Buying your own house is a big decision from both personal and investment point of view. Brisbane city has a lot to offer and many Aussies from around the country are moving to Brisbane for it’s beautiful weather, and comparatively less expensive lifestyle.
Canstar recently listed 5 best suburbs to buy a house near Brisbane city suitable for both home buyers and investors. Many factors were considered during this selection but mainly it’s the location and lifestyle facilities.
1. Red Hill
It’s only 3km from CBD, steep hills and home to many heritage listed sites. The suburb doesn’t have a train station but well serviced by many bus routes. It has strong food and drink culture and has many cafes, restaurants and one of the best craft bottle shops. Median house price is $825K and Median Rent is around $550/week
It’s 3km from CBD and home for many late boomers. The recent upgrading of Kedron Brook Road has led to the area becoming increasingly popular (and increasingly expensive), along with developing a notable al-fresco dining scene. The suburb is also close to sporting grounds such as Downey Park and Ballymore Stadium. Median House Price: $1100 K and Median Rent: $595/week
3. East Brisbane
It’s 2.5km east of Brisbane CBD and close to Brisbane river and Gabba. It has a number of bus routes and the CityCat. Plenty of food and drink options available. East Brisbane attracts youth – the median age of the suburb clocked in 6 years under the median age at 31. Median House Price: $850,000 and Median Rent: $560/week
4. New Farm
One of the most happening suburbs in Brisbane with lots of restaurants, cafes, China town and of course the famous new farm park. Old power house is now home to many events and plays. It has a mix of 19th Century colonial homes, 20th Century traditional Queenslanders, and modern architectural hybrids. Total population is around 11,330 as per 2011 census. Median House Price: $1,737,500 and Median Rent: $750/week
5. Kelvin Grove
It is close to Red Hill and named after Kelvingrove Park in Glasgow, Scotland. This is where you can find QUT campuses and it is home to Queensland’s second-largest theatre company, La Boite Theatre Company. It’s urban village has plethora of cafes and restaurants. As Kelvin Grove campus often host free arts exhibitions, and music or theatre performances, residents get many options to pass free time. Median House Price: $801,500 and Median Rent: $500/week