Despite an increase in property prices, Peter Wargent said bargains can still be found. Image – Unsplash
  • Latest research finds buyers can purchase property for 70% of the median capital city price
  • Median price for Brisbane is currently at $678,993
  • "If you have a long-term strategy you can still expect solid capital growth over the next few years," said Peter Wargent

Brisbane’s property market has grown over the last year with house and unit prices increasing by 12.1%, according to SQM Research.

With the median price for Brisbane property currently at $678,993, buyers are still able to find a home for cheaper.

Brisbane since 2020

Co-founder of national property buyer’s agency, Peter Wargent, said “prices have increased over the past year but there are still areas where bargains can be found, and if you have a long-term strategy you can still expect solid capital growth over the next few years.”

RiskWise Property Research has identified south-east Queensland’s ten most affordable suburbs where prices are around 70% of the median capital city price.

  1. Acacia Ridge
    • + 4% increase since last year
    • Median price: $469,508
    • 13km from CBD
  1. Camira
    • +5­­%
    • Median price: $469,917
    • 21km from CBD
  1. Nambour
    • +7%
    • Median price: $516,776
    • 94km from CBD
  1. Bald Hills
    • +3%
    • Median price: $549,648
    • 17km from CBD
  1. Capalaba
    • +9%
    • Median price: $582,573
    • 19km from CBD
  1. Boondall
    • +6%
    • Median price: $603,710
    • 13km from CBD
  1. Beerwah
    • +3%
    • Median price: $609,641
    • 69km from CBD
  1. Nerang
    • +7%
    • Median price: $619,201
    • 66km from CBD
  1. Wynnum West
    • +8%
    • Median price: $642, 012
    • 13km from CBD
  1. Mount Cotton
    • +1%
    • Median price: $642,644
    • 29km from CBD
Placing 7th, Beerwah is 69km outside of Brisbane’s CBD. Image – Unsplash

Mr Wargent said the suburbs provide opportunities for buyers to purchase houses with high land value, ideal if they have long-term strategies.

“Once the borders fully open and things return to normal, post-Covid pandemic, Mr Wargent said SE Queensland will see internal migration with people looking to live in the listed areas.

“In addition, the current ultra-low interest rates have created a unique environment where buying a house in many areas has been cheaper than paying rent on one,” he said.

Mr Wargent noted while detached houses represented solid buying opportunities, risks were found to be materially higher in the unit market on average.

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