Expert Builder Reveals Brisbane's Lemon Suburbs
- Written by Andrew Mackintosh
Investing in property in Brisbane is a big deal! While the profit potential is substantial, so are the risks involved, particularly when buying property in certain suburbs. These 'lemon' suburbs might seem to offer excellent value upfront, but they can cost you more in the long run.
For example, suburbs where homes were constructed quickly and cheaply. The appeal of these areas lies in their affordability and the promise of rapid growth. However, beneath the surface, these properties often bear the marks of hasty construction and shoddy workmanship. These flaws become increasingly evident as the years pass, leading to expensive repairs and maintenance.
North Lakes stands as an exception amongst these mass-built suburbs. With properties built to last, it starkly contrasts other fast developments. But buyers here are still advised to obtain a thorough building inspection before they commit. This way, you can ensure your investment will stand the test of time.
Moving on to the leafy suburbs of Brisbane, the appeal is obvious: lush greenery, abundant wildlife, and a sense of tranquillity. Bliss for couples, singles, and families. But there’s a catch! Termites and other pests are also drawn to these areas, posing a significant threat to properties, especially those where builders have failed to install ant caps or adequate termite protection. A pest inspection is an absolute must when buying in these areas to avoid the potentially disastrous consequences of a pest infestation.
Subsidence is another hidden menace that can turn a dream home into a nightmare. Certain suburbs in Brisbane are particularly prone to this issue due to factors such as mining subsidence and tunnel development. Collingwood Park, for example, was built on top of decommissioned coal mines, and residents have experienced firsthand the devastating effects of sinking ground and structural cracks.
Similarly, suburbs from Kedron to Wooloowin have seen an increase in sinkholes and structural damage following the development of the Airport Link tunnel. Property owners have lodged claims reaching millions of dollars to cover repairs believed to be caused by land subsidence and vibrations from the tunnels.
Some suburbs are particularly susceptible to flood damage, which can cause significant distress and financial hardship for property owners. For example, Coorparoo, Newstead, Clayfield, Camp Hill, Paddington, and West End flooded in 2011 and 2022. A thorough inspection to identify potential flood damage is necessary when buying a property in these areas.
All this shows that appearances can be deceiving when it comes to property investment. That's why a thorough building and pest inspection is crucial. It could save you from investing in a lemon and ensure your property purchase is sound.
So, before you sign on the dotted line, do your homework and invest wisely!
About the author
Meet Andrew Mackintosh, a qualified builder and building inspector with over 30 years experience in the Brisbane property market. Having personally conducted over 20,000 Brisbane building inspections, Andrew has gained unique insights to the standard and seasonal risks of property purchase for investment in nearly every Brisbane suburb.
