Brisbane's Top 10 Growth Suburbs of 2018

Brisbane's Top 10 Growth Suburbs of 2018

Recent reports have shown that the east coast city of Brisbane has seen more uphill trend following the downturn of home prices in Sydney and Melbourne. According to the latest land valuation from state governments, suburbs in Brisbane showed impressive growth of 5% to 15%. This data is according to the 2018 statewide valuation of more than 1 million properties.

The positive report puts Brisbane property investors at ease despite the influx of apartments as houses in select suburbs have shown 8% to 10% price growth in the last year and are sustained by increasing land values.

While there is an evident increase in price, property in the suburbs is still relatively affordable with the median house price still under $1 million. This puts Brisbane on a pedestal for being the next hot spot for property investments joining Hobart as one of the only cities to record growth early this year.

If you’re on a lookout for investment opportunities and growth, Brisbane’s best growth suburbs may be the place you should be looking closely into this year.

Brisbane Top 10 Growth Suburbs 2018 | A9 Property | Brisbane Real Estate

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Brisbane Best Suburbs

(Suburb – Median House Price - % change in 12 months)

1. Lamb Island - $220,000 - 37.5%

Lamb Island ranks 3rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 50% for property investors.

2. Kangaroo Point - $983,500 - 26.1%

A riverside suburb, Kangaroo Point saw an average growth in the longer term based on its 5-year quarterly capital gains. Kangaroo Point has an average of 1.5 real estate transactions per month, or 18 per annum.

Brisbane Top 10 Growth Suburbs 2018 | A9 Property | Brisbane Real Estate

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3. Dunwich - $442,500 - 24.4%

Over the past year, property investors enjoyed capital gains of 50% in Dunwich.

4. Sandgate - $758,750 - 22.4%

Sandgate ranks 545th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.32% for property investors. The suburb also delivered stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Brisbane Top 10 Growth Suburbs 2018 | A9 Property | Brisbane Real Estate

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5. Hamilton - $1,300,000 - 20.9%

Hamilton showed a strong performance in terms of appreciation of property value compared to other Australian suburbs. Property investors obtained a capital gain 33.52% for 2018.

6. Chandler - $1,605,000 - 19.8%

Real estate investors can breathe deeply as Chandler showed a steady increase in median property prices over a five-year period translating to a 40.93% capital gain.

Brisbane Top 10 Growth Suburbs 2018 | A9 Property | Brisbane Real Estate

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7. Paddington - $1,150,000 - 17.3%

A primary place of residence, Paddington showed a steady increase in median property prices over a five-year period translating to a 30.68% capital gain.

8. Coochiemudlo Island - $322,500 - 17.3%

Coochiemudlo Island ranks 686th in QLD when it comes to estimated capital gains experienced by property investors over the past three years. The suburb’s capital gain for the past year is higher than average compared to its 19.77% growth within a five-year period.

Brisbane Top 10 Growth Suburbs 2018 | A9 Property | Brisbane Real Estate

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9. Corinda - $840,000 - 16.6%

Located nine kilometres from CBD, Corinda posted a 13.57% growth in median prices over a three-year period. Based on year-to-date figures, Corinda ranks 209th in QLD in terms of median property value increase and capital gains.

10. Nundah - $755,000 - 16.2%

Nundah delivered a stronger performance in comparison to other Australian suburbs in terms of property value appreciation. Nundah ranks 709th on the list of best yielding suburbs for rental properties in QLD, posting a 3.05% return.

Interested in investing? A9 Property allows you to gain valuable knowledge and advice regarding the Australian and Brisbane property investment market. A9 Property also gives you access to exclusive and carefully selected group of off-market properties listed for sale, which you won’t find on any real estate sites. Click here to learn more, or contact us for an obligation-free chat about your investment goals.

References: Article Source 1 | Article Source 2

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