In 2020, every housing market in Australia was severely impacted by the COVID-19 pandemic but the good news is that the market on Brisbane has revived exponentially and the appreciation value of houses and units in Queensland’s capital is predicted to rise in 2021. Therefore, if you are considering to invest in a residential property for sale in Brisbane then now is the right time to start looking. You should hire an expert who can give an investment market analysis to help you make an informed decision. Additionally, you should research which areas will be perfect for settling with near and dear one.
To help you, outlined below are the best suburbs to invest in Brisbane in 2021. Have a look at the suburbs if you want to find a good location for your next home.
It has become a hub for young adults and working professionals due to the proximity of the suburbs to the Brisbane Central Business District, University of Queensland, and many other amenities. The median price for houses here is $939,000 and for units it is $470,000. Toowong is a high demand market because it is a suburb of inner Brisbane. It has residential neighbourhoods, shopping centres, theatres, restaurants, and many places to hang out.
Another suburb to considering for buying property in Brisbane is Camp Hill that is about 6km from the CBD and in catchment zone of some of the most prestigious schools in Brisbane. It is an excellent place to live in if you have a family or considering to start a family soon. The median house price here is $950,750 and median unit price is $465,000. You can find a variety of properties here to live peacefully and close to the city.
Manly has been a high demand market because it has a host of good properties available for purchase at affordable prices. Here you can get a house and units at median prices of $966,000 and $557,500 respectively. The public transport of the suburb is excellent, it is close to the city, and you can find a variety of good structures near the coastal side. Investing in this part of the state is good because of properties’ appreciation value and rental yield.
Located on the bank of the wonderful Brisbane River, Indooroopilly is a high demand market because it is close to many Queensland Universities, good schools, medical facilities, and Westfield Shopping Centres, among other amenities. If you want to invest in this wonderful suburb the median house price is $940,000 and median unit price is $475,000. It is close to the CBD and the perfect place for families with kids, working professionals, singles, and students.
An upcoming suburb of Brisbane, Fortitude Valley is an excellent choice for property investment if you want to find affordable units. Here the median unit price is $420,000. The rental yields and appreciation value of property is good as well which is why many people consider this suburb.
Why Invest in Brisbane?
There are various reasons why you should consider buying an investment property in Brisbane especially after the COVID-19 pandemic. Here are some of the reasons listed below.
- Spending and several projects/initiatives by the Australian Government, and Queensland Government
- Low interest rates
- Prediction of interest rates remaining low for coming years
- Confidence of people has grown in the city’s property’s appreciation value and rental yields.
- The city’s auction clearance rates are consistent for many months even in the year of 2020 that was impacted severely by the COVID-19 pandemic.
Besides these reasons, investing in Brisbane is good if you are hoping to settle in city or its suburb because it has good schools, modern amenities, smooth public transportation system, wonderful restaurants and many other reasons.
The Bottom Line
Making an investment by buying a property is a significant decision which is why you should inform yourself about various things. Use this guide to known which suburbs will be the best options for investing in Brisbane in 2021. Also, pay attention to the reasons listed above as to why you should invest in the lucrative city of Brisbane or its suburbs.