Suburbs to watch in 2019
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