BRISBANE’S real estate hot spots are moving further away from the city centre, with the country’s top demographers singling out a 9km-wide ring in middle suburbia for a growth “explosion”.
Brisbane’s middle-ring suburbs the next big thing in real estate
BRISBANE’S real estate hot spots are moving further away from the city centre, with one of the country’s top demographers singling out a 9km-wide ring in middle suburbia for a growth “explosion”.
Demographer Bernard Salt, a director of accounting firm KPMG, yesterday picked out a ring of more than 110 suburbs, located 6-20km from the Brisbane central business district, for “the next big thing” over the coming decade.
Suburbs in the zone run the gamut of the alphabet from Acacia Ridge to Zillmere and everywhere in between, from Boondall to Sinnamon Park, Taigum, Mt Gravatt and Chermside.
Mr Salt said more than 12,000 people were being added to that ring each year. “I actually think this is territory that we’ll see evolve and grow and expand in the next
decade,” he said.
“Over the last 20 years, it’s really been about development inside 5km of the CBD and we’ve also seen the expansion of suburbia, out to Caboolture, down to Beenleigh.
“It’s the intensification of middle suburbia I think that is the next rung, the next big thing from Chermside through to Strathpine to Mount Gravatt, that, to me, is the territory to watch going forward.”
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