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Best Suburbs in Brisbane

Where to live, invest and buy in 2020
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Wondering how your home rates in Brisbane’s best suburbs? Or what are the best areas to live in Brisbane? What about where to invest in Brisbane in 2020?

Today we welcome back the new year by looking at Brisbane’s best suburbs, and other factors that will influence the Brisbane property market in 2020.

 

1. Best Suburbs to live in Brisbane

With our population forecast to grow well over 3 million people by 2035, PWC’s CityPulse SEQ report looks what suburbs across Brisbane are set to perform best of the next few years.

…Using ratings based on how good the suburb is to live, work and play in

The live part measures access to life’s essentials, like health services, education and childcare. In this section Toowong, Coorparoo, Tarragindi and Mount Gravatt have been highly rated.

Work looks at work-life balance and the access to quality employment opportunities in and around that suburb. Under this category, Brisbane City, North Lakes (Mango Hill), Newstead and Springfield Lakes have been rated very highly.

brisbane best suburb to live

Having access to outdoor spaces, and areas to social is a really important aspect of ‘play’ in the ratings.

And finally play looks at ways residents can flourish, giving people access to explore, recharge and connect with each other (and disconnect from work). Under this section South Brisbane, Woolloongabba, Kelvin Grove (including Herston), Brisbane City and Fortitude Valley have been highly rated.

So what is the full lost of Brisbane’s best suburbs to live, work and play? The Top 10 results are:

Brisbanes best suburbs

These suburbs were determined by 3 main criteria – how good they were to work, live and play in. At the top of the list are Toowong, Brisbane City and South Brisbane coming in at number 1.

With the way Brisbane’s public transport is set up, proximity to the CBD is the biggest contributor to the live scores.

Some of the inner city suburbs are supported by another survey completed by Domain’s Liveable Cities Study, which also rated Alderney, Wilston, Ascot, Paddington and Newmarket very highly.

The work scores are largely determined by some of the larger Masterplanned precincts, so if you have bought around Yarrabilba, Springfield and North Lakes your suburbs going to greatly benefit from both the live and work metrics.

Read More: Which are Brisbane’s best school zone suburbs? 

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2. Breakdown of Best Suburbs to Live in Brisbane

When it comes to the best suburbs in Brisbane, it’s safe to say the competition is fierce. 

We’ve broken this section into Brisbane’s best suburbs to:

 

Brisbane’s most liveable suburb 

But if you’re looking for a suburb that is well connected to the city, and also provides a strong suburban feel, then start here. 

These suburbs also have a mix of employment opportunities, which will lower your daily commute.

best suburbs to invest in brisbane 2020

Toowong

Thanks to Toowong’s convenient location, it has grown over the years into a cafe precinct. Public transport connects the suburb into the city with it sitting adjacent to the Brisbane River. Toowong makes one of Brisbane’s top picks when it comes to the best suburbs to live in.

  • Cafes
  • Walkability
  • Public transport options

Coorparoo

Coorparoo has evolved drastically over the past few years, with well-connected access to the city. 

It’s cafe lifestyle and central Coorparoo Square makes it a desirable spot to live in, with a choice of schools and public transport options too.

  • Cafes
  • Walkability
  • Public transport options
  • Schools

Tarragindi

Tarragindi sits on the border of the Toohey Forest. This southern suburb is great for families looking for a leafy area with schools and great walkability.

  • Walkability
  • Schools

Mount Gravatt

Mount Gravatt is a growing suburb that is a top pick for those working on the Southside. It brings a choice of education precincts, growing cafe culture and room to move. Mount Gravatt is a flourishing suburb that is well connected to the city.

