Top Investment Property Suburbs in Brisbane for 2023

Brisbane property investment

Are you considering property investment in Brisbane? With its diverse and sprawling landscape, Queensland’s capital might seem daunting for investors. To simplify your decision-making process, we present the premier Brisbane suburbs for investment in 2023.

This guide unveils the standout River City neighbourhoods we’re spotlighting, along with essential insights for informed investing. Discover the criteria that set apart these top-notch Brisbane suburbs for the year ahead.

Key Factors that Distinguish Prime Investment Suburbs While there’s no fail-safe formula and all investments carry an element of risk, certain common indicators signal a suburb’s potential for future growth and demand:

  • Convenient access to public transport, particularly train lines
  • High-quality educational institutions
  • Abundant green spaces and parks
  • Proximity to essential amenities like shopping centers and hospitals

Here are the top ten Brisbane suburbs capturing our attention for 2023;

SuburbMedian house priceMedian rental yield
Chermside West$910,0003.44%
Kelvin Grove$1,252,5002.91%
Fig Tree Pocket$1,640,0003.0%

These suburbs were chosen based on their potential for growth, demand, and value for money. They are all located in desirable areas with good schools, amenities, and transport links.

The rental yields for these suburbs are also attractive, meaning that investors can expect to earn a good return on their investment.

It is important to note that these are just a few of the many great suburbs to invest in Brisbane. Ultimately, the best suburb for you will depend on your individual circumstances and investment goals.

Here are some additional factors to consider when choosing a suburb to invest in Brisbane:

  • Job growth: Look for suburbs with strong job growth potential. This will ensure that there is a demand for rental properties in the area.
  • Population growth: A growing population also means a growing demand for housing.
  • Infrastructure: Make sure the suburb has good schools, hospitals, and other amenities. These will make it more attractive to renters and homeowners alike.
  • Transport links: Good transport links will make it easier for tenants to get around, which will make your property more desirable.
  • Value for money: Consider the overall value for money in the suburb. This includes the median house price, rental yields, and other factors.

By considering these factors, you can increase your chances of choosing a good investment property in Brisbane.

Explore each of these suburbs further to gain a deeper understanding of their potential investment value in the Brisbane area.

1. Ascot Renowned for its proximity to key employment hubs—the CBD and airport—Ascot ranks high on demand charts. Leafy parklands and comprehensive facilities contribute to its desirability. Ascot also offers a relatively secure investment option for potential future sales.

  • Population: 5,787
  • Median House Price: $2,400,000
  • Median Rental Yield: 2.8%

2. Paddington Having evolved from its humble origins into a trendy and affluent hotspot, Paddington charms with its array of eateries, cafes, and convenient CBD access. Its appeal extends to social and entertainment amenities, making it a sought-after destination.

  • Population: 9,965
  • Median House Price: $1,965,000
  • Median Rental Yield: 2.3%

3. Ashgrove A cozy and inviting suburb just 4 kilometers from Brisbane, Ashgrove caters to families and couples alike. Strong demand from both buyers and renters characterizes this inner-city gem.

  • Population: 13,039
  • Median House Price: $1,475,000
  • Median Rental Yield: 2.7%

4. Bardon Situated at the base of Mount Coo-tha, Bardon offers a balance between leafy serenity and city accessibility. Popular with families and professionals, its connection to nature is a standout feature.

  • Population: 9,500
  • Median House Price: $1,723,000
  • Median Rental Yield: 2.57%

5. Auchenflower Catering to young couples and professionals, Auchenflower’s appeal lies in its proximity to the city and extensive public transport options. This factor makes it particularly attractive to potential tenants.

  • Population: 5,877
  • Median House Price: $1,600,000
  • Median Rental Yield: 2.46%

6. Stafford With its strategic location near various amenities, schools, and shopping centers, Stafford presents an array of benefits to potential investors. However, the absence of train services and high demand may pose challenges.

  • Population: 6,581
  • Median House Price: $940,000
  • Median Rental Yield: 2.90%

7. Chermside West Situated on Brisbane’s Northside, Chermside West offers an appealing option for those seeking investments in outer suburbs. The presence of the Westfield shopping center, hospitals, and educational facilities enhances its investment appeal.

  • Population: 6,458
  • Median House Price: $910,000
  • Median Rental Yield: 3.44%

8. Kelvin Grove Benefitting from its proximity to the CBD and the Queensland University of Technology (QUT), Kelvin Grove holds promise for growth potential. However, renting to students can pose certain challenges.

  • Population: 7,927
  • Median House Price: $1,252,500
  • Median Rental Yield: 2.91%

9. Fig Tree Pocket Embracing a rural ambiance while maintaining accessibility to the city, Fig Tree Pocket offers a retreat-like atmosphere. Despite its natural charm, limited shopping facilities and public transport options are points to consider.

  • Population: 4,045
  • Median House Price: $1,640,000
  • Median Rental Yield: 3.0%

10. Salisbury A more affordable option for Brisbane investors, Salisbury’s strong demand for rentals and promising yield make it an attractive choice. However, property availability and quality can vary significantly.

  • Population: 8,207
  • Median House Price: $960,000
  • Median Rental Yield: 3.6%

Investment Prospects and Considerations Investing in Brisbane’s property market holds promise but also involves inherent risks. Weigh the potential rewards and challenges:


  • Favorable pricing compared to Sydney and Melbourne
  • Reliable long-term investment potential
  • Steady income stream through rentals
  • Access to tax benefits
  • Diversification for investment portfolios


  • Possibility of challenging tenants or vacancies
  • Higher entry costs relative to other investments
  • Variable property value growth
  • Limited liquidity

Choosing the Right Investment Property in Brisbane Finding the perfect investment property necessitates thorough research and self-awareness:

  1. Define Investment Goals: Determine whether you aim to reside in the property temporarily and then sell or if you’re focused on rental income.
  2. Assess Budget: Gain a clear understanding of your financial capacity, encompassing property cost and ongoing expenses.
  3. Factor in Costs: Prepare for both immediate and ongoing costs, including mortgage payments, maintenance, insurance, and more.
  4. Track Local Trends: Stay updated on market dynamics and timing for optimal buying and selling decisions.
  5. Engage Professionals: Partner with seasoned Brisbane real estate experts to make informed choices.

If you’re ready to venture into investment, explore our available properties agents in Brisbane.

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