The capital of Queensland has emerged as one of the most promising commercial hubs in Australia. Brisbane has been experience a huge rise in the infrastructural developments. According to the latest research, Queensland is expected to grow at 3 per cent during 2024-24, and Brisbane will be the biggest contributor. The real estate market has also witnessed a boom –thanks to the establishment of renowned business, banking, tourism, and IT sectors.
The city is headquarters of some of the gigantic international and domestic companies. You can also propel business venture and take it to the new heights of success. If you are planning to relocate your business or searching a great location for your commercial property, consider Brisbane’s best suburbs.
Here is a list of top 5 Brisbane suburbs ideal for commercial property investment this year:
1. Ascot: A Well-Developed Suburb
The suburb is one of the best destinations for entrepreneurs and commercial property investors. Ascot is situated close to the Brisbane CBD and the airport, offering a prime location for businesses and employees.
It is also home to the renowned tree-adorned shopping precinct, fine-dining restaurants, cafes and bars. Working professionals can easily find rental homes in the suburb and enjoy a great work culture without any stress. So, you can buy a property in Ascot and achieve your financial goals through commercial leasing space.
2. Annerley: A Booming Region
Situated 4 kms from the CBD, Annerley is the best suburb for businesses. It has multiple lush parks, ideal for annual events. The proximity to public transport, the local market, shopping complex and residential areas make this an ideal location for commercial property investment.
The suburb has a strong network and will experience an economic boom- thanks to the upcoming infrastructural and development plans. Believe it or not! Annerley is a viable suburb for commercial real estate investment.
3. Chermside West: A Blend of Commercial and Residential Hub
Located 11 kilometres from the GPO, Chremside West is a brimming suburb for families and working professionals. It has emerged as one of the most promising hotspots for businesses and retail stores. The thriving infrastructural development projects have been attracting investors and entrepreneurs who wish to grow their assets in the suburb. You can easily find the perfect home in the suburb and enjoy high-end amenities.
The suburb is home to the renowned shopping centre, culinary delights, museums, residential hub and much more- making it an ideal place for office set-up.
4. Teneriffe: Close to the CBD
The suburb has sky-high apartments, million dollar mansions, spacious and huge commercial buildings and what not. Teneriffe is just 2.5 kilometres from the central business district and offers great employment opportunities.
The beautiful and booming suburb has many restaurants, bars, gyms, cafes, sports recreational hubs and much more. The commercial property investors are finding this suburb a profitable one for many good reasons.
5 New Farm: A Thriving Suburb
It is a bustling suburb offering high-end amenities, smooth transport facilities and profitable investment opportunities. The suburb has many heritage buildings, making it ideal for tourism.
Many real estate experts in Australia believe that New Farm is an ideal suburb for commercial property investment. You can leverage multiple benefits and generate higher profits with ease.
Wrapping Up
These are some of the best suburbs in Brisbane for commercial property investment in 2024. Make sure you discover everything about real estate in Australia and make a well-informed decision.
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