Albany Creek Among Top Brisbane Suburbs to Watch for House Price Growth in 2019

Photo Credit: Gmcgarry [Public domain], from Wikimedia Commons

Albany Creek is poised for a house price growth in 2019, along with 28 other Brisbane suburbs, according to research.

There are twenty-nine Brisbane suburbs that should be watched for this 2019, according to Hotspotting’s Price Predictor Index. The report tracks increases in sales demand, which is generally seen to lead to price growth. Moreton Bay Region tops with seven suburbs lead by Albany Creek with a current median price of $585,000.

Brisbane-south region follows with five suburbs in the list. Overall, Brisbane-west’s Indooroopilly is among the three hottest Greater Brisbane suburbs, along with Graceville and Kippa-Ring.

This 2019, Domain predicts that Brisbane house prices will rise by four percent and by about five percent in 2020. Moreover, house prices will grow at a faster rate than any other markets this year, a stark contrast to its 2018 performance which saw house prices remain unchanged.

Unit prices are expected to grow as well by three percent in 2019 and 2020. This rebound comes after unit prices slipped by about six percent in 2018 and falling by about nine percent from its 2016 peak of $411,000.

Photo Credit: J Brew [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
The Greater Brisbane Suburbs to Watch in 2019 According to The Price Predictor Index:
(Region / Suburb / Median Price)

Moreton Bay

  • Albany Creek – $585,000
  • Banksia Beach – $560,000
  • Clontarf – $445,000
  • Eatons Hill – $600,000
  • Kippa-Ring – $430,000
  • Redcliffe (Houses) – $440,000
  • Redcliffe (Units) – $415,000
  • Burpengary – $465,000

Logan

  • Bethania Logan – $365,000
  • Logan Reserve – $410,000

Redland

  • Alexandra Hills – $470,000
  • Cleveland – $620,000
  • Mt Cotton – $550,000
  • Ormiston – $680,000

Brisbane-south

  • Annerley – $720,000
  • Corinda – $745,000
  • Mansfield – $680,000
  • Sunnybank Hills – $680,000
  • Tarragindi – $775,000

Brisbane-north

  • Bald Hills – $440,000
  • Geebung – $545,000
  • Gordon Park – $845,000
  • Stafford Heights – $605,000

Ipswich

  • Camira – $407,000

Brisbane-west

  • Graceville – $905,000
  • Indooroopilly (Houses) – $905,000
  • Indooroopilly (Units) – $475,000
  • Kenmore – $700,000

Brisbane-east

  • Tingalpa – $555,000
  • Wakerley – $755,000
  • Wynnum West – $540,000

Factors that will likely trigger price growths in the Brisbane housing market in 2019 are relative housing affordability, rise in population, dropping unemployment, infrastructure spending, and tightening supply.