Political campaigning will come to a head in May as we go to the polls and decide who will lead the Federal parliament. Expect to see property matters retain a front-and-centre position in debates right up to election day. Real estate is considered a political ‘barbecue stopper’ topic among the Australian public, with our fascination barely faltering over the years.
This month’s residential theme is one that’s sure to capture everybody’s interest too. With “Champagne location, beer budget”, the residential teams around the nation have identified how buyers can purchase property in the country’s most desirable suburbs at reasonable prices.
Want a champagne location on a beer budget? Welcome to Brisbane.
We are the bottle of bubbly on the top shelf of this nation’s real estate market. A limited edition where every sip is a joy. Compared to other major cities, we come at a reasonable discount. Yes, you can have it all in the Sunshine State and for a fraction of the cost you’d pay in Sydney or Melbourne.
It’s this sort of affordability factor that’s driving new residents to our region as net interstate migration finds itself on the rise. We are seeing a growth in infrastructure spending and there’s a general sense of positivity about private investment in the region too. As we look forward to rising employment, the long-term future for Brisbane property remains very positive.
So, regardless of the fact you can already buy a high-quality, reasonably priced home in our city, what about the micro markets?
First up, if you’re looking for the blue-chip, ooh-lala addresses in Brisbane, there are a wide range of options. From prestige acreage to high-end apartments, most tastes can be catered for.
For the sake of this discussion, it would be fair to say that most suburbs that ping on buyers’ radars are those within a stone’s throw of the CBD. This means locations such as Ascot, Hamilton, New Farm, Teneriffe and Paddington.
These are the resilient addresses of style where land values have a penchant for consistently rising. Resilient addresses full of all the fundamental drivers property people crave.
Things such as proximity to the CBD and Brisbane River; high-end amenities and lifestyle choices such as established café and restaurant precincts; great transport options including public transport alternatives or easy access through to major roadways. They often include elements such as prestigious school catchments too. There are also physical attributes with elevation and views to the city, mountains or river helping increase the appeal.
So, for these addresses, what will it cost you to buy at the bottom of the price point? Hit the link below to find out! You can find the wrap up of the Brisbane market on page 45.