The potential for growth and demand is important when choosing a property investment. The North Park community is uniquely positioned in a suburb historically known for low vacancy rates and strong rental demand.
Considered an ‘island’ suburb surrounded by more affluent suburbs, current figures suggest it is only a matter of time before Stafford joins many of its city-fringe neighbors in value.
MEDIAN UNIT PRICE OF AREA***** (SOURCE: RP DATA - FEB 09)
STAFFORD:.....................$325,000
Average annual growth:................14.9%
Quarterly growth:...................5.9%
5 Year growth:................................87%
12 month growth:............5.7% Avg
Due to limited land supply for new developments, Stafford has remained steady with postwar housing now at 50 to 60 years old, creating confident predictions that Stafford will follow surrounding suburbs in a strong urban renewal phase.
This places North Park Apartments in the heart of a suburb ready for change and growth making it a perfect environment for the smart investor.