  • Growing cafe culture
  • Walkability
  • Public transport options
  • Schools/Education precincts

 

Brisbane’s most work friendly suburbs 

Our next category of Brisbane’s best suburbs looks at work-life balance and the access to quality employment opportunities in and around that suburb. 

best suburbs in brisbane 2020

North Lakes (Mango Hill)

North Lakes is a planned community that has driven growth in Brisbane’s northern suburbs. Connecting off the Bruce Highway and to the train line, it is a great option for commuters looking for a local feel. The shopping options and walkability, as well as proximity to the water, make it a popular choice of suburbs.

  • Growing cafe culture
  • Walkability
  • Train line
  • Shopping

Newstead

Newstead is a beautiful inner-city suburb perfect for those wanting to remain walking distance to everything. The suburb sits just outside of the city and brings a strong cafe culture as well as many small businesses choosing to call Newstead home.  

  • Inner-city
  • Cafe culture
  • Walkability
  • Employment options
  • Shopping

Springfield Lakes

Springfield Lakes sits within the western corridor of Brisbane. The suburb is growing rapidly and provides a choice of housing options, parklands and lifestyle facilities. This suburb is great for families who are not looking to reside close to the city, with many education precincts including primary, high school and a university.

  • Employment options
  • Education
  • Ample space

 

Brisbane’s best suburbs to play in

And finally, these suburbs looks at ways residents can flourish, giving people access to explore, recharge and connect (and disconnect from work). 

best suburbs in brisbane to invest

South Brisbane

South Brisbane sits in a gorgeous little pocket closeby to the river. Providing a choice of cafes, retail and bars, it is a very walkable suburb. Many businesses choose to reside in South Brisbane too, along with schools making it a great choice for both youth and families.  

  • Inner-city
  • Cafe culture
  • Walkability
  • Employment options
  • Education 

Woolloongabba

Woolloongabba is a growing precinct bringing a mix of cafes and retail options. Beyond the well known Gabba Sports Ground, the suburb is well connected to the city and is also a very walkable suburb. Yet still being a bit of a thoroughfare from the city to the outer suburbs, this brings the suburb some petty crime.

  • Inner-city
  • Cafe culture
  • Walkability
  • Employment options

Kelvin Grove/Herston

Kelvin Grove has a choice of education options and is a popular suburb for students to reside in. With a couple of cafes nestled amongst the beautiful leafy streets, it is well connected by public transport making it a popular choice of suburbs.

  • Inner-city
  • Walkability
  • Public transport
  • Education 

Fortitude Valley

Fortitude Valley has seen a serious transformation from party suburb to rapidly growing, inner-city living apartment. Fortitude Valley still has a strong nightlife scene, so it’s a place for those wanting to be in the thick of it. Fortitude Valley brings a variety of cafes and employment options too. This suburb is loved for its retail, culture and walkability. 

  • Inner-city
  • Cafe culture
  • Walkability
  • Public transport
  • Education 

best suburbs to buy in brisbane

 

3. Best Suburbs to Invest in Brisbane

Population growth is considered one of the key contributors to property value growth in Australia.

And according to recent research conducted by Matusik Property Insights, the following 20 suburbs, out of a total 323 suburbs in the total South East Queensland region will account for around 40% of the anticipated population growth in the area.

While Property Investment growth is not only determined by a suburbs population increase, it along with wages, land supply and housing demand can influence the market.

brisbane best suburb

Either way, these suburbs are a good starting point to start researching a potential investment suburb in Brisbane.

For more information on population and job projections, and what they mean for the market you can access Michael Matusik’s population + job report here.

