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Best Suburbs in Brisbane

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 2019?

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 2019.

 

 

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.

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.

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 suburbsProjected population increase (PA)Relevant region% relevant region’s projected growth
1. Ripley4,030Ipswich31%
2. Jimboomba2,920Logan37%
3. Caloundra-West2,110Sunshine Coast22%
4. Pimpama2,020Gold Coast14%
5. Coomera1,830Gold Coast12%
6. Greenbank1,650Logan21%
7. Bellbird Park-Brookwater1,610Ipswich12%
8. Rosewood1,600Ipswich12%
9. Springfield Lakes1,540Ipswich12%
10. North Lakes-Mango Hill1,510Moreton Bay16%
11. Landsborough1,150Sunshine Coast12%
12. South Brisbane1,120Inner Brisbane18%
13. Newstead-Bowen Hills980Inner Brisbane16%
14. Southport960Gold Coast6%
15. Surfers Paradise960Gold Coast6%
16. Upper Coomera-Willow Vale890Gold Coast6%
17. Murrumba Downs-Griffin820Moreton Bay9%
18. Redbank Plains730Ipswich3%
19. Cashmere710Moreton Bay7%
20. Fortitude Valley610Inner Brisbane10%
Top 20 suburbs29,750SEQld40%

 

Read More: Brisbane Property Market 2019 | Analysis + forecast [5 suburbs to watch]

 

3. Brisbane suburbs to watch in 2019

As we covered earlier this year, we think these are the best suburbs to watch in 2019.

  • ✅ Strathpine
  • ✅ Ferny Hills
  • ✅ Kedron
  • ✅ Oxley
  • ✅ 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 2019.

Read More: In-depth analysis of our suburbs in Brisbane to watch in 2019

 

4. 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.

 

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!

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.

 

That’s it for now

Overall the Australian property market is looking steady for 2019 and we’re looking forward to seeing you throughout the year!

Mortgage Broker Brisbane

The Hunter Galloway Mortgage Broker Brisbane team is here to help. We have a team of home loan experts.

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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.

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