These five houses in Brisbane provide a perfect base for the budding architect, the perfectionist, or the experienced renovator—plus, their reasonable price tag means you can splurge on the details that matter to you.
From sprawling brick homes to dainty cottages, these houses are begging for an inspired homeowner to give them a new lease of life.
34 Kanturk Street, Ferny Grove 4055
Price: Offers over $495,000
3 bed, 1 bath, 1 car
Agent: Coronis Arana Hills 07 3351 5151, Tamika Kent, Sam Scott
This good-sized 597 square metre property is in a great spot, close to three local schools, convenient nearby shops and a local train station.
The mid-’70s brick house is a sturdy foundation for renovators, while its timber floors, mountain views, French doors and a concrete patio offer some well-placed features to integrate into a new design.
What makes the property particularly attractive is its established greenery and spacious garden, just waiting for an experienced hand to landscape it into a tropical oasis.
104 West Avenue, Wynnum 4178
Price: Offers over $475,000
4 bed, 2 bath, 3 car
Agent: RE/MAX Executives, Matthew Griffiths 0420 308 199
This four bedroom home is positioned right at the front of the block, so it offers the opportunity to either expand the existing house or add a second property (or granny flat) behind.
With bright, light-filled living spaces and a rustic, country-homestead feel, the house could be easily transformed into a modern but comfortable family base.
Conveniently, it’s just a short walk from bus stops, a train station and Wynnum’s shopping and business district, and there are seven schools within three kilometres of this well-placed property.
A huge garage and storage area underneath the house could make for a sprawling entertainment area or a self-contained living space, not to mention there’s more than enough room for an in-ground pool at the rear of the property.
27 Lawson Street, Oxley 4075
Price: $460,000+
3 bed, 1 bath, 1 car
Agent: Ray White Sherwood,
This three bedroom home in the rapidly-growing suburb of Oxley has a secret: it may look rustic from afar, but inside, it’s actually a partly-renovated clean slate.
Set on a generous parcel of north-facing land, there’s plenty of space to build a granny flat, landscaped garden, children’s play area, pool or anything else that takes your fancy.
Agent Doug May said it would be easy to add value to the home.
“It would be fairly aesthetic renovation, it wouldn’t take too much to lift it completely,” he said.
“It’s a good sized block and we’re seeing more and more sub-divisions happening in the area, so it’s definitely a huge opportunity to get a larger parcel of land in a very much up-and-coming area.
“We’ve seen more and more demand for the need for dual living capacities, whether it be for an elderly parent or a teenager, and there’s certainly plenty of potential and scope there to have an additional living setup.
“I think it’s a great opportunity for someone to get into the market and put their stamp on a property and I think they’ll do very very well there, over the short- and long-term.”
Units for sale Brisbane under $500 000
2/42 Booligal Street, Carina 4152
Price: $399,000+
2 bed, 1 bath, 2 car
Agent: Realty8, Royden Juriansz 0478 677 044
This low-set villa-style home is spacious and well-maintained, perfect for renting or renovating as you see fit.
With large bedrooms, plenty of storage and a renovated kitchen and bathrooms, it offers a comfortable base with plenty of options to decorate and modernise in your own time.
It would also make a neat addition to an investment portfolio, just seven kilometres from the CBD and two kilometres from Carindale’s Westfield shopping centre.
The home’s charming outdoor courtyard would only need some homey furnishings to make it a perfect entertaining space.
5 Yallambee Road, Jindalee 4075
Price: Offers over $450,000
3 bed, 1 bath, 1 car
Agent: Innovation Real Estate, Jan Laing and Alan Peters 0411 427 452
This home’s lofty elevation and established greenery make it ripe for a revamp.
With a neat floor plan and the addition of a sunroom for entertaining, a lick of paint and some modernised appliances could work wonders for this bright, sunny house.
Agent Jan Laing said the home’s “unbelievable” price made it the perfect base for renovation.
“It’s got good bones, it’s an older home with some quite nice features to it,” she said.
“It’s a terrific position in the sense that it’s very close to shops, transport, you can walk to primary school, walk to high school, bowls club across the road, shops just behind you, pool two doors down — it’s got a lot going for it.
“It’s something that I don’t think would cost a lot of money to renovate to make it something very special and somebody could have a lovely home out of it.”
Houses for Sale in Brisbane Under $500,000
Brisbane stands out as a gem in Australia’s real estate market due to its attractive blend of affordability and lifestyle benefits, drawing buyers with its far more reasonable property prices than Sydney or Melbourne. No wonder Brisbane has become such a hotspot among property seekers!
Brisbane Is an Attractive Property Market
Renowned for its liveability, affordability, and job prospects, Brisbane’s real estate market is flourishing. A surge in interstate migration is contributing to rising demand as people seek better lifestyles at more reasonable mortgages—a trend particularly evident in Brisbane, the Gold Coast, and the Sunshine Coast due to ongoing developments and improvements.
Brisbane houses are significantly more affordable compared to their southern counterparts. The median house price stands at (in December 2023) $860,465, registering only a 10.7% increase; over the last year. By contrast, Sydney and Melbourne have experienced rapid expansion, making Brisbane’s more stable market more appealing.
Mortgage rates have risen, adding further appeal to Brisbane’s market. More suburbs now make buying cheaper than renting; specifically there are now 69 suburbs where it makes financial sense to own rather than rent; this trend has increased substantially since June 2019.
Experts predict a tipping point where Brisbane will outpace other Australian cities in growth by an estimated 3-5% in 2024.
Analysis of Property Prices in Brisbane
Brisbane’s real estate prices have experienced steady appreciation since March 2020; house weekly asking prices now average an impressive $860,465 compared to $655,239 in 2020 and $511,090 as recently as May 2015. Unit prices, on the other hand, have shown less dramatic increases, currently sitting at an average asking price of around $545,355 as opposed to $362550 back in March 2020.
