Lot 62 New Road, Burpengary QLD 4505 – Woodhaven Estate
Just 45 minutes from Brisbane CBD, Burpengary has experienced significant growth over the last 2 years and over 7.5% growth in the last year. This equates to around $48,000 in equity over the recent 12 month period to Oct 2023.
This house and land package is located within the Woodhaven Estate, a boutique collection of properties. Your tenants will be only minutes away to their own park and playground area, while also being just 5 minutes away from Burpengary Plaza, the major shopping centre in the Suburb. This ideal location will ensure your property’s desirability to potential tenants in the area.
- Price: With Burpengary’s median house price at $650,000, this property will likely have instant equity from the moment you settle. The area of Moreton Bay, which Burpengary sits within has a median house price of $700,000. This gives Burpengary and this property specifically, plenty of room for values to be pulled up but neighbouring Suburbs and properties, ultimately fastening your equity gain and wealth creation.
Ongoing Capital Growth Potential: Burpengary continues to perform strongly given the area’s proximity to Brisbane, it’s modern infrastructure, and increasing demand for housing. Again, with neighbouring areas with a median prices around $100,000 more, Burpengary property owners can anticipate ongoing appreciation in property values. This is further supported by population growth drivers being well above the national average.
- Strong Rental Market: Burpengary is an appealing destination for tenants as it boasts an array of community amenities including multiple schools, shopping centers, parks, and recreational facilities. These amenities enhance the suburb’s appeal to renters and owner occupiers alike. This is evidenced with by it’s low vacancy rate of 1.18%, and a rental population of just 24.35% – highlighting the demand for rentals outweighing the supply, which is also a great sign for future rental yield and cash flow for investors.
- Employment Opportunities: Burpengary is part of a thriving region with increasing employment opportunities to match the strong population growth. This bodes well for investors, as a growing workforce typically translates to greater rental yields and will continue to put upward pressure on housing prices.
|Home area||155 m²|
|* these figures are an estimate only, based on current average rates and current relevant figures.|