Real estate never really goes down. If there’s a suburb you’re in love with, there’s nothing silly about buying there.
That being said, some suburbs have a track record for delivering a better financial yield than others. And if financial return is important to you, you’ve come to the right place – because we’re going to evaluate the best suburbs to buy in Brisbane.
Please keep in mind that while we’ve done a lot of research and consulted some experts, we aren’t property/financial advisors. Before making any super-serious decisions, it’s worth consulting your own trusted advisor.
If we’re being completely honest, last year’s data was a bit of a write-off. The election caused more than the average drop in consumer confidence – even the banks were playing a bit timid.
So going off financial return isn’t the best way to measure success in 2019. What we can do is study the highest occupancy rates in areas regularly known to be “growth suburbs”.
And from that data, 3 suburbs take the cake:
It’s pretty rare you’ll ever find a list of “best suburbs in Brisbane to buy” that doesn’t include these 3.
NAB’s Residential Property Survey (released late last year) forecasted what growth could be expected for houses and units across Brisbane. For houses, albeit small, there is growth forecast for 2020 (0.2%).
For units, the news isn’t as good – predicting a reasonably scary loss (-1.3%). And even that’s an improvement on 2019, which saw a -2.2% decrease in unit prices.
But the moral of the story is that aside from weird seasonal variations, houses seem less likely to drop in value.
Before you decide on a suburb, make sure you know what property you’ll need. There would be nothing worse than buying too small of a block, then finding out there isn’t room to build the house you’ll need.
Your best option is to find the house you’ll need, then find the land that suits. And to get started on that journey, check out your local Clarendon Homes display village.