Brisbane Is A Treasure Chest For Real Estate
It’s Attracting Buyers With Under $500,000 Properties
Here is our showcase of key properties under the $500,000 mark:
1. Cannon Hill Apartment: Situated just six kilometres from Melbourne’s Central Business District (CBD), this elegant two-bedroom, two-bathroom apartment is listed for over $429,000. Boasting an open-plan modern kitchen, air conditioning, and skyline views from its balcony, this property is perfect as either an Airbnb property or a rental. Its proximity to cafes and shopping centres makes it an attractive pick for city dwellers.
2. Bulimba Resort-Style Unit: For less than $390,000, this modern apartment in one of Brisbane’s hottest areas features timber floors and Smeg appliances, as well as an amazing balcony that overlooks a lap pool. At just under the median apartment price in Bulimba (of $650,000), this is an absolute bargain—just minutes away from cafes and transport links!
3. Algester Family Home: Priced between $439,000 and $469,000, this three-bedroom Algester home combines affordability with family-friendly features like open-plan living, air conditioning, and a spacious deck for optimal family living. It’s also within close proximity to schools and parks for added convenience.
4. Edens Landing Renovated House: Edens Landing offers an attractive four-bedroom refurbished house for around $400,000 that features a modern kitchen, renovated bathrooms, timber flooring, and an ample backyard, making it the ideal family home close to schools and transport.
5. Crestmead Entertainer’s Home: For over $399,000, Crestmead presents an eco-friendly four-bedroom family home featuring a spacious outdoor area, solar power, and water tanks—close to amenities and one of Australia’s fastest-growing markets.
Focus on Emerging Suburbs in Brisbane
The Brisbane suburbs are varied and attractive to both homebuyers and investors, making them worthy of consideration. Here are a few to keep in mind:.
1. Logan Central: Logan Central is one of the most affordable suburbs, boasting houses under $300,000 and units at even cheaper prices, boasting rental yields of 5.8% for houses and 8.8% for units, respectively. The average house rent is currently $383 per week in this suburb.
2. Beenleigh: Median house prices stand at $337,000, while units average $198,000. Despite recent price declines, Beenleigh’s market remains poised for recovery, offering strong capital gains potential and positive rental returns.
3. Acacia Ridge: 16 km away from the CBD, this suburb boasts a median house price of $393,000. Residents enjoy its location, amenities, and 4.9% rental yields.
4. Mount Warren Park: Near Beenleigh, this suburb features houses with median house prices of $406,000 and units at $230,000—both affordable housing options with excellent amenities and strong unit market growth potential. It has earned widespread praise from its residents due to its liveability and amenities, as well as significant unit market growth potential.
5. Strathpine: Houses here have median prices of $445,000, while units average $266,000. Strathpine offers excellent rental yields and has become one of the most desired neighbourhoods in north Brisbane.
6. Deagon: With a median house price of just under $485k, Deagon is a hidden gem with a median house price of $485,000 and affordable housing costs that make it a top pick among those searching for lifestyle and value in one package.
7. Alexandra Hills: Situated close to Cleveland and Carindale shopping centres, Alexandra Hills boasts a coastal ambience with median home prices averaging $485,000. A family-friendly area, Alexandra Hills boasts strong rental yields of 5% per annum for rental returns.
Comparative Analysis of Brisbane Property Types
Brisbane’s real estate market is diverse, offering both houses and apartments. Houses tend to experience stronger value growth compared to units; however, units provide more affordable entry points into the property market, making them ideal for first-time buyers or those interested in city living.
Brisbane’s diverse property market allows buyers to tailor their search according to lifestyle preferences and investment goals, whether that means searching for family homes in suburban settings or trendy apartments close to urban amenities—no matter your lifestyle needs and budget! Brisbane caters for everyone’s real estate needs!
Brisbane Real Estate Investment Opportunities
Brisbane offers investors excellent investment prospects. With prices lower than in major southern cities, now may be an opportune time to consider Brisbane for real estate purchases. Here’s why:
Affordable Investment Entry
Brisbane provides an attractive entry point to property investment, with median house prices considerably lower than those in Sydney or Melbourne. This accessibility has drawn in an abundance of investors, both local and interstate.
Brisbane Is an Attractive Market with Potential for Growth
Over time, Brisbane has experienced steady economic development without experiencing sudden ups and downs like other cities have experienced. Coupled with an estimated potential growth rate of 3-5% as predicted by experts, Brisbane is an appealing investment market for long-term investments.
Attractive Rental Yields
Brisbane boasts several suburbs that offer attractive rental yields, making them perfect for investors seeking to generate steady returns from their property investments.
Brisbane Offers Diverse Investment Options
From family homes in emerging suburbs to modern units in the city, its diverse property types provide options that meet varying investment strategies.
Q: Where are the best suburbs in Brisbane to find affordable housing options?
A. Logan Central, Beenleigh, Acacia Ridge and Mount Warren Park offer some of the most cost-effective real estate in Brisbane with high rental yields and potential capital growth potential.
Q: What is the average price growth in Brisbane’s real estate market?
A: Brisbane’s property market has experienced steady expansion with an expected average growth rate between 3-5% over the coming years.
Q: Why is Brisbane attractive as an investment location?
A: Reasons include its affordable housing market compared to other major cities, growth potential in its stable markets, high rental yields and selection of properties to suit various investment strategies.
Brisbane’s real estate market under $500,000 is alive and well, offering choices for both buyers and investors alike. From family homes to modern units to investment properties, the combination of affordability, diversity, and growth potential provides plenty of opportunity for both those wanting to purchase and those wanting to rent. Now is an excellent time to discover all that Brisbane can offer you!