“With the start of a new school year, it is timely that property buyers in Queensland start to target areas where government is going to invest significant amounts of money in new educational facilities, which will boost the future demand for housing in these areas.”. The two rental strategies for investment properties now commonplace after the rise of home sharing platforms such as Airbnb includes; long term or short term. Property specialist for Brisbane’s Outer North, Erica Swannell, shares with us her expert advice on the best suburbs to buy in Brisbane’s Outer North. By Natalia Cooper. John Kubatov from Class Real Estate in Bulimba believes that East Brisbane real estate is ripe for investment, due to its "very central city location, which has great access to main arterial roads, the river, great schools and parks." Highgate Hill is a high density suburb for those who enjoy apartment living. Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. In Greater Brisbane the suburb of Loganholme has experienced strong growth in its median house price in recent months, according to Real Estate Institute of Queensland (REIQ) southern Brisbane zone chair Rebecca Herbst. “The attraction of Loganholme is its easy accessibility to the M1, whether you work in Brisbane’s CBD, or are heading to the Gold Coast on the weekend,” Ms Herbst said. With real estate in Brisbane finishing on a high for 2019 and the housing market at the start of its recovery, the stage is set for a better year for property investment in 2020 with plenty of room for capital growth. Need funds to cover the cost of your bond and move? The Central Coast town of Gosford takes the number one spot. This six-bedroom house at 70 Falconglen Place, Ferny Grove, is for sale for offers of more than $769,000. Ms Russell said lifestyle suburbs attracted home buyers and renters. However, Runcorn real estate offers affordability in the unit market where the median price is $331,000 and rents are $395 per week, bringing in a 6.3% yield. It is our intention to eventually confirm that all agents in our recommendation list meet these standards, however, to date - we have only confirmed this with the agents on our retained product who we work closest with. *The number of 2 million Australians is based on the number of users visiting OpenAgent according to Google Analytics for the period of 01/08/2019 to 31/07/2020. There was evidence in 2019 of unit markets holding up strongly in suburbs where house prices had dropped markedly. There are also people moving here, changing their lifestyle, particularly in Brisbane, Gold Coast and Sunshine Coast where there have been lots of improvements happening.". John says, "Over the last 10 years, Brisbane has had fairly stable, steady growth. The unit market makes it one of the best growth suburbs in Brisbane with 9.52% annual growth and a very affordable median price of $230,000. "East Brisbane is such a prime suburb, 3km from the CBD. A short-term strategy (commonly referred to as a vacation rental), is when owners lease out a furnished property on a short-term basis usually a few days … In the Brisbane Housing Market, we saw median values for the greater Brisbane region increase 0.6 per cent across the month of September 2020. Posted on: 26th June, 2020. There hasn't been any high increases or great falls in price, compared to Sydney and Melbourne that have had exponential growth. Read: Best suburbs to invest in Brisbane 2020, Related: 5 best areas to invest on the Sunshine Coast in 2020, Read: Best suburbs to invest on the Gold Coast in 2020. It is easy to pick up a nice home for between $350,000 and $450,000.”. Erica grew up on the northside and still lives in the area with her husband and young family.She believes there is no better place to live, being close to the foreshore, yet within easy reach of city services. Beenleigh is up there as one of the cheapest suburbs to buy in Brisbane with a median house price of $337,000, while units top the list for being cheaper to buy than rent. “Keep an eye on this little northside suburb because at an average house price of $605,000, it will undoubtedly attract the attention of investors and first-home buyers in 2020,” she said. Our free, unbiased agent selection uses millions of data points to find real estate agents with experience selling properties just like yours. The ten Sydney suburbs to watch if you're looking to buy. Rental yields are 5% for houses and 5.9% for units. And so as not to ignite a turf war, the chosen Brisbane suburbs are a mix of north and south locations. Brisbane’s housing market is ripe for investment as cheap money, buyer confidence and a lack of supply drive demand for property. $667,500, Number of house sales in past 12 mths: 60, Carina Heights set some records last year at the entry level price range, which has pushed. Did your suburb make the list? Prefer us not to? I think that 3% to 5% could be an average expected growth rate for 2020.". InSynergy chief property investment advisor Richard Sheppard said investors should consider the middle and outer rings of Greater Brisbane for houses, because the boom had largely started in the inner-ring housing suburbs and was rippling its way out. The results are based on criteria such as infrastructure, public transport, dining precincts, buyer demand, school catchments, neighbouring suburbs, capital growth and affordability. This four-bedroom house at 5 Turnberry Close, Oxley, is on sale for $515,000. This three-bedroom, two-bathroom house at 25 Cornflower St, Mansfield, is for sale. This will mean those agents are likely to be referred first. Domain's suburb list for houses proves a bit more promising, Solano describes, as “all are prime areas for growth” located on Brisbane’s north-side. Like Deagon, Find and compare the top real estate agents in Brisbane, The best suburbs to invest in Australia in 2021, 7 factors driving the property market in 2021. “It’s the first-home buyers, the investors and, interestingly, the upsizers who have been attracted to this little pocket in the south,” independent buyer’s agent Wendy Russell said. Randwick, Sydney, NSW. However, the market is really staged for apartments. “With a median of $620,000 it is a bit more affordable and is a price point that is appealing to investors.”. Most of Brisbane’s bargain suburbs are in the Moreton Bay, Logan and Ipswich local government areas. This means that the mortgage repayment on the median price of a property is lower than the average weekly rent. 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