Top 10 Suburbs to Invest in Across BRISBANE: Reviewed and Ranked in 2024

Identifying the top suburbs to invest in across Brisbane is no easy feat. Choosing the wrong suburb could lead to slow market growth, low rental yields, and a lack of employment opportunities. After extensive research and analysis, I have created a well-founded guide to Brisbane’s best investment suburbs for 2024, based on a detailed scoring system.

10. Ferny Grove – Total Score: 69/100

Cassimaty Park in Ferny Grove, image by Andrew Owens

Ferny Grove is a leafy suburb with great amenities, but slightly lower market growth than other areas.

Scoring Criteria:

  • Market Growth: 6/10
  • Rental Yield: 7/10
  • Employment Opportunities: 6/10
  • Population Growth: 8/10
  • Quality of Schools: 7/10
  • Community and Lifestyle: 8/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 7/10
  • Local Amenities: 8/10
  • Rental Vacancy Rate: 6/10

Ferny Grove boasts excellent schools like Ferny Grove State High School, which has strong academic results and a vibrant extracurricular program.  The suburb has a strong community feel, with numerous parks and community events that foster a sense of belonging among residents.  With a reliable train station, Ferny Grove offers easy access to Brisbane’s CBD, making it convenient for professionals.  The suburb is well-served by shopping centres, cafes, and recreational facilities, ensuring residents have everything they need close by.

Compared to other suburbs, Ferny Grove has shown slower market growth, with property prices increasing by only 2% over the last year.  While there are some local job opportunities, many residents commute to the CBD, which may not appeal to everyone.  The median house price in Ferny Grove is higher than some other suburbs, which might limit potential capital gains.

Median prices for Wilston, QLD (4051), as of May 2024:

  • Houses – $1,431,826
  • Units – $540,000

House and unit data provided by, https://www.realestate.com.au/qld/wilston-4051/

Ferny Grove offers a balanced lifestyle with quality schools, strong community ties, and excellent local amenities. While market growth and employment opportunities could be better, the overall living experience and rental yields make it a viable investment option in 2024.

Interested in Ferny Grove?

9. Chermside – Total Score: 72/100

Downfall Creek Chermside, image by Ben Blanche

Chermside is known for its bustling commercial centres and strong rental yields, although it faces some challenges with population growth.

Scoring Criteria:

  • Market Growth: 7/10
  • Rental Yield: 8/10
  • Employment Opportunities: 8/10
  • Population Growth: 6/10
  • Quality of Schools: 7/10
  • Community and Lifestyle: 7/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 8/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 6/10

Chermside is home to one of Brisbane’s largest shopping centres, Westfield Chermside, providing ample retail and entertainment options.  The suburb boasts a high rental yield of around 5%, attracting investors looking for steady income.  With numerous businesses and healthcare facilities, including The Prince Charles Hospital, employment opportunities are robust.  Excellent bus services and proximity to major roads make commuting easy for residents.

The suburb has experienced moderate population growth, which might limit long-term capital appreciation.  Chermside’s median house price is relatively high, potentially deterring first-time investors. While bustling, Chermside’s busy commercial areas can detract from the suburban community feel that some investors seek.

Median prices for Chermside, QLD (4032), as of May 2024:

  • Houses – $936,000
  • Units – $510,000

House and unit data provided by, https://www.realestate.com.au/qld/chermside-4032/

Chermside offers strong rental yields and employment opportunities, with excellent amenities and transport links. While the population growth and median house price present challenges, its commercial vitality makes it a solid investment choice in 2024.

Interested in Chermside?

8. Carina – Total Score: 74/100

Playground Meadowlands Road Carina, image by John Macpherson

Carina provides a family-friendly environment with strong community values, though it has room for improvement in rental yield and market growth.

Scoring Criteria:

  • Market Growth: 7/10
  • Rental Yield: 7/10
  • Employment Opportunities: 7/10
  • Population Growth: 8/10
  • Quality of Schools: 8/10
  • Community and Lifestyle: 8/10
  • Median House Price: 7/10
  • Public Transport and Infrastructure: 7/10
  • Local Amenities: 8/10
  • Rental Vacancy Rate: 7/10

Carina is known for its strong community spirit, with local events and clubs that bring residents together.  The suburb is home to well-regarded schools such as St Martin’s Catholic Primary School.  Carina has seen consistent population growth, indicating a strong demand for housing.  The suburb is well-equipped with parks, shopping centres, and sports facilities, enhancing the quality of life for residents.

