Where to buy: Living the high life

0

- Advertisement -

With rental vacancies ‘tight’ and luxury apartments across southeast Queensland being snapped up by upsizers and downsizers willing to pay top dollar for a premium product, reports of an oversupply of units in the market are fast becoming a distant memory.

But while many potential buyers may think their best bet is to focus their search on the inner-city, and the usual coast hot spots, some outlying suburbs are also worth a closer look.

The experts reveal where buyers looking for that perfect apartment should be looking right now.

MORE NEWS: ‘Out-of-towners’ boost prestige market

Brisbane’s million-dollar suburb boom

Premium Brisbane units in demand

***

MEET THE EXPERTS

Place CEO Damian Hackett

Damian Hackett is CEO of Place

Ray White Queensland CEO Tony Warland

Ray White Queensland CEO Tony Warland

LJ Hooker Qld Director Steve Mutton

Steve Mutton LJ Hooker State Director

Qld Sotheby’s CEO Paul Arthur

Queensland Sotheby’s International Realty CEO Paul Arthur

McGrath Qld manager Justin Marsden

McGrath Qld manager Justin Marsden

Belle Property head of Queensland Jon Iceton

Belle Property head of Qld Jon Iceton

MONDAY: Where to buy? The million-dollar quest

TUESDAY: Where to buy: Bargains in the ‘burbs

WEDNESDAY: Where to buy: First home buyers hot spots

***

BRISBANE NORTH

Albion — The suburb will see significant benefits from the Cross River Rail and prices are still relatively soft, which means opportunities for investors. DH

Newstead — If you are looking for an apartment in a dress circle suburb then look no further than Newstead TW

Clayfield — Clayfield has bucked the trend of unit prices with its older style walk-ups still popular among buyers. While neighbouring suburbs returned little to no unit growth over the last 12 months, Clayfield notched a handy 6.7 per cent. Clayfield has benefited greatly from infrastructure over the last decade including the tunnel network. SM

Clayfield — With a stabilisation in the apartment market, again buyer trends are turning towards the older larger square metreage apartments, with aspect to city, in complexes that have a milder corporate fee structure. JI

3306/35 BURDETT ST, ALBION $649,000

BRISBANE SOUTH

Woolloogabba — Large amounts of infrastructure are being poured into this suburb and surrounds. With the Gabba stadium, great bars and restaurants and new projects in the pipeline, we anticipate decent uptake for the suburb’s apartment market over the coming years. DH

Kangaroo Point — Kangaroo Point apartments enjoy some of the best city skyline views in Brisbane. There’s a lot more stock in this prime suburb than there used to be, and you can see why it’s popular. TW

The penthouse bedroom at Thornclyffe Residences, Kangaroo Point Photo: Supplied

Woolloongabba — The future Gabba Cross River Rail station will be a hive of activity when it opens in 2024. As apartments have been delivered around the Gabba and Logan Road, cosmopolitan lifestyle amenities including trendy bars and restaurants have followed. SM

Woolloongabba / East Brisbane — For the modern apartment buyer, its hard to go past the value in several new developments in the Woolloongabba precinct. There are new apartments with modern designs and roof top entertaining and pools areas in a number of these complexes with direct city views. Add this to the Brisbane city councils current focus on infrastructure in the suburb, recently adding the suburb to its DPA (priority development area) expanding on the suburbs already convenient parks and public transport. JI

The Brisbane Lions training ahead of the first AFL qualifying final at the Gabba on Saturday night. (AAP Image/Darren England)

BRISBANE EAST

Bulimba — We are expecting a new and exciting riverfront entertainment precinct along Byron Street, which will give that waterfront strip a massive facelift. DH

2104/30 JOHNSTON ST, BULIMBA $785,000 to $825,000

Carina — Carina is a suburb that suits a lot of those buyers who don’t need a large home but want great access to amenities. TW

Morningside — Apartments in Morningside are a more affordable option than neighbouring Bulimba and Norman Park, and it still has plenty of amenities including the train station and cafes through the suburb’s retail village. SM

Wynnum — Wynnum is definitely a go-to for units on Brisbane’s Bayside. Just over 20mins from Brisbane CBD, the units are well priced and not oversaturated, with some offering stunning views over Moreton Bay. They are also close to train and bus transport, plus shopping facilities, and beautiful walks and cycleways along the Bay. Cleveland is the go-to for units in the Redland Shire for affordability and infrastructure, with proximity to Cleveland Railways station, and Raby Bay restaurant and Bar precinct. JI

BRISBANE WEST

Milton — Milton offers proximity to the CBD, existing strong retail amenities and transport. DH

Toowong — Toowong units are some of the best blue chip investments in the city — close to the university and good schools. TW

Toowong — With Toowong Shopping Village, Sherwood Road shopping and dining, a short drive to UQ, the river and train and bus transport, Toowong is one of the best-serviced suburbs west of the Go-Between Bridge. SM

Toowong and St Lucia — Similar to Clayfield, demand for the older larger square metreage apartments with city aspects or on the river edges are on the increase. Some of these styles of complexes still have the added benefits of tennis courts and indoor pools. JI

203/527 CORONATION DRIVE, TOOWONG $1.49 million

GOLD COAST

Palm Beach
Palm Beach will thrive over the coming years, with a new restaurant and bar precinct and new boutique apartments being developed along the waterfront. It’s really the last absolute beachfront suburb without a main road running through the middle of it. It has seen substantial growth with a lot more development in the pipeline. DH

Surfers Paradise — It is the dream of many throughout the country to own a unit in Surfers Paradise, and that dream is still alive and well.” TW

Aerial view of Surfers Paradise

Southport — Southport’s always been popular with families as it houses two of the Coast’s educational institutions — St Hilda’s and The Southport School. But over the last decade, developers have reacted to the appeal of the suburb from professional couples. It’s a central node of the hugely successful G: Link light rail system with the Broadwater, beaches, aquatic centre, Australia Fair, Chinatown and employment hubs of Nerang Street and Bundall all nearby. SM

Palm Beach — Especially for the downsizers. It is a beautiful coastal location that still remains quite sleepy for the coast — albeit that’s about to change. PA

SUNSHINE COAST

Coolum — Coolum is seeing huge redevelopment, infrastructure, new hotels and retail — all designed to bring new life to the Sunshine Coast. DH

Caloundra — Caloundra units are dripping with beautiful beachside lifestyle dreams. TW

Maroochydore — The Maroochydore City Centre is revitalising the suburb as a place to work and live. Next year, the new city centre will offer Australia’s fastest international data connection to Asia from the East Coast. The combination of commercial, retail, dining, entertainment and recreational spaces is adding to the appeal of this centrally-located Sunshine Coast hub. SM

5/38 MALOJA AVE ‘WATERMARK APARTMENTS’, CALOUNDRA Offers over $410,000

Leave A Reply

Your email address will not be published.