This has left the market well above our pre-COVID values, but still representing good value for money, particularly compared to our southern capital city counterparts.
So what’s that look like in dollar terms? A new report shows what you can get for your money in Brisbane for $750,000, a touch above our median house price.
On that budget in Brisbane’s northern middle ring suburbs you’ll find quality and space are best achieved through a townhouse.
“A safe option for modern inner suburb living at this price point would be a townhouse,” according to the Herron Todd White Month in Review for June.
“$750,000 would buy a good quality, higher-end townhouse in Bridgeman Downs, McDowall or Albany Creek for example. These suburbs appeal to both owner occupiers and renters, with townhouses being an excellent compromise for those wanting a little more space on a tight budget. Rents range from $500 to $700 per week depending on the townhouse’s size and finishes.”
For a detached house in the northern middle ring burbs, a budget that stretches into the mid $800,000s or $900,000s will unlock more options. While unit buyers are still finding great value buying on a budget in the mid $400,000s to $500,000s.
Overall, our capital city continues to provide a good mix of homes on different price points and that’s attracting attention from down south.
“The Brisbane market rode the highs of 2021 and the lows of 2022… and remains the most attractive of the three east-coast capitals when it comes to price. Relative affordability is a primary driver for attracting interstate migrants to our little piece of Aussie paradise,” reports Herron Todd White.
Looking for value in Brisbane’s northern suburbs? View our current listings for sale
