Brisbane Property Hotspot Predictions 2018
Each year, we see different Brisbane suburbs surge in popularity. This may be due to recent developments adding value to selling prices, certain trends or styles of homes highlighting specific areas, or general shifts in the property market.
Heading into 2018, Queensland as a whole will continue to see exceptional growth in housing prices, in comparison to other states. At the same time, Brisbane’s housing affordability will remain superior to Melbourne and Sydney, and buyers from these cities will continue to relocate. If you’re contemplating selling your Brisbane home, 2018 might be the year to do so!
Here are some of the most popular suburbs that people will be looking at next year.
New and Improved
Suburbs with recent improvements to infrastructure or rejuvenated parklands are always going to be dubbed a hotspot, as they undoubtedly increase the value of your home and the likelihood of selling for a fantastic price.
The luxe new shopping centre extensions are just one of many reasons why buyers will be looking to move to Indooroopilly next year. Located close enough to the city for professionals to get to work with ease; close enough to the University of Queensland for students; and close enough to Mount Coot-tha for family weekend wilderness adventures – Indooroopilly offers the best of all worlds.
Current median house price: $925,000
On the opposite side of the city, Chermside has also been placed in the spotlight, as the long-awaited Westfield Shopping Centre refurbishments finished up late last year (2017). As well as increasing interest in the area, renovations have created hundreds of jobs and therefore many reasons for potential buyers to move. While the selling prices may not be as high as other suburbs, the demand sure is, which is a bonus if you’re looking to sell fast.
Current median house price: $565,000
Suburbs with proximity to the city and fantastic options for public transport, are another big ticket for buyers. And, if you have the right property manager, it’s not hard to find a buyer who’s willing to spend that little bit extra to make sure they’re in the right spot.
One of Brisbane’s oldest suburbs, New Farm is steadily transitioning into one of the trendiest. As Brisbane’s culture and entertainment scene continues to grow, so too does the desire to be in the centre of it all. With New Farm Park, Brisbane Powerhouse and Fortitude Valley all within walking distance, you can’t get much more central than New Farm. The best part? Buyers don’t seem to be too put off by the high prices.
Current median house price: $1,335,000
This cosy little suburb has always been a popular bet for Brisbane buyers, with proximity to Suncorp Stadium and a plethora of delicious cafes and restaurants to dine at. Multiple bus route options make it a convenient location for professionals, while the kindergarten and childcare centre attracts many young families.
Current median house price: $1,005,000
The Rise of the Queenslander
The trend of renovating and refurbishing old Queenslander homes has certainly taken off in the past year. Many people are looking to purchase older homes in ideal suburbs, and bring their beauty back to life.
This peaceful leafy suburb boasts many beautiful old Queenslanders, in an ideal inner-city location. Being smack bang in the centre of Paddington and Mount Coot-tha means it offers a perfect mix of nature and urban shops and facilities, making it a hotspot for families and older couples.
Current median house price: $906,000
Fig Tree Pocket
Currently one of the highest demand suburbs in Brisbane, Fig Tree Pocket is a hotspot for Brisbane buyers and sellers. With the main demographic being established couples and families, there’s always a certain amount of healthy competition in selling prices for this suburb. Whether you own spacious acreage or a smaller, tranquil home, we’re sure you’ll be able to sell quickly in 2018.
Current median house price: $1,250,000
Grant Penrose has been working in the real estate industry for over twenty-seven years and has developed a portfolio that shows it. As a property investor, landlord, real estate agent and auctioneer, he’s a true expert with a passion for acquiring the best possible price for his clients.
Even if you’re not ready to sell yet, give Grant a call and mention this article.