With the property market booming, prices rising, and interest rates lower than ever before, making educated investment decisions are crucial. Following a turbulent year, 2021 is looking to be an exciting time for investors. We gathered our top seven suburbs to help you find the perfect position for your next property purchase in Brisbane.
Inner City
1. Toowong
Declared Brisbane’s most livable suburb in the recent CityPulse SEQ report by PwC, this city fringe suburb just west of the CBD has been a growing area for many years, thanks to its convenient location and thriving cafe culture. Public transport connects it to the city and the riverside proximity means residents have the best of all worlds. The suburb is also close to the University of Queensland, making it a draw for students looking to rent nearby. While popular, the market isn’t oversaturated, with more residential and community based development on the horizon.
2. East Brisbane
A hidden gem that is slowly on the up and up, East Brisbane is well located but previously lacked owner occupier appeal, with many homeowners holding their property for an average of 15 years. While previously there has been a lack of a lifestyle precinct, development of the Cross River rail and restaurant precinct are seeing the area get a resurgence. As an extremely desirable blue-chip location, the suburb has low vacancy rates at just 2.9% and high return on investment, with homes sold during June 2019 getting an average 87% above those sold across the Greater Brisbane area during the same month.
3. Newstead
Slightly north of Brisbane’s CBD, this leafy suburb is great for those who want everything close by. Another location with a strong cafe culture, it is also home to many businesses, walking tracks, and shopping districts, making it popular for pet owners, young families, and older couples. It is also the neighbour of Fortitude Valley, a location known for its nightlife. It is important to note that this area has been a popular place to call home for many years, which has resulted in higher vacancy rates and lower rental yield, but there are still opportunities for investors here.
4. Indooroopilly
Another growing area that is becoming popular with investors, this south-west suburb has a bit of something for everyone. With a train station and bus exchange at its centre, a major shopping centre, and a thriving restaurant scene, many university students and young professionals call the suburb home. In comparison to greater Brisbane, the area is now in high demand, with the median house price $350,000 higher. This has also caused an increase in rental demand, with Gross Implied Unit Rental Yields at 5.14%, in comparison to 4.1% in Newstead and 3.8% in Sydney.
Outside of Brisbane
5. Logan Central
A little further from the city, this region was not known for investing opportunities in the past but in recent years has seen lots of growth and development that is making the suburb, situated right between Brisbane and the Gold Coast, an attractive option. With affordable house prices, evolving gentrification, and further project development on the horizon, this is a place to watch and one that is worth investing in early, while entry prices remain low.
6. Maroochydore
While not as close to Brisbane, today’s property market is more open to making a sea change, particularly with the ability to work from home and more job opportunities in areas further from the city centre. Maroochydore offers a great lifestyle, robust economic drivers, strong migration, record infrastructure investment, and a cost competitive property market that make it a popular pick for investors in 2021.
7. Burleigh Heads
On the other side of Brisbane towards the Gold Coast, this suburb is a popular spot for day trippers, while also being a little quieter than other tourism hubs, with a balance between lifestyle and local amenities for residents. In February 2021, realestate.com.au identified Burleigh Heads as one of Queensland’s top 10 growth suburbs and with the growth in house price and rent, alongside low vacancy rates, Burleigh Heads is definitely a suburb to watch.
Still need help finding the right suburb or not sure where to find the right properties in your chosen suburb? At Offset Property, we are experts in matching investors with amazing properties. Get in touch to find out more today.
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