Last week I gave you my insights into the Brisbane property market following the opening of our first McGrath office in the Queensland capital in the inner city suburb of Paddington.
This week, I’m letting you in on my favourite suburbs where I think there are great buying opportunities available now for future capital growth.
Kelvin Grove is just 4km north west of Brisbane CBD. A central hub for university students, hospital staff and city workers, it’s home to the Queensland University of Technology campus with The Royal Brisbane Hospital just next door in Herston. Due to its convenience, Kelvin Grove is gaining in popularity so demand for property is strengthening. Most of the homes are renovated post-war workers' cottages and Queenslander-style homes. Many hip young buyers are particularly attracted to Kelvin Grove’s urban village, with its trendy apartments, shops, supermarkets, restaurants and cafes.
Bulimba is one of Brisbane's most prosperous leafy riverside suburbs. It’s highly desirable among family buyers due to its close proximity to well-known schools and its beautiful local parks including Bulimba Memorial Park and Vic Lucas Park. It’s also known for its thriving Oxford Street precinct with many cafés, restaurants and a cinema complex. Bulimba has undergone a significant transformation since the 1990s with many of its residents choosing to buy and renovate. This has had a very positive impact as the suburb continues to experience high demand.
Hamilton is without doubt one of Brisbane's most prestigious suburbs, catering for owner-occupiers and investors alike with its admired views of the Brisbane River. It is located approximately 6km from Brisbane CBD and is within walking distance of landmarks including the Eagle Farm Racecourse and Breakfast Creek Wharf. Hamilton has experienced strong growth in median house prices over the past five years, however, the median house price does not reflect the diversity of properties and prices points available within the suburb.
New Farm has seen an influx of professionals and trendsetters who have transformed the area into one of Brisbane's most desirable suburbs. Despite its increasing popularity with young singles and couples, there is still a wide variety of houses available, ranging from historical workers' cottages and colonials through to art deco blocks of flats and modern contemporary homes and apartments. There is a wide variety of bars, restaurants and cafes along Brunswick Street, Merthyr Road and the James Street precinct, giving residents an almost endless array of options.
Rosalie is a popular café and restaurant precinct of Paddington. It boasts a variety of cuisines, speciality shops, delis, a gourmet butcher and a convenience store. Quite often people will choose a home specifically within walking distance of this area. Milton State School and Gregory Park are close by, where young families are often seen on weekends enjoying the barbecue and playground area while sports teams play on the large oval.
Brisbane has become a very contemporary capital city that is immensely attractive to visitors, investors and residents. Some popular landmarks and tourist attractions located in the CBD include the Queen Street Mall, featuring all the latest retail shopping brands, restaurants, pubs and meeting places. The CBD is also within walking distance of South Bank, which takes full advantage of the Brisbane River with its parks, markets and popular dining strips. The CBD is the business hub of Brisbane and also accommodates residential living with its growing array of high rise buildings. These buildings are suitable for a diverse market, offering convenient one bedroom apartments through to premium penthouses with spectacular city and river outlooks. It is a popular location for investors, owners-occupiers and tenants alike.
Woolloongabba is located approximately 4km south of Brisbane CBD and is home to the famous cricket ground ‘the Gabba’. Woolloongabba has great access to both the CBD and Pacific Motorway. Offering both apartments and houses across all price ranges, the area is beginning to attract new residents because of its trendy second-hand furniture shops and great cafes.
Wynnum is a family-oriented area and the closest seaside suburb to the CBD. It has an abundance of waterside activities, excellent transport facilities and is still quite close to the CBD for city workers. Properties generally range in value from $300,000 to $750,000 and some feature great ocean views.
Located approximately 4km from Brisbane CBD, Windsor offers a selection of housing styles across a variety of price ranges. The popularity of the suburb is largely due to its proximity to the city, which has caused an increase in demand for homes in the area and in turn, significant price growth. In keeping with the style of the suburb, many of its historical homes are being bought and restored to their former glory. As with the neighbouring suburb of Wilston, Windsor is home to a number of professionals working in the health industry due to the proximity of Royal Brisbane Hospital. Wilston also neighbours Kedron, which has just seen the opening of the Airport Link Tunnel and new bus ways for added convenience.
As one of Brisbane's inner-western city suburbs, Red Hill has benefited from investor interest and strong growth in median house prices. It is one of the oldest suburbs in Brisbane with a rich history and unique character. Brigid's Catholic Church is a unique landmark and it’s just minutes to the CBD by car. The suburb is popular with owner-occupier professionals working in the CBD and has a healthy rental market thanks to young city workers and students who attend classes at the nearby Qld University of Technology Kelvin Grove campus.
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