It’s not new news that the price of housing has continued to rise over the last few years in this every changing covid-filled world. All prices from loans to savings, from units to houses have all taken a hit.
However, that doesn’t mean that the buyers of this new today can’t snag a fantastic price for the home of their dreams in locations that are every buyer’s dream.
So here is the run down on affordability not only for our beautiful Brisbane but how it compares to other major cities across the country.
It’s been found that 30% of suburbs in Brisbane’s CBD can be classed as affordable based on the median household income in Queensland. In comparison, Sydney and Melbourne were found to have only 3% and 10% respectively in the class of affordability whilst Hobart had a minute 2% affordable. That’s a massive 20-28% difference compared to Brisbane. In further research, 44% of units and 17% of houses are affordable in our city meaning the chances of getting either a unit or house at a good cost is highly likely.
On top of these already great statistics and amongst Brisbane’s more affordable suburbs, I found three suburbs that are worth the looking due to their fantastic starting prices based on units. This is the beauty of Brisbane, affordable pricing in great locations all close to the CBD so that anyone can have everything they need.
Three suburbs to keep an eye on are as follows:
- Deception Bay: $292,500
- Kallangur: $315,000
- Victoria Point: $426,250
These suburbs are just three of over twenty that had amazing starting prices for families, couples, and singles alike to get their hands on.
Furthermore, there is also a new development 43km Southwest of Brisbane’s CBD boasting plots with a low starting price of $264,900. These new lots located in Barrams Reach are perfect for those looking for a more regional approach and feel to life with 120 on sale now. It’s recommended that all buyers keep an eye out for new developments.