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2020-02-29 Property Tips
Author: Satterley

Top 10 Best Suburbs to Invest Brisbane 2020

With its idyllic holiday spots and solid growth records, Queensland is a popular investment destination. It’s liveability and affordability make it an attractive spot for investment, whether it be short or long-term.

Like the rest of Australia, the sunny state has weathered some average returns throughout the past two years. Tighter lending conditions for investors and findings from the Royal Commission have seen low growth across the Queensland market.

However with interest rates continuing to fall, conditions around the country are dramatically improving. The future looks especially bright for Brisbane with economists tipping house price increases of up to 8 per cent in 2020 and a further 7 to 9 per cent in 2021.

Strengthening economic conditions could see the capital city’s median house prices lift by as much as 20 per cent in the three years to June 2022.

These predicted price rises could see Brisbane beating Sydney and Melbourne to lead the property upturn nationally.

Queensland’s property market is arguably more diverse than any other in Australia. There are multiple markets in the one state with conditions varying across Brisbane, Sunshine Coast, Gold Coast and Queensland’s regional markets.

Here, we take a look at some of the best performers across all of those markets. Affordable and connected, these top suburbs in Brisbane and beyond are either on the cusp of booming or have already hit their stride.

Introducing some of the best suburbs to invest in Queensland:

1. Ripley

There’s growth aplenty at Ripley Valley, located 5km south-west of Ipswich CBD and south of the Cunningham Highway. The Queensland Government designated the town a Priority Development Area in 2010 to meet local housing needs.

The town, which is home to Satterley’s Ripley Valley community, will eventually accomodate a total of 50,000 dwellings to house a population of 120,000 people.

Ripley Valley’s expansion has pushed the median house price up by 38.5 per cent in the past five years to  $410,000, according to REIQ data.

Despite its new status, Ripley Valley is connected to a range of diverse services. The nearby Ripley Town Centre was built in 2018 and is only two minutes from Satterley’s Ripley Valley. The town also has a new bus route taking passengers to Yamanto in one direction and Springfield Centre in the other.

Ripley is home to Satterley's Ripley Valley community

2. Narangba

Just 45 minutes from Brisbane on the Bruce Highway, Narangba is loved by locals for it’s small town feel. The community has access to a wide range of playgrounds, picnic spots and walking tracks.

Satterley’s Ridgeview community is based in Narangba and is just a six minute drive from the Narangba train station. It’s also close to a Costco, Dakabin station and Westfield North Lakes.

Narangba’s median house price of $500,000 is expected to grow with the opening of the University of Sunshine Coast’s Moreton Bay campus in nearby Petrie this month (February 2020)

3. Woody Point

The median house price at Woody Point, in the Moreton Bay Region, is $502,250. Houses in Woody Point rent for a median of $385 per week with an annual rental yield of 4 per cent, according to realestate.com.au. While units rent for $315 per week with a rental yield of 4.1 per cent.

Woody Point is just 24km northeast of Brisbane and has easy access to the Brisbane CBD, Brisbane Airport and major transport routes including the Gateway Motorway.

The beachy vibe and pretty landmarks, including the Woody Point Jetty, make this suburb a laidback place to live. Locals enjoy lazing at the coffee shops dotted around the Woody Point foreshore.

It’s proximity to Redcliffe and Scarborough foreshores, which host regular markets, also make it highly desirable.

Ridgeview by Satterley has access to a wide range of playgrounds, picnic spots and walking tracks.

4. Smithfield

Located 15km from the centre of Cairns, Smithfield offers the tropical climate the Far North is famed for. Home to Satterley’s Smithfield Village, the town is perfectly positioned next to some of the country’s best beaches - just 15 minutes drive to Palm Cove and 10 minutes to Trinity Beach. There’s also easy access via the Kuranda Range Road to the beauty of the Tablelands.

Bus routes cover the town, making it easy to access Cairns and surrounding beach towns. Shopping is well established with a Bunnings and the Smithfield Shopping Centre including a Coles, Woolworths and Kmart among others.

Growth in the area is moving rapidly thanks to the nearby Aquis Resort, which includes a casino and five hotels, in nearby Yorkeys Knob.

