Queensland property market is among Australia’s premier markets, offering buyers an unrivalled combination of affordability, rental yields and long-term capital appreciation. From highly desirable suburbs near Brisbane CBD to new development areas in its outer west – Queensland provides investors with ample opportunities to find an investment property suitable for themselves and their family.
Brisbane property market is projected to remain strong through 2024, driven by infrastructure investments and robust population growth. House prices are on the rise and buyers entering the market face fierce competition for quality homes located within desirable suburbs of the city.
As such, it’s crucial that you do your research and invest in properties in locations with high potential capital growth. We have put together a list of Brisbane 2024 suburbs offering great value properties; here we present an ideal list of suburbs to purchase real estate in!
Kelvin Grove offers premium lifestyle amenities just 3 kilometers from Brisbane CBD, such as cafes, shops and the Queensland University of Technology campus. Kelvin Grove boasts annual price growth of +1.9 per cent while weekly asking rents average $572 providing investors with an impressive gross rental yield of 3.6 per cent.
Mount Ommaney stands out as an exceptional inner-city suburb, just 10 minutes’ drive from the city. Popular with families due to its safe streets and closeness to schools, shops, and transport. Mount Ommaney’s recent infrastructure upgrades and gentrification has drawn strong interest from tenants as well as owner-occupiers; house prices in Mount Ommaney are expected to increase significantly in future.
Marsden, located further north, is another rising hotspot with an average median house price of $686,000. The suburb has experienced steady annual growth that has drawn both investor interest and increased owner-occupier demand, as weekly asking rents sit at $568 delivering a gross rental yield of 4.0%.
Kippa-Ring has emerged as an investment suburb that excels in 2024 for the unit market. Situated on Redcliffe Peninsula, this suburb provides easy access to Brisbane via Redcliffe Peninsula Line. Attracting new businesses as well as being family-friendly makes this suburb attractive for investors.
When purchasing property in Brisbane, make sure to seek advice from an expert buyers advocate like Glen to find exactly the right property at a fair price. Reach out now so he can assist in helping you realize your property goals!