Savvy first home buyers in particular are “flocking to outer-city markets” reports Your Mortgage.
The observations are based on the Hotspotting Price Point Index, which pinpoints rising outer suburbs as great value for those looking to get into the market.
“It’s noteworthy that so many of the stand-out precincts in Brisbane, Melbourne, Adelaide, and Perth are the outer-ring areas targeted by first-home buyers and others,” said Hotspotting founder Terry Ryder.
Suburbs in the Moreton Bay region, which is just north of our neighbourhood, remain firmly on the affordability radar. Further south, Logan and Ipswich City also offer good value options for first timers.
The Price Point Index showed Brisbane and Darwin were the leading capital city markets for suburbs with rising sales activities. Around 72 per cent of Brisbane suburbs have rising sales momentum.
This is not surprising given the widespread view that Brisbane is in for another year of growth while southern capitals may see a slowdown.