Ferny Grove Is Most Affordable & Liveable Hotspot Suburb in Brisbane

Most Affordable & Liveable Hotspot Suburb in Brisbane
Photo credit: Google Earth

For the second half of 2019, Ferny Grove emerged as the most affordable and liveable Brisbane hotspot suburb for houses, the latest PRDnationwide report says.

Released twice a month, the Affordable & Liveable Property Guide provides an analysis of Greater Brisbane suburbs located within 20kms radius of the CBD by taking into consideration five criteria: property trends, investment, affordability, project development, and liveability.

Ferny Grove joins Boondall and Griffin among the most affordable and liveable hotspot suburbs for houses, the report says, with median house price of  $622,000 and 2.6 percent price growth.

Everton Park, Bracken Ridge, and Springwood are the top Affordable and Liveable hotspots for units. Everton Park recorded a 25.8% price growth for a median price of $512,500.

Affordable and Liveable Hotspot Suburbs – Houses

SuburbMedian PricePrice GrowthRental YieldProjects 2019Radial Distance from CBD
Ferny Grove$622,0002.6%4.3%$91.8M15.3km
Boondall$521,2500.2%4.2%$17.0M18.0km
Griffin$471,0002.4%4.4%$45.8M20.0km

Data based on PRDnationwide Affordable & Liveable Property Guide 2nd Half 2019 – Brisbane report

Affordable and Liveable Hotspot Suburbs – Units

SuburbMedian PricePrice GrowthRental YieldProjects 2019Radial Distance from CBD
Everton Park$512,500 25.8%5.3%$38.0M10.0km
Bracken Ridge$321,0000.3%5.6%$8.1M20.0km
Springwood$276,5001.7%6.3%$49.1M20.0km

Data based on PRDnationwide Affordable & Liveable Property Guide 2nd Half 2019 – Brisbane report

Five out of six of the affordable and liveable suburbs in Brisbane are situated on the northern side of the River, as opposed to the results of first half of 2019 which saw the distribution spread throughout Brisbane.

Whilst this indicates that there were limited choices for first home buyers during the period, Brisbane property market, however, continues to be a prime market, as 44 percent of available suburbs now fall under $500,000 price bracket — a new record high. In 2018, this price range represents only 12.4 percent of the market.

The accessible suburbs by price range

Price Range1st Half 20182nd Half 20181st Half 20192nd Half 2019
$0-$500,00010.6%12.4%42.4%44.0%
$500,000 – $800,000 52.9%51.4%37.7%37.2%
$800,000 – $1M21.2%20.5%9.3%11.3%
$1M – $2M 11.1%12.4%6.7%6.7%
$2M+1.1%0.0%0.6%0.8%

Data based on PRDnationwide Affordable & Liveable Property Guide 2nd Half 2019 – Brisbane report

The number of houses sold in the Brisbane LGA, however, dropped by 35.7 percent, causing a decline in the median price by 1.5 percent to $670,000. The same goes for units, with the median price falling 3.7 percent to $440,000.