*Please note that the data referenced in this article is current as of February 22, 2024.

Areas In Brisbane To Get Into The Property Market Sooner 

The Brisbane property market has experienced high capital growth over the past couple of years, allowing the median property value to surpass Melbourne. The city now has the third-highest median dwelling value among the capitals behind Sydney and Canberra. While this may not be news first-home buyers want to hear when trying to enter the market, there are still affordable suburbs to be found in and around Brisbane. 

According to recent research from Domain, it takes a couple aged 25-34 an average of 5 years and 2 months to save up a 20% deposit for an entry-level house in Brisbane. For entry-level units, it will take that couple just shy of four years to save a 20% deposit. For first-home buyers in Brisbane, we’ve pulled together a list of the best suburbs to consider in order to get into the property market, based on data from Domain’s First Home Buyer Report. 

Best suburbs for entry-level houses

While buying a free-standing home takes time and commitment to save enough for a 20% deposit, it can be achievable, with these more affordable suburbs around Brisbane. 

Cleveland-Stradbroke (4 years 1 month)

Located roughly 25 km east of the Brisbane CBD on the shores of Moreton Bay, the seaside area of the Cleveland-Stradebroke area is home to a range of properties from multi-million dollar waterfront homes to more affordable houses and units. Locals have access to plenty of amenities, from medical precincts and hospitals to shopping areas and schools. The median price for houses in Cleveland is $950,000.

Ipswich Hinterland (4 years 1 month) and Ipswich Inner (4 years 4 months)

Ipswich is somewhat of a satellite city to Brisbane. Know for its architectural, natural and cultural heritage, Ipswich offers a laid-back city lifestyle and affordable housing. Ipswich is well serviced by amenities and infrastructure, with it taking roughly 40 minutes to drive from Ipswich to the Brisbane CBD. The median price for a 3-bedroom house in Ipswich is $560,000.

Springwood-Kingston (4 years 5 months)

The suburbs of Springwood and Kingston are located south of Brisbane in the City of Logan. Surrounded by shopping centres, schools and plenty of green spaces, it’s easy to see why many Brisbanites are migrating from the city to these outer suburbs. Houses in Springwood are going for around $828,000 and $520,500 in Kingston.

Beaudesert (4 years 9 months)

Nestled in the Scenic Rim region roughly 70 km from Brisbane’s CBD and 60 km from Surfers Paradise on the Gold Coast, Beaudesert is an upcoming rural suburb. Beaudesert offers a rural lifestyle without having to compromise on connectivity. The area is home to a number of stunning landscapes and natural attractions while providing adequate amenities. The median price for houses in Beaudesert is around the $576,000 mark. 

Best suburbs for entry-level units

For some first-home buyers, a house doesn’t quite fit the budget. Others might prefer to be a little closer to the city. Either way, units can be a great way to get into the property market without breaking the bank. Here are some of Brisbane’s most affordable suburbs to buy a unit.

Springwood-Kingston (2 years 6 months)

Once again, the suburbs of Springwood and Kingston in the City of Logan have made the list, but this time it’s for affordable entry-level units. With easy access to transport infrastructure, shopping, schools and recreational areas, it’s no wonder these suburbs are quickly gaining traction among first-home buyers. The median price for a 2-bedroom unit in Springwood is $440,000. 

Beenleigh (2 years 11 months)

Located in the City of Logan, Beenleigh combines the convenience of city living with the comfort of a suburban lifestyle. Just a 30-minute drive from the Brisbane CBD, Beenleigh offers a range of amenities, including multiple shopping centres, healthcare facilities and retailers. You can pick up a unit in Beenleigh for around $324,000.

Ipswich Inner (2 years 11 months)

Ipswich is fast becoming a popular choice for young families and people looking to escape the hustle and bustle of Brisbane City. Ipswich is home to the University of Southern Queensland Campus, a train station and several parks, including local favourite, Queens Park, as well as a range of shopping centres and retailers.  

Springfield-Redbank (3 years 3 months)

The suburbs of Springfield and Redbank are quickly emerging as two of the major satellite centres of Ipswich. While these suburbs offer their own amenities and infrastructure, which is developing regularly, their proximity to Ipswich and Brisbane allows for easy access to these cities. The median unit prices range from $340,000 in Redback to $477,500 in Springfield.

Chermside (3 years 6 months)

Chermside lies just north of the Brisbane CBD, only a 20-minute drive from the city. Home to one of Queensland’s largest shopping centres, Chermside has an abundance of amenities, which has earned it the reputation of the 'CBD' of the Northside. Chermside is convenient to the city, making it a great choice for city workers and young families alike. A 2-bedroom unit in Chermside will set you back around $490,000. 

Nundah (3 years 6 months)

Just down the road from Chermside is the suburb of Nundah. Nundah has recently undergone a number of transformations with developments set to continue over the next few years. While Nundah offers plenty of amenities of its own, its proximity to the Brisbane CBD and Chermside provides everything you need. Plus, the gateway arterial offers easy access north to the Sunshine Coast or south to the Gold Coast. The median price for a 2-bedroom unit in Nundah is around the $475,000 mark. 

Want to learn more about the home-buying process? Check out our collection of blogs and clips dedicated to first-home buyers. And if that’s not enough, you can also sign up for early access to our brand new buy a home offering. Calculate your borrowing power, request free property reports and talk to a property coach as you navigate this journey for the first time. 

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This article does not have regard for the financial situation or needs of any reader and must not be relied upon as financial product advice. As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this, consider the appropriateness to your circumstances.   

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