Brighter Buying

Where to buy in 2023?

by Kate Watt, Marketing Manager 22 December 2022

It’s the question on everyone’s lips at this time of year. What will the property market do in 2023 and where should I buy?

Canstar has joined forces with Hotspotting guru Terry Ryder to produce its second annual Rising Stars report.

Using “forward looking indicators” they predict 110 suburbs they believe will offer better-than-average growth performance in the coming year.

What are these magic indicators? They’re quite sensible actually:

  • Sales volumes
  • Quarterly price growth
  • Vacancy rates
  • Rental growth
  • Infrastructure spending.

Overall, Brisbane is ranked as the second most attractive city for property price performance in 2023, behind Adelaide.

Where in Brisbane?

The report earmarks these #10 Brissie burbs as potential outperformers:

  • Annerley (units)
  • Caboolture
  • Dakabin
  • Deception Bay
  • Eagleby
  • Eastern Heights
  • Edens Landing
  • Kangaroo Point (units)
  • Redbank Plains
  • West End (units)

“The common feature of the markets which populate our Brisbane Top 10 is median prices below $600,000,” Canstar reports.

“This is in keeping with national trends, where affordable areas with good amenities and lifestyle features are continuing to attract strong buyer demand. Brisbane may have struggled as a market in the first half of 2022, but the future is positive for the city’s growth suburbs.”

Want to invest in one of Australia’s best markets for 2023? View our current listings for sale or talk to us about landlording.