Let’s discuss the 5 suburbs in Greater Brisbane Queensland that have the potential to boom in 2024-2025. These suburbs have been carefully selected based on market trends and value for money. Let’s dive in and explore these exciting opportunities.
1. Chermside West
Chermside West is a suburb located approximately ten kilometres north of Brisbane CBD. With a current median price of $855,000, this suburb offers good buying value. Properties of around 600 square meters can be found within this price range, ranging from three-bed, one-bath homes to four-bed, two-bath homes. Chermside West is known for its proximity to the CBD and reasonable price point, making it an attractive option for both investors and homeowners. The suburb also offers access to good schools, Westfield Chermside, and bus links to the CBD.
While Chermside West does not have its own dedicated train line, it offers excellent owner-occupier appeal and ticks all the boxes for a comfortable family home.
2. Lawnton
Lawnton is a more affordable suburb, located twenty kilometres north of Brisbane CBD. With a current median price of $620,000, this suburb presents an opportunity for buyers on a budget. Quality homes on raised blocks or solid slab constructions can be found on over 600 square meters. Three-bed, one-bath properties are the most common, but four-bed, two-bath homes are also available for those with a higher budget. Lawnton is a family-friendly area with a mix of white-collar and blue-collar workers. It offers easy access to the train line, Sunshine Coast, and CBD.
Lawnton’s proximity to the University of the Sunshine Coast and its affordable price point make it an attractive option for buyers looking for value add potential.
3. Cannon Hill
Cannon Hill is a suburb located just six kilometres from Brisbane City. With a current median price of $1,150,000, this suburb offers a premium lifestyle and excellent amenities. It is a very family-friendly area with higher-income earners. Cannon Hill Anglican College, known for its performing arts and sporting facilities, is one of the premier schools on the south side of Brisbane. The price disparity in the area allows buyers to potentially add value to their homes. Cannon Hill’s proximity to Bulimba and Hawthorne, with their higher price points and vibrant restaurant scene, adds to its appeal.
Cannon Hill offers a great lifestyle and potential for growth, making it a suburb to watch in 2024.
4. Regents Park
Regents Park is located in Logan City Council, approximately 22-23 kilometres from Brisbane CBD. With a current median price of $635,000, this suburb offers affordable options for buyers. Larger blocks of land, ranging from 600 to 1000 square meters, provide potential for subdivision or adding a granny flat. Regents Park is benefiting from the growth in higher-priced suburbs to the north, such as Stratton, Calamvale, and Parkinson. The area is family-friendly and offers easy access to various locations, including the city, Ipswich, and the Gold Coast.
Regents Park offers affordability and potential for growth, making it an attractive option for buyers.
5. Kelvin Grove
Kelvin Grove is a suburb located only two to three kilometres from Brisbane CBD. With a current median price of $1,207,000, this suburb offers access to amenities and future infrastructure plans. Kelvin Grove is home to the Queensland University of Technology (QUT), attracting a large number of students. This creates demand for rental properties in the area. While Kelvin Grove is close to the CBD, it is important to note that some blocks may be smaller, around 250 square meters. However, the suburb’s proximity to QUT, the northern busway, and future infrastructure projects such as the Roma Live Precinct and Victoria Park complex upgrades make it an undervalued suburb with great potential.
Kelvin Grove offers a unique investment opportunity with its access to amenities and future development plans.
In conclusion, these five suburbs in Greater Brisbane show great potential for growth and investment in the next few years. Whether you’re looking for affordability, lifestyle, or value add potential, these suburbs offer a range of options to suit different budgets and preferences. Keep an eye on these suburbs as they could be the next hotspots in the Brisbane property market. And if you’re interested in exploring these suburbs further, book a free strategy session with the most experienced Brisbane buyer’s agency – Metropole Property Strategists.
