Brisbane’s investment property market is set to reap the benefits of a tumultuous 2020. Investors are anticipating a profitable 2021 thanks to low interest rates continuing and booming interstate migration. Australian Bureau of Statistics figures show Brisbane gained 3200 new residents through net internal migration in the September quarter of 2020.

What’s more, Brisbane property prices rose by 3.6 per cent in 2020, according to a research group CoreLogic. Drilling down further, last year’s data shows the volume of sales in Brisbane increase by 8.5 per cent and rental incomes grew by 1.8 per cent.

Economists at major banks predict Brisbane prices to outstrip many cities in Australia’s property market and AMP Capital chief economist Shane Oliver has even forecasted a surge of up to 10 per cent. This is owing to several factors: major infrastructure projects such as the new casino at Queens Wharf and the revitalisation of the Howard Smith Wharves, strong housing affordability and most importantly, rising numbers of Sydneysiders and Melburnians moving to the sunshine state.

Fed up with recent pandemic-induced restrictions and increasingly unaffordable property markets in their home states, those from the southern states are searching for relief in Brisbane’s warmer climate and less congested suburbs.

The city’s rental market, which endured 2020’s ups and downs with impressive resilience, is expected to boom this year. Figures from the Real Estate Institute of Queensland found the median rent for a three-bedroom home in Brisbane increased by $15 over the past year. The institute points to a high rental demand that is only continuing to get higher with vacancy rates falling across all local government areas.

The property market in Brisbane has an abundance of opportunities for investors, there are some suburbs that really shine.

Here, we take a look at some of the postcodes offering the best investment value:

Yeronga

Located just 8km south of Brisbane, Yeronga has an enviable riverside position. It’s median house price is $960,000, which is well above Brisbane’s $720,000 median house price.

Take a tour of Yeronga and it’s easy to see why people pay more to live there. Every wishlist item is checked thanks to an abundance of parks and family-friendly facilities.

In the five years to 2020, Yeronga’s median house price has grown from $745,000 - that’s $43,000 a year.

Growth is set to continue thanks to the revitalisation of the 3ha site of the former Yeronga TAFE.

Yeronga’s population climbed from 5540 in 2011 to 6535 in 2016.

Rental house prices have lept in 2020, up by a huge 7.6 per cent to a median of $616 per week.

Narangba

More families are discovering this north-side suburb because of its good schools and plentiful parks and playgrounds. Satterley’s Ridgeview community is based in Narangba and is located just six minutes from the Narangba train station.

Narangba is clearly a suburb on the rise, with the population increasing by more than 2000 people in the five years to the 2016 census.

Living in Narangba gives residents easy access to Brisbane’s CBD, which is a 50-minute via the M1, and the beaches of Moreton Bay.

Infrastructure is only set to expand at Naranga with the Queensland Government earmarking the suburb as a local development area for urban growth as part of the South East Queensland Regional Plan 2009-2031.

Housing affordability is high on its list of attractions with houses at a median of $505,000 and units at $327,000. The median rent for a house is $420 per week.

Scarborough

This beloved suburb is popular with residents and daytrippers alike for its relaxing seaside village vibes. Scarborough is just 35km from Brisbane and an eight-minute drive to Kippa-Ring train station.

Population growth is slow and steady - up from 7986 in 2011 to 8505 in 2016. The median house price has also risen from $485,000 in 2015 to $575,00 in 2020 (representing a year-on-year increase of $18,000).

It’s units, priced at a median of $513,282, are among the top 10 highest median value units in greater Brisbane.

Ripley

Ripley, 43km south-west of Brisbane and 6km south of Ipswich, is one of south-east Queensland’s fastest growing suburbs. It’s population in 2016 at the time of the Census was 1405, but that is set to explode to 120,000 once the Queensland Government’s housing plans are fully realised.

The Ripley Valley Priority Development Area covers 4680ha, making it one of Australia’s largest urban growth areas.

Ripley is home to Satterley’s Ripley Valley master-planned community, which is located just two minutes away from the new Ripley Town Centre.

Housing affordability makes Ripley a great choice for many Queenslanders. The median house price is $389,950 (an increase of $48,200 in the past five years) and the median rental price is $370,000.

Wynnum

A quintessential Queensland suburb, Wynnum is home to beautiful beaches, cafes and parks. Residents love the laid-back nature of the coastal town and all the conveniences its location offers.

Wynnum is home to a population of 12,915 and the area is just 20kms east of Brisbane. It is served by three train stations at Wynnum North, Wynnum Central and Wynnum, as well as regular bus services to the city.

Locals are looking forward to the development of a six-theatre cinema and cafe, set for completion in 2021, and Brisbane City Council has also finished the first stage of construction on the Wynnum Road corridor upgrade to ease traffic congestion.

Property experts including buyers agents at Your Property Your Wealth and Streamline Property Buyers believe property prices in the suburbs of south-east Queensland, including Wynnum, are about to take off thanks to state and federal government stimulus packages.

Wynnum’s median house price is $695,000 (a $75,000 hike since 2015) and the average weekly rent is $475.

Smithfield

While not necessarily in Brisbane, Smithfield, which is home to Satterley’s Smithfield Village, is just 15km from the centre of Cairns. It’s also just 15 minutes from the beauty of Palm Cove and 10 minutes from stunning Trinity Beach. Smithfield is also home to a campus of James Cook University.

With a population of 11,972, Smithfield is well established with public transport links, shops and booming infrastructure developments.

Getting from Smithfield to Cairns will soon become even quicker thanks to the Smithfield Bypass, a $164 million Queensland Government project which is now under construction. Further afield, there are plans afoot to develop a resort 13kms north of Cairns.

Smithfield’s median house price is $435,000 (up from $415,000 in 2015) and the average weekly rent is $465, making it a far less costly place to live than inner-city Brisbane.

Holland Park

This southside suburb has experienced strong growth in the six years to 2020 - up from $585,893 to $717,575, according to data in CoreLogic’s Mapping Market report. That’s an impressive $21,947 average rise each year.

Units did similarly well - jumping by $32,255 in 2014 to $384,077 today.

Holland Park is just 9km of Brisbane, so it has great amenities close by. Mount Gravatt TAFE is a mere five minute drive and Griffith University’s Nathan Campus is just 14 minutes away. Shops are easily reached with Westfield in Carindale eight minutes away and Westfield Garden City 13 minutes away.

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