WHETHER you are a first time entrant into the market, a family looking to expand or wanting to dip your toe into the luxury market, these are southeast Queensland’s top spots to buy this year.
Is the new year time for a new home? Whether you are a first time entrant into the market, a family looking to expand or wanting to dip your toe into the luxury market, we’ve asked the experts to nominate the top southeats Queensland suburbs to buy in 2018.
Tony Warland – Ray White Qld CEO
Damian Hackett – Place Estate Agents CEO
Brendan Whipps – Harcourts Qld CEO
Jon Iceton – Belle Property Head Qld
Paul Arthur – Qld Sotheby’s International CEO
FIRST HOME BUYERS (under $500,000)
Narangba: A long-time popular suburb for its affordable homes. TW
North Geebung: Growing in value, 20 minutes from CBD with access to motorway and renovated Chermside shopping centre. DH
Banyo: Great buying, emerging services and close to Nundah’s thriving scene. BW
Redcliffe: Affordable waterside suburbs, new rail link, very attractive to the first homebuyer. JI
Banyo: Close to the CBD, train and bus, and strong returns. This a great place. PA
Springfield: Technically southwest. Still close to the CBD, while still in Ipswich Council area. TW
Acacia Ridge: Next to thriving south-side suburbs, without the price tag. Large blocks. DH
Springfield Lakes: Great value for money and plenty of investment surrounding it. BW
Rochedale: An attractive alternative for the first homebuyer looking to enter the Brisbane market. JI
Rochedale South: New estates popping up. this is the best pick for in the south . PA
Alexandra Hills: Nice steady suburb for homebuyers and investors with good returns. TW
Tingalpa: Great opportunities only minutes away from premium locations like Bulimba and Hawthorne precincts. DH
Wakerley: Close to the Bayside and City, surrounded by big blocks . BW
Murarrie: Post-war weatherboard and chamferboard houses combined with more modern estates. JI
Alexandra Hills: Average home prices of under $500,000, but still less than 30 mins to CBD. PA
Ipswich: We expect price growth in 2018 as the market has caught up and is ready to go . TW
Forest Lake: New homes at affordable prices in smaller communities with great amenities. DH
Riverhills: Affordable one to watch with better access to the city now through Legacy Way. BW
Oxley: Quiet neighbourhoods with a strong sense of community. Streets are wide and leafy, and many big blocks of land. JI
Ferny Hills / Arana Hills: I can’t go past either for location, quality, and value for money. PA
Upper Coomera: Long been a favourite for commuters and for affordable stock in the high growth corridor. TW
Upper Coomera: Continuously evolving, with new homes and developments in safe communities at affordable prices. DH
Ashmore: Great value in low sets and good sized blocks. Pockets of opportunity. BW
Coomera / Hope Island: Within reach of the beaches and an easy commute to Brisbane, great opportunities for the entry level buyer. JI
Varsity Lakes: Smaller homes ideal for first home buyers close to Bond University and Robina Town Centre. PA
Sippy Downs: Set for more growth as it becomes more of an education hub. TW
Sippy Downs: It offers housing opportunities close to the Sunshine Coast University at very affordable prices. DH
Caloundra: Beaches, closest Sunny Coast location to Brisbane for work options and beautiful. BW
Caloundra: Plenty of development in the pipeline offering excellent opportunities for those wanting to enter the market. JI
Bli Bli: Increased infrastructure, new developments and regular capital gains.PA
FAMILIES ($500,000 to $1 million)
Bracken Ridge: Close to good arterials and shopping centres. A lot of people who sell in Bracken Ridge, buy in Bracken Ridge. TW
Wavell Heights: An attractive suburb close to the M1, with good, quality character homes and homes ready to renovate. DH
Wavell Heights : A hot spot in the inner-north. Beautiful leafy streets and big homes. BW
Wavell Heights: A quick commute to work. Families can capitalise on generous blocks close to the city. JI
Wooloowin / Kalinga: Close to the city, and many great prestigious schools, plus Kedron Brook. Still priced under the luxury market. PA
Rochedale South: This suburb stands out for its volume. This is family heartland. TW
Mount Gravatt East: Still offers value for money. Some of the South’s best school catchment areas, public transport and parks. DH
Daisy Hill: Home to some large, quality homes on large parcels of land. BW
