THESE are the suburbs where the most potential buyers are looking to spend their money. Is your suburb one of them?
Houses are in demand more in Paddington than any other Brisbane suburb. This home at 51 Tooth Ave is listed for sale.Source:Supplied
BRISBANE’S most popular suburbs for buyers, have been revealed with inner city suburbs topping the list.
The latest data from realestate.com.au predicts affordability and easing levels of new development will drive buyer demand in Brisbane in 2018.
Paddington was the most in demand suburb for houses while Wilston was for units.
Even areas outside of the inner city were experiencing an upswing in demand including regional areas such as Gympie and Mackay.
REA chief economist Nerida Conisbee said the popularity of Queensland was on the rise.
The inaugural realestate.com.au Property Outlook Report revealed five of Australia’s top 20 local government areas with the highest growth in demand in the past 12 months where in Queensland.
These were Mackay, Gympie, Gladstone, Fraser Coast and Bundaberg.
She said areas most in demand from home buyers in Brisbane were dominated by inner suburbs.
“Similar to Melbourne, high levels of development in inner Brisbane has meant that demand for apartments now lies in middle ring suburbs. It is likely that townhouse development will be a big driver of activity in Brisbane in 2018.
“On the Gold Coast, the seemingly never ending build up to the Commonwealth Games has seen demand levels from buyers and renters at extreme levels.
“However relief is in sight. We can expect cooler market conditions once the Games finishes and the region returns to a more normal cycle.’’
Ms Conisbee said for regional areas there had been some significant jumps in demand.
Demand was calculated using property views data on realestate.com.au. It calculated the number of properties viewed in the past three months against the average number of property listings.
BRISBANE’S MOST IN DEMAND SUBURBS
HOUSES
Paddington
Windsor
Holland Park
Red Hill
Coorparoo
Ashgrove
Indooroopilly
Toowong
Newmarket
Holland Park West
UNITS
Wilston
Red Hill
Holland Park
Wishart
Herston
Carina Heights
New Farm
Paddington
Newmarket
Arana Hills
HIGHEST DEMAND LOCAL GOVERNMENT AREAS
Gympie
Mackay
Gladstone
Fraser Coast
Bundaberg
Noosa
Sunshine Coast
Douglas
Rockhampton
Cairns
Source: www.news.com.au