In Australia’s capital cities, where the majority of us live, the closer you are to the water – be it lake, river, or ideally harbour or beach – property prices increase.
In Brisbane, there is only one area that is both close to the CBD and offers the same kind of true coastal experience akin to Sydney’s eastern or northern suburbs. Less than 15km out of the city in Brisbane’s eastern suburbs, the hidden coastal area of Wynnum offers coveted bayside living and is a sleeping giant when it comes to “waterside potential” for capital growth.
Attracting new residents
The Wynnum area is attracting an increasing number of residents drawn to the relaxed coastal vibe and many urban conveniences.
“My husband and I will be settling down here to raise our family,” says resident Lisa Williams. “It’s a gorgeous part of the world and has a relaxed, community vibe which we love.”
As busy professionals, access to the city and airport was a key factor for Lisa and her husband. Wynnum delivers. “The commute to both Brisbane City or the Gold Coast a breeze. It’s a quick 20-minute drive over to the airport gateway. And there are great public transport options with an express train to the City from Manly station.”
Brisbane property tipped for growth
Brisbane has been tipped by analysts, such as BIS Oxford Economics, to be the next up-and-coming market, with many investors across the country looking to add this city to their portfolio. Those chasing higher capital gains snap up properties located close to the coast, knowing that over time these properties traditionally outperform those in-land in terms of price growth. However, these properties also tend to be very expensive – forcing many buyers to purchase further out.
The most affordable entry point for any coastal area is likely an apartment, however, in Brisbane’s eastern suburbs it’s still possible to pick up a property with higher land content – such as a new townhouse – at an affordable price.