A small suburb with a small population can sometimes be a great choice for property investment. If you are an investor seeking good properties to invest in, Gleneagle is a good suburb to consider. The suburb is home to just over a thousand people but promises to provide rental property investors with good rental yield.
Gleneagle is a suburb in the Scenic Rim Region in Queensland. The suburb, which is situated on the Mount Lindsay Highway and the Logan River, is adjacent to the suburb of Beaudesert, located to its north.
The suburb is named after the farmland of William Walker, who cultivated cotton in the area around the1860s. Walker is known to have been a partner of Townsville’s pioneer, Robert Towns. The suburb provided a stop for railway passengers on the Bethania to Beaudesert line.
Gleneagle is a relatively small suburb with accessible amenities and facilities around. There is a primary school in the area, located approximately 1 km from a Catholic cemetery. A sports reserve is located near the school.
The suburb is home to some dairy farmers and an abattoir on the west side of the highway. Much of the area is rural, so it is an ideal place for people who desire a country feel for a residential community. There was a recent housing estate in the suburb, which also has a purpose-built reception centre and several local shops.
Why Invest in Gleneagle?
Although Gleneagle may not be your central hub, it can offer you a great property investment opportunity. Records indicate that the rental property investment has good potential in the area as it showed a relatively high median rental of 5.25%. This is moderately higher when compared with median rental yields in other parts of the state. The vacancy rate in the suburb is relatively lower, compared with the rest of Queensland.
Rental property investment in Gleneagle is quite promising. But it is never enough to find the right property in the right location. You also need to have the right property management Gleneagle. My Pad Rentals can provide you with the best property management services to boost the profitability of your property investment in suburbs like Gleneagle.
Property management needs to be a dedicated service. The company understands the need of every property investment, so they strive to run the property as if it was their very own.
Find out how My Pad Rentals can help you grow your residential property investment.