What regions are Millennials moving to?
The March quarter saw migration into regional centres from capital cities increase by 16.6 per cent, with this trend lar...
New insights revealed the most affordable suburbs in Brisbane within 35 minutes of commute, with prices ranging from $367,500 to $791,250.
Meanwhile, short drives into the city can be found in Tarragindi (10 to 22 minutes) and Holland Park West (10 to 24 minutes). Times can vary dramatically depending on peak hours.
According to OpenAgent’s data analyst Carson Teh, a short commute into the CBD is a highly desirable feature for buyers.
“Those looking to sell property in these areas should emphasise the fast commute, a feature that will undoubtedly attract working professionals, young families and investors,” he said.
Comparing the most recent census to the one before, the population has grown in all the southern Brisbane suburbs within a 35-minute commute, suggesting there is an increasing demand for affordable property that still offers easy access to the city.
Beenleigh-based real estate agent Sarah Schultz said that people who needed access to the CBD moved to areas like Holland Park after inner-city suburbs started becoming more expensive.
“It’s close to the city, has had good growth over the last 10 years and has become a thriving, sought-out suburb,” she said.
“After everything in the city started becoming more unaffordable, places like Holland Park started going up in price.”
For more affordable options, investors may opt to invest in apartment. Median unit prices go lowest in Upper Mount Gravatt ($367,500), Salisbury ($398,500), Holland Park West ($400,000) and Macgregor ($400,000).
|Suburb||Public transport||Car||Median house price||Median unit price|
|Macgregor||25 mins||14-35 mins||$730,500||$400,000|
|Tarragindi||27 mins||10-22 mins||$791,250||$489,000|
|Holland Park||30 mins||
|Upper Mount Gravatt||32 mins||12-28 mins||$600,000||$367,500|
|Holland Park West||34 mins||10-24 mins||$707,000||$400,000|
|Mount Gravatt||34 mins||12-28 mins||$642,500||$450,100|
|Salisbury||35 mins||14-30 mins||$605,500||$398,500|