Brisbane’s property market is booming, with detached family-sized properties leading the way.
One reason is the city’s significant investment in infrastructure, which encourages locals to buy rather than rent, and which attracts interstate migrants. Property in Brisbane is also more affordable than in other major cities, the lifestyle is more relaxed, and when COVID was barrelling through the country, Brisbane and Queensland in general, were considered safe.
Young buyers are vying with older retirees to become the dominant demographic, and they’re chasing ‘lifestyle’ areas. These are neighbourhoods that have it all; parks and recreation, shops, school catchment zones, and transport links to the CBD for commuters.
The best areas to invest in Brisbane are near the CBD, with the ideal distance being 5 – 7km. Properties that tick all the boxes tend to be in the inner ring suburbs where gentrification is taking place. Middle ring suburbs are between five and 12km from the CBD, and are also in high demand.
Houses are in much higher demand among property investors in Brisbane than apartments and, again, this has to do with a healthy, low-risk family-friendly lifestyle. Families want space and apartments simply don’t have enough of it.
Brisbane’s sub-tropical climate lends itself to healthy outdoor activities throughout the year. Dining options are numerous and diverse and there are many cultural activities (museums and art galleries) and entertainment opportunities (theatre, cinema, live music, and performance areas for independent artists and entertainers) that cater to all tastes and styles.
Once you have decided to buy property in Brisbane, make sure you engage an experienced buyer’s agent and visit the properties that grab your attention. Never buy a property sight unseen. Even if you have absolute trust in your buyer’s agent, you need to see the house, walk through the house, take in the garden, and check out the neighbourhood before you commit. Your agent might miss little things that are important to you or overlook issues that are your deal breakers.
Always remember: Buyers' agents are there to help you; use them.
 Terry Ryder
March 2020
Rich Harvey and Propertybuyer keep winning awards because they continue to provide top quality expertise and service.
|
Homebuyers: Your Brisbane buyers’ agent has the necessary experience and connections to make the home-buying process simple so that you can start living in your dream home.
Property Investors: Get the insider knowledge of property forecasts and insider information on the best places to invest in Brisbane. Our investment property specialists take care of the whole process, from research phase to settlement.
Take the stress and frustration out of the buying process.
Step 1: Complete our property brief so that we can get crystal clear on what you’re looking for.
Step 2: We’ll discuss and develop a strategy to achieve your desired outcomes.
Step 3: The next step is to research and shortlist locations and properties that tick all of your boxes.
Step 4: Together we’ll evaluate your property shortlist to ensure you’re making the best decision possible.
Step 5: The final step is to negotiate and secure your final property choice to ensure the best possible price and terms.
Brisbane has a number of public transport options.
TransLink services: All you need is a TransLink go card to travel on TransLink buses, ferries, and trains across south-east Queensland. You can get a card from some retailers, including 7-Eleven, Queensland Railway stations, online, and even over the phone. Top-ups are available.
There is also the free CityHopper ferry that travels up down between North Quay and Sydney Street. Other ferries include CityCats and CityFerry services. You can use your go card or buy tickets onboard.
The bus services go from the outer suburbs to the inner ring and include stops along the way to shopping centres, dining precincts, other transport hubs, and the CBD. Within the inner city there are two free bus services; City Loop and Spring Hill Loop. Operating hours are 7am to 6pm on weekdays only. A NightLink bus is available after midnight for weekend revellers.
Trains run across the Greater Brisbane region, including the CBD. An Airtrain service travels between Brisbane airport, the city, and the Gold Coast.
Taxi services operate from Brisbane international and domestic airports. You can also catch a taxi in the CBD and inner ring. Uber drivers are also available.
Bicycles are popular and highly recommended as Brisbane considers itself green and environmentally-friendly. Cycling paths criss-cross the city and if you don’t have your own bike, you can rent a bike at locations dotted around the inner city. Helmets are compulsory.
The TransLink website has the answer to just about any transport-related question.
