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Our top buying picks for Brisbane’s inner-west

Our top buying picks for Brisbane’s inner-west

Townhouses present a great buying opportunity throughout Brisbane’s inner-western suburbs.

Even with the influx of new apartments still being absorbed by the market, townhouses offer an appealing alternative for buyers.

In our western suburbs, solid, well-built townhouses can be found tucked into peaceful side streets with leafy surrounds. Their two-storey design provides a more spacious living option, and often extend to enviable outdoor areas and private courtyards.

Sold | 11/82 Russell Terrace, Indooroopilly $540,000

Ranging between $450,000 to $650,000 and boasting lower body corporate fees than the resort style apartment buildings, these townhouses have the potential for great long-term growth.

They are ideal for young couples, enabling them to hold onto the property as an investment, when their growing family requires them to take the next step up the property ladder. For those downsizing, a townhouse allows retirees to enjoy a garden and pet friendly residence, on a more manageable scale.

Sold | 5/12 Augustus Street, Toowong $662,058

As Australia’s demographics shift, and couples are marrying and having families later in life, there is a trend towards more single occupant ownership. First home owners are no longer waiting for ‘the one’ before they step into the property market, with townhouses becoming increasingly sought after by them.

For investors, an expected rental return of $400-$500pw can be achieved for a two bedroom townhouse, depending on the condition and size of the property. Whilst a three bedroom townhouse can return $500-$650pw.

Leased | 4/123 Indooroopilly Road, Taringa $550pw

Townhouses will continue to provide an appealing alternative for a wide variety of buyers into the future. As demand continues, combined with a lower number of townhouses available, we believe it is a top buying pick for Brisbane’s inner-west.

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Byrony O'Neill

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