Sub­urbs to watch in 2019

Warwick Daily News - - REAL ESTATE - By So­phie Fos­ter

THESE are the sub­urbs to watch in Bris­bane next year, where a win­dow of op­por­tu­nity ex­ists to get in ahead of de­mand driv­ing up prices.

The list, com­piled via the Price Pre­dic­tor In­dex by Hotspot­ting’s Terry Ry­der, tracks in­creases in sales de­mand — which is gen­er­ally con­sid­ered to be a pre­cur­sor to in­creased prices.

“This pre­cedes the price re­ac­tion,” Mr Ry­der told The Courier-Mail.

“Where there are sales in­creas­ing, prices will fol­low even­tu­ally.”

For buy­ers, ris­ing de­mand can be a handy early warn­ing sys­tem, par­tic­u­larly if sub­urbs they are in­ter­ested in are on the list of those see­ing steady rises.

“It’s a chance to buy in ar­eas that are ris­ing be­fore prices re­ally take off,” he said.

The More­ton Bay re­gion was still the top mar­ket in Greater Bris­bane in terms of ris­ing sub­urbs — with seven on the list in­clud­ing Kippa-Ring which also made the na­tional top 50

The Bris­bane-south re­gion came in se­cond with five ris­ing sub­urbs, fol­lowed by Bris­bane-north and Red­land City, both with four growth sub­urbs, while there were just two ris­ing sub­urbs in Lo­gan City.

Graceville and In­dooroop­illy were named along with Kippa-Ring as the top three sub­urbs in Bris­bane.

“The whole premise is there is a time lag from when sales ac­tiv­ity rises and prices go up,” he said.

“If you are al­ready in an area where sales ac­tiv­ity is pick­ing up strongly, well that’s good be­cause you are ahead of the strong price rises.”

Mr Ry­der ex­pects im­prove­ments in the Queens­land econ­omy in­clud­ing ris­ing in­fra­struc­ture spend­ing — much of which was fo­cused on in­ner Bris­bane — to have a strong pos­i­tive ef­fect on the hous­ing mar­ket.

“Bris­bane has def­i­nitely lagged be­cause it hasn’t had the same driv­ers that Syd­ney and Mel­bourne have had. I do ex­pect Bris­bane in the com­ing year to be stronger than it has been,” he said.

“We’re see­ing that big in­fra­struc­ture spend, pop­u­la­tion growth data is favourable as well, with Queens­land now the num­ber one state for net gains for in­ter­state mi­gra­tion — and 90 per cent of that goes to SEQ. Those are all things

fall­ing into line for a rise.”

The sub­urbs to watch in 2019:

(in al­pha­bet­i­cal or­der)

Sub­urb/Cur­rent Me­dian House Price ● Al­bany Creek $585,000 ● Alexan­dra Hills $470,000 ● An­ner­ley $720,000 ● Bald Hills $440,000 ● Banksia Beach $560,000 ● Betha­nia $365,000 ● Burpen­gary $465,000 ● Camira $407,000 ● Cleve­land $620,000 ● Clon­tarf $445,000 ● Corinda $745,000 ● Ea­tons Hill $600,000 ● Gee­bung $545,000 ● Gor­don Park $845,000 ● Graceville $905,000 ● In­dooroop­illy $905,000 ● Ken­more $700,000 ● Kippa Ring $430,000 ● Lo­gan Re­serve $410,000 ● Mans­field $680,000 ● Mt Cot­ton $550,000 ● Or­mis­ton $680,000 ● Red­cliffe $440,000 ● Stafford Heights $605,000 ● Sun­ny­bank Hills $680,000 ● Tar­ragindi $775,000 ● Tin­galpa $555,000 ● Wak­er­ley $755,000 ● Wyn­num $540,000

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