Suburbs to Invest: Brisbane's 9 Neighbourhoods to Invest in Right Now
Brisbane’s property market is booming and these are the nine neighbourhoods currently tipped for growth.
Brisbane house prices have reached record highs, with a 13 per cent annual increase, as reported by Domain. The capital city continues to attract interstate and expat buyers, lured by its affordability and sun-drenched outdoor lifestyle. If you’re looking to invest, here are the Brisbane suburbs seriously worth watching.
Bardon
Beautiful Bardon lies just 5km from the city and boasts a genuine village feel with charming cafes and plentiful lush green spaces. It attracts both young families and elder couples looking for community and convenience without the hype of its surrounding inner-ring suburbs. Bardon’s tree-lined streets reveal quaint traditional properties, with a median house price of just over $1,200,000 for houses and $680,000 for units.
Graceville
One of the best performing suburbs in Queensland, Graceville property prices have lifted a whopping 23.4% over the past year, topping the million-dollar mark. With its picture-perfect streets flanked by the river and parkland, Graceville is the quintessential Queensland neighbourhood. It is a haven for families thanks to its sporting clubs, community spirit and top-notch public school.
Teneriffe
The riverside suburb of Teneriffe is a popular pick among investors, offering a vibrant lifestyle that combines a flourishing café and bar scene with some of the city’s most iconic views. It’s closely connected to the CBD with modern apartment blocks enticing couples and young professionals. Units are representing strong value for money with a median price of $650,000, and an annual rental yield of 4.55%.
Carina Heights
With a projected three-year growth of 24%, Carina Heights is a hot pick for investors, with affordable property prices and low vacancy rates. New apartment developments and townhouses present fantastic opportunity for first-home buyers looking to enter the market. Carina Heights is just 10km from the CBD with easy bus connections, a Westfield shopping centre and great parks. Median house prices sit at $820,000, while units will set you back roughly $480,000.
Wilston
The family-centric suburb of Wilston remains a top pick among investors, having experienced more than 26% capital gains over the past five years. It’s conveniently located on the city fringe between Newmarket and Fortitude Valley and captures the perfect balance between cosmopolitan lifestyle and suburban charm. There’s myriad green spaces and sporting grounds, bike trails and a local village dotted with cafes, restaurants and boutiques.
Cannon Hill
Sought after by growing families, Cannon Hill offers large homes, access to good schools and an abundance of green spaces contributing to a strong community atmosphere. It’s just 15 minutes’ drive from the city centre with easy public transport links. Cannon Hill investors have seen more than 18% capital gains over the past 12 months, with strong rental yield of 3.4% for houses and 5.2% for units.
Stafford
The peaceful residential suburb of Stafford lies just 8km north of the Brisbane city centre and is fast emerging as a foodie and creative hotspot. In its past life, it was known for its dairy farms and tanneries, and today is home to expansive parklands, coffee shops and local galleries. Despite its newfound status, the suburb remains relatively affordable with median property prices ranging from $352,000 for units to $760,000 for houses.
Highgate Hill
The trendy, inner enclave of Highgate Hill is walking distance to the cultural districts of South Bank and West End yet retains its serene suburban vibe. It boasts leafy parks with stunning views across the city and gives families access to excellent public and private schools. Investors have enjoyed capital gains of more than 17% over the past year, with a median property price sitting at $552,000 for units and $1,390,000 for houses.
Holland Park
Holland Park and Holland Park West sit roughly 15 minutes’ drive south of the city centre and are widely sought out for their extensive parklands, fantastic schools and welcoming community. A medley of cafes, restaurants and bars line Logan Road, catering to every hour of the day. Unit prices jumped 12.5% last year, while houses are now fetching an average of $865,000 with solid rental returns of 3.38%.
*All statistics sourced from Core Logic, Realestate.com.au and Domain.
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