Whether you’re thinking of buying or selling in Brisbane, it pays to know which suburbs take the top spot for property sales. After all, you want to make sure you’re selling at a time when demand in your area are high, or conversely, buying in an area with good growth potential.
So, where are the best suburbs in Brisbane to invest or sell? Let’s take a look.
Despite the area’s relatively low number of houses, Brisbane City took the top spot for property sales over the 12 months up to October 2018, according to data from Domain Group. A total of 27 houses and 508 units were sold during the period, indicating that a large subset of buyers Brissy are looking to live in the heart of the city. Once dismissed as just a “big country town”, Brisbane City is now home to a vibrant metropolis that showcases this city’s sunny climate and friendly attitude.
- Median two-bedroom unit price: $502,000
- Average rental yield: 4.5%
Sitting approximately 26km north of the Brisbane CBD, North Lakes is fast becoming a top suburb for buyers looking for a family-focussed locale with all the convenience of a city. The suburb came in second for property sales in the 12 months up to October 2018, with a total of 485 sales in the area during that time. North Lakes’ popularity is owing to its tranquil lakeside location and nearby reputable schools and shopping hub, as well as the fast-growing North Lakes Business Park.
- Median three-bedroom house price: $410,000
- Median unit price: $360,000
- Average rental yield: 4.6% for houses and 5.3% for units
The inner city suburb of South Brisbane has undergone a major transformation in recent years to become one of Brisbane's most popular areas. Once little more than warehouses, factories, and wharves, South Brisbane is today a lively riverfront stretch with trendy cafes, wine bars, brewpubs and world-class multicultural restaurants. Given its recent renaissance, it’s no surprise that South Brisbane has been seeing a major uptick in property activity, with 442 sales recorded in the area in the 12 months to October 2018.
- Median two-bedroom unit price: $580,000
- Average rental yield: 2.8%
25 south-east of Brisbane in Redland City lies Cleveland, a picturesque and historic town that captivates buyers with its idyllic seaside lifestyle. The community here is diverse: families play on the foreshore, couples stroll along the docks of Raby Bay Harbour, and retirees enjoy the waterside view from benches near the lighthouse on Cleveland Point. 415 properties changed hands in Cleveland in the year up to October 2018, making it one of the most popular suburbs for sales in Greater Brisbane.
- Median three-bedroom house price: $483,000
- Median two-bedroom unit price: $349,000
- Average rental yield: 4.0% for houses and 5.5% for units
The first master planned community within the City of Brisbane, Forest Lake has won numerous awards for its design, and recorded a whopping 412 property sales in the 12 months up to October 2018. 19km south-west of Brisbane, the suburb attracts a variety of buyers looking for good value and an established community with good transport options. The area also has three primary schools, two high schools and a range of sporting facilities, playgrounds and parks – which makes it particularly popular for buyers with kids.
- Median house price: $447,000
- Median unit price: $302,000
- Average rental yield: 4.7% for houses and 6.0% for units
Bringing together old and new, Coorparoo’s distinctive architectural style and proximity to the city are attracting a new legion of buyers. 393 property sales were recorded in the area in the 12 months up to October 2018, split relatively evenly between unit sales and house sales. At 4km south-east of the CBD, Coorparoo has become a sought-after location for professionals looking for a shorter commute and plenty of lifestyle appeal. The double-storey post-war homes here are ideal families too.
- Median three-bedroom house price: $750,000
- Median two-bedroom unit price: $360,000
- Average rental yield: 3.3% for houses and 4.8% for units