Editors note: Fine Tuned Finances usually has a US audience, however we’ve seen some demand to cover issues in Australia so we are publishing this here.
Why should suburbs in Brisbane be at the top of your consideration for investment in 2020?
There are the obvious perks of having great weather, beaches, and a bustling arts and music scene. Australia’s newest university is also due to open in 2020 with a campus at Moreton Bay.
Apart from this, Brisbane’s population has increased by 1.43% since 2019 and is set to increase to over 3 million by 2035.
This population boost gives good reason for house prices to be on the rise. As demand increases in suburbs around Brisbane, they become keen candidates for investment.
If you’re ready to take advantage of this predicted increase in property demand, here is a rundown on the top 10 areas of Brisbane to invest in.
- Springfield
With Springfield’s plans to expand its CBD to a massive 2.6 million square meters of public facilities, it’s difficult to look past.
Investment into Springfield’s commercial and care facilities are expected to top $85 billion.
It goes without saying that with this kind of investment into public assets employment will be on the rise, likely taking real estate value with it.
- Keperra
Keperra is a family-friendly suburb 9km north-west from Brisbane CBD.
With a much lower entry point of $550,000, Keperra is one of the more affordable options for first home buyers and investors.
Mitchelton is only 2.6km away, holding a median house price of $660,000. It is likely this will end up having a positive impact on Keperra’s property market.
Other factors to consider are Keperra’s above-average family income and high rate of employment in health and social care.
Having a train station is another plus as suburbs with access to train services have increased 40% in value over the past 10 years.
- Stafford Heights
Stafford Heights is another affordable option for first homeowners and investors with a median sale price of $620,000.
The fact that it is only 8km from Brisbane’s CBD is another bonus for accessibility to amenities. These include a plethora of primary and secondary education facilities.
The Prince Charles Hospital, Westfield Shopping Centre, and restaurants are also easily accessible.
- Bridgeman Downes
Bridgeman Downes has a median house value of $785,000. This, along with its rising population, increasing rent, and low property vacancies, makes it a low-risk option for investors.
It’s also 85% owner-occupied which gives it the vote of local residents seeking quality of life as well as a worthwhile investment.
Being only 13km from Brisbane’s CBD also ticks Bridgeman Downes off for the convenience of amenities factor.
If you’ve found that this is an opportunity you are not prepared to risk losing, these mortgage brokers will help you secure your place in this suburb.
- Everton Park
The median house price in Everton Park is $615,000 which puts it in the more affordable price range for families and investors.
Everton Park is known as a lifestyle suburb with easy access to the popular ‘foodie laneway’ as well as parks, shops, and retail stores.
Lifestyle suburbs attract renters and buyers who are looking to establish their families. They are serious buyers who won’t throw their houses on the market at the first sign of trouble.
- Tarragindi
The Brisbane suburb of Tarragindi is just 8.3km to Brisbane’s CBD with easy public transport via busses to the city. This suburb is also well suited for families looking for easy access to shops, parks, cafes, and restaurants.
Tarragindi is further up in the median house price range at $791,250.
If you are looking for a safe bet for your family home and have a bit of extra cash, Tarragindi is an option definitely worth exploring.
- Ashgrove
Ashgrove is an area with favourable demographics when it comes to family incomes and job security. The majority of people work in education, healthcare, and technology industries.
Also home to Ashgrove State School and many others in the catchment, education is an appealing factor for families.
Just 5km from Brisbane’s CBD, it’s little wonder that Ashgrove has a median house value of $979,000.
- Chermside West
This area of Brisbane is 9-10ks from Brisbane’s CBD with the appealing factor of being 80% owner-occupied.
Chermside West is evolving as it is being occupied by a younger demographic, possibly to take advantage of the state school catchment.
The west also has a much higher median house price of $625,000 and is a high demand area for real estate. This is in contrast to Chermside, which has a median house price of $580,000 coupled with low demand.
- Cannon Hill
This suburb is just 7km from the CBD and boasts plenty of parklands, schools and a train line into the city for employment prospects.
It has a fairly even split between landowners, purchasers, and renters.
Between 2011 and 2016, Cannon Hill saw a reasonable population growth of 23% with the weekly family income taking a leap over the past decade.
Most common jobs are health care, social work, construction, and retail, making Cannon Hill sturdy ground for job security.
- Mansfield
Mansfield has a reputation for high-quality schools, which is a major drawcard for families. About 51% of occupants are families with young children.
Mansfield is only 10km from Brisbane’s CBD. It is likely that the huge investment in the cities facilities will boost Mansfield’s popularity.
A median sale price of $691,000 isn’t unrealistic for younger families, especially being so close to employment in the CBD.
Final Notes on Suburbs in Brisbane for Investing
Brisbane is currently the hot spot in Australia for investors. This is due to its population growing so rapidly and huge investments into public facilities and infrastructure.
Making a good property investment always comes down to varying personal and financial factors.
Suburbs in Brisbane have all the right ingredients for a rewarding investment. It still pays to personally inspect property before purchasing to avoid unwelcome surprises.
Want to learn some other helpful real estate tips?
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