By Elizabeth Tilley - The Courier Mail
SAVVY investors would be wise to follow in the footsteps of Queensland’s treasurer and buy property near mega-projects such as Cross River Rail and Brisbane Metro, new research shows.
Research from Place Advisory reveals house prices in suburbs like Albion, Woolloongabba and East Brisbane are set to spike as a result of improved public transport and longer term regentrification as a result of the city’s multibillion-dollar infrastructure pipeline.
Place Advisory residential research director Lachlan Walker said it was hard to put an exact number on the potential impact, but house prices within a 1km radius of new public transport nodes could increase by seven per cent to eight per cent — potentially 50 per cent more than the average price growth expected for Brisbane as a whole over the next few years.