Carina has shown moderate market growth, with a property price increase of only 3% in the past year.  The rental yield in Carina is lower than some other suburbs, at around 4%.  While public transport is available, it is not as extensive as in other suburbs closer to the CBD.

Median prices for Carina, QLD (4152), as of May 2024:

  • Houses – $1,065,000
  • Units – $752,250

House and unit data provided by, https://www.realestate.com.au/qld/carina-4152/

Carina is a family-friendly suburb with a strong community feel, quality schools, and excellent local amenities. While market growth and rental yield could be better, its steady population growth and community spirit make it an attractive investment in 2024.

Interested in Carina?

7. Holland Park – Total Score: 75/100

Logan Rd Park in Holland Park, image by John MacPherson

Holland Park combines excellent schools and a vibrant community, though it faces challenges with median house prices and market growth.

Scoring Criteria:

  • Market Growth: 7/10
  • Rental Yield: 7/10
  • Employment Opportunities: 7/10
  • Population Growth: 8/10
  • Quality of Schools: 9/10
  • Community and Lifestyle: 8/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 7/10
  • Local Amenities: 8/10
  • Rental Vacancy Rate: 8/10

Holland Park has top-tier schools like Holland Park State High School, renowned for its academic excellence.  The suburb boasts a vibrant community with numerous parks and recreational activities.  With an increasing population, there is strong demand for housing in the area.  Holland Park offers a variety of cafes, shops, and healthcare facilities, making it convenient for residents.

The median house price in Holland Park is relatively high, which may be a barrier for some investors.  The suburb has experienced moderate market growth, with property prices rising by 4% over the last year.  While the suburb has good public transport links, it is not as extensive as some inner-city areas.

Median prices for Holland Park, QLD (4121), as of May 2024:

  • Houses – $1,296,500
  • Units – $590,000

House and unit data provided by, https://www.realestate.com.au/qld/holland-park-4121/

Holland Park stands out for its excellent schools, vibrant community, and strong local amenities. Although market growth and median house prices present challenges, its overall appeal and steady population growth make it a strong investment choice for 2024.

Interested in Holland Park?

6. Everton Park – Total Score: 77/100

White Street Everton Park, image by Andrew Owens

Everton Park offers a balanced lifestyle with strong rental yields and local amenities, but faces challenges with employment opportunities and market growth.

Scoring Criteria:

  • Market Growth: 7/10
  • Rental Yield: 8/10
  • Employment Opportunities: 6/10
  • Population Growth: 9/10
  • Quality of Schools: 7/10
  • Community and Lifestyle: 9/10
  • Median House Price: 7/10
  • Public Transport and Infrastructure: 7/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 8/10

Everton Park offers a high rental yield of around 5%, making it attractive for investors seeking steady income.  The suburb boasts excellent amenities, including shopping centres like Brookside Shopping Centre and various cafes and restaurants.  Everton Park has a strong community feel with numerous parks and recreational facilities.  The suburb has seen consistent population growth, indicating ongoing demand for housing.

Local employment opportunities are somewhat limited, with many residents commuting to the CBD.  Everton Park has shown moderate market growth, with property prices increasing by only 3% over the last year.  While the schools are good, they are not as highly ranked as those in some other suburbs.

Median prices for Wilston, QLD (4053), as of May 2024:

  • Houses – $993,000
  • Units – $605,000

House and unit data provided by, https://www.realestate.com.au/qld/everton-park-4053/

Everton Park provides a balanced lifestyle with high rental yields, excellent local amenities, and a strong community feel. Despite challenges in employment opportunities and market growth, its overall appeal makes it a solid investment choice for 2024.

Interested in Everton Park?

5. Mount Gravatt – Total Score: 78/100

Brisbane CBD from Mount Gravatt, image John MacPherson

Mount Gravatt combines strong market growth and excellent local amenities, though it faces challenges with median house prices and public transport.

Scoring Criteria:

  • Market Growth: 8/10
  • Rental Yield: 7/10
  • Employment Opportunities: 8/10
  • Population Growth: 8/10
  • Quality of Schools: 9/10
  • Community and Lifestyle: 9/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 7/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 7/10

Mount Gravatt has experienced strong market growth, with property prices rising by 6% over the last year.  The suburb offers excellent amenities, including the Mount Gravatt Lookout, Westfield Garden City, and numerous cafes and restaurants.  With proximity to Griffith University and various business hubs, employment opportunities are robust.  The suburb has seen consistent population growth, indicating strong demand for housing.

