Purple Cow Principal and Managing Director, Andy Nutton, shares insights on investing in property in Greater Springfield.
Thinking of investing in property in Greater Springfield? With rapid growth and rising demand, it’s one of South East Queensland’s property hotspots.
It’s strategically located in South East Queensland’s Western Growth Corridor, an area earmarked for ongoing infrastructure developments to cater for our booming population growth.
Greater Springfield’s population is forecast to surge to over 150,000 residents by 2036, which is more than double the current population.
For property investors, this means strong capital growth potential. Price projections show steady increases as demand outstrips supply, particularly in popular suburbs like Springfield Lakes and Springfield Mountain.
Rental yields are also on the rise, offering excellent returns for landlords. With a growing population of families, students, tradies and professionals, vacancy rates are at an all-time low.
Interestingly, the latest figures from realestate.com.au show that Purple Cow’s property management team generates higher rental yields than other property managers in the Greater Springfield area.
Greater Springfield is a thriving real estate market with all the fundamentals in place for a bright future!
Want to talk to Andy?
Contact him at:
Andy Nutton
Principal and Managing Director
Purple Cow Real Estate, Springfield Lakes
0410 792 882
andy.nutton@purplecowrealestate.com.au