Tarragindi: Easy commute to the CBD and a major motorway heading north and south.JI
Macgregor: Still a relatively undiscovered gem with some great bargains still to be had.PA
Carina: There’s been a solid five years of growth in Carina and it should continue. TW
Cannon Hill: Affordability for families on reasonable land, and an attractive lifestyle. DH
Camp Hill: It’s hard to beat the inner-east — so much to offer for everyone in the family. BW
Carindale: A lively entertainment and shopping culture, and quiet residential pockets and greenspaces. JI
Manly: Brilliant opportunity for families looking to take advantage of the coastal life while still in reach of the city. PA
Toowong: There’s such strong affinity to St Lucia in this education hub. TW
Kenmore:Large renovated Queenslanders on decent-sized allotments and a leafy lifestyle. DH
Chapel Hill: Leafy, quiet, well positioned and easy access to quality schools. BW
Kenmore: Changing demographic towards younger families, neighbourhood bars and eateries are eon the rise. JI
Bardon/Auchenflower: Close to the city, including Suncorp Stadium, with consistent growth, and great resale. PA
Helensvale: Helensvale is rocking. It keeps improving year on year. TW
Elanora: Affordable family homes on larger allotments with easy access to beaches. DH
Hope Island: Big homes with all the lifestyle and quick access to the M1 for commuters.BW
Palm Beach: A fabulous blend of community on the beach. Only minutes from the airport and heart of Surfers Paradise. JI
Parkwood: Larger blocks, many on the golf course. Excellent, central location with easy transport links. PA
Buderim: In a high ground area which has always been popular. TW
Coolum: Significant growth in infrastructure and new developments, making it a hotspot for families for affordable beachside living. DH
Buderim: Bustling community with funky cafes, stunning views and close to the beach. BW
Moffat Beach: Beachside neighbourhood which radiates summer. Moffat is becoming a favourite for family’s due to its easy lifestyle. JI
Buderim: Perfect for families. Warm, close-knit community, close to good schools and just over 60 mins to Brisbane CBD. PA
LUXURY – ($1 million plus)
Ascot: This is blue ribbon Brisbane’s classic heartland for fine luxury homes. TW
Teneriffe: Riverside hotspot offers one of Brisbane’s best lifestyles. Restaurant precincts and extensive amenities. DH
Clayfield: Stronger than ever, tree lined streets, stunning homes and some hidden value.BW
Hamilton: Picturesque river views, a perfect blend of community vibes, heritage aesthetics and entertainment culture. JI
Hendra: 2018 should see Hendra come into the light after reaching an average sales price above $1m for the first time last year. PA
West End: In the $1 million median club for its great schools and vibrant community. TW
Coorparoo: Strong development and growth, with new developments, like Coorparoo Square, adding to the appeal of the location. DH
Tarragindi: Emerging luxury, family orientated and great proximity to CBD. BW
Coorparoo: A balance of old and new, with character-rich homes and entertainment and lifestyle developments moving into the area. JI
Highgate Hill: It will rebound strongly in 2018, to join the group of suburbs with an average sales price above $1m. PA
East Brisbane: Strong connections to Kangaroo Point, Woolloongabba and Stones Corner. A lot of real estate opportunity. TW
M anly: A relaxed, seaside community lifestyle, perfect for families and boating enthusiasts. DH
Balmoral: Views, cafes, restaurants, stunning homes — always in high demand. BW
Hawthorne: Premium river side location with an enviable selection of refurbished homes and colonial Queenslanders. JI
Balmoral: Great city views, great community, great lifestyle. PA
St Lucia: A long held suburb where people buy and hold for many generations. TW
Chelmer: Plenty of opportunity for those who want to live in a renovated Queenslander in a leafy, riverside location. DH
Paddington: Character filled with opulence. so close to the city. BW
St Lucia: Prestigious, renovated Queenslander and federation homes. JI
Brookfield: Seclusion, privacy on generous acreage blocks, Brookfield is now home to Brisbane’s most stunning luxury properties. PA
Paradise Point: This has always been an affluent high end sought-after area. TW
Palm Beach: Huge growth in new homes on prime beachfront land along with the opening of trendy restaurants in the main strip. DH
