With the booming millions catching the pricing eye of Brisbane’s auctioneers, there are those who are also standing out in their own affordable way. This week we take a look at some of the cheaper costing areas, and how units are becoming the future for all buyers needs.
Low Cost Areas:
Whilst ‘low cost’ may be associated with ‘Bad’ or “cheap’ this does not necceairly mean bad things. Some of the suburbs in brisbane are boasting amazing homes with affordable pricetags that almost any buyer would be crazy not to go after. Places such as Ellen Grove and Bald Hills are being overlooked leading to the most dazzling bargains coming in at around $300,000 – $450,000. Suburbs such as these are key for investors who are wanting to build their wealth in an ever growing market without the huge price tag of buying in overly established neibghourhoods. Other such areas such as Eagleby are sitting at a median price of $325,000 with the volume of sales growing to almost quadruple the amount within the past 18 months.
Units are becoming increasingly popular as mentioned in previous posts, however the popularity of these properties cannot go unnoticed. Housing has been high these past years due to a volume of reasons including Covid-19, floods and a general lack of properties being put on the market. Not only through these circumstances but also with the added developmental work of residential living areas. Both units and apartments are taking the lead, with spectacular views and green parklands surrounding these newly established getaways.
Such areas are perfect and prime for investment. New buyers, renters and marketgoers are flocking to find the best units up for grab. New, modern, readymade and in terrific locations, these properties are the ones to not miss out on. Places such as the Queen’s Wharf Tower are being designed built and sold within a flash. The time is now to start searching for the perfect space.