Brisbane is chock-full of things to do, with activities for everyone, from bookworms to disco divas, and exercise nuts to movie buffs. Some activities are free and others are not. Some of the most popular recreation activities for residents and tourists include:
The Queensland Art Gallery and Gallery of Modern Art (QAGOMA): Plenty of free exhibitions are always on the go, with some major exhibitions requiring a ticket.
Local farmers’ markets: Most neighbourhoods host farmers’ markets, which are usually (but not always) held on Saturday and Sunday mornings. Artisanal goods make up a large part of the products sold, but they’re also an opportunity to buy fresh local produce.
Brisbane boasts plenty of parks, including dog parks, playgrounds and parks for kids, and botanic gardens. New Farm Park is a favourite. You can picnic on the river bank, play a game of rugby, go on a cruise, and people-watch.
There are plenty of libraries; including eLibCat, which is a digital library with all manner of material available, Brisbane Square Library, and a mobile library. The libraries tend to be community hubs, with a range of activities for toddlers and pensioners and everyone in between. They also host events like author talks and various classes (writing, computer literacy, etc.).
Brisbane tends to separate sections of the city into precincts; sectors with a collection of services and activities that are either similar or so quirkily different they have to go together. For example, Fortitude Valley has restaurants, music halls, nightclubs, and designer boutiques.
1. Is buying property in Brisbane a good investment?
Yes. Brisbane’s property market is experiencing unprecedented growth that is expected to continue for at least two to three years. Growth during this time period is expected to be in the double figures, with a maximum estimate of 20% over 2022 and 2023.
Investing in residential property, specifically detached family homes in Brisbane’s inner and middle rings is a very good idea. Property prices are increasing, and low interest rates are very buyer-friendly. Interest rates are expected to remain low over the next three years to aid economic recovery following the initial damage wreaked by COVID.
In addition to existing properties, an estimated 300,000 new homes are expected to be built in 2021. These will not only attract locals and interstate migrants but will also attract international buyers who are regaining confidence in the property market after a dip during the first six to eight months of the COVID pandemic.
2. What is the best suburb to buy in Brisbane?
Brisbane’s property market is gaining strength, but some suburbs are stronger than others. Here are some of the best suburbs in which to buy property.
In the middle ring, with some great properties for first-time buyers, is Keperra. Keperra is popular among those in middle-income jobs with high-income potential. It’s also a train suburb, which is great for commuters who use public transport.
Also in the middle ring but closer to the CBD and more in demand is Cannon Hill. The area has a lot going for it; access to good schools and transport links, and great outdoor space for kids to play.
In the inner ring, with no pretence at budget-friendliness, is Ashgrove. There are excellent schools in the area, dedicated walking paths, and large homes that are perfect to raise a family.
Also in the inner ring is Camp Hill. House prices have increased at a consistent rate for the last five years, and with the market growing as it is, the growth is set to continue. Like Ashgrove, it has many excellent schools in the area.
Some suburbs that should be on your radar include:
Everton Park is considered one of the best suburbs for foodies who don’t want to go to the CBD to indulge their taste buds. It currently attracts first-time buyers and novice investors but it’s getting more attention from serious investors.
Yes. Brisbane is growing. In fact, the only state capital growing faster than Brisbane is Melbourne. There are several reasons for this. Business is growing with plenty of local and international interest. It has a young population with almost 50% being younger than 35 years old. There are significant investments in infrastructure, including eco-friendly developments, transport, and healthcare facilities. The result is job creation and a growing economy.
Its young population has contributed to the city’s vibrancy and facilitated innovation, especially in sustainability and tourism. Many new holiday resorts are planned to capitalise on the growing Far Eastern tourist trade, and on renewed international travel as COVID restrictions are lifted. Brisbane is the primary contributor to Queensland’s economy, managing to grow despite the virtually global downturn as a result of the pandemic.
The moderate climate and laid-back lifestyle also do their bit to attract interstate migrants, which has a knock-on effect on residential development. Many new residential building developments are on the cards for the next few years.
Traditionally, family households have been at the forefront of population growth, but lone person households are increasing. In fact, lone person households are expected to overtake family households over the next seven years.
Now is the time to invest in property in Brisbane, both family and lone person residential dwellings.
© Copyright 2020 Propertybuyer | Privacy Statement
