Brisbane, the capital of Queensland, is a vibrant and rapidly growing city that offers a fantastic investment opportunity for those looking to break into the property market. With the city’s population expected to reach 3 million by 2031, there’s no better time to start investing in the city’s thriving real estate market. However, with so many suburbs to choose from, finding the right one can be overwhelming, especially if you’re on a tight budget.
In this blog post, we’ll take a look at some of the cheapest suburbs to invest in Brisbane in 2023, providing you with valuable insights to help you make a well-informed decision.
Suburb 1: Logan Central
Logan Central is a suburb located about 20 km south of Brisbane’s central business district. The suburb is known for its diverse community and is popular among students and young families. Property prices in Logan Central are relatively low, making it an attractive option for those looking for an affordable investment opportunity. The median house price in Logan Central is around $350,000, and the median rental yield is approximately 5.5%.
Logan Central has a lot of growth potential due to its proximity to Brisbane’s CBD and its location along the major transport route of the Pacific Motorway. The suburb is also set to benefit from major infrastructure projects such as the Cross River Rail and the Logan Hospital Expansion, which will bring more jobs and economic growth to the area. With affordable property prices and good rental yields, Logan Central is definitely a suburb to consider for those looking for a cheap investment opportunity in Brisbane.
Suburb 2: Woodridge
Woodridge is a suburb located about 20 km south of Brisbane’s CBD. The suburb has a high proportion of renters, making it a popular location for investors. Property prices in Woodridge are relatively affordable, with a median house price of around $300,000 and a median rental yield of approximately 5.5%.
Woodridge has a diverse community and is known for its multiculturalism. The suburb is currently undergoing significant development, with several major projects underway, including the Woodridge Train Station upgrade and the Logan Enhancement Project. These developments are expected to bring more jobs and economic growth to the area, making it an attractive investment opportunity. With its affordable property prices, good rental yields, and upcoming developments, Woodridge is definitely a suburb to watch in Brisbane.
Suburb 3: Gailes
Gailes is a suburb located about 20 km south-west of Brisbane’s CBD. The suburb has a relatively high proportion of renters, making it a popular location for investors. Property prices in Gailes are relatively affordable, with a median house price of around $310,000 and a median rental yield of approximately 5.5%.
Gailes is set to benefit from major infrastructure projects, including the Cross River Rail and the Ipswich Motorway upgrade, which will bring more jobs and economic growth to the area. The suburb is also located near several major employment hubs, including the Richlands Industrial Park and the Carole Park Industrial Estate. With its affordable property prices, good rental yields, and upcoming developments, Gailes is definitely a suburb to consider for those looking for a cheap investment opportunity in Brisbane.
Suburb 4: Inala
Inala is a suburb located about 17 km south-west of Brisbane’s CBD. The suburb has a high proportion of renters and is known for its cultural diversity. Property prices in Inala are relatively affordable, with a median house price of around $350,000 and a median rental yield of approximately 4.8%.
Inala has good public transport links, with regular bus and train services to Brisbane’s CBD. The suburb is also set to benefit from major infrastructure projects, including the Cross River Rail and the Ipswich Motorway upgrade, which will bring more jobs and economic growth to the area. With its affordable property prices and good rental yields, Inala is definitely a suburb to consider for those looking for a cheap investment opportunity in Brisbane.
Suburb 5: Redbank Plains
Redbank Plains, located approximately 30km southwest of Brisbane’s CBD, is a growing suburb with a population of around 20,000 people. The median house price in Redbank Plains is around $395,000, with a rental yield of approximately 4.7%. The suburb is set to benefit from major infrastructure projects, including the $5.4 billion Cross River Rail project and the proposed extension of the Springfield rail line. Redbank Plains has a range of amenities, including shopping centres and schools, making it an attractive option for families. With easy access to the Ipswich Motorway and public transport links, Redbank Plains is also an ideal location for commuters.
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In conclusion, investing in affordable suburbs in Brisbane can be a smart choice for those looking to enter the property market or expand their portfolio. Logan Central, Woodridge, Gailes, Inala, and Redbank Plains are all suburbs with relatively low property prices and high rental yields, as well as promising growth potential and upcoming developments. Ultimately, thorough research and seeking professional advice can help investors make informed choices and maximize their returns.
