Top Suburbs to Invest in Brisbane in 2021
Brisbane dwelling prices have increased by 3.2 per cent in the past 12 months despite the property market concerns due to the pandemic. With homeowners being hesitant to sell but the surging demand from buyers growing, the property prices have nowhere else to go but up.
As property owners warm up to the stabilising market conditions and decide to put up their homes for sale in 2021, a slight value dip can be expected. Despite this, it is forecasted that Brisbane property prices will increase by 10 to 15 per cent in 2021. Source: The New Daily
If you’re a property investor, these are the suburbs you should look into investing before the prices increase even further.
With its close proximity to Brisbane CBD as well as the University of Queensland and a village centre opening by 2023, Toowong is a popular suburb among university students. Throughout 2020, the suburb’s median price has been $1 million with a 12-month growth of 12.81 per cent.
This suburb has a median house price of $908,000 and a consistent growth rate of 4.1 per cent over the last five years. The area is popular among families due to being within 6km from Brisbane CBD and being in the catchment zone for several sought-after schools. This means the property value growth could exceed in the coming years.
Over the last three years, Manly experienced an average of 14.2 per cent increase in house value. It is all due to its coastal bayside location, largest boat harbour facility in the southern hemisphere, and a range of multimillion-dollar houses and apartments, plus convenient public transport to get directly to Brisbane CBD.
Are you thinking about increasing your property portfolio? Check out what properties our team has to offer in these areas.