Whether you’re investing in an apartment to rent out, or buying one to move into yourself, these high-growth hotspots are destined to continue their upward momentum.
Start your property search here, and watch your equity soar. Apartments in these sought-after areas are entering a new wave of growth.
With year-on-year growth of 7.74 per cent for apartments, this leafy suburb by the river is highly prized. Access to the CBD via ferry, bus or train is easy – Hawthorne is just 3km from the city centre – and the more active-minded can cycle to work within a half hour. Shops, cafes and restaurants are all within walking distance, as are riverside parklands and a popular local cinema. Hawthorne has a neighbourly, friendly feel and, although it rates as one of Brisbane’s more elite suburbs, the median price of apartments is just $480,500.
This tranquil riverside suburb may have less ‘it factor’ than nearby Bulimba, Hawthorne and Balmoral, but its proximity to the CBD is hard to beat. Norman Park’s wide, tree-lined streets and extensive parklands make it a pleasure to spend time in, and there’s easy access to South Bank, The Valley and New Farm for weekend fun. A mix of riverside mansions, renovated Queenslanders and smart apartment buildings add to the area’s good looks. The median price of an apartment is $528,500, with year-on-year growth of 13.66%.
Inner-city Balmoral is a magnet for investors and buyers who recognise the benefits of peaceful apartment living just 4km north-east of the city. Suburbs within a 5km radius of the Brisbane CBD have shown strong growth in the face of a nationwide property downturn, a trajectory that is expected to continue. Balmoral apartments have enjoyed year-on-year growth of 15.79 per cent and now have a median price of $550,000.
This up-and-coming southside suburb is one of our top picks for investors. Apartments here have seen growth of 10.27 per cent in the past 12 months, and the area’s convenience to the city, Griffith University and QUT make it a sure thing for further growth. Green and leafy, Holland Park is being rejuvenated as renovators and developers work their magic. The median price for apartments here is an affordable $402,500.
Already popular with families and retirees, more single young professionals are moving in to Wynnum by the week, no doubt seeking that elusive work-life balance. Bayside walks and picnics make the area a year-round winner, and for those who like to paddle, sail, windsurf or fish Wynnum is where it’s at. The giant wading pool and water park is a child’s dream, and dog owners have the run of one of the biggest off-leash areas in Brisbane. There are three train stations, making the city commute a breeze. Apartments have gone up 10.18 per cent in the past year, and they have a median price of $460,000.
Located 7km east of the CBD, it doesn’t take Murarrie residents long to get to the Gold or Sunshine Coasts in their downtime, and a cooling sea breeze of an evening is one of the bonuses of living here. Many of the area’s houses and apartment buildings are being renovated, giving the suburb the lift it needed to really prosper. Apartments, which have a median price of $493,000, have gone up 7.17 per cent in the past year. Its riverside parks and reserves, combined with the area’s renewal well underway, make this a strong contender as one of Brisbane’s best places to invest.
For more insight into the best places to buy an apartment in Brisbane, talk to one of LJ Hooker Avnu’s local experts.
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