You live in Brisbane – great! Prices are still on the rise and interest rates might rise again before Easter – not so great. However, it’s not all bad news. There are still some fantastic properties out there, especially if you’re a first-time home buyer. Hotspots like Caboolture, One Mile and Mt Cotton are booming, and now is an opportune time to enter the market.
Based on Smart Property Investment’s online guide to property investment, Caboolture South is the top-ranking Brisbane suburb that buyers should be looking at, especially first-home buyers. With a median housing price of $545,000 (ABS, May 2021), prices are lower than both Brisbane and the Sunshine Coast.
Caboolture is affordable for families and first homeowners, and the average age of residents is just 33 years. It’s well-serviced as a rail hub; has government agencies, shopping centres and childcare facilities; and a university campus and public and private schools. Proximity to Brisbane allows professionals to live in Caboolture and commute to the city. It’s also close to the Westfield Shopping Centre at North Lakes and the beautiful Glass House Mountains and Sunshine Coast beaches thanks to the Bruce Highway.
One Mile near Ipswich is another booming hotspot. Only 3.5km from the Ipswich CBD, One Mile residents enjoy access to health facilities and services, arts and culture venues, a wide range of eateries as well as sporting and recreation facilities. One Mile also has several public and private schools.
With a mix of colonial, post-war, 1970s and modern brick homes, the median housing price is just $434,000 (ABS, May 2021), making One Mile an affordable suburb that’s only a 40-minute drive to Brisbane’s CBD. The average age of residents is 33 and the population is 1,836. However, the ABS predicts the area to experience growth in the range of 60% over a five-year period.
Mount Cotton is a more expensive option for first-home buyers due to its proximity to the Brisbane CBD and Moreton Bay coastline. With an anticipated five-year growth of 44% and house prices averaging $795,000 (ABS, May 2021), Mt Cotton is a preferred location for young professionals. Just over 3,000 residents live in the area, and similar to One Mile and Caboolture, the average age of the population is 32 years.
One of the main attractions of Mt Cotton is that residential pockets are set among areas of unspoiled bush. Everyday retail facilities are also available at nearby Victoria Point, as is
access to Moreton Bay.There are still opportunities to be had in Brisbane’s outskirts. Narrow your search and you will find the right property to fit your needs.
About the Author
One in 26 Brisbane Homes Has Been Personally Inspected by Andrew Mackintosh. After more than 20,000* Brisbane building inspections, Andrew Mackintosh is Brisbane’s leading advisor for home buyers and investors in South East Queensland. That’s an average of over one hundred^ inspections per Brisbane suburb. No matter where you’re buying, Andrew knows the area, knows the challenges, and knows exactly what to look for. In fact, chances are, Andrew’s personally inspected one of your neighbours’ homes.
Action Property Inspections is 100% Independent
*According to ABS, there are 520,000 homes in Brisbane.
^According to Brisbane City Council, there are 190 suburbs in Brisbane