Property Market Experts Recommend Buying a Unit in Keperra

Photo Credit: Google Maps

Amidst Brisbane’s sizzling property market, experts said that investors should consider buying a unit in Keperra, where locals are more likely to list their property within the next five years.

In Brisbane, Keperra landed on the sixth spot of suburbs where homeowners will likely unload their units, alongside Banyo, Mackenzie/Burbank, Northgate, Goodna/Springfield, Rochedale, Redcliffe/Scarborough, Redland Bay, Bulimba and Carina/Carindale.

Photo Credit: Westpac 

With house hunters growing competitive in the hot market where supply is tighter, a survey commissioned by Westpac revealed that listings will increase in Australia by 39 percent as sellers are “driven by confidence in getting a good return on their home.”

“While the report found houses are most in demand, units and apartments still remain a popular option – particularly among younger buyers who are more likely to seek the convenience and access to local cafes, restaurants, and bars, as well as downsizers who might be seeking a coastal lifestyle,” Westpac’s Managing Director of Mortgages Anthony Hughes said.  

Buyer agency Metropole director Brett Warren also recommended investing in a property in Keperra now, when the rates are still affordable but the suburb is still charging for growth in the coming years. 

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Mr Warren nixes investing in hotspots as he believes these areas will quickly become the “not-spots.” He said a low-key suburb like Keperra is one of 15 noteworthy suburbs with strong potential for growth in the coming years and should be on the buyer’s demand watch.  

A budget of $650,000 is more than enough for investors to own a nice home in a cosy, homely and neighbourly community within 10 kilometres of the central business district which has all the amenities.