Not according to some property commentators.
Family friendly suburbs in the middle ring are set to catch a ‘ripple effect’ wave, tips Pete Wargent, a well-known, locally based, property commentator and co-founder of BuyersBuyer.
“Demand has shifted towards houses through the pandemic, but as lending restrictions come into focus next year, there will be a ripple effect into some of the locations where price growth has lagged,” the buyers agency says.
“Next year, affordability will begin to bite for houses in southeast Queensland’s top-performing inner suburbs, but there are still suburbs and pockets where prices have not soared so dramatically. These areas offer an opportunity to catch this property wave for buyers.”
So where should the savvy buyer park their dollars?
Aspley is one burb tipped for big things, while still offering an affordable entry point for families in the $700,000 range.
Nearby Wavell Heights (for $800,000+ buyers) and Bridgeman Downs (over $900,000) also offer great value buying at a higher price point.
Check out the full list below of suburbs to watch, including their growth over the past year:
- Birkdale, 22.9%
- Wynnum, 17.6%
- Wellington Point, 21.8%
- Aspley, 13.3%
- Tarragindi, 14.3%
- Manly West, 14.3%
- Wavell Heights, 18.3%
- Mount Gravatt, 14.0%
- Bridgeman Downs, 12.7%
- Moorooka, 18.7%