But a new analysis has unearthed 10 potential hot spots where you can get a foot in the door with just a 10 per cent deposit of $50,000.
Got more to spend? You’re in luck, the Canstar analysis has also unveiled burbs where you can buy with a 10 per cent deposit of $100,000, reports realestate.com.au.
These are locations that have low median prices but high growth potential – and you’ll find the north side dominates the lists.
“Brisbane’s inner-city unit market and houses in Ipswich, Moreton Bay and Logan held opportunities for budget-conscious buyers,” it reports.
“Selected suburbs were ranked not only on affordability but also on recent positive growth, rent increases of more than 10 per cent and vacancy rates below 2 per cent.
“Each location was then scored for access to infrastructure, such as transport, schools, hospitals and supermarkets.”
So where are the bargain boom burbs?
Houses in the family friendly suburbs of Brendale and Petrie made the lists, as did units in some of our middle to inner ring northern hot spots like Nundah, Clayfield and Bowen Hills.
Check out the full list of burbs where you can get a foot in the door without needing to pay an arm and a leg:
Where to buy with a $50,000 deposit:
- Bowen Hills (unit)
- East Ipswich (house)
- Brendale (house)
- Woodridge (unit)
- Kippa-Ring (unit)
Where to buy with a $100,000 deposit:
- Petrie (house)
- Nundah (unit)
- Fitzgibbon (house)
- Edens Landing (house)
- Clayfield (unit)
Ready to get started on your path to home ownership? View our current listings for sale or contact us for a chat about anything real estate.
