Brisbane is a vibrant and appealing city that can go under the radar a little when it comes to property investment. There is a natural inclination to look at some of the larger cities and their popular suburbs to cash in on rising markets. The only problem is the amount of competition for properties and the expenses. Brisbane is more low-key in many ways, but it’s also on the rise. Young professionals and families are keen to get away from Sydney and Melbourne and into a city with a quieter pace and great opportunities for a work-life balance. These domestic migrants need the right home to buy or rent, and that is where developers can benefit from investing in property in Brisbane.

Ranking Brisbane’s Investment Opportunities

The following is a list of suburbs in Brisbane that have performed well in recent years. The list covers potential areas for investment based on their annual growth for property prices and the rental market, just in case you prefer to buy somewhere to rent out rather than sell on. There’s also some information about why the area is so sought after right now. Whichever suburb you choose, you can find a reliable mortgage broker in Brisbane to get you on the right course.

10 Suburbs To Consider In Brisbane

1) Wilston

Wilston ranks really high in terms of growth for 2023, with a 37.70% annual growth for house prices. The rental growth is low by comparison, although the average monthly rent of $730 helps. This is partly due to the regeneration of the area with extensive modernisation and partly to the desirability of the area. It is as popular with working professionals as families settling with young kids.

2) Teneriffe

Again, the annual growth in the housing market is high in Teneriffe, with 20.80%. This time, the rental market is stronger, with 8.10% annual growth. The continued appeal of this suburb is down to its location. It’s just close enough to the CBD for commuters but also suburban enough for families and a more chilled way of life. It also feels high-end, which helps with property prices.

3) New Farm

This is a suburb on the rise with a strong demand for property. This has driven the annual housing growth of 17.40% and rental growth of 27.20%. While there isn’t anything particularly special about this commuter suburb, that’s actually part of the charm. It’s simple, chilled, and a welcome break from bigger cities.

4) Ascot

The rental growth of 13.60% and housing growth of 16.70% contribute to the success of Ascot. This is also another area that’s always going to do well, thanks to its location. Those wanting to live close enough to work without living downtown can enjoy the perks of Ascot. It’s right between the CBD and the airport, so it couldn’t be more convenient.

5) Ashgrove

This one could be a sleeper compared to some of the more interesting or established areas. 2023 saw annual housing growth at 16% and average rental prices at $720. Its positive growth is in the right direction, even if it isn’t substantial. The trick here is to market it to the right people. There’s great potential here for families looking for a first home.

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6) Wavell Heights

This is another option that looks like a middle-of-the-road choice on paper. It all depends on whether you want the more interesting risks, the high-end suburbs, or to play it safer. There’s nothing wrong with Wavell Heights because of its brilliant location and local facilities. It could be perfect for the right buyer. With steady growth of 6.10% for housing and 3.20 for rentals, it could be a lot worse.

7) Highgate Hill

Areas with planned developments are always fun to roll the dice on. You can get a good deal now, wait for the new infrastructure and local amenities to come in and profit. That’s the idea with Highgate Hill, which has some serious redevelopment on the horizon. Right now, the average rent is far at $720, and housing has grown 6%. That could all change.

8) Taringa

This is another suburb where property investors need to understand their target market. This is a university district – which some people will love, and others will hate. It does mean brilliant infrastructure and amenities in a multi-generational area. It could be a great place to set up a shared house or rental property for graduates. With annual growth of 3.10% and rental growth of 2.6%, it’s an interesting prospect.

9) Keperra

Keperra is one of those areas that can fly under the radar because of its slow growth. It saw annual housing growth of just 1.4%, and the average rent is relatively low at $550. Still, that doesn’t mean people aren’t interested in living there. They like the community feel of the area, and houses that have gone up for sale there have sold fast. You could snap up a bargain.

10) Mansfield

There is a red flag here for some property investors with the annual growth figure of %-0.50 for 2023. Still, there has been some improvement in the rental sector, with a 14.10% rental yield. What makes this last option so interesting is that it’s under development, with the potential for the area to appreciate in value soon enough. It’s also popular with older people looking to settle in good homes.

Pick A Suburb That Meets Your Needs

There is a lot to think about when choosing the best suburb for property investment in Brisbane. Clearly, the financial implications and recent growth in the areas are high on the list. It helps to choose somewhere that’s been profitable and can continue to be so, whether that means property prices or rental prices. However, you can’t look at these percentages alone. Some suburbs aren’t performing as well right now that have significant potential. We’re talking about the ones with planned development and a shift in popularity that will draw in more home buyers in the next few years. This guide is just a starting point. Conduct as much research as possible on short-listed suburbs and see which one speaks to you. You can then start searching for great deals on property and get in contact with your Brisbane mortgage broker. With the right support and strategy, investing in property in Brisbane can really pay off.

The post 10 Suburbs For Property Investment In Brisbane appeared first on The Total Entrepreneurs.

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