Five suburbs that should be on every first home buyers radar
One of the most interesting things about property is how value grows. As population increases, the ‘hub’ of a city expands. At first look South-east Queensland first home buyers can be discouraged, looking across the plentiful supply of unaffordable suburbs around the Brisbane and Gold Coast CBD’s. But with a bit of forward thinking, there are some very affordable properties across Brisbane that may seem a little far out of town now, but given five years or so, will be considered part of the city.
These are our top property picks for first home buyers. The are affordable, have fantastic capital growth prospects and infrastructure that will connect them to the CBD seamlessly. These little hubs may seem just like that – little hubs – right now, but they’re growing at such a rate they will be their own economic centres. So here is our list of the suburbs every first home buyer should have on their radar.
Median House Price: $505,000
Average Annual Growth: 4.49%
Gross rental yield: 4.32%
Details: Thornside sits South-East of the Brisbane CBD on the coastline. It’s a growing area with plenty of young families and professionals (median age of 38).
Median House Price: $488,000
Average Annual Growth: 2.67% but the current year sits at 7.73%
Gross rental yield: 4.69%
Details: Located between the Gold Coast and Brisbane CBDs, Upper Coomera is an area with plenty of infrastructure and lots of new development. This means first home buyers can take advantage of the first home buyer grant.
Median House Price: $536,750
Average Annual Growth: 4.82% but the current year sits at 9.54%
Gross rental yield: 4.17%
Details: Keperra lies North-West of the Brisbane CBD and has the benefits and infrastructure of neighbouring suburbs like Chermside and Kedron without the big price tag.
Median House Price: $495,000
Average Annual Growth: 1.27% but the current year sits at 9.72%
Gross rental yield: 4.41%
Details: Located just near previously mentioned Coomera, Pimpama was recently named one of Australia’s fastest growing suburbs. With the advantage of a relaxed lifestyle within 45 minutes of Gold Coast beaches and the Brisbane CBD, it’s a young family haven.
Median House Price: $374,500
Average Annual Growth: 5.8% but the current year sits at 26.95%
Details: Willowbank is located West of Brisbane near Ipswich and is an up and coming suburb with huge growth thanks to some new developments.
If you’re having trouble finding your perfect first home, contact us and enquire about our buyers agency service.
All data has been obtained via YourInvestmentPropertyMag.com.au and is sourced from CoreLogic.