Market
65 days on average to sell a home
Auction Clearance Rates
Ratio of Renters to Owner Occupied
28.4% are renters / 71.6% are owner-occupied. We prefer renters to be under 35%. More owner occupiers generally mean properties are better looked after in the area and greater demand for tenants if for an investment
Supply vs. Demand
DSR (Demand Supply Ratio) score of 58. The DSR is a number out of 100 that gauges the demand relative to supply for a residential property market. We look for this to be always over 50. 60 is great, 70 is excellent
(Asset to Income)
24.84%. This is the percentage of the household income that goes towards paying a mortgage. We like this to be under 40%
Monthly Household Income
Recent Sold Price Range
Un-renovated: $750k - $1.1m
Renovated: $1.6m +
For Sale Now (Online)
Houses - 39
Median House Price
Combined - $983k
3-bed - $759k
4-bed - $1.023m
Median Rent & Gross Rental Yield
$550 / 2.9%
Last 12 Month Capital Growth
Yes. Opportunity to add value in two common ways; 1. Cosmetic, 2.Extension with an additional bedroom
Train to CBD - 17 mins
Bus to CBD - 15 mins
Car to CBD - 10 mins
The North Brisbane Region
The suburbs in this region that we like and would target are Ashgrove, Red Hill, Paddington and Wilston. These are all located in the North West of the Brisbane CBD and in close proximity to Brisbane Airport.
We are going after a really solid blue chip region within 4-5km of the Brisbane CBD. This region still boasts great access by public transport into the CBD, however, has a really nice suburban feel to it. The suburbs all nestle to the North of the most desirable private school in Brisbane, Brisbane Grammer and Brisbane Girls Grammer.
Housing in the region is quite simply - amazing Queenslanders. The majority of properties in this region are smartly renovated, which gives you a fair indication that the streets, houses and general area is well looked after and is always looking great.
What we like to do:
Buying in Brisbane on your budget allows us to get into the best suburbs, on the best streets with the best views. Quite simply, we are chasing Queenslanders that present amazing character, that are unrenovated and have city or district views or the potential to gain city or district views if extending/adding to the property. The property would provide an amazing owner-occupier appeal in its current condition, but seeing past this, has the ability to be turned into a beautifully renovated inner city home.
It is important to note, vacancy rates in this region are albeit slightly higher than what we would normally like, however, combating this comes in the form of purchasing a property that is desirable and purchasing the property under the conditions that we have a longer settlement period and ability to show prospective tenants through the property during that settlement period.
What's Social Media Is Saying
* Milk Chocolate price data used on this website is sourced and relies upon information supplied by a number of external sources (including governmental authorities). This data is supplied on the basis that while Milk Chocolate believes all the information provided will be correct at the time of writing, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by you, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information on this website through any cause whatsoever and limits any liability it may have to the amount paid to the external sources for the supply of such information.