Suburb Spotlight: Acacia Ridge
Each week we focus on a new suburb in our area, giving you the lowdown on
what’s happening all around Brisbane. This week we’re looking at Acacia Ridge.
Acacia Ridge has seen a large number of sales recently, with over 142 properties
selling in the past 12 months in the area. As one of the most affordable suburbs
in South Brisbane, it has a great appeal to those on a budget.
Demographics and Demand
This area is currently popular with retired Australian couples, and first home
buyers. However, there has been a recent trend towards both overseas and
local investors looking to purchase to develop new townhouses, with
affordability once again being a key factor.
Needs and Necessities
With the local Elizabeth Street Shopping Centre providing both grocery stores
and other necessities (such as a medical centre and dry cleaners), and the
nearby Acacia Rdige State, Watson Road State, and Aboriginal & Torres Strait
Islander Independent Community Schools providing for education, it’s easy to
see the appeal this location holds for families and couples.
With a median price of just $378,000 (significantly lower than the $485,000
national average), yet forecast growth of 6-8% in the coming years, Acacia Ridge
is well-suited to both those looking to buy a first home now, and investors looking
to grow in the coming years.
Get in touch with us today to see what we can do for you.
2016, ‘Acacia Ridge QLD 4110’, Propertyvalue.com.au
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee
or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.