Are you looking for a change of pace in one of Australia’s most populous cities? Brisbane, affectionately known as “Brissie” by locals, is one of the best up-and-coming places to buy land. Surrounded by all of the amenities of a major city, Brisbane’s sheer size perfectly encapsulates the phrase ‘urban sprawl,’ covering an area of more than 15,800 square kilometres.
If you’ve been searching for a new Australian city to call home, Brisbane should be on your list. It has easy access to beautiful natural wilderness areas, including Mount Coot-Tha, which overlooks the city, and Lone Pine Koala Sanctuary and the city’s many parks.
Buying property in Brisbane, QLD
As Australia’s largest city by total area, land for sale in Brisbane isn’t difficult to come by! Whether you’re a house hunter looking for existing residential land for sale in Brisbane or are seeking to buy an existing structure, “Brissie” has something for everyone. If you’re a real estate investor, Brisbane has the land area necessary to support even the most ambitious townhouses or apartment blocks.
Despite an initially slow recovery period from the pitfalls of the COVID-19 pandemic, Brisbane’s housing market is slowly rebounding in 2023. Property values increased by 1.4% in July alone, following a slow upward trend from preceding months. This shows no sign of slowing down in the coming years as Brisbane prepares to host the 2032 Olympics. Brisbane is also predicted to see an increase in population year-on-year, reaching a height of 2.8 million by 2035.
All of this indicates that more housing will need to be built. Additionally, the University of Queensland is home to around 55,000 students, some of whom will need housing outside campus. This translates to a need for property owners to consider transitioning their homes to partial or full rental units as they age. Real estate investors should also consider buying residential land for sale in Brisbane and building townhouses or units.
Where should you buy land?
If you’re considering a move to an inner city Brisbane suburb to begin living out your new dream in the Sunshine State, consider the following suburbs as the best value for money and the best place to search for residential land for sale in Brisbane.
As mentioned, Brisbane is hosting the 2032 Summer Olympics and Annerley is set to be one of the neighbourhoods closest to Olympic Village and will likely incur a huge swell of tourists throughout the year. With average housing prices floating around $900,000 for a 2-bedroom home.
Real estate investors can now look to Brisbane’s “West End” neighbourhood as a model for how investment can help drive change. In the last decade, the West End has transformed from a rough neighbourhood to an arts and cultural centre of Brisbane’s west side. Despite this growth, West End is not a neighbourhood for the cash-strapped, as housing prices vary from $1.4M for a 3-bedroom house to $440,000 for a one-bedroom unit.
If you’re a young professional looking for your first home, or a real estate investor looking for land for sale in Brisbane, Kelvin Grove is a suburb that’s perfect for those looking to rent to students. Land is available in smaller strips or square-ish parcels, with sizes ranging from 400 square metres up to 950 square metres in size! Buying land in Kelvin Grove is a shrewd move for real estate investors as it’s close to the CBD and to Queensland University of Technology, making it a perfect rental property investment.
While this Brisbane suburb may not contain the famed racecourse, Ascot is a centrepoint between Brisbane’s central business district and it’s international airport. Because of this, Ascot is a key suburb for workers looking for housing and is a no-brainer for working professionals looking to buy land in Brisbane and build. Ascot is becoming a focal point of local development and is, therefore, an attractive option for real estate investors. Investors looking to buy land, or even working professionals, could find some of the city’s largest land parcels offering ample building room for townhouses or larger homes with front and back gardens.
PEET’s Brisbane Land Highlights
While the suburbs above are great if you’re after inner city land, if you want to venture further out, PEET offers some fantastic land for sale options you should consider, including:
One of our new developments in Redbank Plains, the affectionately named “Eden’s Crossing,” is a highly lucrative opportunity for real estate investors looking to invest in land or for young working professionals who seek some of the trappings of urban living at a reduced cost.
