rbaproperty.com.au

Properties near transport links and where there is a substantial improvement in infrastructure will see the best growth in 2010 according to a new report. With Property prices forecast to increase around 10% and still low interest rates, property investors will lead the surge back into property investment. Rental returns are healthy and finding good quality properties will provide a solid long term investment.

Property group PRDnationwide released its annual prediction for Brisbane hotspots for 2010 which listed Chermside as its top pick for next year’s best performers.

“Suburbs have been chosen based on current pricing levels, infrastructure, property trends, access to amenity and other factors,” said Aaron Maskrey, research director with PRDnationwide. “Property’s proximity to reliable transport nodes that provides easy access to employment is key. Congestion looks to strangle many major Brisbane roads, so alternative routes or modes of transport are crucial,” he said.

Maskrey said despite the upheaval in the property market, he is confident his 2010 picks will be a good growth story. “Investors should look for bargains in good suburbs and sort out their finances to make the most of the low interest rates,” he said.

Top 10 hotspots for 2010
1. Chermside
2. South Brisbane
3. Annerley
4. Fortitude Valley
5. Hemmant
6. Indooroopilly
7. Cannon Hill
8. Bracken Ridge
9. Woolloongabba
10. Red Hill

Source: www.prdresearch.com.au