With the entire country experiencing record-low interest rates and loosened loan restrictions, now is the best time to invest in property. Knowing how much you want to spend and where to spend it is key to landing a great investment. The suburb of Holmview in Southeast Queensland is the ideal area to invest in if you want affordability, improved lifestyle and viable investment value in the long-haul.
Property Market in Holmview
The property market in Holmview is all about affordability with the median property price sitting at $380,000. If your budget suits that price, you can purchase a house and land package with a land size of approximately 400m2.
That land space can accommodate a home with 3 bedrooms, 2 bathrooms, 2 car garage, a dining room, a living room, a kitchen, a laundry room and an outdoor entertainment space. If your budget is up to $500,000, you will be reaching opting for bigger blocks. This means bigger homes, and potentially better returns.
House prices in the area are expected to rise over the next couple of years. This is because of strong population growth generating high demand in SEQ. The population in Holmview was no more than 1,400 back in 2011. In 2016 that number went up to 2,358; a staggering 60 per cent population increase and that total is expected to have doubled in 2019.
Living in Holmview
Holmview is only 30 minutes away from Brisbane. If you want to relax during the weekend with your family, the amazing beaches of the Gold Coast are only 20 minutes away.
According to longtime residents, Holmview is perfect for families, especially for maturing and established couples with kids. Jacinta C. on Homely described Holmview as a “Nice area. Good for first time home buyers.” With the population growth, there will be an increase among first-time home buyers in the next couple of years. She also wrote, “I walk around at night and feel safe.” Security, surveillance and emergency services in the area are active resulting to a low crime rate.
In terms of education, there are a number of primary and secondary schools within 5 minutes of Holmview. Nearby, there are more than 40 schools catering for different preferences in education. The Canterbury College, which is known for its progressive teaching standards all over Queensland.
The area is not only suitable for families but to professionals and retirees as well. The cost of living is low and transportation is easy via the train station going directly into Brisbane and beyond.
The Logan municipality is known for its culture and diversity. Both are honoured by the country’s award winning Aboriginal live theatre experience, “Spirits of the Red Sand.” Spirits is a dinner show experience telling the story of the Aboriginal people back in the 1800s when their lives collided with the British. It is truly an experience you can’t miss and don’t mind repeating again and again.
Holmview has so much more to offer in terms of entertainment, leisure, food, nightlife, festivals, and more.
Property Investment in Holmview
Holmview is attracting more and more investors because of strong market conditions. With Affordability in the area and record-low interest rates throughout the country are, investment in the suburb is viable.
Residential house pricing in the suburb is set to rise in the coming years as a result of the dramatic population growth driving high demand in SEQ. On average, property owners hold onto their investments for 8 to 10 years for a solid return.
You don’t have to wait long for capital growth in this region. Whether you have just invested or contemplating an investment property in Holmview, more migration means more demand. More demand means an increase in pricing. As a result, we are optimistic that the suburb’s market demand will increase greatly in the coming months.
With the residential property market in SEQ performing well, the optimum time to invest is now and Holmview once again, the ideal area to invest in.