QLD Registered Law Firm, LEAD Conveyancing

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Lead Legal Services Pty Ltd (ABN 86 640 514 558)
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Banyo is a residential community in Queensland with a landmass that is approximately 5 square kilometers. This part of Queensland has 2.2% of its land area covered by 9 parks with a total human population of close to 6,000. The population has increased by 4.6% over the last five years, with a predominant age bracket ranging from 30-39 years. Despite the small population, the property market has not done badly in the last five years or so.

About 67% of homes in the area are occupied by their owners with an average mortgage repayment bracket of $1800-$2399 monthly. In general, people in Banyo work professional jobs and are largely financially solvent. This economic reality has created a small thriving community that is worth investing in. This part of Queensland has experienced a property capital gain consistently over the last three years. The average capital gains were 13.3% for last year.

This percentage was much higher than the combined gains posted over the last five years. So if you are looking for a small community to invest in real estate, Banyo is an ideal location for small and medium-scale investment, and you stand to earn good returns on your investment based on current data. Here are some other important statistics about Banyo’s property market.

•  The median price for a house is $680,000
• The capital gain for last year stood at 13.3%
• The combined gains for the last five years was 27.7%
• $495 is the average weekly rent for a house
• Rental properties can yield about 3.79% in gross rental yields
• The area ranks 1838th on the list of attractive areas for investors

Buying a property in Banyo requires more than just playing for the property to retain ownership. Before a property can be said to be truly yours, the documents have to reflect the change of ownership. This is where conveyancing experts come in. A conveyance expert is a real estate professional vast in the legal aspects of property documentation. This professional can help initiate the seamless transfer of ownership from the seller to the buyer.

Conveyance experts can do much more, though. This expert can also help you handle negotiations between the other party, who may be the buyer or the seller. At the end of the day, the main goal of the expert is to ensure that the process is run smoothly without any hiccups.

From negotiations to documentations to settlement, a Banyo conveyance expert is what you need to help you close the sale or purchase of a real estate asset.

Banyo is a suburb in the Northern City of Brisbane in Queensland, Australia. This community is a unique location because it is both a residential and an industrial location. There are residential properties dotting the length and breadth of the area, while on the fringes of the area are industrial factories. These factories have played a major role in stimulating the economic growth of the area. Based on the last census conducted in Australia, Banyo has close to 6000 permanent residents.

According to historical data, this area was once occupied by native Turrbal tribes. As time went on with the coming of Europeans from the West, the name of the area changed to Clampham Junction by 1849. Then, by 1897, the name Banyo was adopted, and it became its official name and has remained so till this day. The aboriginal meaning of the name Banyo means Ridge or Hill. 

Today, the hill which influenced the name no longer exists because it was quarried for constructing the Eagle Farm Airport after the outbreak of the Second World War. In 1918, by the end of the First World War, the local Anglican Parish bought a piece of land for £240 on which St Oswald’s Anglican Parish was built, and the Parish was dedicated by Archbishop Gerald Sharp on February 17, 1929. Later, in 1946, a church hall was constructed for the Parish

The area continued to witness massive development with the opening of schools like Earnshaw State College, which was formerly called Banyo State High School, in 1954. Further development spread to other parts of the city. By the dawn of the 20th century, factories began to appear on the fringes of Banyo, which only spurred population and economic growth even more.

Other surrounding suburbs include

• Boondall
• Brisbane Airport
• Nudgee
• Northgate
• Virginia

There are different places in Banyo you should consider visiting to enjoy a nice time. Here are some things to do when next you visit the area.

South Bank Parklands

South Bank is one of the most popular parks in Banyo. The park is located in a serene part of the city, far removed from the usual hustle and bustle of the city. You can enjoy peace and tranquility here. There are sitting areas and playgrounds for kids.

Lone Koala Sanctuary

If you are an animal lover, we are sure you will enjoy a visit to the Koala Sanctuary to observe koalas of all ages in their habitat. This fun spot also has a ranch filled with bird species like falcons and owls. There are also sheepdogs in the sanctuary.

Story Bridge

Sydney has its harbour bridge, and Brisbane has its own too. The Story Bridge is not very far from Brisbane city centre so you can visit this iconic spot during your free time. Here, you will find tourists from all works of life taking pictures and catching a glimpse of the boats and teams sailing pastry bridge.

Other sites to visit include

• Ramada Resort
• Brisbane Manor
• Brisbane Backpacker’s resort