Brisbane Bayside Properties are on the Rise
Bayside suburbs in Brisbane showed great growth in the past year, and with interest rates being record-low, there’re some committed buyers looking for a quality location. The trend of people wanting to move closer to the coastline is set to continue well into 2020.
Area’s best-performing suburb Gumdale experienced a 28.6 per cent value increase, bumping up the median home price well into the six digits to $1,019,000. Wakerley and Manly have also performed well throughout the year, with the median home price increasing by 4.4 per cent to $787,000 and 3.6 per cent to $790,000 respectively. With increasing interest from families and interstate buyers, the prices for properties will maintain its course and continue to increase.
Coronis Bayside Agency Leader Katie McPhee said how suburbs in Brisbane Bayside have a lot to offer to prospective buyers looking for a quality location and waterfront lifestyle.
“We’re seeing the increasing buyer demand through open homes, with 12-15 people coming to see the property on average for each open home,” Ms McPhee said.
“People choose Bayside for its flexible, relaxed lifestyle as it offers comfortable living close to water, providing that coastal lifestyle but still being within close proximity to Brisbane CBD, which is just under 20km away.
“With its coastal views, the suburbs in the area have so much to offer, from relaxed waterfront dining in places like Tide Bar, great cafes like Groundhog Café and Cambridge Lane Café, and local markets.
“There’s also an array of good private and public schools in the area, which generate a lot of interest from families who want to move closer to schools and live the waterfront lifestyle.”
Thinking of selling? With such increasing demand and attractive coastal lifestyle, the suburbs of Brisbane Bayside is a hotspot for eager home buyers. Download our Instant Property Report to find out how your property is currently performing.