With first-time buyers increasingly finding themselves priced out of the market in the Southeastern capitals, many are turning to Brisbane as the solution to their property woes.
Unlike Melbourne and Sydney, where buyers can be forced out to fringe suburbs an hour or more from the CBD in search of affordable homes, Brisbane has an abundance of moderately-priced locales for purchasers to choose from without venturing too far from the heart of the city.
So, where are the best suburbs for first-time buyers to secure their own slice of BrisVegas real estate?
Situated 22 kilometres from the CBD, Woodridge is a down-to-earth suburb with a median price of just $300,500 for houses and $202,000 for units. Young families will appreciate the choice of schools, with a Catholic primary school and public high school on offer, as well as a library and arts centre. There’s also an abundance of parks and other recreational facilities for the kiddies to run around, and travelling to the city is easy via the M1 or train.
For $338,000, this lush 3-bedroom Kurrajong Street home could be yours.
For first homebuyers with a little more cash behind them, you can’t go past Sunnybank Hills. The median house price is currently $650,000, or you can snap up a unit for around $360,000. Just 15 kilometres south of the city centre, there are plenty of parks and green spaces and opportunities for outdoor fun in the Queensland sun.
A thriving multicultural hub, Sunnybank Hills is a popular spot with families and is serviced by several shopping centres catering to every consumer need. There’s also a fabulous restaurant scene, reflective of the diversity of the residents, and commuters can choose from frequent bus or train services to get to work. Taking offers over $699,000, this six bedroom property on Coolgardie Street would be ideal for multi-generational living, with two self-contained floors each with their own kitchen and bathroom.
With a median house price of just $351,400, Browns Plains is an affordable entry-point into the Brisbane property market and is conveniently located around 24 kilometres south of the CBD. The blocks are generous and the neighbours younger than the Aussie average, with the 2011 census revealing the median age of residents in Browns Plains was just 30 years old – 7 years below the national average.
The Grand Plaza Shopping Centre has all the major retailers including Big W, Kmart and Aldi, while the newer Village Square shops have furniture, home improvements and electrical goods covered. There are also several options for both public and private schools.
Day trips to the Gold Coast are a breeze from this outer-south suburb, taking around 40 minutes, and you can be in the Brisbane CBD in around half an hour.
This 4-bedroom home on Castle Street, complete with pool and a stone’s throw from the shops and Regent Park, is listed at $495,000.
If you’ve got your sights set on a newly-built home, look no further than Mango Hill in Brisbane’s outer north. A 40-minute drive to the CBD or hop on the train at Mango Hill Station, the suburb is also under an hour from the Sunshine Coast and mere minutes from Moreton Bay.
With a median house price of $517,500, there are stacks of great house and land packages to choose from, and you’ll also be able to take advantage of the Queensland State Government’s $20,000 First Home Owners’ Grant (FHOG), available to eligible purchasers of new homes valued at less than $750,000.
Neighbouring North Lakes will become your local one-stop shopping spot, and you’ll be able to stock up on bargains at the nearby Costco and IKEA stores. This Beresford Street 4-bedder is listed at $549,000 (less with the FHOG), and you’ll get the best of both worlds – a pristine new home, without having to wait to build.