The property research site crunched the numbers across Brisbane’s suburbs and found that demand was strongest in a number of outer suburbs in 2017.
Director of research Jeremy Sheppard said the company examined eight key indicators for demand over 12 months to find what suburbs were likely to grow.
The top five high performing suburbs were within 10 to 20 kilometres from the CBD, eschewing conventional wisdom that closer to the city was better for price growth.
“The reason that there is an increase in demand could be to do with infrastructure or it could be affordability,” Mr Sheppard said.
“People could be priced out of the rest of the city so you can find that these affordable suburbs are getting a lot more interest.”
To measure demand he included data such as days on market and vendor discounts, as well as less obvious measures like the numbers of online views on property websites like realestate.com.au.
Across Brisbane units in Alexandra Hills, Manly West, Carseldine and Sunnybank Hills scored highly in demand.
This high demand for units in these suburbs was in stark contrast to the oversupply of units in the inner city, where oversupply and high vacancy rates have continued to cause a headache for investors.
Kenmore Hills in Brisbane’s southwest was the only suburb where demand for houses made the top five.
Manly West’s unit market scored the highest of the five with a demand score of 74 out of 100.
Bruce McIntyre at Ray White Coorparoo said the strong demand for units in Many West was mainly being driven by owner occupiers rather than investors.
“A lot of young families are moving in,” Mr McIntyre said.
Before buying up in the in these suburbs Mr Sheppard recommended potential investors check to see if many new housing developments were likely to be approved.
“The last thing you want to do is invest in a market that is great right now that might have an oversupply in a few years,” he said.
Brisbane’s most in demand suburbs.
Manly West, Units, Location Score 74/100
Sunnybank Hills, Units, Location Score 70/100
Alexandra Hills, Units, Location Score 69/100
Carseldine, Units, Location Score 69/100
Kenmore Hills, Houses, Location Score 66/100
