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These Are Our City’s Best Performing Suburbs

Monday February 26, 2018 ● By My Place Our Place

 

By Rachel Mann // Place Projects

Buying a home is one of life's largest transactions.

You dream of owning a space where memories can be made, hoping one day when it’s time to sell, you’ll get that desired return.

We’ve uncovered Brisbane’s best performing suburbs, where growth and profit is likely.

Broken into 5km, 10km and 20km radius from the CBD, these suburbs had the best capital growth in the last 12 months.

Inner City (within 5km of the CBD)

Houses

  1. Teneriffe (14.6%)
  2. Wilston (12.9%)
  3. Balmoral (9.8%)
  4. Hawthorne (9.4%)
  5. Coorparoo (9.3%)

Apartments

  1. Paddington (8.1%)
  2. Greenslopes (4.1%)
  3. Windsor (3.4%)
  4. New Farm (3.3%)
  5. Highgate Hill (3.2%)

The inner city has produced Brisbane’s best performing suburbs across both houses and apartments thanks to tighter supply, quality amenities and more job opportunities.

Many locals enjoy the convenience of being so close to the city and everything it has to offer.

 

  New Farm Riverwalk into Brisbane CBD  New Farm Riverwalk into Brisbane CBD

 

Middle Suburbs (5km - 10km from the CBD)

Houses

  1. Camp Hill (12.7%)
  2. Cannon Hill (11.1%)
  3. Lutwyche (10.1%)
  4. Kedron (9.1%)
  5. Nundah (9.0%)

Apartments

  1. Lutwyche (3.9%)
  2. Mitchelton (3.8%)
  3. Bardon (3.0%)
  4. Ascot (2.9%)
  5. Ashgrove (2.5%)

Houses in the middle suburbs are highly sought-after by families who want greater affordability while still being close to the action.

These suburbs boast strong amenities including schools, parks, recreational facilities and retail precincts.

 

  Children playing at a popular Camp Hill Park  Children playing at a popular Camp Hill Park

 

Outer Suburbs (10km - 20km from the CBD)

Houses

  1. Nudgee (9.2%)
  2. Sunnybank (9.2%)
  3. Deagon (8.9%)
  4. Macgregor (8.7%)
  5. Banyo (8.5%)

Apartments

  1. Upper Mount Gravatt (6.2%)
  2. Geebung (5.6%)
  3. Ferny Grove (4.6%)
  4. Sandgate (3.9%)
  5. Mansfield (3.8%)

Suburbs in the outer circle provide outstanding value for money, with larger block sizes and strong local infrastructure, such as major airports and shopping centres.

 

  Photo Credit: Scentre Group Westfield Garden City   Photo Credit: Scentre Group Westfield Garden City

 

So, when considering buying your dream home or investment, make sure it’s close to amenities, local infrastructure, retail and open spaces to better your chances of future growth and return.

*These figures were recorded for the 12 month period ending September 2017 and judged by capital growth of houses and apartment resales.