The median house price in Mount Gravatt is relatively high, potentially limiting capital gains.  While public transport is available, it is not as extensive as some inner-city suburbs.  The rental yield, while decent, is not as high as some other suburbs, at around 4.5%.

Median prices for Mount Gravatt, QLD (4122), as of May 2024:

  • Houses – $992,500
  • Units – $625,000

House and unit data provided by, https://www.realestate.com.au/qld/mount-gravatt-4122/

Mount Gravatt offers strong market growth, excellent local amenities, and robust employment opportunities. Despite challenges with median house prices and public transport, its overall appeal makes it a strong investment choice for 2024.

Interested in Mount Gravatt?

4. Indooroopilly – Total Score: 80/100

Townhouses in Indooroopilly, image by Kgbo

Indooroopilly stands out for its excellent schools and strong market growth, though it faces challenges with rental yields and median house prices.

Scoring Criteria:

  • Market Growth: 9/10
  • Rental Yield: 6/10
  • Employment Opportunities: 9/10
  • Population Growth: 8/10
  • Quality of Schools: 9/10
  • Community and Lifestyle: 9/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 8/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 7/10

Indooroopilly boasts some of Brisbane’s best schools, including Indooroopilly State High School and St Peters Lutheran College.  The suburb is close to major employment hubs, including the University of Queensland and various business centres.  Indooroopilly has shown strong market growth, with property prices rising by 5% over the last year.  The suburb offers excellent amenities, including Indooroopilly Shopping Centre, various cafes, and recreational facilities.

The median house price in Indooroopilly is relatively high, which may be a barrier for some investors.  The rental yield in Indooroopilly is lower than some other suburbs, at around 4%.  While the suburb has good public transport links, it is not as extensive as some inner-city areas.

Median prices for Indooroopilly, QLD (4068), as of May 2024:

  • Houses – $1,520,000
  • Units – $630,000

House and unit data provided by, https://www.realestate.com.au/qld/indooroopilly-4068/

Indooroopilly offers excellent schools, strong market growth, and robust employment opportunities. While challenges exist with median house prices and rental yields, its overall appeal and strong local amenities make it a top investment choice for 2024.

Interested in Indooroopilly?

3. New Farm – Total Score: 83/100

Brisbane CBD seen from New Farm Park, image by Kgbo

New Farm combines a vibrant community and excellent local amenities, though it faces challenges with market growth and median house prices.

Scoring Criteria:

  • Market Growth: 8/10
  • Rental Yield: 8/10
  • Employment Opportunities: 9/10
  • Population Growth: 10/10
  • Quality of Schools: 8/10
  • Community and Lifestyle: 9/10
  • Median House Price: 4/10
  • Public Transport and Infrastructure: 10/10
  • Local Amenities: 10/10
  • Rental Vacancy Rate: 7/10

New Farm is known for its vibrant community and excellent lifestyle, with numerous cafes, restaurants, and cultural events.  The suburb offers outstanding amenities, including New Farm Park and various shopping centres.  With its proximity to Brisbane’s CBD, employment opportunities are plentiful. New Farm boasts a high rental yield of around 5%, making it attractive for investors seeking steady income.

New Farm has shown moderate market growth, with property prices increasing by only 3% over the last year.  The median house price in New Farm is relatively high, which may limit potential capital gains.  While the population growth is steady, it is not as high as some emerging suburbs.

Median prices for New Farm, QLD (4005), as of May 2024:

  • Houses – $2,900,000
  • Units – $792,500

House and unit data provided by, https://www.realestate.com.au/qld/new-farm-4005/

New Farm offers a vibrant community, excellent local amenities, and strong employment opportunities. Despite challenges with market growth and median house prices, its overall appeal makes it a top investment choice for 2024.

Interested in New Farm?

2. Taringa – Total Score: 84/100

Skyline of Brisbane CBD, from Taringa, image by Kgbo

Taringa combines strong market growth and excellent local amenities, though it faces challenges with rental yields and median house prices.

Scoring Criteria:

  • Market Growth: 9/10
  • Rental Yield: 8/10
  • Employment Opportunities: 9/10
  • Population Growth: 8/10
  • Quality of Schools: 9/10
  • Community and Lifestyle: 8/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 9/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 9/10

Taringa has experienced strong market growth, with property prices rising by 6% over the last year.  The suburb offers excellent amenities, including various cafes, restaurants, and recreational facilities.  With proximity to major employment hubs, including the University of Queensland, employment opportunities are robust.  Taringa has excellent public transport links, making it convenient for residents to commute.

