The good news is you won’t have to look far, with Brisbane’s Moreton Bay region topping a national list of affordable property markets for 2020, as predicted by Hotspotting guru Terry Rider.
The Moreton Bay region includes some great value suburbs that are an easy commute to the Brisbane CBD. Albany Creek is a perennially popular family and first home buyer suburb.
True value hounds will want to check out the corridor from Strathpine to Petrie, which will benefit from the opening of a new University of Sunshine Coast campus in February this year.
Further north, the bayside suburbs around Redcliffe have enjoyed a renaissance since the Redcliffe Peninsula rail line opened in 2016.
It seems north Brisbane’s best kept secret is not really a secret anymore. Moreton Bay is greater Brisbane’s busiest metropolitan market with an annual growth rate of 2.8 per cent, reports Yahoo Finance.
Still in south east Queensland, Ryder also nominated Ipswich City as another strong contender when it comes to value.
Beyond that, his list included a mix of capital city and regional markets in areas where sluggish or even falling prices have created good value buying for first timers or bargain hunters.
Check out the #6 markets tipped as good value buying in 2020:
- Moreton Bay region, Brisbane
- Salisbury, Adelaide
- Kwinana, Perth
- Ipswich City, Brisbane
- Darwin, Northern Territory
- Bendigo, Victoria