Disclaimer: The following information is intended to provide general insights into the Brisbane property market. It is not financial or investment advice. We strongly recommend that you conduct your own research and seek professional advice before making any investment decisions.
Looking to invest in property in Brisbane? With its vibrant neighborhoods and growing market, Brisbane offers plenty of opportunities for savvy investors. We’ve identified seven of the best suburbs in Brisbane for property investment in 2024.
These suburbs were selected based on their potential for growth, lifestyle amenities, and overall investment appeal. Read on to discover which Brisbane suburbs should be on your radar this year.
What Makes a Suburb a Great Investment?
Choosing the right suburb for property investment can make all the difference. Here are the key factors that typically indicate strong investment potential:
Access to public transport: Proximity to train stations and bus routes is a major draw for tenants and buyers.
Quality schools: Suburbs with reputable schools attract families, ensuring steady demand.
Green spaces: Parks and recreational areas add to a suburb’s livability and appeal.
Local amenities: The presence of shopping centers, cafes, and healthcare facilities is crucial.
Affordability and growth potential: Look for suburbs with reasonable entry prices and solid growth prospects.
Now, let’s dive into the top 7 Brisbane suburbs to consider for property investment in 2024.
1. Ascot
Ascot is one of Brisbane’s most prestigious suburbs, known for its leafy streets and proximity to the CBD and airport. It's a popular choice for professionals and families seeking a high-quality lifestyle close to the city.
Population: 5,787
Median House Price: $2,400,000
Median Rental Yield: 2.8%
Pros:
Close to CBD and airport
Strong demand due to prestige and location
High likelihood of retaining value
Cons:
High entry cost
Limited availability of new properties
2. Paddington
Paddington has transformed from a working-class suburb into one of Brisbane’s trendiest areas. With its proximity to the CBD, Suncorp Stadium, and South Bank, it’s a hotspot for those who enjoy a vibrant, social lifestyle.
Population: 9,965
Median House Price: $1,965,000
Median Rental Yield: 2.3%
Pros:
Trendy area with abundant amenities
Close to the city center
Strong community vibe
Cons:
High property prices
Lower rental yield compared to other suburbs
3. Ashgrove
Just 4 km from the CBD, Ashgrove is a desirable suburb for families and professionals alike. With its strong community, excellent schools, and charming homes, it’s a suburb that continues to attract long-term residents.
Population: 13,039
Median House Price: $1,475,000
Median Rental Yield: 2.7%
Pros:
High demand due to proximity to the CBD
Consistent annual growth
Family-friendly with good schools
Cons:
High price point may be out of reach for some investors
Moderate rental yield
4. Bardon
Nestled at the foot of Mount Coot-tha, Bardon offers a tranquil, leafy environment while still being close to the city. It’s a popular choice for families and professionals who value both nature and proximity to the CBD.
Population: 9,500
Median House Price: $1,723,000
Median Rental Yield: 2.57%
Pros:
Close to the CBD with a natural feel
Highly regarded schools in the area
Strong community and family appeal
Cons:
High median property prices
Slower recent growth compared to other suburbs
5. Stafford
Stafford is an increasingly popular suburb located 7 km north of the CBD. With a range of schools, shops, and parks, it offers a balanced lifestyle for families and professionals, making it a solid choice for investors.
Population: 6,581
Median House Price: $940,000
Median Rental Yield: 2.9%
Pros:
Well-serviced by amenities and public transport
High demand from buyers and renters
Affordable entry point compared to inner suburbs
Cons:
No train station, though bus services are available
High demand can make property acquisition competitive
6. Chermside West
Chermside West is an outer northern suburb of Brisbane that offers affordability without sacrificing access to essential amenities. It’s particularly attractive to investors looking for strong rental yields.
Population: 6,458
Median House Price: $910,000
Median Rental Yield: 3.44%
Pros:
More affordable than inner-city suburbs
Strong rental yields
Proximity to Westfield Chermside and two major hospitals
Cons:
Higher crime rates compared to some other suburbs
Longer commute to the CBD
7. Salisbury
Located 12 km south of the CBD, Salisbury is a growing suburb with a lot of potential for investors. It’s an affordable option with high demand for rental properties, making it a promising area for steady returns.
Population: 8,207
Median House Price: $960,000
Median Rental Yield: 3.6%
Pros:
Affordable entry point
Strong demand for rentals
Good rental yield
Cons:
High competition in the market
Property quality can vary significantly
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