The 10 most popular inner-Brisbane suburbs for renters

Written by in Property News on July 24, 2018

Whether you’re an astute investor scoping out the hottest suburbs to maximise your rental return, or a tenant on the hunt for a fab property that will keep you close to the action in sunny Brisvegas, we’ve got you covered!

Here are the top 10 most popular inner-Brisbane suburbs renters simply can’t resist:

Brisbane, Australia - September 25, 2016: View of Brisbane sign with skyscrapers in the background in South Bank, Brisbane during daytime.

1. Highgate Hill

Just 2km south of the CBD, Highgate Hill is a high-density suburb dominated by apartment buildings and older, heritage-listed homes. The median rent for units is currently $350 per week, while houses command $500 per week. A great spot for city workers and students, with the University of Queensland close by, there are still plenty of green spaces in the suburb, despite its proximity to the city centre. Renters outnumber owner-occupiers, making up 55 per cent of the suburb.

2. Gaythorne

Gaythorne is a leafy suburb, 7km from the centre of Brisbane. The architecture is predominantly Queenslander-style, with many of the homes in the area built in the post-war period.

It’s a lovely, quiet suburb, ideal for families, and has median rents of $370 per week for units and $450 per week for houses. There are good schools and sporting fields, and the neighbours are friendly – overall, a great place for the kids to grow up! 60 per cent of the residents of Gaythorne are renters, so you’ll be in good company.

3. Newstead

Located 3km north of the CBD, Newstead has been the site of redevelopment and upheaval over the past decade, elevating it to the status of one of the most sought-after suburbs in Brisbane.

Units make up almost all the accommodation in Newstead, and rent for a median price of $470 per week. It’s ideally located for shopping, dining and studying, but parking can be a bit of a nightmare, so if you can score an apartment with a car space or two, you’re onto a winner!

4. Graceville

Graceville, 8km from the CBD, is another fantastic suburb for families looking to rent a home in Brisbane. With several public schools and a Catholic school, loads of parks and abundant sports and recreation facilities, there are plenty of things to do for kids of all ages. Units have a median rent of $400 per week, while a house will set you back $550 per week. Almost 80 per cent of the households in Graceville are families, so the kids will have no trouble making friends!

5. East Brisbane

In East Brisbane, units renting for a median of $360 per week and houses $540 per week, not bad for the convenience of being just 2 kilometres from the centre of town, it’s certainly worth it.

There are a number of heritage-listed properties in the suburb, as well as Queenslander-style homes, and the majority of residents are renting their homes. Mowbray Park is a great spot for a barbeque with friends, and Fortitude Valley is close for big nights out – the perfect suburb for carefree young professionals to enjoy all that inner Brisbane has to offer!

6. South Brisbane

Almost 90 per cent of the dwellings in South Brisbane are units or apartments, which have a median rent of $470 per week. Houses currently rent for $550, although these types of properties are few and far between.

On the southern banks of the Brisbane River, it has excellent transport links and is home to a Griffith Uni campus and the Southbank Institute of Technology, making it popular with students.

7. Coorparoo

Coorparoo is 4km from the centre of Brisbane, with current median rents of $360 for units and $490 for houses. The accommodation is roughly half and half, houses and units, with renters making up 45 per cent of the population. It’s ideally placed to cater to both families and young professionals, with six schools, a Dendy Cinema and plenty of cafes and shops.

8. Woolloongabba

Home to the Brisbane Cricket Ground, aka “The Gabba”, Woolloongabba may be tricky to spell, but it’s a great spot to live!

With plenty of trendy restaurants, fashion boutiques and quirky antiques stores, and walking distance to cricket and AFL matches, there’s something for everyone in this suburb, 2km from the Brisbane city centre. Roughly 66 per cent of residents are renting, with current median rents $440 per week for units and $482 per week for houses.

9. West End

Less than 2km from the heart of Brisbane, West End is a chilled-out suburb with a great café and restaurant scene. There are loads of organic stores and international supermarkets, as well as a farmer’s market, the Green Flea Market, which is held each Saturday morning in Davies Park.

Popular with students due to the millennial culture and proximity to the University of Queensland, units here rent for $450 per week, while a house will cost you $565 per week. Almost 60 per cent of West Enders rent, with units and apartments just outnumbering standalone houses.

10. Fortitude Valley

More than three-quarters of the residents in trendy Fortitude Valley are renting their homes, and paying $410 for a unit, or $455 for a house each week.

The vast majority of dwellings in “The Valley” are apartments and units, and young singles outnumber families in this hip inner-city entertainment hub known for nightclubs, bars and adults-only venues. Bus and train links into the city are good, and there are plenty of taxi ranks to cater to those who enjoy a drink or two on their nights out!