Are Brisbane's Hot Suburbs Still Hot?
Brisbane is hot, but some of its suburbs are even hotter.
The big question though, is whether the hot suburbs are still hot. While Brisbane bucks the national trend, showing steady growth of 13.7% on the property market, there are some seriously impressive suburbs looking even hotter than Brisbane as a whole.
Brisbane's Hottest Suburbs
Pullenvale and Fig Tree Pocket are particularly popular, and it shows on the property market. Fig Tree Pocket is a stunning suburb with leafy streets close to the water. Fig Tree Pocket has experienced over 23% growth in the last year, while Pullenvale is close behind with growth of 14.1%.
Pullenvale is a quiet spot ideal for acreage homes, and it's popular with retirees, young families, and professionals. As impressive as their growth is, there is a suburb with even more growth than that.
If you're looking for the hottest of the hot, look no further than St Lucia, with a whopping 25% growth just this year. You can't get better than that! With median home prices of just over $2 million and median unit prices of $657,500 (up 13.9%), this suburb might be expensive, but many houses are snapped up before they even hit the open market, making it a highly competitive area. That being said, with its proximity to The University of Queensland, properties hit the market often.
Comparatively, Toowong has been sluggish but it has still shown signs of growth, so it's not one to write off just yet. On the home front, there was a growth of 6.7% with median house prices of just over one million. It's the units that should grab your attention though, with growth of 21.2% over the last year, median prices are now resting at $678,500.
Buying in Brisbane
It's almost always a good time to buy in Brisbane, but certain seasons make it easier. Spring is a popular option because many people want to move in and settle before Christmas rolls around. However, Christmas is a shrewd time to buy too; with many people so focused on the holidays, there is often less competition when it comes to negotiating a deal.
The same can be said of January, a month many Australians use for holidays. With a thriving property market, Brisbane is a popular spot, and that doesn't look set to change any time soon. Find the suburb that ticks all your boxes and start your property search there.
Daily Bulletin