Southeast Queensland suburbs Projected population increase (PA) Relevant region % relevant region’s projected growth
1. Ripley 4,030 Ipswich 31%
2. Jimboomba 2,920 Logan 37%
3. Caloundra-West 2,110 Sunshine Coast 22%
4. Pimpama 2,020 Gold Coast 14%
5. Coomera 1,830 Gold Coast 12%
6. Greenbank 1,650 Logan 21%
7. Bellbird Park-Brookwater 1,610 Ipswich 12%
8. Rosewood 1,600 Ipswich 12%
9. Springfield Lakes 1,540 Ipswich 12%
10. North Lakes-Mango Hill 1,510 Moreton Bay 16%
11. Landsborough 1,150 Sunshine Coast 12%
12. South Brisbane 1,120 Inner Brisbane 18%
13. Newstead-Bowen Hills 980 Inner Brisbane 16%
14. Southport 960 Gold Coast 6%
15. Surfers Paradise 960 Gold Coast 6%
16. Upper Coomera-Willow Vale 890 Gold Coast 6%
17. Murrumba Downs-Griffin 820 Moreton Bay 9%
18. Redbank Plains 730 Ipswich 3%
19. Cashmere 710 Moreton Bay 7%
20. Fortitude Valley 610 Inner Brisbane 10%
Top 20 suburbs 29,750 SEQld 40%

Read More: Brisbane Property Market 2020 | Analysis + forecast [5 suburbs to watch]

4. Breakdown of best suburbs to invest in Brisbane

When it comes to investing in Brisbane, the easiest way to figure out where to invest is by starting with your budget. 

There are three clear brackets – entry-level $550 – $700k, mid-range $700k to $1mil and $1mil plus. So starting from the top, let’s take a look.

Inner City. A budget of $1mil plus…

If you have room to move with your budget, here are some of Brisbane’s best suburbs to invest in over $1 million. 

Ascot

Ascot has been, for quite some time, a highly sort after suburb. Set between the CBD and the Airport, its convenient location and choice of housing options make it a desirable suburb to call home. Enjoy the cafe culture, selection of schools nearby and train or ferry line linking up to the CBD.

New Farm/Teneriffe

These two riverside suburbs merge into each other and reside along the Brisbane River. The housing options here are incredible, and the long term investment opportunities are worth the upfront cost. This area is well connected to the city, with great walkability, education options and a bustling employment hub. 

Highgate Hill

Highgate Hill is a rapidly growing suburb with significant growth in the pipeline. This suburb boasts incredible views of the city, but this tiny pocket is in high demand – which comes at no surprise! 

best brisbane suburbs

 

Mid-range budget between $700k to $1 million

Cannon Hill

Cannon Hill is a quiet achiever and in the past has been overlooked. Yet now as housing prices go up, families are being moved out of inner-city suburbs and areas like Cannon Hill are growing in demand. This suburb brings a choice of schools, public transport and shopping centres. The older homes leave room for renovation bringing incredible value too. 

Wilston

Wilston is a beautiful, established suburb with a strong cafe culture and local feel. The area has changed and moved from a quaint northern suburb to a more modern, contemporary feel. With a train line and busway, it is well linked to the city, making it a popular option for renters too.

Tarragindi

Tarragindi sits on the south side of Brisbane and brings a strong suburban feel. The suburb links in well with the CBD from the Pacific Motorway and is predicted for future growth.

Taringa

Taringa is a great suburb for families with schools and public transport all close by. Along with a range of entertainment precincts, Taringa is growing suburb ready for investment.

best suburbs in brisbane

 

Now it’s time to move to the entry-level price range, from $550k to $700k.

This choice of suburbs brings a fair price and a great starting point for investors.

Keperra

Keperra is a wonderful entry-level suburb that brings incredible value. With a strong community feel, it is well connected to the CBD with the train line crossing through it. Keperra is a wonderful investment opportunity for those looking for a quiet, yet well-connected suburb.

Chermside West

Chermside West brings a calmer alternative to its neighbouring suburb, Chermside. It is great for families wanting a more suburban feel, yet remaining connected to public transport, schools and hospitals.

Stafford Heights

Stafford Heights is a wonderful investment opportunity for families. There has also been a significant amount of retirees and government housing putting money into the area. Stafford Heights brings both families and professional couples to its neighbourhood.

brisbane best suburbs

 

5. Brisbane suburbs to watch in 2020

As we covered earlier this year, we think these are the best suburbs to watch in 2020.

  • ✅ Strathpine
  • ✅ Ferny Hills
  • ✅ Kedron
  • ✅ Oxley
  • ✅ Greenslopes 
  • ✅ Caloundra

….Ok Caloundra isn’t in Brisbane, but still, one to watch in South East Queensland!

best suburb queensland

While Caloundra is technically on the Sunshine Coast (and not Brisbane) we are still counting it as one to watch in 2020.

Read More: In-depth analysis of our suburbs in Brisbane to watch in 2020

6. Brisbane’s Most Expensive Suburbs

It wouldn’t be a list of Brisbane’s best suburbs without forgetting about the most expensive ones!

Brisbane’s_most_expensive_suburbs

Coming in at number one, and perhaps one of Brisbane’s hipper suburbs is New Farm.

brisbane riverfront property

Brisbane’s New Farm is a suburb within walking distance of the city and located on the River.

New Farm is located within walking distance of the Brisbane CBD and is known for having a beautiful blend of both traditional Queenslanders all the way to some modern unit buildings.

What we love is the blend of character architecture, with trendy cafes and dining experiences. In the middle of it, all is New Farm Park and the Brisbane Powerhouse.

new farm property

With a median house price of $1,737,500 (according to Domain), New Farm is currently Brisbane’s most expensive suburb.

 

7. Top Suburbs for First Home Buyers in Brisbane

One of the biggest challenges for First Home Buyers in Brisbane is finding the best suburb to buy in.

Should you buy near your parents?

Or maybe near work?

But at the end of the day, it usually comes down to budget.

…Which is where the next suburb along strategy can help you get in sooner!

first home buyer suburbs bribane

While you might want to buy in Ashgrove, what you can get for your budget might not be as good as what you could buy in Mitchelton for example.

…Or Paddington, where the median house price is $1.15M but if you look the next suburb along being The Gap and you can buy a house for closer to $685,000!

Remember, your first house doesn’t need to be your forever house.

 

 

Bonus #1: How to find the right suburb for you

We looked at a good mix of a few of Brisbane’s most popular suburbs, and a few little-known ones to research a few Brisbane suburbs based on your goals.

I want a suburb that’s walkable

If you want walkable, look no further than the city and surrounds, with the Fortitude Valley being a trendsetter’s delight. Almost 50% of the residents here are young and independent, giving this inner-city area undisputed cool cachet and excellent bars and nightlife. ‘The Valley’ as it’s known is the entertainment precinct famous for great food, live music, clubs and its bustling China Town. 

Have a look at Fortitude Valley, Bowen Hills and Newstead.

brisbane cbd mortgage broker

It’s easy to walk to Brisbane’s CBD from The Valley, Bowen Hills and Newstead.

I’m a young professional

Home to Italian migrants in the fifties and an altogether rougher, grungier crowd in the 1980s, New Farm has gradually gentrified over the past 20 years. Young professionals love the area for its proximity to the city and cool sensibility, but a new wave of empty-nesters are selling their family homes and moving here to enjoy the low-maintenance lifestyle offered by New Farm’s apartments and converted lofts in Teneriffe.

Have a look at New Farm and Teneriffe.

family homes morningside

Looking for a family home? Try Morningside or Cannon Hill.

I’m looking for something Family Friendly

Mainly established couples and families, Cannon Hill is like a country town just outside the city. A lovely, friendly community vibe pervades the air here, and it’s close to the CBD, airport, shops, schools and lovely bush walks. Convenience and a peaceful vibe make Cannon Hill popular with commuters. Recent construction at The East Village and the newly-renovated Carindale Shopping Centre have only added benefit for local residents. Another area close to the city with great transport and motorway links, Morningside is only 5 kilometres from Brisbane and within easy access to shopping in the CBD, New Farm, Carindale and Woolloongabba.

Have a look at Morningside and Cannon Hill.

