In Brisbane’s dynamic property market of 2024, the median house price is on track to hit $1 million, echoing the trajectory of Sydney, Melbourne, and Canberra. As we delve into Real Estate’s latest insights, Investia will uncover 10 promising suburbs poised for growth and affordability for you!

Brisbane’s property market is showcasing a significant rise now at $840,000 (for all dwellings, June 2024) —a notable increase of over $300,000 in just five years. Despite economic challenges, including rising interest rates and living costs, Brisbane’s property values have steadily climbed throughout 2023 and very rapidly for the first half of 2024, setting the stage for a historic milestone.

Mid-2024, Brisbane benefits from several positive factors: increasing buyer demand, robust price growth across most suburbs in recent quarters, low vacancy rates, and significant rental increases. Of particular note is Brisbane’s leading national ranking in infrastructure spending, which is expected to have a profound impact. The city’s extensive infrastructure projects stimulate economic activity, create jobs, and generate wealth throughout the region, thereby driving demand for housing. This trend is set to intensify as Queensland ramps up preparations for hosting the 2032 Olympics, further enhancing Brisbane’s economic landscape.

(all median prices below are for houses and as of June 2024) 

The 10 best suburbs in Brisbane in 2024

• Bellbird Park
• Burpengary
• Collingwood Park
• Eagleby
• Goodna
• Nundah
• Petrie
• Park Ridge
• Springfield
• Springwood

Bellbird Park: current median price $675,000

Ipswich City, situated in Brisbane’s south-west, remains a perennially popular choice due to its affordability. Bellbird Park, a coveted suburb within Ipswich, benefits significantly from its proximity to the comprehensive infrastructure of the Springfield master-planned community. This includes amenities such as a university campus, medical facilities, and a major shopping centre. Recent trends indicate a notable increase in both buyer demand and property prices in Bellbird Park. With vacancy rates consistently below 1%, this underscores the suburb’s strong appeal and enduring popularity among residents and investors alike.

Burpengary: current median price $740,000

Burpengary stands out as a promising suburb for investment due to its strategic location within the Moreton Bay region, offering proximity to both Brisbane and the Sunshine Coast. The area benefits from a growing community, strong infrastructure development, and a range of amenities, making it an attractive choice for investors seeking both capital growth and rental yield potential in Queensland’s thriving property market.

Collingwood Park: current median price $650,000

Collingwood Park: With an 11.8% rise in house prices, Collingwood Park offers a median of $580,000, promising future growth opportunities. Situated in the western corridor, Collingwood Park benefits from proximity to major infrastructure, including schools, parks, shopping centres, and medical facilities. This enhances its appeal to families and professionals seeking convenience.


Eagleby: current median price $580,000

Logan City, positioned between central Brisbane and the Gold Coast, has emerged as a highly desirable market for affordable housing options, bolstered by excellent infrastructure including extensive road and rail connections north and south. Infrastructure improvements such as the duplication of the Logan Motorway and Pacific Motorway (M1) aim to alleviate traffic congestion. Additionally, Logan City neighbours the central hub suburb of Beenleigh, providing residents with abundant amenities and services.

Goodna: current median price $550,000

Goodna, situated in Eastern Ipswich, is highly regarded for its strategic location, drawing buyers due to its affordability, excellent transport links via rail and motorways, close proximity to major employment centres, and convenient access to major retail outlets. Despite these advantages, Goodna maintains a median house price below $550,000 while enjoying a robust long-term capital growth rate of 8% annually. Investors benefit from low vacancy rates, strong rental yields, and a notable increase in buyer interest, making it a compelling choice for investment in Queensland’s dynamic property market.

Nundah: current median price $1,150,000

Nundah, a suburb prized for its prime location and connectivity, has garnered popularity among young buyers, especially for its affordable units and desirable lifestyle offerings. While the median house price exceeds $1 million, units typically sell for less than half that amount and boast a swift average selling time of just 16 days—twice as fast as houses. With excellent road and rail connections, Nundah enjoys easy access to Brisbane Airport and the bustling Australia TradeCoast, Brisbane’s largest economic development precinct.

Petrie: current median price $750,000

Petrie has seen robust price growth averaging nearly 10% annually over the past decade, yet the median price remains in the $700,000s. The suburb’s appeal lies in its solid foundational infrastructure, notably its efficient rail connections to central Brisbane and proximity to the University of the Sunshine Coast campus. These factors contribute to extremely low vacancy rates, while properties in Petrie typically sell within just three weeks, reflecting strong demand in the local housing market.

Park Ridge: current median price $708,000

Park Ridge presents a compelling investment opportunity due to its strategic location and burgeoning development. Situated in Logan City, it offers a balance of affordability and growth potential within close proximity to Brisbane and the Gold Coast. The area benefits from ongoing infrastructure enhancements, including road expansions and improved amenities, which are enhancing its appeal to both residents and investors. With strong projected population growth and increasing demand for housing, Park Ridge promises favourable prospects for capital appreciation and rental yields in Queensland’s evolving property market. There are also many good options in Park Ridge for dual-income properties such as duplexes or Dual key for better cash flow!

Springfield: current median price $785,000

Springfield is a prime investment opportunity known for its master-planned community, comprehensive infrastructure, and vibrant economic outlook. Situated in Brisbane’s western corridor, it boasts top-notch amenities, excellent transport links, and ongoing development initiatives. With its university campus and a dedicated health precinct, Springfield offers a dynamic environment ideal for both residents and investors seeking sustainable growth in Queensland’s property market

Springwood: current median price $880,000

Located strategically in the south, Springwood has garnered significant popularity, with houses typically selling in just 19 days and units in 12 days on average. Its central position along the Pacific Motorway between Brisbane and the Gold Coast is pivotal, complemented by proximity to Griffith University, Logan Hospital, and expansive green spaces. This suburb is among a rising number where houses perform well, but the unit market shows even stronger performance trends.