Find out Brisbane’s five most affordable suburbs within 10 kilometres of the CBD!
Buying a house or unit close to the Brisbane CBD is no longer a dream only attainable by the fabulously wealthy.
In reality there are pockets of suburbs dotted around Brisbane that are centrally located but won’t put too big a dent in your bank account, according to research released by RP Data.
Jensen Property director Karen Jensen says investing in central yet overlooked suburbs such as Rocklea, which topped the list of the most affordable suburbs to buy a house within 10 kilometres of the CBD, is always a good idea.
“I would say that buying a home in a suburb such as Rocklea is a very good investment,” she says. “You’ll have a shorter mortgage and there is more movement at this end of the market. Areas like Rocklea have a lot of amenities such as schools and shopping centres, and of course there is the train station. I don’t think people realise just how close it is to the CBD. It’s a wise decision.”
Ray White Tingalpa sales consultant Scott Auer says suburbs like Tingalpa, which topped the list of the most affordable suburbs to buy a unit within 10 kilometres of the CBD, are centrally located and an affordable option for people wanting to buy close to their workplaces.
“In Tingalpa you’re right near the Gateway Motorway,” he says, ”so you’re only ten minutes to the airport. You’ve got easy access to the Gold Coast and Sunshine Coast while still being quite close to the CBD. Both houses and townhouses are very affordable in this area and there are good quality schools, and it’s only 12 minutes away from Westfield Carindale for shopping. People also really enjoy the relaxed bayside living atmosphere.
“With the Port of Brisbane expansion, many people now travel to this area for work, so it’s a great affordable option for them to live closer to their workplace.”
RP Data research analyst Cameron Kusher says the results will come as a surprise to those who believe that affordable inner city suburbs don’t exist.
“We’re witnessing a familiar trend across most cities where demand for housing is particularly strong across the inner city areas of the city,” he says.
“With low mortgage rates, buyers are battling it out to purchase homes close to the city centres — of course areas closer to the CBD tend to be much more expensive than those areas further away. Inner city suburbs are also generally better serviced by both essential and desirable amenities such as schools, medical services, shopping centres, social amenity, roads and public transport infrastructure.”
The five most affordable suburbs to buy a house in Brisbane within 10 kms of the city centre
Median house price: $330,848
Median house price: $416,036
Median house price: $456,878
Median house price: $471,657
Median house price: $473,513
The five most affordable suburbs to buy a unit in Brisbane within 10 kms of the city centre
Median unit price: $332,317
Median unit price: $335,633
Median unit price: $336,975
Median unit price: $344,776
Median unit price: $345,848
Have you lived in any of these suburbs? Do you think they’re a steal? Let us know below!