Broadbeach: Say no more — you can have it with no shortage of luxurious choice. BW
Broadbeach: Towering high-rise and contemporary apartments dominate the picture-perfect coastline. JI
Broadbeach Waters: Luxurious, waterfront residences. Enviable lifestyle close to popular shops, cafes, beaches and schools. PA
A lexandra Headland: Had two years of growth and we don’t see it slowing anytime soon. TW
Noosa: An incomparable premium beach lifestyle with stunning luxury homes. DH
Noosa: Who doesn’t love Noosa, National Parks, beautiful beaches and relaxed coastal scene. BW
Sunrise: A relaxing beachside location, with pristine beaches and national parks. JI
Noosa: It’s hard to go past Noosa for location and luxury on the Sunshine Coast. It’s a crown that seems to never tarnish. PA
Originally published: brisbaneinvestor.com.au
Queensland is the next property hotspot, experts say
As New South Wales and Victoria continue to experience weakness. Queensland is expected to take the lead, a National Australia Bank (NAB) poll of property professionals revealed.
According to the survey, industry experts project house prices in Queensland to increase by 0.7% next year and 1.3% in two years.
Some areas seen to perform strongly over the next year include Brisbane, Cairns, the Gold Coast, and the Sunshine Coast. Out of the suburbs, Coomera and New Farm are expected to realize robust gains.
Meanwhile, Queensland’s rental market is also poised to enjoy an upward boost, growing by 1.3% next year and 1.9% in two years. This is despite the stricter rules on housing investment.
The respondents of the survey also expect Queensland to retain foreign buyer interest. In fact, the share of foreign sales hit a four-year high of 22.8% over the previous quarter.
The results of the survey go against NAB’s own projection of the market. For instance, the bank expects house prices to remain flat in Brisbane over the next three years. Unit prices, on the other hand, is seen to fall by 4.5% over the next year.
NAB chief economist Alan Oster said Brisbane’s housing market seemed to be going sideways and its unit market still creates concern.
“It hasn’t peaked yet, so that’s good. We’re seeing quite strong economic activity in Queensland, so that always helps,” Oster said, as quoted by The Courier-Mail.
Gold Coast house values record the biggest growth in Queensland
The Gold Coast has recorded the strongest growth in house prices in Queensland over the past 12 months.
GOLD Coast house prices are leading the way in Queensland, up six per cent in the past 12 months to an average $620,000.
The latest figures by the Real Estate Institute of Queensland show homes on the Glitter Strip are $35,000 more on the same time last year.
Unit prices are up 1.9 per cent to $428,000.
REIQ data reveals houses on the Glitter Strip are worth $35,000 on the same time last year.
REIQ’s Queensland Market Monitor for March said the strong population growth came on the back of infrastructure projects such as the $550 million Gold Coast Health and Knowledge Precinct and M1 upgrades.
“The property market has been one of the big winners from the sporting event as the $1.5 billion infrastructure investment has boosted confidence and demand for housing in the region,” the report stated.
“We expect house prices will show an upward path in 2018. However, this growth will most likely be more moderate.”
A quiet real estate period leading up to, and during, the Commonwealth Games likely contributed to a slight drop (-0.3 per cent) in the March quarterly median sales price, the report reveals.
Andrew Henderson says a growing population and employment opportunities were contributing to a strong property market. Picture: Jerad Williams
REIQ Gold Coast zone chairman Andrew Henderson said he expected interstate migration to continue to benefit the city.
“I expect the market to remain strong,” he said.
“There is a heavy amount of interstate buyers moving here.
“I was at an auction recently where the winning bidder was from Sydney and the underbidder was from Melbourne.”
Mr Henderson said growing employment opportunities were also attracting homebuyers to the city.
The Gold Coast property market is expected to remain strong.
“We have some of the best health facilities in the country and our universities are world recognised.
“Those two things alone complement the tourism industry and the lifestyle aspects that the Coast offers.”
