They boast a convenient location, a village feel and plenty of shops and restaurants, and buyers are willing to spend up to get in.
Brisbane officially offers more home buyers bang for their property buck than Perth and Hobart, with new data revealing the city boasts a cheaper house and unit price per square metre than more than half the capitals despite home medians hurtling to record heights.
Nearby New Farm was second at $5960 and West End was third at $5173 despite dropping 0.9 per cent over the same period. Powell said as land size decreases, price per square metre increases, but it actually creates more opportunities for home ownership. Powell said Brisbane house medians would be around $60,000 more than they are today without the block shrinkage of recent years but added that land sizes still need to reduce to counter the affordability crisis.
Despite that, Cush said prices were bound to rise further and said a greater mix of high and median density homes is precisely what Brisbane needs. “Hamilton actually boasts the two sections of the market with the most growth right now – the prestige market and the apartment market … East Brisbane, Spring Hill and Dutton Park are also areas .“I think the big next hot spots though will be Hersten and Kelvin Grove. They’ve got the university there, football stadium and a lifestyle location that was once a golf course which might be Olympic infrastructure.
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