The median house price in Taringa is relatively high, which may be a barrier for some investors.  The rental yield in Taringa is decent but not the highest, at around 4.5%.  While the population growth is steady, it is not as high as some emerging suburbs.

Median prices for Taringa, QLD (4068), as of May 2024:

  • Houses – $1,595,000
  • Units – $625,000

House and unit data provided by, https://www.realestate.com.au/qld/taringa-4068/

Taringa offers strong market growth, excellent local amenities, and robust employment opportunities. Despite challenges with median house prices and rental yields, its overall appeal makes it a top investment choice for 2024.

Interested in Taringa?

1. Wilston – Total Score: 85/100

Watson Street at Wilston, image by Kgbo

Wilston stands out for its excellent schools, strong market growth, and vibrant community, though it faces challenges with rental yields and median house prices.

Scoring Criteria:

  • Market Growth: 9/10
  • Rental Yield: 8/10
  • Employment Opportunities: 9/10
  • Population Growth: 9/10
  • Quality of Schools: 9/10
  • Community and Lifestyle: 9/10
  • Median House Price: 6/10
  • Public Transport and Infrastructure: 9/10
  • Local Amenities: 9/10
  • Rental Vacancy Rate: 8/10

Wilston boasts some of Brisbane’s best schools, including Wilston State School and St Columba’s Primary School.  Wilston has shown strong market growth, with property prices rising by 7% over the last year.  The suburb has a vibrant community with numerous cafes, restaurants, and cultural events.  Wilston has excellent public transport links, making it convenient for residents to commute.

The median house price in Wilston is relatively high, which may be a barrier for some investors.  The rental yield in Wilston is decent but not the highest, at around 4.5%.  While employment opportunities are strong, many residents still commute to the CBD for work.

Median prices for Wilston, QLD (4051), as of May 2024:

  • Houses – $1,431,826
  • Units – $540,000

House and unit data provided by, https://www.realestate.com.au/qld/wilston-4051/

Wilston offers excellent schools, strong market growth, and a vibrant community. Despite challenges with median house prices and rental yields, its overall appeal and excellent amenities make it the top investment choice for 2024.

Interested in Wilston?

How I Scored Each Suburb

In this section, you will learn the criteria used to score each suburb and understand why these metrics are crucial for evaluating investment potential.

Market Growth

Market growth measures the increase in property values over time. This criterion is important because it indicates the potential for capital gains and overall investment returns.  A suburb with stagnant property prices or declining market trends, such as Redbank Plains, which has seen minimal price appreciation in recent years.  A suburb with rapidly increasing property values, such as Bulimba, which has experienced significant price growth due to high demand and development.

Rental Yield

Rental yield represents the return on investment from rental income. High rental yields are vital for investors seeking steady income streams. A suburb with low rental returns relative to property prices, like Birkdale, where rental yields are below 3%.  A suburb with high rental yields, such as Salisbury, offering yields above 5.5%, making it attractive for investors.

Employment Opportunities

This criterion assesses the availability of local jobs and proximity to employment hubs. It is crucial as it affects tenant demand and property occupancy rates.  A suburb with limited local employment options and far from major job centres, such as Bellbowrie.  A suburb with abundant employment opportunities, like Fortitude Valley, close to numerous businesses and commercial areas.

Population Growth

Population growth indicates increasing demand for housing and the potential for future price appreciation. High population growth can drive market dynamics positively.  A suburb with stagnant or declining population, such as Dinmore.  A suburb experiencing rapid population growth, like Calamvale, where new developments and an influx of residents boost demand for housing.

Quality of Schools

Quality of schools evaluates the educational institutions available in the suburb. Good schools attract families, enhancing the suburb’s desirability.  A suburb with poorly rated schools, such as Inala.  A suburb with top-tier educational institutions, like St Lucia, home to prestigious schools and universities.

Community and Lifestyle

This criterion looks at the overall livability, community spirit, and lifestyle offerings. A vibrant community can enhance the appeal of a suburb.  A suburb with limited community activities and amenities, such as Wacol.  A suburb with a strong community feel and ample lifestyle options, like Paddington, known for its cafes, markets, and events.

Median House Price

Median house price is an important metric for affordability and investment potential. It influences the entry point for investors.  A suburb with prohibitively high median house prices, such as Hamilton.  A suburb with affordable median house prices, like Acacia Ridge, offering good value for money.

