Brighter Buying

Brisbane’s #10 cheapest suburbs for units

by Kate Watt, Marketing Manager 22 August 2019

Buyers are bagging absolute bargains in blue chip Brissie burbs where unit prices have dropped by nearly 20 per cent over five years.

The prime inner city suburb of Bowen Hills, boasting proximity to restaurants, bars, clubs, retail and commercial precincts, has worn the brunt of over-eager unit development in recent years.
This has seen stock outpace demand and resulted in a price drop of 18.8 per cent over five years, taking the median unit price to $362,500, reports Domain.
This prime possie is not alone. Fortitude Valley, Albion and Spring Hill – all within three kilometres of the CBD – have also seen prices drop to the high $300,000s.
If you are looking to bag a bargain of your own, focus on location and be prepared to hold for the long term.
And if you’re already in the unit market and wondering if you’ll ever see a capital gain, there may be good news just around the corner.
“Brisbane unit prices are sitting at 2013 levels, down from their peak in 2015,” said Domain research analyst Eliza Owen.
“But we are expecting prices to bottom out this year … we’re starting to see the end of the downturn in the unit segment. Unit listings are also moderating, which should reduce downward pressure on prices.”

Check out Brisbane’s #10 cheapest suburbs for units by median price

  1. Bowen Hills, $362,500
  2. Runcorn, $368,250
  3. Richlands, $370,000
  4. Clayfield, $375,000
  5. East Brisbane, $378,000
  6. Coorparoo, $382,000
  7. Nundah, $385,000
  8. Taringa, $385,000
  9. Kedron, $387,000
  10. Fortitude Valley, $392,000
  11. Albion, $397,500
  12. Spring Hill, $398,000

Looking for a bargain? View our current listings for sale.

Thinking of renting your unit? Talk to us about landlording.