Better Transport Options in New Farm to Increase Property Values

Its official - proximity to transport nodes have replaced waterfront locations as the most desirable feature when purchasing property in Brisbane.  Greater accessibility for New Farm residents to the CBD and other inner-city suburban areas, due to new public transport measures, will influence local property values over coming years.

With Brisbane's strong population growth, expecting to gain about 52,000 new residents each year, both investors and home owners are seeking easy access to transport nodes over almost every other feature in terms of locality. Where once home owners and investors valued waterfront views above all else, they are now putting a great deal more emphasis on whether their home's location allows easy access to their place of employment and other amenities.

As Brisbane grows, traffic on our major roads is worsening considerably, and it makes sense that people are opting to live closer to where they need to go, or to public transport, and therefore reduce the time spent travelling. This alone is an incentive for residents to choose to live in inner-city suburban areas, such as New Farm, Teneriffe, and Newstead, over outer-lying areas.

There are a number of transport projects currently underway that will further increase property values in these areas. The new City Glider service, which offers free buses between New Farm and the CBD every 10 minutes, will most certainly go a long way in providing residents greater access to the city and increase demand and therefore property values.

Brisbane City Council are also increasing accessibility for local residents to travel between inner city areas by bicycle.  Coming late 2010, CityCycle bike hire stations will be located at key inner city destinations linking to bus, train and ferry connections. The New Farm component is likely to be located 100m from Mactaggarts.

As investors themselves, Grow Consulting Group are passionate Property Investment Consultants, who assist their clients by sharing their expertise and knowledge, and offering services in three core business areas - finance, property investment and property management. An intricate understanding of the property market in South-East Queensland and its changing dynamics, together with partnerships with experts including real estate agents, developers, accountants, quantity surveyors, insurance consultants ensure an exceptional service is provided to time-poor investors.