Lot 12 EdenBrook
|Market rent||$370 p/wk|
|Address||Lot 12,Cloverdale Rd|
Expression of interest
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With excellent transport links to Ipswich, the Gold Coast and just 17km to the Brisbane CBD, Doolandella is nestled between the suburb of Inala and the master-planned estates of Forest Lake.
Doolandella continues to undergo significant gentrification in the form of substantial building activity and upgrading of services. The development site is located within excellent proximity to shopping facilities, transport, schools and the proposed Woolworths within close walking distance.
This development has a contemporary architectural edge with 33 spacious two-story townhouses most with only one shared wall. The street appeal is substantial and the townhouses enjoy a leafy outlook.
The location has a High Demand : Low Supply ratio. Which means that buyers can secure quality property at todays prices and with just a 10% deposit, secure up to 12 months of capital growth on the project prior to settling.
This is an offer to purchase one of the 33 townhouses being offered for sale off-the-plan in this boutique complex of architecturally designed townhouses.
Ideally located, Doolandella is just 19 mins by car into the Brisbane CBD.
Properties in Doolandella are selling 17% faster now (in 94 days) than 12 months ago (in 109 days). A clear indicator of the Supply : Demand market getting much tighter.
Rental yield is calculated as the annual rent divided by the property purchase price x 100.
Higher than average rental yields (5.1 - 5.7%), make Doolandella a very attractive, which in turn drives purchase prices higher.
When prices increase faster than rents then the rental yield drops - That is what is starting to happen in Doolandella, making this the ideal time for off-the-plan to fix the buy price today and benefit the growth upward market trend before settling.
Around 55,000 new residents relocate to South East Queensland (SEQ) every year and have been doing so for the last two decades, making it Australia's fastest-growing region (Source: Australian Bureau of Statistics).
With solid employment growth, a growing population and a serious undersupply of housing stock, SEQ is poised for capital growth as demand outpaces supply.
New units in Doolandella command higher rents generally and vacancy rates are very tight at less than 1%. The industry benchmark of 3% reflects a healthy and balanced property market. Doolandella is clearly in high demand by tenants ideal for folk working in and around Brisbane. With 30% of all Doolandella occupiers being renters this is unlikely to change soon.
Logan Central has been identified as a major activity centre. Major activity centres are defined as areas with concentrations of employment. They provide business, services, and retail functions, and are a secondary sub- regional focus for government. Major centres also provide cultural and entertainment facilities, and are part of the regional public transport network.
WHAT ARE THE CAPITAL GROWTH DRIVERS?
Proximity to Brisbane - Doolandella is part of the 'Golden Triangle' with superb road and public transport access to Brisbane, Ipswich and the Gold Coast.
Affordability - Doolandella is currently very affordable when compared to similar areas with close proximity to Brisbane. These units are priced below comparable properties coming onto the market today.
Road infrastructure - already significant catering for this growth corridor making for easy commuting.
Beacons and Bellwethers - Experienced property investors know groups like Woolworths, Coles, DJ, Myer, spend vast sums on research and forecasting population growth which in turn can push up surrounding property prices. A new Woolworths is coming moments away from Eden Brook.
Woolworths Doolandella, Blunder Road - Woolworths won an appeal in February against an initial refusal of its development application by the Brisbane City Council. Planned is a 3000 sq m centre with a supermarket and specialty retail shops, plus the removal of a park to accommodate up to 173 car spaces.
Ripple Affect Potential - neighbouring Doolandella suburbs like Forest Lake and Calamvale are more expensive (around $380,000 for similar properties) which bodes well for a potential ripple affect on Doolandella prices.
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