Boutique Townhouses in Brisbane's South-West

This project has been lovingly created by a renowned Australian developer, with every home custom-built to a high-end standard and thoughtful choices of materials and colours. The surrounding area has also seen large-scale investment, with the population growing steadily year on year. The area 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: Richlands East State School and Durack State School. The project comprises 83 townhouse residences across two floor plans — the first with 3 bedrooms, 2 bathrooms and a 2-car garage, and the second with 4 bedrooms, 2.5 bathrooms and a 2-car garage. Completed between September and October 2020, the project enjoys a prime location with excellent transport access.

Investment Outlook

Richlands is a project strongly supported by the Brisbane, Queensland government, which aims 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 area's future prospects are very positive. Notably, while Brisbane's average rental vacancy rate is 3%, this project's rental vacancy rate is exceptionally low at just 1.3% — meaning it is in high demand. Depending on the floor plan, weekly rent is around A$400. With an annual capital growth rate of up to 4.5%, this is overall a very attractive investment opportunity.

This project is located in Brisbane's south-west. A 300 m walk takes you to a transport hub where you can catch trains and buses, and nearby hospitals and schools are just a 5-minute drive away. The airport is also easily accessible, and with the M5 motorway close by, it's a 25-minute drive straight to the Brisbane CBD. The renowned University of Queensland and the large Chinese-community shopping centre Sunnybank Plaza are also just a 20-minute drive away. Other transport infrastructure includes the Logan Motorway, providing high connectivity in all directions and convenient access to the Brisbane CBD, Ipswich, Springfield and the Gold Coast.