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Most affordable Brisbane suburbs near CBD

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Most affordable Brisbane suburbs near CBD

by Bianca Dabu 25 February 2020 1 minute read

New insights revealed the most affordable suburbs in Brisbane within 35 minutes of commute, with prices ranging from $367,500 to $791,250.

affordable Brisbane suburbs near CBD
February 25, 2020

OpenAgent.com.au found that the southern Brisbane suburbs with some of the fastest public transport commutes to the CBD are MacgregorMacgregor, ACT Macgregor, QLD (25 minutes), Tarragindi (27 minutes) and Holland Park (30 minutes).

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.

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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.”

Out of the seven suburbs, the lowest median house prices can be found in Upper Mount Gravatt ($600,000), SalisburySalisbury, SA Salisbury, QLD ($605,000) and Mount Gravatt ($642,500).

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

12-28 mins

$722,500 $410,000
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
Most affordable Brisbane suburbs near CBD
affordable Brisbane suburbs near CBD
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Bianca Dabu

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