Why prestige suburbs aren’t always the best investment option
High crime rates, lots of units, more chip on shoulder than blue chip; meet some of the best suburbs for property investment.
Unit prices in the Brisbane suburb of Beenleigh and surrounding areas have risen by around 30 per cent or even more. (Image source: Shutterstock.com)
It’s surprising that despite all the evidence to the contrary, many people still believe you have to buy in prestige suburbs, close to the CBD, to get the best capital growth.
Many investors wrongly think if you can’t invest in these so-called blue chip markets
it’s not really worth the effort.They are wrong.
The same goes for those who think investors should avoid downmarket locations, outer suburbs, regional town or unit markets for that ma…
