Best Suburbs for Property Investment in Brisbane

Best Suburbs for Property Investment in Brisbane

While some property markets in Australia have experienced doom and gloom of late, Brisbane has emerged from the pack as an area maintaining sustainable property market growth and with signs of future property market prosperity.

To us, this really comes as no surprise. Brisbane’s economy is on the rise and with great infrastructure plans in the works, it is only going to become a more and more prevalent area for commercial interest.

Currently, the top 10 infrastructure projects in greater Brisbane have a forecast investment of $17billion over the next 6 years.

When you consider that a typical house in Brisbane is over $400,000 cheaper than Sydney and over $250,000 cheaper than Melbourne too, yet the area boasts close proximity to the coast, it is set to become an increasingly attractive area for professionals and families to work and live.

As leading property buyers’ agents in Brisbane, we have our finger right on the pulse of the best suburbs to buy in. We don’t just rely on rumours or speculation. For us, it’s all about the fundamentals, the concrete trends; where commercial investment is focused, where property prices are growing, where demand is concentrated and what creates that demand.

If you are seeking to invest in property in Brisbane’s suburbs, we have highlighted 3 key areas to focus your attention on right now:

  1. Suburbs around Chermside

An area that is becoming increasingly gentrified, the suburbs around Chermside such as Geebung, Wavell Heights and Kedron are proving to be in high demand for young professionals and offers one of the affordable routes in the property investment market in Brisbane.

As one of Brisbane’s fastest developing commercial hubs, Chermside has gained a reputation as the mini CBD of the city. Home to the largest Westfield shopping complex in Australia as well as key amenities such as two hospitals, Chermside has a lot to offer.

The three surrounding suburbs enjoy easy access to the facilities in Chermside, without the high density living.  Geebung, Wavell Heights and Kedron have each had over 30% growth in the past 5 years and with median house prices ranging from $555,000 (Geebung) to $735,000 (Kedron) there are plenty of quality options for investors.

  1. Alderley / Newmarket

If you are looking for a suburb to invest in ahead of the pack, take a close look at properties in Alderley. Median house prices have risen at a growth rate of almost 37.1% over the past 5 years yet Alderley still flies relatively under the radar as a property investment hotspot.

Located just 4 miles northwest of Brisbane’s CBD, this suburb is on the ferny Grove train line and is an older area that provides a quiet haven yet is still incredibly close to all the city centre’s amenities.

  1. Paddington / Red Hill / Milton

Only 3km to the Brisbane CBD, Paddington is still undervalued in our opinion.  With a median house price of $1,150,000 and 41.1% growth over the past 5 years, Paddington represents great value compared to other lifestyle suburbs like Bulimba (median $1,400,000) or New Farm where the median house price is a whopping $1,535,000.

Paddington offers an inner-city lifestyle with cafes and boutiques along Given and Latrobe Terraces, easy transport to the CBD, and who doesn’t love going to see the Broncos or a concert at Suncorp Stadium?  The housing style is predominantly character Queenslanders built in the late 1800s – early 1900s.  These homes are being progressively updated and extended providing large family homes close to Brisbane’s top private schools.

 

Buying property in Brisbane

Now is a great time to buy property in Brisbane. However, it is important to do your research and seek professional advice before you hop on the property ladder. There are so many suburbs boasting attractive growth rates – some are a flash pan, others are expected to keep rising long term.

Arming yourself with facts and figures and partnering with the right property agent can ensure you make a wise property investment that will prove profitable in the long term.

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