Property investors are currently active in Brisbane, particularly for houses. Not only local investors but also interstate buyers are taking notice of the strong rise of Brisbane property values as well as attractive rental returns.
Houses remain a top choice among prospective home hunters, though apartment demand has been declining and, on average, apartments in Queensland tend to carry greater risk than houses.
Domain data shows Brisbane's luxury property market experienced a notable expansion last year. It wasn't just interstate buyers taking advantage of an advantageous economy; locals also took the leap and purchased properties valued at more than $10 million.
One of the most expensive sales last year was a three-level home on Moray Street in New Farm that sold for $11.3 million. Constructed to an Australian standard by Queensland-based architect Paul Bangay, this house stands as one of Australia's finest examples.
Many of Brisbane's most luxurious homes for sale are found in the inner city area, but Petrie Terrace is fast becoming a sought-after suburb for those seeking an upmarket lifestyle. With its own private beach and marina, plenty of shopping, dining and entertainment options nearby and easy access to the CBD, Petrie Terrace provides an alluring choice for those seeking an exclusive living environment.
Another highly sought-after suburb is Toowong, which has seen an influx of real estate investors. With many aspiring developers already on board, this area is quickly becoming one of the go-to spots for property investment.
One of Toowong's newest developments, The Patterson, will set a new architectural standard. Conceived with leading design firm Rothelowman, The Patterson offers an array of exceptional rooftop recreation spaces including an infinity edge pool and private dining, all boasting breathtaking panoramic views of Brisbane River, Mount Coot-Tha and city skyline. It also includes state-of-the-art gymnasium, wine room and artisan food and beverage offerings all set amidst lush landscaped gardens.
2. The Coot-tha
The Coot-tha is one of Brisbane's iconic sights. Formerly known as 'One Tree Hill', this bushland reserve boasts an amazing lookout and the Brisbane Botanic Gardens. Situated just west of the city center, it's the perfect spot to take in stunning panoramas and explore Queensland's lush natural splendor.
The mountain is a popular hiking and nature lover's haven, boasting trails that provide spectacular views of the surrounding forest. It also houses several attractions such as Brisbane Botanic Gardens and Sir Thomas Brisbane Planetarium.
Mount Coot-tha (pronounced 'coot-ta') was once part of the Taylor Range and declared a public recreation reserve in 1880. Its Aboriginal name meant honey, making it an idyllic picnic and excursion spot with 360o views over Brisbane and its environs.
Today the area is a vast forest reserve offering various moderate to challenging walks. It also boasts J C Slaughter Falls Park, where one can admire a semi-rainforest shrouded falls from a short stroll.
For something more tranquil, visit Brisbane Botanic Gardens Mt Coot-tha for free guided walks and to view an array of exhibitions and displays. Additionally, take a tour through the museum to gain insight into the mountain's history as well as that of its surrounding area.
The Coot-tha has plenty to offer visitors, from stunning panoramic views of Brisbane and Moreton Bay to lush Brisbane Botanic Gardens and Planetarium. A must-visit for anyone in the area is The Lookout; if you need a break from all that hustle and bustle of city life, this is an ideal spot for relaxation.
3. The Bridge
High rollers with money to burn are abundant in Brisbane City's sought-after enclave. In a state with an acute housing shortage, you won't have to travel far for your dream property in one of Brisbane City's hottest neighborhoods. Plus, with some know how and some patience, savvy homebuyers know all the right doorstops - at lower costs than expected! Finding a house in Brisbane has never been simpler: whether you're searching for an executive pad or family home - Brisbane City has it all here for you.
4. The Waterfront
When it comes to prestige property in Brisbane, few things compare to a waterfront estate. Johnston Dixon Quality Property director Josephine Johnston-Rowell notes that demand for riverfront properties is rising as they're an increasingly scarce and hard-to-find commodity.
She noted that Brisbane's number of riverfront properties has been decreasing annually due to rezoning and development, creating incredible capital growth for these homes. "Riverfront properties are an exclusive enclave that not many possess," she told Domain, adding that they offer certain lifestyle advantages other properties do not provide.
This Yeronga home offers luxurious contemporary living with floor-to-ceiling glass that takes advantage of the stunning water views. With a stunning jetty and sun-filled living spaces, it makes the ideal family home with ample outdoor space.
This home features an open concept kitchen and dining room that lead to the expansive deck with stunning water views. There's also a media room as well as a guest suite.
This home is truly stunning, boasting three bedrooms, two bathrooms and a laundry. It also has split system airconditioning, solar power system and lock-up garage for added security.
With more than 2529 square metres of land, this is the ideal spot for your dream home. The backyard features a pool and an outdoor entertaining area overlooking Brisbane River.
This two-level home is a must-see for those seeking an authentic waterfront experience. It also has an impressive list of features and extras, like its gym, sauna and guest quarters. Best of all? It's available today so make sure to schedule your viewing soon!
5. The Wharf
Domain's latest property report indicates Brisbane unit prices have plunged to a historic low - barely seven months after the city's property market peaked. This news comes as an additional blow for many Australian homeowners, as interest rate increases are impacting monthly mortgage repayments and property values alike.
Domain Chief Economist Dr Nicola Powell predicts Brisbane's economy to expand at a faster rate than Sydney and Melbourne due to improved affordability, less supply, and rising demand. She noted the Olympics would help give Brisbane some much needed exposure and its still affordable median house prices could fuel further expansion in the year ahead.
Brisbane is expecting a surge in unit sales despite the absence of high-end development, as the city centre's long neglected apartment market ignites. Place Estate Agents Queensland chief auctioneer Peter Burgin predicted that the Games would play an integral role in this, with Brisbane's city centre likely seeing the highest price growth over the next 12 months.
The Wharf is an exquisite waterfront venue offering various event spaces for parties and events, as well as a private bar on the pier. Perfect for receptions, weddings and corporate business meetings alike, The Wharf has it all!
This space is equipped with tables, chairs, audio/visual equipment as well as security personnel and event planners. It can accommodate up to 150 people indoors or 60 on the quay area.
Aside from being an ideal venue for events, The Wharf also has plenty to offer in terms of dining, shopping and entertainment. It boasts restaurants, cafes and bars featuring international cuisine as well as local favorites. Furthermore, there are numerous hotels and theatres located there.