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.”
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