What are the most affordable and liveable suburbs for first-home buyers in Brisbane?
In Sydney, Miranda, Peakhurst and Riverwood made a ranking of the most affordable and liveable suburbs by PRD.Suburbs had to have amenities nearby, a good jobs market and healthy rental yields to make the cut.The most affordable and liveable suburbs for first home buyers have been revealed, in a new report that considers price growth, local amenities and attractiveness to investors.
PRD Real Estate chief economist Dr Diaswati Mardiasmo said some first home buyers might get a chance to purchase now the market has started to slow and government assistance is on offer, and highlighted “diamond in the rough” neighbourhoods that buyers may have overlooked. For buyers looking further afield, on the Gold Coast, the report suggested Oxenford, Carrara and Mudgeeraba; in Brisbane, Tingalpa, Geebung and Lota; and in Hobart, Warrane, Mornington and Clarendon Vale.Mardiasmo warned buyers in the market that rising interest rates could reduce their borrowing capacity, pushing down property prices but also reducing how much they can bid at auction.
“There is definitely a trend where prices are coming back, they’re levelling off - certainly a good opportunity for first home buyers to get into the market now,” he said.
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