Smithfield’s capital growth is impressive with Real Estate Institute of Queensland figures showing the median price of $426,500 has risen by 14.5 per cent in the past five years.

Smithfield Village by Satterley is just 15km from sunny Cairns

5. Middle Ridge

Sitting just south of Toowoomba, Middle Ridge is an affordable family-friendly suburb with predicted strong growth. It’s median house price is $333,000 - up 2.4 per cent in the past 12 months with high increases expected in the next three years, according to OpenAgent.

This is accredited to the low 1.1 per cent vacancy rate in Toowomba and major local infrastructure projects including $7.5 million Highfields to Toowoomba cycleway project.

Middle Ridge is home to a range of community facilities including the Echo Valley Motor Sport Complex, the Toowoomba Valleys Rugby League Club and Toowoomba Golf Club.

The well established suburb is also close to shops at The Ridge in nearby Kearneys Springs, bus routes and parklands including Glen Lomand Park, which features trails for walking, cycling and horseback riding

6. Oxley

Strong rental returns make Oxley, just 11km south of Brisbane, a good investment option. The median house price is $590,000 - up 4.2 per cent in the past year. The median rent for houses is $450 per week at 4 per cent rental yield and $400 for units, at a 5.8 per cent rental yield, according to realestate.com.au.

Oxley has great rail connections with both the Oxley and Rocklea train stations, and easy access to the Ipswich motorway and Centenary Highway.

Buyers can find plenty of renovators delights in this historic suburb, which is fast being gentrified. Neighbouring suburbs with similar historic housing have already experienced the upswing of revitalisation. Nearby Corinda and Sherwood both have median house prices well above $750,000

Oxley is a great location, just 11km south of Brisbane

7. Pacific Pines

Sparkling beaches and a budding new community is the selling point of this northern Gold Coast suburb. Nestled between Helensvale and Nerang, Pacific Pines boasts all that a growth suburb needs and more. There are three primary schools and one high school, while shops are located at The Pines Elanora and the Pacific Pines Town Centre. Buses have got the suburb covered and the nearest train station is a seven minute drive away at nearby Helensvale.

The median house price at Pacific Pines is $544,750. Houses rent for a median $490 per week and units for $410 per week. According to realestate.com.au, the rental yield for units is an impressive 6.1 per cent. 

8. Jimboomba

This once sleepy south-east Queensland town is expecting an injection of an extra 3000 people into its population, according to property analyst Michael Matusik. His latest population and job report predicts massive growth at 37 per cent in the Logan region where Jimboomba is located.

Logan is one of the strongest growth corridors in south-east Queensland with housing projects establishing in Flagstone and Yarrabilba. The region has welcomed increasing investment and a surge in the number of new businesses setting up shop in the area.

Houses on big blocks of land are common in the real estate windows of Jimboomba, where the median house price is $555,000.

Brisbane is an hour’s drive away on the Mount Lindesay Highway, which is currently undergoing upgrades to support increased traffic levels.

9. Caloundra West

It’s postcard beaches have long made Caloundra a popular spot for sunseekers and luxury buyers.

Property in Caloundra West is priced very reasonably considering its prime waterside positions. The median house price is $479,000 with the median house renting for $465 per week at an annual rental yield of 5 per cent. Units rent for $405 per week with a rental yield of 5.1 per cent.

The region is expected to grow strongly thanks to new Sunshine Coast University Hospital, the Maroochydore CBD project and the Sunshine Coast International Airport Expansion Project.

Bus routes service the area and the Bruce Highway is easily accessible for the 1.5 hour drive to Brisbane.

10. Sarina

Sarina, 960km north of Brisbane, is found in the Mackay region of central Queensland.

Positive price growth has seen Sarina’s median house price rise by 15 per cent to become a prime investment location in 2020. The median house price is currently $300,000.

The town is recovering from the mining bust and turning to construction and agriculture. It’s also leveraging its proximity to the Whitsunday Islands to boost local tourism.

The Mackay region is also benefiting from a range of road upgrades including the construction of the Mackay Ring Road.

Sarina is a small township where locals love to fish, enjoy the pristine beaches and catch up at the local Surf Lifesaving Club.

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