When investing in properties in Australia, choosing the right suburb in a good city can make all the difference. Let us look at the best suburbs in Brisbane that are worth investing in.
People consider factors like the cost of living and the availability of schools, parks, and coffee shops nearby when choosing a suburb.
It requires a lot of research to make the right decision when considering a suburb to live or invest in.
A good way to know if a suburb is best for you is to ask the residents. What do they have to say as regards the area?
This is necessary to determine whether the investment will be worthwhile or not. In this regard, Brisbane suburbs look promising.
Research points to favourable predictions of a rise in property prices in the city over the year 2022.
If you are thinking of investing in a suburb, below are eight of the best suburbs in Brisbane city you might want to consider the following options.
- Cheapest apartments for rent in Melbourne, CBD
- Top 10 most expensive suburbs in Sydney
- Best suburbs to live in Melbourne
Ascot is one suburb you should consider if you are looking at the best suburbs in Brisbane for investment.
According to available current data, the average property prices in the suburb over the last year ranged from $2,025,000 for houses to $520,000 for units.
Houses and units in the suburb currently rent out for $925 PW and $428 PW, with annual rental yields of 2.4% and 4.3%, respectively. This is worth considering by property investors.
Leafy parklands characterize ascot, and there are numerous restaurants, shopping malls, and cafes for residents to choose from. It’s easy to get a train from the suburb to the CBD.
People who live there are mainly professionals, singles, and retirees. It is also one of the best suburbs in Brisbane for families.
Check out more properties in Ascot QLD.
This is also one of the best suburbs in the greater Brisbane area. Houses in the area are, however, quite expensive.
On average, houses are priced at $940,000, while units’ average price has been $410,000 for the past year. House rent is pegged at $498 PW, while units are at $410 PW.
The annual rental yields are 2.8% and 5.2% for houses and units, respectively. Those found living in the suburb are mostly families with kids, students, and professionals.
Check out more properties in Stafford QLD.
3. Chermside West
If you are considering the answer to what are the best suburbs to invest in Brisbane, then undoubtedly, Chermside West is a great option.
Aside from the cost of living in the area, which is relatively cheap, there’s good internet access, gym facilities, and a clean and green environment.
The average rent for houses in Chermside West goes for $530 per week, and the average rental yield is 3.44%.
Check out more properties in Chermside West QLD.
When considering what are the best suburbs to live in Brisbane, Ashgrove is definitely a top choice.
Average property prices over the last year ranged from $1,387,500 for houses to $511,000 for units in Ashgrove.
The house rent in this suburb goes for $645 PW, an annual rental yield of 2.4%, and units rent for $428 PW, with a rental yield of 4.4%.
Ashgrove has a lot of schools for the residents to decide which one they’d like to enrol their kids in. It’s also very close to the city. This is the best fit for professionals and families with kids.
Check out more properties in Ashgrove QLD.
In this suburb, the inhabitants are mostly professionals, singles, families with kids, LGBTQ+, and fashion-conscious.
There are numerous shopping options in Paddington, parks and recreational centres, great public transport, and a friendly neighbourhood.
Over the last year, the median property prices in the suburb ranged from $1,600,000 for houses to $645,000 for units.
Property investors can consider Paddington if they search for a good suburb in Brisbane to invest in.
In Paddington, houses rent out for $720 PW with an annual rental yield of 2.3%, while units rent for $430 PW with a rental yield of 3.5%.
Check out more properties in Paddington QLD.
This is another Brisbane suburb that is mostly best for families. It has a lot of parks, pools, and hospitals that are near the things a typical family will need.
The suburb also has many villages like Aveo Cleveland, Renaissance, and many others, which are perfect for those who want to retire.
Available statistics show that Cleveland’s Median property prices over the last year ranged from $850,000 for houses to $486,000 for units.
For someone considering an investment property, houses in the suburb rents out for $575 PW with an annual rental yield of 3.5% and units rent for $450 PW with a rental yield of 4.8%.
No doubt, this is one of the best suburbs in Brisbane to invest in.
Check out more properties in Cleveland QLD.
Indooroopilly, or Indro, is a suburb known for having numerous options of shops, theatres, restaurants, gyms, and excellent public transport for its residents.
Those who live in the area are mostly students, families with kids, and professionals. Average property prices over the last year in Indro ranged from $1,376,000 for houses to $500,000 for units.
Houses in Indooroopilly rent for $605 PW, while units rent for $450 PW. The annual rental yields are 2.3% and 4.7% for houses and units, respectively.
Check out more properties in Indooroopilly QLD.
Carindale is a suburb characterized by good infrastructure. The available data shows that sales demand and prices are favourable for property investment.
The residents are mostly professionals, singles, families with kids, retirees, LGBT+, hipsters, students, and trendy, stylish beach lovers.
The average price of a property for the past year ranged from $1,307,000 for houses to $560,000 for units.
Houses and units in Carindale rent out for $700 PW and $500 PW, with annual rental yields of 2.8% and 4.6%, respectively.
So, when you are next considering the best suburbs in Brisbane to invest in, you should know the ones that are your best bet.
Check out more properties in Carindale QLD.
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