Richlands Townhouses, South-West Brisbane

This project has been passionately developed by a renowned Australian developer, entirely high-end and custom-built, with thoughtfully selected materials and colours. The surrounding area has seen large-scale investment, with the population steadily increasing year on year. The area also offers excellent educational infrastructure, with not only Bremer TAFE and the University of Southern Queensland (Springfield campus) providing higher education, but also two quality primary schools, namely Richlands East State School and Durack State School. The project comprises 83 townhouse residences, available in two floor plans: the first with 3 bedrooms, 2 bathrooms and a double garage, and the second with 4 bedrooms, 2.5 bathrooms and a double garage. The project was completed between September and October 2020, enjoying a prime location with excellent transport links.

Investment Outlook

Richlands is a project strongly supported by the Queensland and Brisbane governments, aiming to transform the semi-rural Richlands into an innovative, vibrant and sustainable community. Under this urban renewal plan, Richlands will become an emerging area that combines commercial and residential development with natural landscapes. The future development of the area is also very promising. It is worth highlighting that while the average rental vacancy rate across Brisbane is 3%, the vacancy rate for this project is extremely low at just 1.3%, meaning the project is highly sought after. Depending on the floor plan, the weekly rent is approximately A$400. The project has an annual capital growth rate of up to 4.5%.

This project is located in Brisbane's south-west, just a 300 m walk to a public transport hub where you can catch trains and buses. Nearby hospitals and schools are only a 5-minute drive away, and getting to the airport is very convenient. It is also close to the M5 motorway, with the Brisbane CBD just a 25-minute drive away, and the renowned University of Queensland and Sunnybank Plaza, a large shopping centre in the Chinese community area, are only a 20-minute drive away. Other transport infrastructure includes the Logan Motorway, offering excellent connectivity in all directions and easy access to the Brisbane CBD, Ipswich, Springfield and the Gold Coast.