Act fast to get in to these suburbs

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThis ‘iconic Straddie beach shack’ has recently been renovated.Called Cabana, the recently refurbished house is on the market for the first time in almost 50 years. It is listed with Discover Stradbroke.Also on the market is 41 Cumming Parade — a five-bedroom house that comes with its own tiki bar and views over Home Beach. It is listed with Ray White North Stradbroke. And this house comes with great views and its own tiki barMeanwhile, Buccan, a semirural suburb in Logan, has many large acreage properties suitable for families. While there are no schools, there are plenty in the adjoining suburbs. The median house prices in Buccan is $638,535 with 12.2 per cent capital growth over the last three years, according to RiskWise. The median equity is $211,180 with a percentage of 53.7 per cent.Closer to the CBD, the leafy suburb of Herston has a mix of heritage and new homes. The latest data from CoreLogic shows that just 12 houses have sold in Herston in the past 12 months, with the median house sales price now $774,500.A search of revealed available houses in short supply, with just three currently on the market. Harcourt Solutions agent Alan Woo, who works in the Herston area, recently told the Courier Mail that they always had a list of potential buyers keen to get in to the suburb.“Many of the houses are held for a long time and we see a lot of older owner occupiers now selling up and younger owner occupiers wanting to move in,” he said.Of the three available houses, one is being marketed by Place New Farm — a four bedroom Queenslander at 46 Garrick Terrace. The Herston house — listed with Place New Farm — was one of only three on is close to the Royal Brisbane Hospital, Kelvin Grove QUT and CBD, and falls within the catchment of Kelvin Grove State College — major selling points for Herston. This ‘iconic Straddie beach shack’ is on the market.Buccan is next at 18.2 years followed by Herston (17.2), Pallara (17) and MacGregor (16.3).RiskWise CEO Doron Peleg said when an area enjoyed such long holding periods it meant the suburb generally provided “something outstanding” for its residents such as a strong community, location and proximity to employment or the CBD, good schools, transport and services.“If a suburb has some of these characteristics people don’t see any reason to sell. Basically, they don’t want to leave,” Mr Peleg said.“So, unsurprisingly, we see strong demand, solid capital growth and usually short time for days on market.”But getting on to the Point Lookout property ladder has only gotten tougher, with the average hold period now up to 21.1 years, according to the latest CoreLogic data run.Twenty-two houses sold in the past 12 months, with the median sales price now $975,000 — up 30.9 per cent in five years.Only 1.5 hours from Brisbane, Point Lookout is a tourist destination with many of the homes leased out to holiday-makers for part of the year.On the market is the “iconic Straddie beach shack” — a two bedroom cottage at 13 Mooloomba Rd, Point lookout. Beach shack at Point LookoutIF you want to get a property in these five suburbs — good luck! New research has revealed which Brisbane suburbs are the hardest to crack in to.RiskWise Property Research has analysed data from property data experts CoreLogic and revealed that Point Lookout on North Stradbroke Island is the longest held suburb in Greater Brisbane.The island tourist town has an average hold period of 19.7 years, well above the Greater Brisbane average of 11 years.last_img