Brighter Buying

Chermside West, Keperra and Arana Hills set to boom

by Kate Watt, Marketing Manager 1 August 2019

A swag of Brisbane’s middle ring suburbs are set to see price growth in excess of 20 per cent over the next three years.

Keperra tops the list, along with Red Hill, which are forecast to see a 25 per cent price surge by 2022, according to new research from Select Residential Property (SRP) Research Group.

Arana Hills, Mount Gravatt and Rochedale South are expected to see 24 per cent growth, reports.

Chermside West, Morningside, and Tingalpa are other middle ring hot spots also tipped to have “serious growth potential”.

The research was based on an analysis of demand versus supply using data collected from, Corelogic and the bureau of statistics.

SRP research director Jeremy Sheppard said inner city Red Hill was the odd suburb out in a list dominated by affordable, middle ring suburbs.

“Red Hill and Keperra were the winners for forecast growth over the period with median house prices potentially increasing by about $215,000 and $130,000 respectively,” Mr Sheppard said.

The SRP research comes hot off the heels of the BIS Oxford Economics forecast we published last week, which tips Brisbane’s median house price growth to skyrocket 20 per cent by 2022.

Just another reason to love Brisbane we think.

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