Urban Edge Gives you an Edge as an Investment
GREATER ACCESSIBILITY GIVES YOU AN EDGE
Due to the recent delivery of a high level of major transport infrastructure, Kelvin Grove has become one of the most accessible suburbs in Brisbane’s inner city.
Major projects which have been recently completed, committed, or are underway include:
- $1.8 billion Northern Link
- $4.8 billion Airport Link & Northern Busway - Australia’s largest road infrastructure project
- $370 million Go Between Bridge
- $2 billion development of the Kelvin Grove Urban Village
- $510 million refurbishment of the Royal Brisbane and Women’s Hospital Health Service District
- 6.8km CLEM7 tunnel
- Resolution Research Statistics July 2010
EMPLOYMENT OPPORTUNITIES ON YOUR DOORSTEP
Kelvin Grove and its immediate surrounds are home to a number of major employment nodes:
- Just 2km away from Kelvin Grove, Brisbane CBD’s workforce is estimated at 75,000 people;
- Queensland University of Technology’s Kelvin Grove Campus which currently has more than 11,000 students
- Royal Brisbane, Royal Women’s and Royal Children’s Hospitals which collectively employ over 7,200 staff
- Queensland Institute of Medical Research which employs a further 700 staff
- Resolution Research Statistics July 2010
Why people live in Kelvin Grove
STRONG RENTAL GROWTH GIVES KELVIN GROVE THE EDGE
Since June 2006 the Kelvin Grove apartment rental market has recorded strong growth in the median rents:
- 1 bedroom apartment rents have recorded a healthy growth rate of 9.4% per annum
- 2 bedroom apartment rents have recorded the strongest performance with an average of 13% per annum
- 3 bedroom apartment rents have grown at a rate of 7.4% per annum
- Resolution Research Statistics July 2010
A RARE OPPORTUNITY IN BRISBANE’S APARTMENT MARKET
As the Urban Village nears its final stages of completion, development sites for apartment projects are now rare. It is likely that the market will reach a stage of undersupply by 2014.
- Resolution Research Statistics July 2010
“Kelvin Grove will promote substantial growth and returns on investment into the longer term. Its direct access to significant employment nodes, transport infrastructure and the underlying demand for property given the continued population growth should underwrite growth into the future.”
- Colliers International Research, October 2010
