Australian Property News

What are Brisbane’s in-demand suburbs?

Posted on Tuesday, December 08 2009 at 12:36 PM

Lutwyche, Ashgrove and Greenslopes are among the suburbs Meighan Hetherington from Property Pursuit believes are set to benefit from gentrification, infrastructure and an increase in demand in the near future.

Hetherington says premium property in Brisbane is back in demand, with homebuyers paying a premium to secure their own abode.

"Since June this year, we've witnessed a rapid increase in demand for properties, especially prestige properties in the Brisbane CBD," she says.

"We believe it's the result of pent-up demand formed over seven months of economic instability."

"We're now seeing many new buyers paying a premium for properties, above and beyond the real value of the property. The majority of properties we've seen sold in the last few months have sold for prices in excess of market value."

She lists the following emerging areas as set to benefit from increasing demand:

Lutwyche
Kedron
Gordon Park
Ashgrove/Bardon
Alderley/Enoggera
Greenslopes
Woolloongabba

Hetherington says there has been an influx of professionals relocating to Brisbane from overseas and interstate in the past 12 months, including more than 23,000 interstate arrivals in the quarter ending March 2009.

Property Pursuit lists the most popular suburbs in Brisbane, for their schools, cafes, boutique-style shopping and facilities, as: