Suzana Wade, Principal of Locate Property has compiled a list of the best suburbs to buy in Brisbane for 2023. The list is broken down into two sections. Established versus emerging. These are based on Suzana’s experiences as a Brisbane Property Management expert and someone that is regarded as Brisbane Best Property Manager / BDM
Best suburbs to buy in Brisbane “Established”
New Farm. With a median home price of $1.65 million, is a highly sought-after neighbourhood approximately 2 kilometres from Brisbane’s central business district. New Farm provides a cosmopolitan lifestyle and high rental yields. It is well known for its hip cafés, bars, and restaurants as well as for its lovely parks and river vistas.
Wilston. A lush, family-friendly neighbourhood with a median house price of $1.14 million, located only 5 kilometres north of Brisbane’s central business district. Wilston provides a high-quality lifestyle and robust rental income. It is well known for its superior schools, parks, and boutique shopping districts.
Wynnum Manly– A lovely bayside suburb with a median home price of $900,000. It is situated 15 kilometres east of Brisbane’s central business district. Wynnum Manly offers a laid-back coastal lifestyle and high rental yields. It is well-known for its breathtaking water views, parks, and beaches, as well as for its lively restaurant and cafe scene.
Bulimba – An upscale, trendy neighbourhood with a typical home price of $1.47 million, is situated 6 kilometres east of Brisbane’s central business district. Bulimba, which is well-known for its upscale commercial districts, riverside parks, and top-notch schools, provides a cosmopolitan lifestyle and high rental returns.
Camp Hill– A family-friendly neighbourhood with a median home price of $1.1 million and is situated 6 km south-east of Brisbane’s central business district. Camp Hill provides a comfortable lifestyle and high rental yields. It is well known for its top-notch schools, parks, and commercial districts as well as for its simple access to public transportation.
“SuburbsEmerging”
Narangba– A fast developing neighbourhood with a typical home price of $540,000, is situated 26 kilometres north of Brisbane’s central business district. Narangba, which is well-known for its top-notch schools, parks, and shopping areas, provides a family-friendly way of life and high rental returns.
Ripley- 39 kilometres south-west of Brisbane’s central business district lies Ripley, a master-planned neighbourhood with a median home price of $390,000. Ripley offers a laid-back lifestyle and high rental returns, and is well-known for its inexpensive housing alternatives, parks, and recreational facilities.
Ipswich, a historic city with a median home price of $350,000, lies 40 kilometres west of Brisbane’s central business district. Ipswich, which is well-known for its quaint heritage structures, green spaces, and cultural attractions, provides a distinctive way of life and high rental yields.
Redland Bay is a lovely bayside neighbourhood with a median house price of $590,000. It is situated 35 kilometres south-east of Brisbane’s central business district. Redland Bay, which is well-known for its breathtaking water views, parks, and beaches, provides a laid-back lifestyle and high rental yields.
Birkdale- A family friendly suburb 19 kilometres east of Brisbane’s central business district, has a median home price of $615,000. Birkdale, which is well-known for its top-notch schools, parks, and closeness to the lake, provides a high-quality lifestyle and good rental returns.
A notable mentioned just outside of the Brisbane jurisdiction is Pimpama. Pimpama in the past has had outrageous number of tenants competing for properties which is our view would be a great addition to the must buy suburbs list
Pimpama Just 45 minutes from Brisbane lies the northern Gold Coast community of Pimpama. In recent years, this area has grown quickly, adding new housing developments and infrastructure. Ms. Wade says Pimpama is a fantastic choice for investors searching for reasonably priced homes with good rental yields. In Pimpama, the median home price is around $515,000, and the rental return is roughly 5.7%.
Thank you for reading Suzana’s list of Brisbane Best Suburbs to buy in 2023, if you enjoyed these type of articles you may enjoy more trending Real estate topics HERE
