Entry Level Suburbs

Budgets starting $530,000 – $600,000

Keperra
A majority of the houses are occupied by the owner.

Weekly income has remained above the national average and is further moving up

Healthcare and social are the two most common occupations here. According to Brisbane Government, these two are the fastest growing sectors in Brisbane’s economy. As the number of aging population is growing, there is always going to enough work.

A higher level of income and job security means that people will have a more disposable income to spend on their homes, and they will be more comfortable in doing so.

Keperra has a train station and according to a research suburbs close to a railway station witnessed 40% more price appreciation over the last decade.

In the last five years, Keperra has averaged 30% while Brisbane averaged 25%.

Chermside West

Chermside West has similar demographics as Keperra. Here owners occupy almost 80% of the homes. Income level is as high as in Keperra and occupation is also similar.

This suburb is really gentrifying as retirees and social housing is moving out. Younger professionals attracted by Craigslea State School catchment are fast replacing them.

The suburb also has also two hospitals that maintain a steady flow of healthcare professionals in the area. With a steady pace of development, this suburb has every chance to become a satellite city.

While Chermside attracts many investors, we would recommend Chermside West. It has superior school zones, favourable demographics, and higher owner occupier percentage.

Other Noteworthy Entry Level Suburbs

• Mitchelton
• Stafford Heights
• Everton Park

Middle Ring

Budgets starting from $650,000+

Let’s start to get closer and there are some good suburbs that sit around 7 km from Brisbane CBD.

Cannon Hill

Weekly incomes have soared dramatically in the last couple of decades in Cannon Hill and we expect this to continue.

Again, it has a higher level of owner-occupier percentage.

Cannon Hill also has good schools in its proximity. It has green spaces, a bus & train line, and easy access to employment hubs.

The trend of low maintenance living is catching up and land is at a premium now.

While Cannon Hill is closer to CBD, this is also going to benefit from Brisbane airport expansion as its closet southern suburb.

The average growth rate in this suburb has been 30% over the last five years.

Other Middle Ring Suburbs

·      Holland Park

·      Toowong

·      Tarragindi

·      Kedron

Ashgrove

Budgets starting from $800,000+

Ashgrove is one of those few suburbs that lie within the 5 km ring of CBD yet the property prices here do not compete with Sydney or Melbourne as may be the case with other suburbs within this periphery.

Ashgrove lies at a distance of around 4 km from Brisbane CBD and is a popular family suburb.

The income level here is twice the national average and the demographics are also very strong with a higher concentration of working professionals.

The suburb has some of Brisbane’s best schools along its streets.

The area is well laid out and is characterized by walking paths, green spaces, larger character homes, and a leafy, green feel about the place.

It has easy access to lifestyle precincts and shops with a higher level of walkability. In the last five years, it has witnessed an average growth of 36%. This suburb is likely to continue in high demand.

Other Inner Ring Suburbs

·      Auchenflower

·      Bardon

·      Wilston

Various studies have identified Brisbane as the property market that will lead the nation in capital growth in the shorter term.

While there are enough options available for all kinds of budgets, it will help to study the complete picture of the suburb, including the intricacies.

Even in seemingly good suburbs, some streets or pockets may have issues that you may not know unless you dig deeper.

The ground knowledge coupled with research about the location may throw up some facts that may be better to know before you make the investment.

Alternatively, if your location turns out to be good, you can expect above average capital growth and can set yourself for the next stage of the property cycle.

12.  Brisbane Property Market Oversupply

In recent years, off the plan units were built in large numbers in Brisbane. The supply of apartments in CBD and inner ring outstripped demand. Another 15,000 apartments are expected to enter the market next year. In view of the oversupply, Brisbane’s apartment market offers little prospect of rental growth or capital growth in the very short term.

According to industry sources, the inner city precincts have as many as 19,800 new apartments on offer. It is not surprising that investors putting in their money in some off the plan units may have to wait for a decade for any appreciable capital growth.

13.  Buy below Intrinsic Value

Generally speaking, off-the-plan and new properties come with a premium price tag. You should try to identify the right property and at a good price, not a cheap property that you can find in secondary locations.

Such properties may have a queer appearance or something not so great about it. But they may have a superior location and a strong built.

Properties in middle-ring suburbs often have strong structures and they are built on a land size of up to 600 square meters.

14.  Manufacture Capital Growth

A great investment option is one that gives you the freedom to add value to the property by renovation, refurbishment, and redevelopment. This way, the capital growth on the property can be manufactured and enhanced. Try to identify a property where there is some scope of manufacturing capital growth.

So where do we go from here?

The picture looks perfectly clear.

The Brisbane property market looks set for a period of high growth. It is more affordable, the economy is improving, new infrastructures are coming up pretty fast, and the increasing population is likely to keep the demand in a growth trajectory.

Your most serious challenge could be to find the right property. We hope this blog has made the picture a litter clearer to you.

However, you can contact us and have a chat with us. With our expertise in the Brisbane property market, we would be able to help you throughout your home buying process.

Similar to this: 

How the Brisbane property market is looking in 2019 - Part Two

How the Brisbane property market is looking in 2019 - Part One