Brisbane Property Investment
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Moorooka Links | Moorooka - Brisbane - Queensland
Investment properties in and around Brisbane City are currently offering strong growth and returns, and Moorooka Links is no exception....
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Queensland’s affordability and lifestyle has given it the fastest growing population in Australia with nearly 100,000 people migrating to the state every year.
Brisbane is currently historically low rental vacancy rates and housing shortages are expected to push rents up a further 25%* and rental demand in thriving Moorooka, the site of Moorooka Links, has made it one of Brisbane’s top capital growth suburbs.
Moorooka’s population growth is close to 4%*, and the suburbs predominant age group is between 30 and 39 years. Close proximity to schools, Tafe Colleges and Griffith University, a large shopping complex and a whole range of recreation facilities has made this suburb a target for astute investors.
Moorooka Links Research – The Market
According to Propell National Valuers Residential Overview Moorooka is Brisbane’s 4th fastest growth suburb with a median house and unit growth of 31.4% in the last September quarter.**
Despite the economic slowdown the median price for Moorooka units in the 3 months to March 2009 rose by $3,500 or 2% from the December quarter with an 11% increase in the last 12 months.*
The median asking price for rents rose by 3% in the same quarter and the gross annual yield by 4% with an annual rental yield of 4.8%. The current price of 1970’s (2 bed 1 bath) home units in Moorooka is around $300K with an average rental return of $290 per week.
* Based on sales reported to Australian Property Monitors
** RPData
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Moorooka Links Facts & Figures:
Moorooka The Suburb
- Size approximately 4 km².
- Parks 16 covering 5% of the total area.
- Schools 2 schools and 2 childcare centres
Moorooka – The Demographics
- Population (2006 Census) 9,200
- Predominant Age Group – 30-39 years
Moorooka – Household Ownership
- Owner Occupation 62 % (2006 Census)
- Average Mortgage Payment $800 to $1,000 per month.
Educational Qualifications
- 43% of population are educationally qualified (2006 Census)
Moorooka Most Popular Employment Industry Sectors
- Property & Services, Health & Community Services and Retail accounted for 37.6% of the employed resident population.
Moorooka Residents in Households
- 65.3% households are either one or 2 person dwellings.
Moorooka Home Ownership and Rentals
- 60.8 % fully owned occupied or being purchased
- 32.6% rented
Moorooka Types of Dwellings
- Stand alone Housing 70%
- Medium Density 20%
- High Density 5%
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