Brisbane’s Middle Ring Suburbs Ripe For Investment

Inner-city suburbs always seem to get the media love, but it’s Brisbane’s middle-ring which could be about to steal the investment limelight.

With affordability and infrastructure as two imperative criteria, Domain has identified which Brisbane middle-ring suburbs should be on the radar of all buyers.

REIQ northern suburbs zone chair Martin Millard said middle-ring suburbs had already experienced solid price growth.

“When you look at suburbs such as Kedron, in Brisbane’s northern suburbs, which demonstrated extraordinary growth over the past quarter and the past year, you can see the popularity of the middle-ring in action,” he said.

“This suburb offers access to high quality high schools and primary schools, is a stone’s throw from shopping centres at Lutwyche and Chermside, the night-time economy of Nundah’s funky bars and pubs, and is on the doorstep of the Airport Link tunnel, which gets commuters to the airport or the CBD quickly.”

He said Boondall and Bracken Ridge were also proving solid performers with property prices rising due to their affordability as well as popularity with families.

On Brisbane’s southside, Carindale and Mount Gravatt were firmly in the sights of investors and homebuyers, REIQ southern suburbs zone chair Nick Brown said.

He said Carindale was not only home to one of the city’s largest shopping centres, it also had a strong public transport network and its own employment hub.

“Both Carindale and Mount Gravatt are anchored by multi million-dollar Westfield centres that have recently been expanded to offer spectacular dining and entertainment precincts — and these add liveability factors to the surrounding suburbs,” Mr Brown said.

Metropole Brisbane property strategist Brett Warren identified Chermside West, Keperra and Wynnum as middle-ring suburbs worthy of further investment investigation.

He said Chermside West’s popularity with owner-occupiers augured well for investors, too.

“The AirportLink tunnel has been a significant boost for access to major employment hubs like the CBD and closer to home there is the establishment of Chermside as a bit of a mini CBD and two hospitals that separate the suburbs,” he said.

“Unlike Chermside, Chermside West is close enough to benefit from these developments but not too close that it detracts from liveability for young families.”

With Brisbane’s population set to increase by one million in the next decade or so, he said public transport options would be worth their weight in transport infrastructure gold.

And that meant that Keperra’s location near a train line would be one of the boutique suburb’s calling cards, he said.

“We have seen the neighbouring suburb of Mitchelton really move over the past few years and we are starting to see the ripple effect starting to become evident with a median house price still around $100,000 less, but closing,” he said.

“It still has the same benefits of its neighbouring suburb. The suburb is also seeing early signs of gentrification with the old quarry making way for a $313 million residential master plan.”

Continued strong demand to live close to the water is likely to underpin Wynnum’s future market performance, Mr Warren said.

The bayside suburb offered entry-level opportunities on decent sized parcels of land, too.

“The suburb has seen some big auction results of late and this is another suburb close to a train-line that is gentrifying,” he said.

“The addition of a new cinema should also be a shot in the arm for local business and the community in general.”

8 middle-ring suburbs to watch

1. Boondall
2. Bracken Ridge
3. Carindale
4. Chermside West
5. Kedron
6. Keperra
7. Mount Gravatt
8. Wynnum

Credit: domain.com.au