The report found the fastest-selling suburbs on the Coast included Worongary, Merrimac, Highland Park, Mudgeeraba and Carrara.
It also revealed the rental vacancy held tight throughout the first quarter of the year at 1.1 per cent.
Andrew Bell says the Coast had evolved from a tourist town into a vibrant city with an expanding economy. Picture Mike Batterham
Ray White Surfers Paradise Group CEO Andrew Bell said the Games heralded the next chapter for the Coast, as it evolved from a tourist town into a vibrant city with an expanding economy.
“The city’s property market is riding the irreversible momentum that has now come to the Gold Coast in terms of economic diversity and with more employment options we will need more housing options for people,” Mr Bell said.
“We are no longer going to be subject to tourism upsides and downsides as we were in the past because our economy has well and truly diversified beyond just tourism.”
Australia’s golden triangle of opportunity
It was great to be back on the Gold Coast for the 21st annual Australasian Real Estate Conference (AREC), attended by over 4,000 of Australia’s best industry professionals. While I was there I was once again reminded of how much potential the South-East Queensland property market is offering both sea changers and investors at this stage in its market cycle.
In my view, Brisbane is the best market in Australia currently for short to medium term price growth, with the value gap between it and the other big East Coast capitals as large as I’ve seen it in many years.
When you factor in the key drivers for future growth – liveability, affordability, scale and future economic prospects, they all suggest that Brisbane is a market to invest in. Check out the latest statistics from CoreLogic below.
Value gap – median house prices
Value gap – median apartment prices
I’ve been bullish on Brisbane for many years and in hindsight, I called its next growth phase a couple of years too early. It’s had some growth in recent years but there is a lot more to come over the next few years.
According to McGrath’s top prestige agent in Brisbane, Alex Jordan, one of the dominant trends today is downsizers buying up luxury apartments.
Alex says: “Despite the reported oversupply in Brisbane’s inner city apartment market, we are seeing great strength in the prestige apartment sector.
“The luxury apartment market ($1M+) is driven by owner occupiers, particularly baby boomers and empty nesters, who are attracted to less maintenance and better accessibility.
“Popular suburbs include New Farm, Newstead, Teneriffe, Kangaroo Point, South Brisbane, St Lucia, Paddington and the Brisbane CBD. These areas offer a desirable lifestyle with an abundance of shopping, dining and entertaining precincts at their doorstep.”
South East Queensland has so many options for asset-rich, cash-poor southerners. Many of our customers in Sydney and Melbourne are looking closely at South East Queensland both for investment and a potential sea change. I believe its affordability will continue to attract record levels of interstate migration.
If you live in Sydney or Melbourne and you’re struggling with the mortgage and cost of living, Brisbane is a fantastic alternative. It offers big city job opportunities, high quality education options and the chance to transform your financial future.
The boom delivered Sydney and Melbourne home owners a capital gain of up to 75% – that’s enormous new equity that could be cashed in to fund an amazing new lifestyle with far less mortgage stress up north. Plus, you’d be buying in just before Brisbane’s next wave of price growth. It’s the perfect scenario.
I believe the area from the Gold Coast to Toowoomba and up to the Sunshine Coast is Australia’s golden triangle right now.
Toowoomba, with its expanded airport facilities which have opened up easy access to the south, is the perfect and affordable treechange destination. Known as Queensland’s Garden City, about 2,300 people moved here from Brisbane last year for its cheaper house prices and enjoyable regional city lifestyle.
Both the Gold Coast and Sunshine Coast are also appealing sea change options benefitting from a raft of new infrastructure that will drive further population growth and generate more local jobs.
Brisbane is one of the world’s great cities but I don’t think this is fully realised as yet. If you haven’t been to Brisbane for a number of years, get on a plane. This is a thriving city that offers many of the lifestyle amenities you love about the southern capitals but at a much cheaper price.
I think Brisbane will also become very attractive to migration and investment from Asia in the years ahead.
South East Queensland is offering opportunity everywhere for both owner occupiers and investors alike. Now’s the time to consider what Australia’s premier lifestyle market can do for you!
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