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8 of Brisbane's most up and coming suburbs

Profile photo of Katy Holliday

With a positive forecast set for Brisbane in 2020 as the market recovers, now might be the time to consider investment opportunities in Queensland's sunny capital. With many great reasons to buy in Brissie, we've compiled a list of some of the best up and coming suburbs for you to consider.

Murarrie

One of the best up and coming Brisbane suburbs

This hidden gem of a suburb is quickly gaining popularity. With close proximity to affluent suburbs like Bulimba and Hawthorne, where median prices are in the millions, Murarrie makes an excellent choice for investors and first home buyers.

The median house price is $635,000, while the median price for units is $528,000. The downturn brought about a slight dip in price growth over the past year - down -0.39% for houses - however, the unit market remained buoyant with +8.76% growth. Rental yields have been solid at 4% and 4.9% respectively.

Situated along the Brisbane River with lots of parks and reserves, and next to the Gateway Motorway, the suburb is just eight kilometres from the CBD with a range of public transport options available for the commute. The recent completion of the Murarrie Recreation Hub and the new Murarrie brewery are only serving to increase interest in the area, along with more developments in the works.

  • Median house price: $635,000
  • Median unit price: $528,000
  • Average house rent: $490/week
  • Average unit rent: $495/week

Cannon Hill

One of the top suburbs in Brisbane

This middle-ring suburb just five kilometres from the city is well-located and has the convenience of cafe and retail precincts and the Cannon Hill Shopping Centre, as well as close proximity to Carindale Shopping Centre and the Brisbane international airport via the Gateway. Residential developments are currently in progress and there's a rail upgrade in the works.

"Situated 5km from the city, Cannon Hill is well located and boasts the convenience of having several cafe and retail precincts around the suburb."

The median house price in Cannon Hill is currently $726,000, while the median unit price is $430,000. Annual growth is -0.58% and -2.27% respectively, but is set to bounce back up later this year as the Brisbane market recovers. Rental yields are 3.8% for houses and 5.2% for units

  • Median house price: $726,000
  • Median unit price: $430,000
  • Average house rent: $530/week
  • Average unit rent: $430/week

Morningside

One of the fastest growing suburbs in Brisbane

Over the years, Morningside has benefited greatly from its sister suburbs of Bulimba and Balmoral, which has seen the suburb gentrify. With plenty of cafes and lots of culture, it's growing up while still offering an accessible entry point for all the perks of its pricier neighbours. The median house price is $786,000 and the median unit price is $449,000.

Minutes from Oxford Street, the suburb is peaceful, leafy, and draws in many professionals and families to the area. Despite the cooling market that the past two years has seen, houses in Morningside have experienced +4.8% growth over the past 12 months with rental returns of 3.6%. For units, price growth declined at -1.32% while rental yields remained solid at 5%.

  • Median house price: $786,000
  • Median unit price: $449,000
  • Average house rent: $540/week
  • Average unit rent: $430/week

Edens Landing

One of the cheapest up and coming Brisbane suburbs

Situated between the Gold Coast and Brisbane, in the Logan council area, Edens Landing is 33 kilometres south of the CBD and is a family-friendly suburb with access to good primary schools. Here, train and bus options are available and there's an array of local shops.

"A family friendly suburb, Edens Landing offers access to good primary schools, various train and bus options and an array of local shops"

In Edens Landing, the median house price is just $385,000 and the median unit price is $225,000. Over the last 12 months, the housing market has seen a +1.32% growth and 4.9% in rental yields, while units have seen annual growth drop of -2.49%, but rental returns have remained strong at 6.8%.

  • Median house price: $385,000
  • Median unit price: $225,000
  • Average house rent: $365/week
  • Average unit rent: $295/week
Brisbane real estate

Picturesque view overlooking Morningside | Source: RE/MAX Results

Underwood

Brisbane real estate market high growth potential.

Close to Garden City Shopping Centre and situated just off the Bruce Highway, Underwood offers affordability while also ranking highly for culture and cafes. There are major commercial operations in the area and it's close to both the Gold Coast and Brisbane CBD. Commutes to the city are just 15 minutes off-peak and there is excellent public transport, schools and parks.

The median house price here is $550,000, which is down -1.33% for the past 12 months while rental yields are 4.3%. On the other hand, the median unit price is $343,000 and offers strong rental returns of 6.3%. Annual growth for units has also fallen -4.72%, but despite the dips experienced for both houses and units, prices are expected to bounce back as Underwood receives the flow-on effects of the recovering Brisbane market.

  • Median house price: $550,000
  • Median unit price: $343,000
  • Average house rent: $460/week
  • Average unit rent: $417/week

Oxley

One of the best family friendly, growing suburbs in Brisbane

This older suburb of Brisbane has been gentrifying in recent years, most likely because of its closeness to sought-after and pricey suburbs like Sherwood and Corinda.

With lots of beautiful post-war homes being renovated, prices in Oxley are affordable with the median house price at $575,000, and $345,000 for units. Annual growth for houses is +0.88%, and -2.82% for units, while rental yields are 4.1% and 6% respectively.

"With lots of beautiful post-war homes being renovated, prices in Oxley are affordable with the median house price at $575,000 and $345,000 for units"

Serviced by the Oxley train station, this leafy suburb is just a 17 minute journey to the CBD and has plenty of its own boutique shops, cafes and restaurants, while the convenience of Indooroopilly Shopping Centre is just 10 minutes away.

  • Median house price: $575,000
  • Median unit price: $345,000
  • Average house rent: $450/week
  • Average unit rent: $400/week

Chermside West

Ranks highly on the list of Brisbane up and coming suburbs

Once a housing market dominated by retirees, now this prime northern suburb is seeing a rise in young professionals and families due to its affordable housing market and relaxed feel. With lots of natural reserves, parks and tree-lined streets, and just minutes down the road from the Chermside Shopping Centre, Chermside West piles on the appeal.

The median house price for this friendly suburb is $600,000. Surviving the downturn with annual growth of +0.50%, it offers rental returns of 4%.

  • Median house price: $600,000
  • Average house rent: $460/week

Gordon Park

A best kept secret in Brisbane's North

This peaceful suburb, situated along the banks of the Kedron Brook, is well-connected with access to the Northern Busway, Airport Link tunnel, Clem 7 and ICB. It's just five kilometres north of the city and is home to spectacular Queenslanders on leafy, quiet streets. It's officially the smallest suburb in Brisbane, but don't let it fool you - it's big on lifestyle.

The bike paths, walking tracks and parks make living stress-free, while neighbouring shopping centres including Chermside, Lutwyche, Stafford and Toombul give residents plenty of shopping options to choose from. Not to mention, Gordon Park is also in a sought-after school catchment zone, with an array of cafes popping up in the area and Wilston Village close by.

The median house price in Gordon Park is $848,000, and the median unit price is just $314,000. Now could be a good time to get in the market while annual price growth is down -3.91% for houses and -12.73% for units, and yields are 3.2% and 5.8% respectively.

  • Median house price: $848,000
  • Median unit price: $314,000
  • Average house rent: $515/week
  • Average unit rent: $350/week