Brighter Buying

#2 Bargain burbs offer buyer oasis in a hot market

by Kate Watt, Marketing Manager 15 June 2021

While Brissie’s burbs still represent good value for buyers, some burbs are a virtual oasis of bargains compared to neighbouring hot spots.

Fortitude Valley and Bowen Hills are two inner city suburbs CoreLogic says haven’t kept pace with recent price growth.

This means bargain buying could be found now and there’s room for future gains.

Fortitude Valley prices have increased only 0.3 per cent in the past 12 months whereas Brisbane’s inner city values have risen 7.7 per cent on average over the same time.

Bowen Hills prices have increased 5.4 per cent.

While there are still bargains to be found, reports that Aussies are increasingly looking in higher price brackets for housing.

This is good news for sellers who have been enjoying healthy sale prices as property markets around Australia have clocked up solid growth in recent months.

In Brisbane the number of buyers searching for homes around $500,000 has dropped by 43.3 per cent, and those shopping around $750,000 has fallen 16.6 per cent over the past three years. Those looking in the $1 million bracket has increased 30 per cent.

If your budget doesn’t stretch as far as it used to, it pays to look around. Brissie’s median house values range from $380,000 in Archerfield to $2 million in Teneriffe, so you can still snap up a good home in a good location regardless of your bank balance.

Think it’s time to make a move? View our current listings for sale or talk to us about selling.