27 May, 2020
If an idyllic lifestyle and affordable prices are at the top of your property wishlist, it’s hard to go past Brisbane. Queensland’s sunshine-soaked capital city offers a blend of city and riverside charm that is attractive to many homebuyers.
Not only that, but Brisbane’s property prices have been slowly rising and are well-positioned for a long overdue boom in 2020. So, if you’re thinking of buying or investing in Brisbane, now may be the time to break into the market.
But, which suburbs in Brisbane are best to buy and live in? And where can you find the best value? To help you answer those questions, we’ve put together a handy guide to Brisbane’s most popular suburbs in terms of price, investment potential, liveability and more.
The question ‘what are the good suburbs in Brisbane?’ is a tough one to answer, as it’s subjective and depends on what you’re looking for. However, there are certain suburbs that are overall considered more liveable in terms of a number of factors. The 2019 Domain Liveable Brisbane Study ranked 260 suburbs in Brisbane across 17 key indicators, including public transport infrastructure, proximity to the coast, access to education and more.
At the top of the list was Alderley, a leafy suburb 7 kilometres from the CBD. This area is known for its surplus of open space, wide streets and low levels of traffic congestion. Next up was Wilston, an area filled with rolling hills and newly renovated homes. It scored high for its cafe culture, tree cover and walkability.
The affluent suburb of Ascot came in as the third most liveable city in Brisbane, thanks to its excellent amenities, great dining scene and high safety score. The other suburbs in the top 10 were Paddington, Newmarket, Red Hill, Kelvin Grove, Windsor, Albion and Grange.
Brisbane is often thought of as not one property market, but a series of mini markets divided by geographical location. So, if you’re thinking of buying in Brisbane, it can be helpful to also look at the average property price by region.
You might also like: Your guide to the First Home Owner Grant in QLD
You might also like: Costs of home buying: Upfront and hidden fees
From great schools to lush parks and easy access to the rest of Queensland’s natural wonders, Brisbane has a lot to offer families. But, where’s the best place to base yourself if you’re raising a family? While it depends what you’re looking for, there are a few suburbs in Brisbane that are considered the most family-friendly.
If you’ve ever wondered if East Brisbane is a good suburb for families, you’d be right! The area is known for being safe and friendly, with lots of great amenities for kids. The middle-ring suburb of Wakerley is one of the top 5 suburbs most popular for homebuyers with families, thanks to its wide open spaces, community feel and high density of school in the area.
If you’re looking to invest, the question of ‘where is the best place to buy in Brisbane’ becomes quite a different one to ‘there is the best place to live?’ While it’s important to factor in demand in the area due to liveability, it’s also key to weigh it up against capital growth and rental returns. Here are some of the suburbs in Brisbane considered some of the best to buy an investment property.
You might also like: How to research the property market
Located around 14 kms North-West of the Brisbane CBD, Bridgeman Downs was once known for its large, acreage properties. However, it’s become more accessible in recent years and holds promise for investors due to its increasing rents, falling vacancies and a rising population. The median house price here is $785,000.
This little enclave in the South has become popular for investors seeking doer-uppers and rebuilds. It’s also a popular option for first-home buyers due to its affordability, as well as its access to great amenities. The median house price is $667,500, compared to $900,000 in Camp Hill just one suburb over. So, it’s safe to say you’re getting a great bargain!
Thanks to its newly opened Everton’s Park Plaza Lane, this suburb is quickly becoming the foodie hub of the North. Despite having a dining scene to rival the CBD, this up and coming suburb has an average house price of only $605,000, which is sure to skyrocket in years to come.
View this post on InstagramGet your tailored home loan report. Start Now