Finding cheap houses in Brisbane can be tough, especially when the median house price is at $780,000. But, there’s good news: there are still properties on the market for under $300,000! Check out this one-bedroom house listed at $279,000 located just 25 minutes from Brisbane’s CBD.
Looking for more cheap houses for sale in Brisbane? Set up your match profile on Soho and get alerted when new properties become available in your favourite suburbs.
Brisbane’s more affordable suburbs are Rocklea and Cleveland. They can offer various options for those seeking a budget-friendly home. The city’s lower quartile sales price is $470,000, that means some of the cheapest houses in Brisbane go for around $500,000.
First home buyers can also benefit from stamp duty concessions for properties valued below $500,000. Affordable properties under $250,000 can be found in sought-after areas, with easy access to public transportation, schools, and essential amenities.
You’ll find that exploring Brisbane’s housing market offers an array of cheap and affordable choices to suit your specific needs. It’s essential to thoroughly research and plan before committing to purchasing a property.
By keeping yourself informed, understanding your budget, and utilising local resources, you can navigate the housing market with confidence.
Suggested reading: Affordable properties in Brisbane under $250,000
Affordable Suburbs in Brisbane
In your search for the cheapest house in Brisbane, we’ll identify affordable suburbs with promising property options, explore the median house price and price growth trends, along with key factors affecting affordability in Brisbane suburbs.
Cheapest suburbs in Brisbane:
Cleveland – median unit price = $590,000
Rocklea – median house price= $511,096
Logan Central – median house price = $495,000
Woodridge – median house price = $497,500
Bellbird Park – median unit price – $340,000
How to find Affordable Suburbs in Brisbane
3 Key Factors Affecting Affordability
When looking for the cheapest house in Brisbane, pay attention to these significant factors that affect property affordability:
- Public transport: Easy access to public transport facilities, such as train lines, can make a suburb more attractive and affordable.
- Shopping centres: Nearby shopping centres contribute to the convenience and desirability of living in a suburb, potentially increasing affordability.
- Schools: Proximity to good schools can impact a suburb’s affordability, especially for families with children.
Understanding these factors can help you gauge how much money you need to live comfortably in Brisbane. For instance, Eagleby is an affordable suburb with a median unit price of $252,000 and offers access to shopping centres, schools, and public transport, making it an appealing option to consider.
By researching these factors and exploring the suburbs that meet your criteria, you’re sure to find a property for sale in Brisbane that suits your budget and lifestyle.
Remember to take advantage of online resources and real estate portals to compare suburbs and stay updated on the latest trends in the real estate in Brisbane market.
Research Median House Price and Price Growth Trends in Brisbane
When evaluating inexpensive real estate options in Brisbane, you should consider both the median house price and price growth trends in different suburbs.
For example, Cleveland has seen sales volumes double in the last year, with a median house price of $685,000. Which is why we recommend looking at units over houses in Cleveland.
On the other hand, you can find cheaper options like Rocklea, which has a median sales price of just $457,500. This context is vital when weighing the decision of Is it cheaper to rent or buy in Brisbane?
What is the average flat price in Brisbane?
If you’re looking to buy a flat in Brisbane, it’s crucial to know the average prices in the area. In recent times, the median unit price in Brisbane shot up by 1.3% in October. This brought the quarterly changes back up to a strong positive territory at 3.5%.
“Over the past 12 months, Brisbane units have increased in value by an impressive 9.6%, putting the median price at over $545,000.”
However, while these figures provide a general overview of the Brisbane flat market, it’s essential to remember that prices can vary significantly depending on factors such as the suburb, quality of the flat, and proximity to amenities.
For instance, Bowen Hills, in Brisbane’s inner northeast, is considered the cheapest suburb to buy a unit. Prices here have fallen by 13.7% over the past 12 months, reaching a median price of $435,000.
As you search for a flat, keep an eye on areas like these that may offer attractive opportunities at more affordable prices.
To help you find a suitable flat within your budget, consider making a wishlist of features that you desire. This way, you can effectively prioritize the essential elements, such as location or size of the flat, while being open to compromise when it comes to non-essential features.
“Don’t hesitate to seek advice from local real estate agents who are familiar with the Brisbane market. They can provide valuable insights and opportunities that may not be readily available online.”
In conclusion, preparing yourself with the right information and having a clear understanding of what you want in a flat will make your search much more focused and efficient. Keep in mind the current average flat prices in Brisbane, and continue exploring the market to find the perfect place to call your home.
As you consider the costs of housing across different regions, it’s worth taking a look at Brisbane’s market. Find out more by reading our guide on how much does a house cost in Brisbane Australia?
FAQs on ‘Where is the Cheapest House in Brisbane?’
Q: What are the lowest income suburbs in Brisbane?
A: The suburbs with the lowest median personal weekly incomes in greater Brisbane are Southern Moreton Bay Island ($455), Logan Central ($476), and Wacol ($485). These areas experienced lower income growth between 2011 and 2021 compared to the citywide average.
Q: What is the average cost of living per week in Brisbane?
A: For a single person, the average cost of living in Brisbane ranges from $400 to $750 per week, depending on living circumstances. This estimate can be refined using a cost of living calculator.
Q: Which is the richest suburb in Brisbane?
A: Teneriffe is the most expensive suburb in Brisbane, maintaining its status for another quarter. The median house price in this inner-city area is approximately $3.62 million, marking a significant 43.6% increase over the past 12 months.
Q: What is the average rent in Brisbane?
A: As of 2023, the median rent in Brisbane for houses is $674 per week, while the rent for units is slightly lower at $526 per week.
disclaimer: some of the images may be optimised using AI
