Savvy investors and owner occupiers looking for quality affordable areas are finding excellent value in the northern suburbs of Brisbane, with the following three suburbs starting to show signs they’re entering the early stages of the growth cycle.
19kms north of the Brisbane CBD, Brighton and Deagon, along with nearby suburbs Sandgate and Shorncliffe, are desired weekend destinations; it’s not uncommon to see parks or the waterfront packed out with families enjoying some fish and chips.
The area is a sought after lifestyle position, with walkways along the water, plenty of communal spaces, the Deagon racecourse, and easy access to schools and transport.
Sandgate and Shorncliffe have traditionally been the preferred suburbs for buyers in the area, however Brighton and Deagon are coming to the fore. Aside from good sized blocks, these suburbs are providing affordable purchasing opportunities.
Investors or owner occupiers looking for anything under $500,000 with good growth potential will find Brighton and Deagon are some of the few remaining suburbs with stock at or under that price point.
The two suburbs have a village atmosphere and feel very similar to what buyers find in Sandgate, along with all the amenities buyers want. The key difference is their affordability.
The $1.143 billion widening of the Gateway Motorway is also making the commute to the city much easier, opening up the area further.
Having that sort of lifestyle and improved access into the city is going to be a big plus for buyers. All this combined and Brighton and Deagon are offering a great buying opportunity. As a result they’re showing the signs of moving into the early stages of the growth cycle.
Further north and there could be more opportunity for buyers in Redcliffe following the opening of the new rail line directly into the CBD.
The Redcliffe Peninsula is one of the few suburbs in the Brisbane metropolitan area that enjoys a beach front lifestyle. Brisbane is famous for waterfront living, however Redcliffe is one of the few areas that is actually set on the beach front. Despite the drawcard, Redcliffe has been held back somewhat due to a lack of access to the CBD, something that has long been an issue. Over a century in fact.
For the better part of the last 100 years, a train line running from Redcliffe to the city has been in different stages of progression. Finally, in 2010, the Federal Government joined the Queensland State Government and Moreton Bay Regional Council to commit $988 million to extend the rail line from Petrie to Kippa Ring.
The belated arrival of the train line now opens up the suburb and, along with road widening, will help to ease to suffocating traffic congestion and make the commute to the city that much easier.
This will of course have an effect on property prices and sets up Redcliffe as a new opportunity for buyers wanting the beach front lifestyle; big infrastructure projects like this can be the catalyst to property growth.
Increased growth might be quite incremental initially, but Redcliffe has a lot going for it. It’s a great lifestyle suburb right on the beach and now with the improved access to the city will be definitely be coming more onto buyer’s radar.
Those are our three top picks for up and coming Brisbane suburbs with growth potential. Be sure to check our list of the best suburbs to live in Brisbane and if your suburb is missing, write a review!