Suburb In The Spotlight!
Suburb in the Spotlight!
Nundah, Brisbane
Location: Nundah is a suburb located approximately 8 kilometers north-east of Brisbane's central business district (CBD). It falls within the local government area of the City of Brisbane. The suburb's strategic location also offers proximity to Brisbane Airport, a major transportation hub.
Proximity to Brisbane Airport: Nundah's proximity to Brisbane Airport is a significant advantage for residents. The recent expansion of the airport's second runway has increased its flight capacity, putting it on par with major international airports such as those in Hong Kong or Singapore. With planned upgrades to the terminal, Brisbane Airport is poised to become a gateway to the world, offering enhanced connectivity and accessibility for residents of Nundah.
Demographics: Nundah has a diverse population, consisting of a mix of families, young professionals, students, and retirees. The suburb has undergone significant urban renewal in recent years, attracting a more affluent demographic while still maintaining its sense of community.
Housing: Nundah offers a variety of housing options, including apartments, townhouses, and traditional Queenslanders. The suburb has experienced increased demand for residential properties due to its proximity to the CBD, excellent transport links, and ongoing development projects.
Amenities: Nundah boasts a range of amenities, including shopping centre's (such as Nundah Village and Toombul Shopping Centre ( currently under major redevelopment), cafes, restaurants, parks, and recreational facilities. Residents enjoy easy access to public transport, with Nundah Railway Station providing regular services to the CBD and surrounding areas.
Education: There are several educational institutions in and around Nundah, including primary and secondary schools, as well as childcare centers. The suburb is also close to tertiary institutions such as the Australian Catholic University's Brisbane campus.
Transport: Nundah is well-connected in terms of transport infrastructure. In addition to its railway station, the suburb is serviced by multiple bus routes, providing convenient access to the CBD and neighboring suburbs. Major arterial roads, including the Gateway Motorway and the Airport Link Tunnel, are also easily accessible.
Recreation: Residents of Nundah have access to a range of recreational activities. Kalinga Park, located nearby, offers walking and cycling tracks, picnic areas, and playgrounds. The suburb is also close to popular destinations such as Brisbane Entertainment Centre and Brisbane Airport.
Property Market: Nundah has seen strong growth in its property market in recent years. The current median house price is $1,158,750, reflecting a significant increase of 6.3% over the past 12 months. Five years ago, the median house price was around $685,000, indicating robust growth in the area. Additionally, units in the area are stand-out performers, with a median price of $493,900, up 8.1% in the last 12 months. This demonstrates the suburb's attractiveness to buyers and investors, both in the house and unit market segments.
Future Prospects: With ongoing development projects and infrastructure improvements, Nundah is poised for further growth and development. The suburb continues to attract investment, making it an appealing prospect for homebuyers and investors looking for strong returns on their investment.
Overall, Nundah offers a vibrant and diverse community lifestyle, coupled with excellent amenities, transport links, and strong property market performance in both the house and unit segments, making it an attractive suburb for those looking to live close to Brisbane's CBD.
Case Study: 71 Nellie Street, Nundah
Purchased Below online Valuation amount!
Property Description: This low set single-level brick home nestled in the heart of Nundah was recently secured for our time poor local client.
Boasting three bedrooms, each with a built-in robe, and a master bedroom featuring a walk-in robe and ensuite, this residence offered a modern construction style and layout and just needed a few final touches. The versatile layout includes a dedicated media room which we plan on converting to a 4th bedroom to improve rentability, providing flexibility to suit any tenants lifestyle. There is also fantastic potential to knock down and build new, or renovate the existing home.
Key Features:
open-plan living area with over height ceilings, seamlessly connecting to the undercover patio.
modern kitchen with electric appliances, complete with a generous breakfast bar.
Air conditioned throughout, ensuring comfort all year round.
low-maintenance living with easy-care gardens and solar hot water.
Secure single lock-up garage and enjoy the ideal North/South orientation on a spacious 405sqm block.
Market Analysis: The property at 71 Nellie Street, Nundah, presented an excellent opportunity for our investor client to secure a cracking property in a sought-after suburb. With its convenient location, close proximity to amenities, and potential for renovation or redevelopment given its LMR zoning, this property offered versatility and potential for capital growth.
Comparable Sales: Recent comparable sales in the area indicate strong demand for properties in Nundah, with prices steadily increasing over time. The versatile layout, modern features, and low-maintenance living offered by 71 Nellie Street made it a stand-out choice for our buyer seeking value and convenience.
Purchaser Information: The property was purchased at auction by Zoran Solano of Hot Property Buyers Agency, regarded as Brisbane's best buyers agent and all-round property expert in the Brisbane market. The purchase was made on behalf of a time-poor investor client, highlighting the trust placed in Zoran Solano and the Hot Property Buyers Agency to secure quality investment opportunities. The property was purchased below the online valuation, which was $1,010,000, resulting in a saving of around $60,000 for our client.
Renovation Plans: Hot Property Buyers Agency plans to undertake a cosmetic renovation on the property at settlement, which is projected to increase the rental return to around $750-$800 per week and the value to around $1,100,000. This demonstrates the potential for further value creation and capital appreciation through strategic renovation and management.
Conclusion: 71 Nellie Street, Nundah, will now be a great set and forget investment property for our client and a top nest egg into the future!