First Home Buyers –  Here are the Top 10 Suburbs in Brisbane

First Home Buyers – Here are the Top 10 Suburbs in Brisbane

First home Buyers Brisbane Real Estate
First home Buyers Brisbane Real Estate

Suzana Wade, a Brisbane real estate expert and principal/licensee at Locate Property, has seen firsthand how rapidly the Brisbane landscape has changed, especially for first-home buyers looking to enter the market for the first time.

To help make the process easier, Suzana has now published her list of the top 10 suburbs that first home buyers should be looking into when making their decision on how to source an area that will allow them to enter the property market.  

Brisbane is wide and diverse and Suzana’s greatest advice for first home buyers is be flexible, this isn’t your forever home, this is your first home.

Ripley

About 40 kilometres west of Brisbane’s CBD is the developing suburb of Ripley. It’s the ideal combination of metropolitan conveniences and natural beauty, thanks to the abundance of parks, lakes, and hiking trails. Single-family homes in Ripley cost about $440,000 on average, while a unit will cost about $295,000 on average.

Ipswich

Ipswich, a historic suburb of Brisbane, is located 40 kilometres west of the city proper. It has easy access to major roads and public transportation, and it is home to both historical sites and modern amenities. Houses in Ipswich cost about $330,000 on average, while apartments cost about $235,000 on average.

Caboolture

Caboolture is a developing suburb 45 kilometres north of Brisbane’s central business district. An up-and-coming suburb of Brisbane, just a short drive from the Sunshine Coast’s idyllic beaches. The area is rural and charming, with plenty of parks, shops, and schools. The average apartment price in Caboolture will run you around $210,000, while a house will set you back around $325,000.

Burpengary

Just 35 kilometres north of Brisbane’s central business district, Burpengary is another promising suburb on the city’s periphery. There are plenty of parks, stores, and schools, and the area has a rural, quaint feel. 10 min Drive to Westfield, Costa & Ikea. The median house price in Burpengary is around $430,000, and the median unit price is around $290,000.

Lota

Approximately 20 kilometres east of Brisbane, along the coast between Wynnum and Manly, you’ll find the suburb of Lota. All the perks of a beachfront location, without the hefty price tag. Parks, cafes, and shops abound in this area, making it feel like both a suburb and a beach town. In Lota, an apartment will run you about $380,000, while a four-bedroom house will set you back around $660,000.

Logan

About 20 kilometres south of Brisbane, in a diverse and increasingly desirable suburb known as “Logan,” As the neighbourhood undergoes gentrification and becomes a more viable option for first-time homeowners, this is a great choice. It combines the conveniences of suburban life with the beauty of nature by providing access to numerous parks, lakes, and hiking trails. In Logan, a one-bedroom apartment will set you back about $255,000, while a four-bedroom house will set you back about $380,000.

Kippa Ring

Approximately 26 kilometres north of Brisbane, in the Moreton Bay Jurisdiction, the family-friendly suburb of Kippa Ring has been Brisbane’s top performer for many years. It’s got all the conveniences of a suburb and the allure of the coast, like good parks, stores, and institutions of higher learning. Kippa Ring has a median house price of $477,500 and a median Unit  price of $360,000.

Redbank Plains

Approximately 30 kilometres south-west of Brisbane’s central business district, Redbank Plains is a developing suburb in the Ipswich Jurisdiction that borders Springfield Lakes. The Cross City Rail Project is important because it involves the extension of a rail line through the suburb and its eventual connection to the Brisbane Central Business District. Redbank Plains has a median house price of about $410,000 and a median unit price of about $290,000.

Narangba

The family-friendly suburb of Narangba can be found about 26 kilometres north of Brisbane’s CBD. This suburb, which has already seen substantial growth, is on the cusp of seeing some massive school projects from the Catholic Church come to fruition, which will completely transform the area. There are plenty of parks, schools, and shopping centres, and the area has a rural, quaint feel. In Narangba, a median house price of $524,000 and a median unit price of $348,000 can be expected to be paid.

Bellbird Park

Located next to Springfield Lakes, the family-friendly suburb of Bellbird Park is often seen as a classier alternative to Redbank Plains, which appeared earlier on our list. It is only 22 kilometres south-west of Brisbane’s central business district, making it conveniently close to a major transportation hub. It’s got all the amenities of a typical suburban area, like parks, stores, and institutions of higher learning, and then some. Bellbird Park has a median house price of around $430,000 and a median Unit price of around $335,000.

For advice on how to secure the right home loan click HERE and for more great advice follow Suzana on her Real estate journey HERE.

Brisbane Real Estate & Interest Rates Rises. A Market Review.

Brisbane Real Estate & Interest Rates Rises. A Market Review.

Brisbane Real Estate Review

Suzana Wade, Principal of Locate Property says that the current batch of buyers is responding to interest rate hikes by purchasing Brisbane real estate at the lower end of the market.

There’s no denying that the increase in interest rates is working, but thus far it seems to be affecting only the higher end price range. As people consolidate or relocate to the properties that represent the best value on the market, the lower end of the spectrum has remained stable, and in certain circumstances a marginal increase in value has been witnessed.

It is now far more difficult for customers to be approved for high-end loans, and most lenders blame APRA for making banks more cautious than before. APRA has set the serviceability buffer at 3% for the time being.


Ms. Wade explains that rising interest rates have a knock-on effect in that “when the financing capability of a buyer declines, this will produce higher demand for residences at the lower end of the property market.”

The data show that, since the end of 2022, high-end housing prices have fallen 3.8% while low-end home prices have risen 12.8%.

According to data from CoreLogic’s national House Value Index, property values in Sydney and Brisbane fell the most among the nation’s capitals in September (HVI).
Tim Lawless, director of research at CoreLogic, says it’s too soon to say the housing market has fully recovered from the recession.


Mr. Lawless speculated that the market had recovered from the “initial shock” of a rapid rise in interest rates and that borrowers and prospective homebuyers had already “priced in” more rate hikes.
Nevertheless, if interest rates keep climbing as rapidly as they have since May, the rate at which property prices are falling could accelerate once more.

What does the near future hold for buyers?
Ms. Wade claims that additional interest rate increases are possible in the near future, so buyers may not have much wiggle room for a while.


There will come a day when the market is unaffordable to first-time purchasers. As a result, there should be less upward pressure on prices at the lower end of the market.
We don’t expect a major price decrease at the bottom of the market until then.

In order to make smart decisions in this market, first-time buyers need to know what they want and how flexible they can be with their offer.


If their demand is highly malleable, they can further navigate by weighing the cost-benefit of lesser borrowing power versus the purchase price.

Your borrowing power could decrease by 5% if interest rates were to rise in the future, but you’d still come out ahead if the median home price in the areas you’re interested in buying into dropped by 7% to 8%.

So to conclude, Brisbane Real Estate has been quite resilient. Owners with buffers that have budgeted well will remain relatively unaffected in the short to medium term, however, clients that took out mortgages in the high end or are coming off fixed interest rates later this year will continue to experience further pressures. Long story short, the competition remains feirce in the lower price point that are in blue chip suburbs or offer great rental yields.

For more great articles on treading real estate stories. Click HERE to follow Suzana Wade of Locate Property