As you may have realised, the face of property, both in terms of renting and buying has changed significantly in 2021. Houses, apartments, and town homes are being snapped up faster than ever, making the housing market a competitive place to be. Due to this, it’s important to broaden your horizons and look in areas that you may not have considered to increase your chances of securing a property. At North South Real Estate, we specialise in buying, selling and property Management in Brisbane’s inner city and southern suburbs. Today, we’re focusing on the East Brisbane property trends we’re seeing in this southern inner-city gem in 2021.
About East Brisbane
Located just 4.8km east from Brisbane CBD, East Brisbane is a riverside suburb that is close to all central areas of Brisbane. Spotted with cafes, parks, and restaurants, East Brisbane has everything you could need, with the added bonus of being so close to some of Brisbane’s best shopping and dining districts in Newstead, Teneriffe, and the CBD.
Some major landmarks in East Brisbane include Mowbray Park and East Park, both of which have a range of facilities for children, pets, and fitness. East Brisbane is also close to some of Brisbane’s best schools including the prestigious Anglican Church Grammar School “Churchie”, East Brisbane State School, Villanova College and Somerville House.
Finally, East Brisbane also has a range of public transport options, being close to frequent CityCat services, regular bus services and the Coorparoo train station.
East Brisbane Housing
East Brisbane has a variety of different house styles, making the suburb a diverse place to live with opportunity to find or create your dream home. While there is a range of homes, apartments and town homes, the suburb is particularly well known for its quintessential Queenslanders and character homes, which are high in demand in Brisbane. As well as this, renovated Queenslanders and new builds are ever popular, with some seeking a more modernised, on-trend home.
Why East Brisbane?
One of the best things about East Brisbane, and what attracts most buyers and renters to the area is its value for money. Just like the prestigious New Farm, Newstead, and Teneriffe, East Brisbane is less than 5km away from Brisbane’s CBD and is located in a dream location right on the Brisbane river.
New Farm and Teneriffe are among some of Brisbane’s most expensive suburbs, with New Farm’s median house price sitting at $1.8m and Teneriffe’s at $1.9m. On the other hand, East Brisbane’s median property price is $898,000, making it $1m less than its northern counterparts. In East Brisbane, buyers and renters will achieve better value for money, while experiencing similar benefits to higher-profile inner city suburbs. Essentially, what you could spend on an average block in New Farm, you will get one of the most premium homes in the suburb in East Brisbane.
East Brisbane Property TRENDS AND FORECASTS
At North South Real Estate, our team have been selling and renting properties in Brisbane for over 12 years, so we know the area like the back of our hand. In 2021, we have already seen lots of buyers from Sydney and Melbourne show interest in East Brisbane properties, both from a move-in and investment perspective. In addition, there is a lot of money going into residential and commercial developments, so expect to see some new builds and amenities popping up around the area, adding lots of value to the suburb which benefits existing property owners.
In summary, the East Brisbane Property is booming and is expected to continue to grow over the coming years. Purchasing now will allow you to jump ahead of the queue and secure a property while the prices are affordable as this suburb will only become more and more popular.
North South Real Estate specialise in executive property management, buying and selling within the southern inner-city suburbs of East Brisbane. To view our current listings or to enquire about selling your home, visit our website and contact us on (07) 3038 3200.
