The top 10 growth suburbs in Queensland

The property markets are running hot in 2021, but there are still some opportunities for growth in certain areas in southeast Queensland.

Demand has shifted towards houses through the pandemic, but as lending restrictions come into focus next year, there will be a ripple effect into some of the locations where price growth has lagged. Next year, affordability will begin to bite for houses in southeast Queenland’s top-performing inner suburbs, but there are still suburbs and pockets where prices have not soared so dramatically. These areas offer an opportunity to catch this property wave for buyers.

Affordability will begin to bite for houses in southeast Queenland’s top-performing inner suburbs next year, but there are still suburbs where prices have not soared so dramatically.

Just as all of our top 10 danger zone suburbs have been focussed on units, the top picks for buyers focus on houses in suburbs where prices remain reasonable.

Brisbane’s top picks

In Brisbane, the top picks range from around 10 to 20 kilometres from the centre of the city, and we expect family-appropriate housing in these suburban locations to perform well from here.

SuburbPostcodeDistance from the CBDMedian House Price1-Year Growth
Birkdale415919km$728,13522.9%
Wynnum417814km$776,61117.6%
Wellington Point416021km$772,93521.8%
Aspley403411km$708,80113.3%
Tarragindi41217km$949,60114.3%
Manly West417914km$731,45814.3%
Wavell Heights40129km$895,81018.3%
Mount Gravatt41229km$766,72814.0%
Bridgeman Downs403513km$941,65212.7%
Moorooka41058km$797,54018.7%
Figure 1 – Top 10 Brisbane property picks / Source Riskwise Property, Core Logic

Regional south-east Queensland’s top picks

Our top regional picks for regional southeast Queensland cover a range of locations from Sunshine Coast to the Gold Coast, where houses can be secured for well under $1 million. We expect some curbs on lending in 2022, so buyers should be mindful of this.

SuburbPostcodeDistance from the CBDMedian House Price1-Year Growth
Buderim455687km$882,61722.4%
Nerang421166km$619,20125.7%
Pacific Pines421160km$697,74721.4%
Mudgeeraba421377km$811,99923.9%
Elanora422185km$943,20732.0%
Mountain Creek455785km$775,32922.2%
Varsity Lakes422779km$793,49520.1%
Bli Bli456095km$695,23526.1%
Carrara421170km$769,15322.2%
Coolum Beach4573104km$947,11122.4%
Figure 2 – Top 10 southeast Queensland property picks / Source Riskwise Property, Core logic

Stock levels have been unusually low through this cycle but should pick up as Covid-19 restrictions are eased and as international travel gradually comes back online. We believe there will be more choice for buyers over the coming 3 to 6 months, but as the market for detached homes is still competitive, buyers need to be clear about their strategy and be able to act decisively.

Are you looking to buy a property? Contact us today to find out how our experienced buyer’s agents can help pick a top pick in southeast Queensland.

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