Brisbane-property-market

There are lots of leafy suburbs like Morningside and Cannon Hill just across the bridge.

I’d love to be on the water.

Far enough from the city to feel like another town but close enough to commute every day, these bayside suburbs are tucked away from the hustle and bustle of Brisbane CBD and are mostly populated by mature couples, families and retirees. Manly’s north-east facing aspect, village shopping centre, parkside esplanade and boat harbour provide the perfect setting for enjoying the good life near the water. It’s a clean and friendly village with most conveniences available and good local schools and daycare centres, and homes are a variety of old and new, with many ‘Queenslanders’ in good condition or ripe for renovation.

Have a look at Birkdale, Manly, Wynnum & Lota.

We want some room to move.

Only 12.5km from the city, Aspley is a well-established suburb with good access to local shops such as the Hypermarket and Chermside Shopping Centre, as well as decent schools, transport and medical facilities. Mostly populated by older couples and mature families, it’s a residential suburb with some professionals who commute to the city. Bracken Ridge has changed a lot in the past decade, with many shops and homes being renovated and a wider variety of people moving in.

Have a look at Aspley, Albany Creek, Bracken Ridge and Chermside.

brisbane housing

Need room to move? Have a look at Aspley, Albany Creek, Bracken Ridge and Chermside.

What about starter homes

Formerly down-at-heel, times have changed for Annerley ‘ only 5 kilometres from the city, its mix of colonial homes and apartments makes it a magnet for professionals and families, and the air rings with the industrious sound of renovation. Multicultural and safe, it has a neighbourly atmosphere and offers lifestyle and convenience with suburban charm. A central hub for transport and shopping, the suburb offers both buses and trains in and out of the CBD, easy access to the M3 and is within close proximity to Woolworths.

Have a look at Annerley, Buranda and Moorooka as well as Fairfield Gardens and Stones Corner.

home loans in qld

Annerley and Buranda are a short drive across the Story Bridge to Brisbane’s city.

Depending on what type of home you are looking for the suburb has the biggest impact. Anything with a train line is always going to be in higher demand when you go to sell later on (investors from down south seem to love trains). If buying a unit try and pick up something on the ground floor, courtyards make a huge difference to livability of your outside area.

Adam Stefan, Real Estate Agent Brisbane.

Bonus #2: Where can you by a home for under $500,000 in Brisbane?

Given Brisbane’s sprawl, it is worth looking outside of just the areas you live and have lived before.

According to David Hyne, Director at Herron Todd White now is the right time to be looking to buy in Brisbane and also the suburbs outside of the inner city of Brisbane.

Every other property cycle has started this way, and this is no different. We see growth in the inner city areas, and then start to move out. Brisbane’s inner city areas have performed at around 5-6% per year, and although this hasn’t impacted the properties 25-30km out in previous cycles the growth continues to move out to the suburbs.

David Hyne, Herron Todd White Brisbane.

David Hyne believes there are great buying opportunities in and around Brisbane, with the Brisbane market bottoming out in 2011. Looking at the market since 2012, Brisbane has had median house growth of around 20% compared to Sydney’s 80% and Melbourne’s 60%.

The Brisbane market has been the poor cousin in this last cycle, but it presents opportunities to buy well prices properties under $500,000 in suburbs like Everton Park, the older timber style post-war housing or Keperra, Albany Creek and Chermside too.

Don’t be afraid to buy further out to get what you want. Outside the 10km ring in Brisbane is still extremely close to the city in the grand scheme of things. Also I suggest you start looking online at SOLD properties, not what is currently for sale if you really want to get a good idea on price, not what is for sale. What something is listed and then sells for can be a big variance.

Adam Stefan, Real Estate Agent Brisbane.

south bank brisbane home loans

Brisbane by night.

 

That’s it for now

Overall the Australian property market is looking steady for 2020 and we’re looking forward to seeing you throughout the year!

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