But there are still bargains to be found in popular north side hot spots within 10km of the city.
Value hunters should look at older homes with renovation potential in gentrifying suburbs like Stafford Heights, Stafford and Chermside West.
In each of these suburbs, prices are lower than they were a year ago, reports Domain.
“While we’ve got a housing recovery, there is still opportunity out there to nab that perceived bargain,” she says. “We still have many suburbs where prices are actually lower than this time last year,” says Domain chief of research and economics Nicola Powell.
While prices have dropped since last year, these suburbs are perennially popular with first timers, families and value hunters alike and they offer great growth potential over the long term.
If you want city glimpses with a pre-2022 price tag, check out Stafford Heights where prices have dropped -8.6 per cent. If leafy green bike ways and nature reserves are more your thing, then Chermside West is hard to beat and prices are down -7.4 per cent. For convenience and urban industrial chic with a suburban price tag, check out Stafford where prices have dropped -6.8 per cent.
Check out the suburbs within 10km of the Brisbane CBD where it’s cheaper to buy now than a year ago:
- Graceville, -16.9%
- East Brisbane, -13.5%
- Greenslopes, -10.5%
- Stafford Heights, -8.6%
- Annerley, -8.0%
- Chermside West, -7.4%
- Stafford, -6.8%
- Carindale, -6.3%
- Alderley, -6.3%
- Cannon Hill, -5.3%
- Carina, -5.2%
- Holland Park, -5.1%
On the hunt for a good value buy? View our current listings for sale.