The Brisbane property market offers a lot of different options for homeowners and investors alike, from coastal suburbs to the inner city to the rural fringe. If you’re looking to buy Brisbane property, choosing where to buy can be difficult, especially if you don’t have any preferences. We’ve put together a great little list to help you decide on where to buy in the Brisbane region.
Buying in the Brisbane Property Market
There are so many factors to consider when buying a home, with everything from affordability to school preferences and the commute to work to weekend lifestyle choices. One of the best things you can do is to sit down and make a list of what your preferences are, including commute time, how far from weekend lifestyle activities you want to be, if you have a particular school you’d like your children to go to, housing preferences and your budget.
One of the biggest factors for many home buyers is how affordable properties are in the Brisbane region. Staying within 10km of the city, suburbs such as Milton, Clayfield, Keperra and Chermside all offer affordability. A little further out from the city, buyers can pick up houses and units in suburbs such as Zillmere, Richlands, and Acacia Ridge for under $400,000. Once you get further out into the Logan, Ipswich and Moreton Bay regions, there are further options for those on a budget while still being relatively close to Brisbane’s CBD.
When buying, it is wise to consider the facilities around you and whether you have easy access to things such as medical centres, shopping centres, supermarkets, schools, childcare, transport, dining and more. What is essential for some buyers won’t be essentials for others, so knowing what you need access to on a day to day basis is a good idea. Schools within the Brisbane area are zoned, so if you do need a school for your child, it is wise to look into various schools and find a suburb that matches your requirements.
Cost of Living
Along with affordability, many home buyers, especially first home buyers, don’t take into consideration the cost of living in certain suburbs. Costs such as transport, insurance, council rates, and maintenance are important to understand. The cost of time is also a factor many don’t take into consideration – if its going to take you 45 minutes to get into work and parking is $20/day, maybe you are better off buying closer to work where it might only take 20 minutes and cost $5 on the bus.
Wherever you choose to buy property in Brisbane, ensuring you have an experienced conveyancing solicitor on your side is essential. Before you buy, make an appointment with one of our conveyancing solicitors to find out how we can help you when it comes time to buy.