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Pictured is Velocity Property Group’s Oakridge apartments in Taringa. “Woolloongabba is a typical inner-city suburb with pockets of commercial and light-industrial property, which has been transformed in recent times through gentrification,” he says. “There are a number of hospitals, medical centres and clinics, which increases the demand for property in this area from people who work in the medical/para-medical profession.” Mr Koulizos says Annerley’s selection is due to its accessibility to the city as well as the number of private and public schools in the suburb. “The ideal sites are those that are situated on the river side of Annerley Road that have elevated views,” Mr Koulizos says. Metropole senior property strategist Brett Warren’s top three Brisbane suburbs for small property development are Everton Park, Greenslopes and Taringa. Everton Park’s selection is due to its expanding infrastructure as well as the dearth of quality development sites, he says. “The key here is shortage of land, though, and more accurately a shortage of quality land with the right zoning. As a result there are some really good land-banking opportunities with good returns. “Keep an eye out for smaller townhouse sites and sites within 200 metres of a major shopping centre that can now be subdivided under the new council regulations.” The inner-city suburb of Greenslopes made Mr Warren’s list as its prices have not increased as much as other similar locations, plus gentrification was under way, with older homes being renovated or becoming new development sites. Meanwhile, public transport options make Taringa an attractive option, Mr Warren says, which is also the gateway to Brisbane’s western suburbs.
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