5 Brisbane Suburbs That You Should Invest In This Year

After a tumultuous 2020, the Brisbane property market is expected to make a rapid recovery this year. This is the general consensus among some of the biggest financial institutions in the country, with reports from ANZ and AMP Capital both predicting a near 10% increase in median housing prices. This surge is anticipated due to a number of factors including the continuation of record low interest rates, and booming interstate migration. With all these factors in mind, 2021 could be the perfect year to purchase in investment property in Brisbane. This article will analyse 5of the city’s most prominent growth suburbs in order to help you figure out where your ideal investment property is.

1. Yeronga

The riverside suburb of Yeronga is a very family-friendly suburb that is incredibly appealing to parents, or established professionals. As a result of its enviable position and abundance of outdoor facilities, Yeronga’s median house price is $960,000, well above the city average of $720,000.

While this may be a hefty sum, all signs point to a suburb that is continuing to see a surge in prices – In the 5 years from 2015-2020, the median house price increased by $45,000 each year. Analysts suggest that this growth is set to continue, partly due to a revitalization of the 3 Hectare site that used to be Yeronga TAFE.

2. Ferny Grove

Research suggests that Ferny Grove experienced a 23% rise in views per home listing over the first quarter of 2020. This rapid increase in popularity has continued into 2021, as the suburb continues to be in exceptionally high demand. In fact, realestate.com.au state that each Ferny Grove listing is receiving an average of 1991 page visits, significantly higher than the state average of 897.

Over the past 5 years, property prices have grown by nearly 24%, further proving that the area is quickly gaining popularity.

This suburb is very ideal for families due to its close proximity to public transport, and primary/secondary schooling. With all this information in mind, it is thought that investing in Ferny Grove property could prove to be an excellent long-term decision.

3. Ripley

Located 43Km south west of the CBD, Ripley is significantly more rural than any of the other suburbs on this list.

Its population in 2016 was just 1,405, but this number is expected to explode to 120,000 once the QLD Government implements its housing plans for the area. These housing plans cover 4680ha, making it one of Australia’s largest urban growth areas.

One of the most appealing characteristics of this suburb is the price. A median house price of just $389,950 makes it ideal for investors who are not looking to spend a large sum of money. Median housing prices have increased by just over 8% over the past 5 years, though it is thought that this number will explode in the near future as housing plans are finally realized.

4. Chermside West

Research suggests that Chermside West has huge growth potential, primarily due to its superior location, and proximity to a range of amenities. Located just 12km from the CBD, the area has undergone a high level of gentrification over the past few years, and is therefore poised for growth.

The neighboring suburb, Chermside, has undergone growth of over 30% over the past 5 years. Analysts suggest that this growth will have a ripple effect on Chermside West in the near future.

5. Everton Park

Everton Park is looked on favorably by families due to its advantageous location and excellent transportation systems running to the CBD, Sunshine Coast, and Moreton Bay.

Due to the fact that it is a very residential area, Everton Park boasts larger blocks of land for comparatively cheaper prices. As analysts see an increased number of renters looking for larger properties in relatively uncrowded areas, it is no surprise that median property prices in Everton Park is poised to increase by 22% over the next 3 years.

The bottom line

After remaining resilient through the COVID-19 outbreak, the Brisbane property market is looking like it will explode in 2021. In order to take advantage of this boom, investors should be looking to invest in high growth areas like the ones listed in this article.

Disclaimer: This article is not financial advice. Before buying a property, do your own research, and consult a professional.

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