2020 was rough for the realms of real estate, but things are looking up. If you’re a property investor, where are the best suburbs to buy in Brisbane this year?
From fires to floods to fevers, the past twelve months have certainly provided one surprise after another for many Queenslanders – including those looking to buy or sell a home during this period. Housing growth has notably slowed down in the big hubs of Sydney and Melbourne thanks to both the global pandemic, overall affordability, tighter lending standards and weak wage growth. The good news? While things simmer down south, Brisbane looks to be picking up the slack.
The strength of the Sunshine State’s property market has seen a rise in demand for detached homes, especially those in regions that compliment our lifestyle by the beach or easily accessible to the city. The end of 2020 saw a +4.14% growth in Brisbane’s home value index, with capital growth projected to surge as high as 6-10% – so what are the best suburbs Brisbane buyers can invest in to take advantage of this?
Best Suburbs Brisbane Has To Offer In 2021
There are multiple markets in the diverse sprawling city of Brisbane, divided by geographic location, price point and property type. Whether you intend on being within the CBD inner city ring, seeking a treechange or perhaps even by the beach, the good news is that there truly is a suburb that suits everyone in the River City.
Toowong – With the University of Queensland just a stone’s throw away, Toowong will be home to a revamped $450 million village centre opening by 2023. The median house price in the suburb in 2020 has been $1 million, with a twelve month growth of 12.81%. Not bad at all!
Camp Hill – Located in Brisbane’s leafy eastern suburbs, Camp Hill is soaring in demand thanks to its position within the catchment zone of some of the city’s most sought after schools. Just six kilometres from the CBD, it’s experienced a 4.1% compounded growth rate in the last five years.
Manly – While the Redlands area is experiencing a boom as a whole, Manly is perhaps the jewel in the crown. With the largest boat harbour in the southern hemisphere, it’s home to multi million dollar houses and boasts a 14.2% increase in house prices over the past three years.
Mount Cotton – Previously considered as “too far out of the CBD”, the bigger blocks of Mount Cotton are seeing a surge thanks to it’s flexible location. Positioned right between Brisbane City and the Gold Coast, both are just a 45 minute drive, while still being 10 minutes to the beach.
Sandgate – Seaside suburbs like Sandgate, Shorncliffe and Redcliffe are booming in popularity thanks to large scale infrastructure additions such as the new train line. Strong growth is also being seen in neighbouring suburbs, Morayfield and Caboolture thanks to an affordable price point.
Organise Your Pre-Approval To Go House Hunting
Before you get started with property inspections, one of the best secret weapons that any buyer can have is a home loan pre-approval. Not only do you know your spending limits, but the stress and time that traditionally goes into organising one is already taken care of – and did we mention bargaining power?
If you’re on the hunt for a highly recommended mortgage broker in South East Queensland, or even some friendly and honest advice on where to buy in Brisbane, then it’s time that you met with George Samios and the team at Madd Loans.
Since their inception in 2012, the team at Madd have worked tirelessly in providing over 1700 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, George takes great pride in making the mortgage process both fun, educational and stress free – and he has a swag of awards to prove it.
An independent operator can be your greatest asset when it comes to navigating loan options, as brokers are there to make you happy – not the banks. To speak to a Brisbane based mortgage professional, please get in touch with the team at Madd Loans today to help turn your financial dreams into reality.