Buying an investment property in the heart of the CBD can certainly deliver strong returns over time – especially as space becomes more premium in our wonderful capital. However, in addition to a superior Brisbane CBD location, there are several other things you can look for to ensure your apartment is a sound investment. 

Here’s a list of tips to assist you in finding the perfect Brisbane gem when it comes times to purchase your next investment property.

Room with a view

When it comes to city living, one of the biggest attractions of living up high is the view, so make sure your investment property has a nice outlook. It’s also a good idea to ensure that captivating view also allows plenty of natural light and airflow into your apartment – both are highly sought after.  As an extra advantage, an apartment with views of the beautiful Brisbane River or the sparkly lights of the Storey Bridge can be a huge attraction for tenants.

A space for the car

When it comes to living in the city, finding a space for the car is an investment in its own right. If you can find a property that includes a car space on the title or ‘exclusive use’ then you’re halfway there.  An extra car space, or even two can equate to thousands of dollars in extra revenue over the years and as public car parking rates in the city continue to skyrocket private carparks are set to become even more valuable.

A different floorplan

Many apartments have a similar floor plan, so it’s good to try and find something a little different from the rest. In addition, opt for a well thought-out floorplan that offers a generous living area and maximum lifestyle appeal.  A generous living space that allows for a small study nook can mean a larger weekly rent and a better performing investment.

Gets better with age

While there is always temptation to buy a shiny new apartment straight off the plan in order to save on stamp duty, it’s always best to do your research first. Often many buyers experience a post-construction drop in the value of their apartment for the first few years after completion. This tends to stop around years three or four. For this reason we recommend looking for a more established (older) apartment, which may be better positioned– plus a little historical appeal can really go a long way when it comes to attracting quality tenants.

Sound noise ratings

When it comes to finding a peaceful city dwelling, being aware of the apartment location and how it will appeal to your ideal tenant is very important.  For example, is the building next to the city’s most popular nightclub or café hotspot?  Will this appeal to the tenants you would like to rent to?  Another thing to look for when it comes to noise control is to ensure your new investment has an AAAC 5 or 6 star sound rating instead of the BCA minimum. Of course double-glazed windows can also help to reduce noise also!

To help you find a CBD investment that ticks all the boxes, contact Hannah from HS Brisbane Property today on 0419 782 133.