Queensland has commanded a huge share in Australia’s hot 100 real estate prospects for next year. A handful of appealing South East suburbs, even have houses, that won’t break the bank.
Hot 100 suburbs to watch in 2023
Homeowners across Australia should keep their eyes on the hottest 100 suburbs to watch in 2023. These towns and cities have been nominated based on various mid- and long-term growth drivers. This includes affordability, amenity, family appeal, location, investment prospects, gentrification, population growth, demographic change and infrastructure.
Affordability is the most appealing factor driving homeowners to these areas. Whether it’s low prices suiting buyers on a budget or relative affordability compared to nearby suburbs – these pockets of the country are incredibly attractive for those looking for new homes. Amenity is also an important drawcard with bars, restaurants, boutiques and parklands providing a great lifestyle for locals.
Family appeal cannot be overlooked either as dwelling type and perceived safety along with proximity to good schools can help make up the minds of prospective buyers with children. Location is another major aspect that plays into decisions by potential homeowners. Proximity to the CBD or other major hubs as well as closeness to natural amenities like beaches can be huge factors in determining where people live in Australia.
Investment prospects are increasingly becoming a priority for buyers searching for their next property. Rental market conditions along with expected imminent upside are enticing many people into making the move into these areas throughout 2023. Gentrification is another rising trend that has captivated the attention of many people from all over Australia – seeing a changing face of a suburb resulting in amazing opportunities for those who invest at the right time.
Population growth is projected to increase significantly within these 100 hotspots and demographic change will be an interesting thing to keep track of too as certain groups such as young families could replace downsizing elderly locals across some parts of Australia. Finally, infrastructure should not be ignored either as major investments can really benefit both local residents and commuters travelling through these wonderful suburbs too!
Brisbane Suburbs
Homeowners in Brisbane may be thrilled to hear the news that realestate.com.au has released its Hot 100 suburbs to watch in 2023, with many of them located right here in Queensland. With a median house price of below $525 000, these suburbs offer great affordability and are definitely worth looking into if you’re considering investing in property or moving home.
Suburbs such as Goodna, Redbank Plains, Crestmead and Eagleby have all rated highly for affordability and are some of the most popular choices for those looking to buy in the area.
On top of this, buying closer to Brisbane CBD is also a smart option for homeowners due to the higher demand and limited supply of housing – with popular inner city suburbs like Toowoong, Kelvin Grove and Woolloongabba being among the expert’s top picks.
New Core Logic data also indicates that auction numbers for Brisbane housing have fallen by nearly 50% when compared to this time last year – meaning buyers may now have more control over the market than ever before. This could result in even lower prices for houses across these areas as we move further into 2021.
For those who may be interested in taking advantage of these opportunities but are uncertain about their next steps – speaking with an experienced local real estate agent such as Chris Woodford (Ph: 0400 100 101) or BK Trivedi on 0477 372 263 is always a good idea as they can provide valuable advice on how best to proceed with your purchase or sale. With so many options available, now is certainly an exciting time for Australian homeowners – so don’t miss out!
