21 Oct 2020

The 10 Brisbane suburbs to watch if you're looking to buy

Queensland suburbs are set to skyrocket in value according to new real estate data researched exclusively for 9News.

Data compiled by Select Residential Property (SRP) shows house prices in growth areas are expected to rise by more than 20 per cent.

In dozens of suburbs prices are about to boom.

"Brisbane is heating up all on its own, regardless of the end of the pandemic, it was looking hot to begin with and it's even hotter now," Jeremy Sheppard, SRP's research director said.

New data from SRP, predicting median prices through to 2023 shows the top five growth suburbs in Brisbane include Carina Heights, Mount Gravatt, Mansfield, Chapel Hill and Graceville.

Brisbane's most affordable growth suburb is Keppera where the current median of $547,000 is expected to grow around 7 per cent per year to more than $700,000 in three years' time.

Topping the growth list, the median at Carina Heights is $698,000.

Scroll down to see where your south-east Queensland suburb falls on the list.

Top 10 Brisbane suburbs

Original and renovated homes are in high demand.

Suburb

P.code

Current median

Growth % forecast 1 year

New median year 1

Growth % forecast 2 years

New median year 2

Growth % forecast 3 years

New median year 3

CARINA HEIGHTS

4152

$ 697,569

7.3

$ 748,492

15

$ 802,204

24

$ 864,288

MOUNT GRAVATT

4122

$ 670,616

7.1

$ 718,230

15

$ 768,526

23

$ 826,870

MANSFIELD

4122

$ 700,479

7.1

$ 750,213

15

$ 802,749

23

$ 863,691

CHAPEL HILL

4069

$ 847,446

7.1

$ 907,615

15

$ 971,173

23

$ 1,044,901

GRACEVILLE

4075

$ 934,034

7.0

$ 999,416

14

$ 1,067,601

23

$ 1,146,060

KEPERRA

4054

$ 574,213

6.8

$ 613,259

14

$ 654,029

22

$ 701,114

STAFFORD

4053

$ 650,717

6.8

$ 694,966

14

$ 741,167

22

$ 794,525

SALISBURY

4107

$ 600,800

6.8

$ 641,654

14

$ 684,311

22

$ 733,577

ALDERLEY

4051

$ 847,637

6.8

$ 905,276

14

$ 965,459

22

$ 1,034,965

BELMONT

4153

$ 717,229

6.8

$ 766,001

14

$ 816,924

22

$ 875,737

"Buyers are drawn to the big blocks with wide frontages, and they can do a lot to the dwellings," Craig Loudon from Tobin Real Estate said.

Demand is also up at Carrara on the Gold Coast.

"All of our houses within the first week (have sold) for over the asking price, and we've had so much demand from the buyers, we're actually selling a fair few properties off market," Tayla McCarthy from @Realty said.

Across the broader south-east

Gold Coast - Tweed

Suburb

P.code

Current median

Growth % forecast 1 year

New median year 1

Growth % forecast 2 years

New median year 2

Growth % forecast 3 years

New median year 3

BILAMBIL HEIGHTS

2486

$ 589,806

7.0

$ 631,092

14

$ 674,738

23

$ 725,461

MIAMI

4220

$ 802,988

6.5

$ 855,182

13

$ 909,785

21

$ 973,221

ELANORA

4221

$ 723,275

6.3

$ 768,841

13

$ 817,301

21

$ 872,993

BURLEIGH WATERS

4220

$ 849,232

6.1

$ 901,035

13

$ 956,235

20

$ 1,019,928

TWEED HEADS WEST

2485

$ 590,890

5.8

$ 625,162

12

$ 661,797

19

$ 704,341

Ipswich

OXLEY

4075

$ 576,783

5.1

$ 606,199

11

$ 637,922

17

$ 674,259

DARRA

4076

$ 431,523

4.6

$ 451,373

10

$ 472,518

15

$ 497,546

KARALEE

4306

$ 567,730

4.2

$ 591,575

9

$ 618,258

14

$ 648,915

SUMNER

4074

$ 496,418

4.0

$ 516,275

9

$ 538,614

14

$ 564,427

GAILES

4300

$ 274,186

3.9

$ 284,879

8

$ 296,669

13

$ 310,379

Logan-Beaudesert

DAISY HILL

4127

$ 512,317

4.9

$ 537,421

10

$ 564,573

16

$ 596,337

SLACKS CREEK

4127

$ 330,902

4.7

$ 346,454

10

$ 363,661

16

$ 383,515

BETHANIA

4205

$ 354,327

4.2

$ 369,209

9

$ 385,862

14

$ 404,996

LOGANHOLME

4129

$ 414,966

4.2

$ 432,395

9

$ 451,898

14

$ 474,306

CEDAR GROVE

4285

$ 488,371

3.7

$ 506,441

8

$ 526,464

13

$ 550,394

Moreton Bay - South

FERNY HILLS

4055

$ 579,696

6

$ 614,478

12.3

$ 650,999

19.6

$ 693,316

EVERTON HILLS

4053

$ 588,391

6

$ 623,694

12.3

$ 660,763

19.6

$ 703,716

ARANA HILLS

4054

$ 570,973

5.1

$ 600,093

10.6

$ 631,496

16.9

$ 667,467

BUNYA

4055

$ 866,513

5.1

$ 910,705

10.6

$ 958,363

16.9

$ 1,012,954

STRATHPINE

4500

$ 428,443

4.9

$ 449,437

10.2

$ 472,144

16.4

$ 498,708

SOURCE : https://www.9news.com.au/national/top-10-brisbane-suburbs-if-you-are-looking-to-buy-a-home/48d5c86a-1340-47c7-8500-05c827458323

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