They benefit from their proximity to “old money” suburbs where price tags exceeded six figures some time ago.
In addition to prestige elements they have the benefit of price growth potential, says Real Estate Institute of Queensland (REIQ) CEO Antonia Mercorella.
Check out the five suburbs Domain reports savvy buyers are watching:
- Alderley
- Gordon Park
- Woolloongabba
- Camp Hill
- Seven Hills
On the north side the small suburb of Gordon Park is punching above its weight thanks to its proximity to perennially popular Wilston which has a million-dollar-plus median house price.
While Alderley is rubbing shoulders with the “old money” suburb of Ashgrove. Coupled with the renewal of its train station precinct in recent years, buyers are seeing a recipe for value.
So if you get a foothold in an up-and-coming prestige market how long til you hit that magic million?
With Brisbane’s renowned, steady and sustainable market growth, you’ll get there eventually but be warned there can be a touch more volatility in the prestige end of the market given you have fewer buyers competing for properties. We reported last year on Paddington’s fall from grace.
Want something a little bit fancy with price growth potential? View our current listings for sale.