Brisbane's best buys: 5 properties for under $500,000

By Katy Holliday

If you’ve been following the Australian property market for a while, you’ll know that analysts are predicting a good year for the Brisbane market with moderate price gains and buyer activity increasing by the middle of the year. QBE foresees annual price growth averaging +6.4% per year over the next three years for houses, which will bring the median price to $660,000 by June 2022.

With APRA loosening lending restrictions and lowering interest rates, the apartment market has been performing better too. Real estate agencies in Brisbane believe this year is staged for solid price growth and bustling investor activity. 

If you’re looking for an investment that offers affordability and solid returns, and you want to be ahead of the pack, read on for a list we’ve compiled of properties that are priced under $500,000 and listed by some of the best real estate agents in Brisbane.

 
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Classy 2 bedroom Cannon Hill apartment accepting offers over $429,000, listed by Class Real Estate

Brisbane real estate
Cannon Hill apartment for sale listed by John Kubatov and Renee Ford | Source: Class Real Estate

This sleek and stylish open plan apartment just six kilometres from the CBD listed by one of the best real estate agents in Brisbane city offers two bedrooms and two bathrooms with air conditioning throughout.

The kitchen is a dream with stone benches, modern appliances and pendant lighting, and the balcony is big enough for entertaining, sporting skyline views. There’s also access to the communal rooftop, equipped with a barbeque and covered seating area.

Security is a priority with undercover car parking, an intercom system and a lift. Just a short walk to the Murarrie Reserve, Cannon Hill Plaza and an abundance of cafes, while also close to all that neighbouring suburbs like Bulimba and Hawthorne, this is a perfect choice for an Airbnb property or rental.

"With the area set to benefit from the Brisbane Airport expansion project and the East Village dining and entertainment precinct, this apartment offers value in spades."

With the area set to benefit from the Brisbane Airport expansion project and the East Village dining and entertainment precinct, while also boasting excellent public transport options, this apartment offers value in spades.

The median unit price in Cannon Hill is $430,000 and the average weekly rent is $430, making the yields high at 5.2%. Annual growth in the unit market is down -2.27% but should see a nice recovery as the property market bounces back from the downturn.

Areas where you can find properties like this:

Resort style one-bedder in Bulimba accepting offers over $390,000, listed by Place Bulimba

apartments for sale Brisbane
Resort style Bulimba apartment for sale | Source: Place Bulimba

Situated in one of the hottest locations for buying Brisbane properties, according to real estate agents in East Brisbane, this spacious and modern timber-floored apartment features smeg appliances, air conditioning throughout and a balcony that overlooks the spectacular lap pool. 

The apartment complex is located just footsteps from all the best cafes, boutiques and bars, and the City Cat — making commuting a breeze. 

An ideal Airbnb option or a great spot for a long term renter, the median apartment price in Bulimba is $650,000, while the average weekly rent is $500. Rental yields average 4% and the apartment market has been booming in Bulimba with annual growth of +19.27%. With this property priced well below the median, this looks to be a great investment for the portfolio!

Areas where you can find properties like this:

Immaculate three-bedroom home in Algester selling for $439,000-$469,000, listed by Place Sunnybank

Brisbane house for sale
Algester family home listed for sale | Source: Place Sunnybank

Algester is one of those family suburbs in Brisbane that still offers affordability while also hosting good schools, parks and access to major bus lines. 

This well-maintained home offers the simplicity of open plan living, air conditioning in the family room and ceiling fans throughout. An entertainer’s deck and manicured lawns leaves plenty of space for the kids to roam free. There’s ample off-street parking for three cars, two garden sheds in the back, and the roof has benefited from a recent lick of paint. 

"This well-maintained home offers the simplicity of open plan living, air conditioning in the family room and ceiling fans throughout."

This property is priced below the median house price for the area of $510,000. Rental returns are solid at 4.5% and the average weekly rent fetches $440. Annual growth dipped a little at -1.35%, but we should see that rise by the second half of 2020. 

Areas where you can find properties like this:

Beautifully renovated 4-bedder house accepting offers mid $400,000, listed by Harcourts Property Centre

cheapest houses in Brisbane
Edens Landing house for sale listed by Alex Stassen | Source: Harcourts Property Centre

With architecturally designed features including a skylight and the recent renovation of two bathrooms and the kitchen, this modern brick home in the best part of Edens Landing is a great buy. The stylish kitchen features caesarstone benches and stainless steel appliances. There are timber floors throughout, air conditioning, a six kilowatt solar system and a large fully fenced backyard with private gardens.

Edens Landing is one of Brisbane’s up and coming suburbs and is one of the best family suburbs in Brisbane with excellent public transport options boasting both rail and bus services. There are some of the best schools near the area and there’s shopping centres, Aldi and Bunnings all close by. 

The median house price in Edens Landing is $385,000 and rental returns are 4.9%. Despite the downturn, annual growth for the suburb remained positive at +1.32% and is set to increase. 

Areas where you can find properties like this:

A 4-bedder entertainer's home in Crestmead taking offers over $399,000, listed by All Suburbs Real Estate

Crestmead house for sale
Brisbane family home for sale in Crestmead listed by Rob MacFarlane and Maryanne Arici | Source: All Suburbs Real Estate

This two-bathroom home in Crestmead includes a master suite with double shower, air conditioning and a spacious outdoor area for entertaining or hanging with the family. 

Featuring solar powered electricity, water tanks, insulation and a garden watering system for the fully fenced backyard, it’s ideal for those with a green thumb and an eco conscience, and one of the cheapest properties in Brisbane for families. Crim safe screens throughout will keep tenants feeling secure, while being close to a bus stop and local shops adds plenty of convenience.

"Real estate agents in Logan report that the area is one of the fastest growing markets in Australia, set to experience price growth in 2020"

Real estate agents in Logan report that the area is one of the fastest growing markets in the country set to experience price growth in 2020 as the market recovers from the downturn. The median house price in Crestmead is $325,000 and rental returns are cash flow positive at 5.7%. The annual price growth has seen a decline of -4.41%, but this should bounce back later this year. 

Areas where you can find properties like this:

 

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