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
- 2. Best Suburbs to Invest in Brisbane
- 3. Brisbane suburbs to watch in 2020
- 4. Brisbane’s Most Expensive Suburbs
- 5. Top Suburbs for First Home Buyers in Brisbane
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.
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:
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.
2. 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.
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|
|3. Caloundra-West||2,110||Sunshine Coast||22%|
|4. Pimpama||2,020||Gold Coast||14%|
|5. Coomera||1,830||Gold Coast||12%|
|7. Bellbird Park-Brookwater||1,610||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%|
3. 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!
4. Brisbane’s Most Expensive Suburbs
It wouldn’t be a list of Brisbane’s best suburbs without forgetting about the most expensive ones!
Coming in at number one, and perhaps one of Brisbane’s hipper suburbs is New Farm.
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.
With a median house price of $1,737,500 (according to Domain), New Farm is currently Brisbane’s most expensive suburb.
5. 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!
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.
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!
- Brisbane Property Market in 2020
- LVR Calculator, and What is Loan to Value Ratio?
- Explanation Letter: Written Sample & Template for Home Loan Application
- First Home Owners Grant QLD 2020 [Are you Eligible?]
Ready to take the next step toward buying? We’re happy to help. Schedule a call today with a Home Loan Expert from Hunter Galloway, the home of home buyers.