Located an hour from Brisbane, Flagstone in Jimboomba is a corridor community to southeast Queensland from Brisbane and beyond, including an established public and private education system and many shopping staples like Woolworths and Chemmart. Moving to Flagstone is a great way to escape the city’s hustle, bustle and density while maintaining a sense of urbanised living. A great option for young families or real estate investors.
One of the jewels in PEET’s crown is our new and luxurious Lily Rochedale development. Located mere minutes from major thoroughfares and a direct driving connection to Brisbane’s CBD, it is a gorgeously designed community with security, privacy and connectivity as its main attractions. Perfectly suited to the working professional or a lucrative choice for real estate investors.
At Riverbank, Caboolture South, you’ll remain immersed in the natural experience with our newest development of the Riverbank Parklands. To match your goal of escaping the city, we’re gearing up to develop the Riverbank community with an array of trails and park features to have you feeling not-so-urban despite being 5 minutes’ walk from the Caboolture and Mayfield train stations.
Have you dreamed of owning an acreage? Selling up your place in the city and moving to the country for a quiet life of simplicity? Our newest development at Spring Mountain will give you just that! Tucked away in the countryside of Greenbank, Spring Mountain will still leave you connected to Brisbane (45 minutes away) or easy trips to Springfield while having a gorgeous country retreat to return to.
Now is your chance to ‘land’ north of Brisbane in our “The Landing” development. Our gorgeous developments of modern townhouses can be perfect family homes or rented apartments for the property enthusiast seeking to expand their horizons or for the real estate investor looking for an opportunity to improve their portfolio. Seventy-six townhouses are currently under construction in this development.
Not quite half an hour from Brisbane lies the beautiful Little Eagle development. Geared towards families with a three or four-bedroom layout, these delightful townhouses come complete with all necessities, including on-site garages and parking. They are minutes away from local shops, gyms, artisan galleries and much more!
Why Build Your Dream Home in Brisbane?
If Brisbane’s size, property availability, value growth potential and options weren’t reasons enough to build your dream home in Brisbane, then there’s plenty more!
- Education: Brisbane is home to two world-class universities: the University of Queensland and the Queensland University of Technology. There are also six satellite campuses of other Australian universities and dozens of secondary and primary schools, depending on your neighbourhood.
- Cost of Living: On average, Brisbane is one of the cheaper cities for rental properties, but Brisbanites pay more for public transport than in other major Australian cities, except for Sydney. However, Brisbanites pay more than other major centres in many cost-of-living metrics.
- The Olympics: One of the main drivers for newcomers to Brisbane looking to invest in the Brisbane property market is the impending 2032 Summer Olympics, which Brisbane is hosting. These Olympics will mean floods of tourists from around the world baying down on Brisbane, presenting a perfect opportunity for short-term rental options for existing real estate. Real estate investors should consider beginning projects now in preparation for the Olympics.
- Local Infrastructure & Robust Economy: One of the driving forces of new houses for sale in Brisbane is the growth potential in the city. Its robust local economy has experienced a huge resurgence in 2023, which is predicted to continue into 2024 and beyond.
How PEET Can Help You Invest in Brisbane
As property developers, we’re always looking for the best property types for our clients, whether a unit in an apartment complex, a large townhouse for a growing family, or a property with a large yard for a family with pets. PEET’s developments in Brisbane span ten communities and offer many housing options. You’re guaranteed to find something in your price range and a home you foresee yourself living in for years as you and your family grow.
Our unique understanding of the Brisbane housing market, informed by years of experience, weeks of research, and direct contact with the housing community, is instrumental in helping you find firm roots and a new home. This deep market insight complements the expertise of conveyancers in Brisbane, who play a crucial role in the property transaction process. As a real estate investor, we aim to help your project succeed. Whether you’re building townhouse estates, upscale apartment complexes or high-rises, or a series of family homes to rent, your business success is our business success.
Contact us today to see how we can help you build your dream home or find your dream business opportunity on the Sunshine Coast.