Top 10 QLD Suburbs for families
child, game, family-3046494.jpg

A leafy Townsville suburb has been named the top spot for families in Queensland, beating million-dollar locales in the overheated southeast corner.

Offering the cheapest median house price of all of the 10 suburbs identified by Well Home Loans, Mysterton beat the million dollar-plus Ashgrove, Camp Hill and Bardon in Brisbane to take out the top spot.

It was followed by Mount Lofty in Toowoomba ($535,000), Speewah near Cairns ($649,000), Bonogin in the Gold Coast hinterland ($1.09 million) and Mount Cotton in Brisbane ($660,000).

MORE NEWS: Inside Brisbane’s record-smashing $12m mega-mansion

Another record tumbles in Qld’s hottest market

The major QLD region that is still a buyers market

This three bedroom Colonial-style house on a 1882sq m block at 6 Hammond St in Mysterton is for sale by EOI. It has a pool and huge backyard.


Well Home Loans CEO Scott Spencer said this family suburb ranking provides valuable information for families that are planning their next purchase.

“Families want to live in suburbs that have lots of other families to socialise with, a high

share of owner-occupiers to provide stability and good schools to educate their children,” he said.

“They also want to buy into suburbs that are likely to enjoy reasonable capital growth over

the long-term, even if it’s not necessarily market-beating growth.

“The 20 suburbs in this ranking are quite diverse in terms of price, ranging from reasonably

affordable to reasonably expensive. They’re also geographically diverse – 11 of the locations

are in Brisbane and another nine in regional markets.”

Marketed as “not just family friendly, this is family perfect, this Bardon house will go to auction with Ray White Paddington


To make the cut as a ‘family suburb’, researchers looked for suburbs which had a median price of between $200,000 and $1.5 million, a local population that consisted of at least 70 per cent owner-occupiers and at least 60 per cent family households, where freestanding houses were the dominant dwelling type, and for suburbs with an education and occupation score of at least six based on the Australian Bureau of Statistics’ Index of Education and Occupation (SEIFA).

Mysteron boasted the most affordable median house price of $415,000, while Bardon in Brisbane had the most expensive at $1.321 million.

On a 708sqm block, this three-bedroom Queenslander at 3 Townsend St in Mysterton sold for $445,000 in August


Owners in Mysterton also had a healthy average income of $1680, and a SEIFA score of 9.

Seventy-four per cent of the local population was also made up of family households, according to the research.

The other Brisbane suburbs that made the cut were Ferny Grove ($746,888), Forestdale ($900,000), Camp Hill ($1.065 million), Ashgrove ($1.3 million), Bardon ($1.321 million), Moggill ($675,000), Grange ($1.21 million), Lota ($770,000), Wishart ($912,000) and Carseldine ($745,000).

Outside of the Brisbane region, the other suburbs to make the top 20 included Forest Glen (Sunshine Coast), Gilston (Gold Coast), Clear Island Waters (Gold Coast), Ormeau Hills (Gold Coast) and Pacific Heights (Capricorn Coast).

This Clear Island Waters mansion sold for $2.78m in September


“While this ranking is really helpful, it’s not the only thing to consider when buying a home,” Mr Spencer said.

“You and your family should do your research and seek professional advice.”

Recently, CoreLogic’s latest Regional Market Update revealed that Townsville recorded the lowest annual growth in values for both houses and units off all of the 25 non capital-city property markets in Australia despite the garrison city posting a respectable 8 per cent rise in values.

Vendors were also more likely to offer a discount to secure a sale, on average around 4.5 per cent for houses and 5 per cent for units, according to the report.

But that is good news for buyers, who, unlike in some other hot markets, are still somewhat in the drivers seat.

Townsville boasts some of the most affordable median house prices in the country, ranging from $240,000 in Vincent to $1,052,500 in its most pricey suburb of Castle Hill.

But Terry Ryder of Hotspotting recently named Townsville as a town to watch for price growth in the coming year, with prices rising.

Ray White economist Nerida Conisbee said Townsville took a bit longer to get out of the property boom gate, but it offered many of the key features that favoured price growth.

“We look at 8 per cent now and think that’s low but a few years ago that would have been considered great growth,” she said.

“It is just that 8 per cent in the current market has been overshadowed by huge growth in other markets.”

But looking at the city’s prestige suburbs, Ms Conisbee said the median values offered incredible opportunities.

“Just look at Castle Hill,” she said. “Blacktown in Sydney has a median not far off that, so you get the worst in Sydney for roughly the same price as the best in Townsville.”

Nerida Conisbee


***

QLD’S Top 20 family housing markets right now

1 Mysterton $415,000

Average household weekly income $1,680

Owner-occupier share of local population 73%

Freestanding house share of local population 85%

Family household share of local population 74%

SEIFA education score 9

2 Mount Lofty $535,000

Average household weekly income $1,685

Owner-occupier share of local population 74%

Freestanding house share of local population 90%

Family household share of local population 71%

SEIFA education score 10

3 Speewah $649,000

Average household weekly income $1,271

Owner-occupier share of local population 89%

Freestanding house share of local population 97%

Family household share of local population 78%

SEIFA education score 6

4 Bonogin $1,090,000

Average household weekly income $2,198

Owner-occupier share of local population 92%

Freestanding house share of local population 99%

Family household share of local population 91%

SEIFA education score 8

5 Mount Cotton $660,000

Average household weekly income $2,239

Owner-occupier share of local population 83%

Freestanding house share of local population 100%

Family household share of local population 89%

SEIFA education score 8

6 Forest Glen $810,000

Average household weekly income $1,486

Median sale price $810,000

Owner-occupier share of local population 82%

Freestanding house share of local population 83%

Family household share of local population 82%

SEIFA education score 6

7 Gilston $840,000

Average household weekly income $1,987

Owner-occupier share of local population 79%

Freestanding house share of local population 97%

Family household share of local population 90%

SEIFA education score 6

8 Ferny Grove $746,888

Average household weekly income $1,977

Owner-occupier share of local population 77%

Freestanding house share of local population 88%

Family household share of local population 84%

SEIFA education score 9

9 Forestdale $900,000

Average household weekly income $2,273

Owner-occupier share of local population 94%

Freestanding house share of local population 100%

Family household share of local population 90%

SEIFA education score 8

10 Camp Hill $1,065,000

Average household weekly income $2,280

Owner-occupier share of local population 71%

Freestanding house share of local population 85%

Family household share of local population 75%

SEIFA education score 10

 

Reference:- https://www.realestate.com.au/

 

For any real estate need either Buying or Selling or Investing , contact me either via email or phone given below.

 

SANJAY AGARWAL

More
articles