Brisbane, like most Australian cities, is famous for its grand residential suburbs that range from high-density inner-city areas to spacious outer-suburban locations. The inner ring mostly has the majority of this city’s prestigious residential real estate, while the outer rings have proven to perform as well with their own blue-chip luxury living. The luxury market has unquestionably been the standout performer in Brisbane for the past couple of years, which led the way for market growth in 2018.
Whether you prefer to buy your first home or invest in a second property or just want to relocate somewhere a little different, Brisbane’s residential areas are a fantastic alternative to sprawling high-maintenance houses or those with labour-intensive renovations.
Suburbs within Brisbane CBD
Red Hill
Just 3km from the CBD and named for the steep hills it is on, this suburb is where you find both the Brisbane Broncos as well as a plethora of heritage-listed sites.
Wilston
This northern suburb is also roughly 3km from the CBD and was dubbed a late bloomer. The upgrading of Kedron Brook Road caused the area becoming increasingly popular and expensive. The suburb is close to sporting grounds such as Ballymore Stadium and Downey Park.
East Brisbane
This aptly named suburb is only 2.5km east of Brisbane’s heart. The Brisbane River is on the north side and the Gabba on the west side. It’s great as far as location goes.
High-potential suburbs to consider
Looking for that suburb that is in everyone’s radar, but is mostly taken by mid-income buyers? Properties of these types come only rarely, which is why they sell fast.
The increasing demand for properties in Brisbane is a great opportunity both for new homeowners with the finances to back it up and investors looking to make a profit from flipping. If you’re one to take advantage of communities with positive future returns, then buy a property near Ipswich CBD, which is another top development project from Lendlease. It’s truly a community designed to integrate every aspect of modern life.
Fernbrooke Ridge’s completion is near with all blocks of land now sold. This has been a significant achievement for both Lendlease and the community of Fernbrooke Ridge as the community is expected to be another fantastic growth frontier as well as a place anyone will be proud of going home to. There are two childcare centres, Redbank Plains State school, Redbank Plains State High school and Staines Memorial College just a short distance from the community. Check it out!
So, is it time for a new home? Whether you are a first-time participant into the market, a family looking to expand or wanting to try out the luxury market, the homes listed above should be a good buy potential.
Real estate has long been one of the most utilised forms of wealth investment. Also, properties present the benefit of being an asset that can increase in value. It’s dubbed as a ‘performing asset’ because it serves a practical purpose while gaining value. It’s a fact that luxury homes are always in demand since high net worth individuals (HNIs) see them as the right investment opportunity that will guarantee returns in the future.
