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 to invest in Brisbane that are worth having a look into.
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, especially in this Brisbane rental crisis. In this regard, Brisbane suburbs look promising.
Research points to an increase in the Brisbane house price growth in the past 10 years which is obviously a positive signal to investors.
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.
Recommended Reading: What Will Predicted House Prices in 2030 Brisbane Look Like?
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1. Ascot
Ascot is one suburb you should consider if you are looking at the best suburbs to invest in Brisbane as it’s also one of the safest suburbs in Brisbane.
According to available current data, the average property prices in the suburb over the last year ranged from $2,045,000 for houses to $580,000 for units.
Houses and units in the suburb currently rent out for $1,100 PW and $545 PW, with annual rental yields of 2.58% and 5%, 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.
2. Stafford
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 $885,000, while units’ average price has been $460,000 for the past year. House rent is pegged at $600 PW, while units are at $475 PW.
The annual rental yields are 3.57% and 5.70% 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 median house price in Chermside West is $855,000 for houses and $455,000 for units.
The average rent for houses in Chermside West goes for $617 per week, and the average rental yield is 4.05%. For units, the average rent is surprisingly similar at $607 per week and the rental yield there is 4.90%.
Check out more properties in Chermside West QLD.
4. Ashgrove
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 $1,590,00 for houses to $620,000 for units in Ashgrove.
The house rent in this suburb goes for $495 PW, an annual rental yield of 3.21%, and units rent for $428 PW, with a rental yield of 4.73%.
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 for sale in Ashgrove QLD.
5. Paddington
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 $1,700,000 for houses to $650,000 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 $800 PW with an annual rental yield of 2.6%, while units rent for $520 PW with a rental yield of 4.83%.
Check out more properties in Paddington QLD.
6. Cleveland
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 $936,000 for houses to $585,000 for units. This shows that Cleveland is one of the best Brisbane suburbs for first home buyers.
For someone considering an investment property, houses in the suburb rents out for $675 PW with an annual rental yield of 3.86% and units rent for $495 PW with a rental yield of 4.75%.
No doubt, this is one of the best suburbs in Brisbane to invest in.
Check out more properties in Cleveland QLD.
7. Indooroopilly
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 $1,403,000 for houses to $601,000 for units.
Houses in Indooroopilly rent for $750 PW, while units rent for $550 PW. The annual rental yields are 3.32% and 5.07% for houses and units, respectively.
Check out more properties in Indooroopilly QLD.
8. Carindale
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 $1,350,000 for houses to $655,000 for units.
Houses and units in Carindale rent out for $790 PW and $565 PW, with annual rental yields of 3.72% and 4.80%, 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.
Which Brisbane suburbs are best for investment?
The best Brisbane suburbs for investment this year will depend on your individual investment goals and risk appetite. However, some of the suburbs that are generally considered to be good investment prospects include:
- Inner-city suburbs: Teneriffe, New Farm, Ascot, Wilston, Highgate Hill, Ashgrove, Taringa
- Middle-ring suburbs: Wavell Heights, Tarragindi, Cannon Hill, Holland Park, Mansfield, Stafford, Stafford Heights, Chermside West, Keperra
These suburbs are all well-located, with good access to employment, education, and amenities. They are also in high demand from tenants, which means that you can expect to achieve good rental yields.
Which Brisbane suburbs will boom in 2023?
Brisbane is hosting the 2032 Olympic Games, which is expected to lead to a surge in investment and development in the city. As a result, suburbs that are located close to Olympic venues or that are expected to benefit from the associated infrastructure improvements are likely to see strong price growth in the coming years.
Some of the suburbs that are predicted to boom in Brisbane in 2023 include:
- Inner-city suburbs: Teneriffe, New Farm, Ascot, Wilston, Highgate Hill, Woolloongabba
- Middle-ring suburbs: Chermside West, Cannon Hill, Carina, Camp Hill, Holland Park, Stafford, Stafford Heights
Is Brisbane a good place to buy an investment property?
Brisbane is a good place to buy an investment property because it has a strong economy, a growing population, and a relatively affordable housing market. The city is also hosting the 2032 Olympic Games, which is expected to boost the property market even further.
However, it is important to do your research before investing in any property market. You should consider factors such as the location of the property, the type of property, and the current market conditions. You should also consult with a financial advisor to ensure that investing in property is the right decision for you.
Overall, Brisbane is a good place to buy an investment property, but it is important to do your research and choose the right property for your individual needs.
Want more ideas on where to invest?
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