Public Transport and Infrastructure

This criterion assesses the availability and quality of public transport and infrastructure. Good transport links are essential for accessibility and convenience.  A suburb with poor public transport options, such as Karana Downs.  A suburb with excellent public transport and infrastructure, like South Brisbane, well-connected by buses, trains, and ferries.

Local Amenities

Local amenities include shopping centres, healthcare, recreational facilities, and other essential services. These amenities enhance the quality of life and attractiveness of the suburb.  A suburb with limited amenities, such as Archerfield.  A suburb with a wealth of amenities, like Carindale, home to major shopping centres and numerous recreational facilities.

Rental Vacancy Rate

Rental vacancy rate measures the proportion of vacant rental properties. A low vacancy rate indicates strong rental demand.  A suburb with high rental vacancy rates, such as Moorooka.  A suburb with very low vacancy rates, like Kangaroo Point, indicating strong demand and quick turnover of rental properties.

My Research: Combining Data and Local Insights

Creating this comprehensive guide to Brisbane’s top investment suburbs for 2024 involved extensive research and on-the-ground insights. My journey took me through numerous neighbourhoods, each with its unique charm and challenges. By blending quantitative data with qualitative experiences, I was able to provide a well-rounded evaluation of each suburb.

To gather the necessary data, I delved into property market reports from CoreLogic, Domain, and realestate.com.au. These sources provided invaluable information on market growth, rental yields, and median house prices. Additionally, I analysed census data and local council reports to understand population growth and employment opportunities. By cross-referencing these statistics with real-time market trends, I ensured that my recommendations were based on the most current and accurate information.

Beyond the numbers, I spent time in each suburb, speaking with residents and local business owners to get a feel for the community and lifestyle. For instance, in Wilston, I enjoyed a latte at Dandelion & Driftwood, a popular café known for its friendly atmosphere and excellent coffee. Similarly, a stroll through the leafy streets of Ferny Grove revealed the suburb’s family-friendly vibe, highlighted by local parks filled with children playing and parents socialising.

I also referenced articles and news reports from trusted publications such as The Courier-Mail and Brisbane Times, which offered insights into local developments and infrastructure projects. Visiting suburbs like Indooroopilly and seeing the bustling Indooroopilly Shopping Centre first-hand, or experiencing the cultural vibrancy of New Farm with its trendy eateries like New Farm Deli, helped me understand the local amenities and community spirit that statistics alone can’t capture.

Combining these diverse sources of information allowed me to rank each suburb effectively. By integrating hard data with personal experiences and local insights, I aimed to provide a holistic view of Brisbane’s best investment opportunities. 

In Conclusion

Investing in Brisbane’s property market can be a rewarding endeavour, especially when choosing suburbs with strong growth potential and desirable living conditions. Here’s a recap of the top 10 suburbs to invest in across Brisbane for 2024:

  1. Wilston – Total Score: 85/100
  2. Taringa – Total Score: 84/100
  3. New Farm – Total Score: 83/100
  4. Indooroopilly – Total Score: 80/100
  5. Mount Gravatt – Total Score: 78/100
  6. Everton Park – Total Score: 77/100
  7. Holland Park – Total Score: 75/100
  8. Carina – Total Score: 74/100
  9. Chermside – Total Score: 72/100
  10. Ferny Grove – Total Score: 69/100

Each of these suburbs offers a unique blend of market growth, rental yields, employment opportunities, and quality of life, making them excellent choices for property investment. Whether you’re seeking strong community vibes, excellent schools, or vibrant local amenities, these suburbs have something to offer. Wilston leads the pack with its outstanding schools, robust market growth, and vibrant community, making it an excellent choice for families and investors alike. Taringa follows closely, offering strong market growth and excellent local amenities, while New Farm stands out for its vibrant community and high rental yields. Indooroopilly and Mount Gravatt are also top contenders, combining strong market growth with a plethora of local amenities and employment opportunities. Everton Park and Holland Park offer a balanced lifestyle with high rental yields and strong community ties, making them appealing for investors seeking steady income and long-term growth. Carina and Chermside provide a family-friendly environment and strong rental yields, respectively, while Ferny Grove rounds out the list with its leafy charm and excellent local amenities, despite slightly lower market growth.

Investing in these suburbs can provide substantial returns, but it’s crucial to consider your individual needs and goals.For those new to the property market or seeking expert guidance, enlisting the services of a buyer’s agent can be invaluable. A professional residential buyer’s agent can provide tailored advice, navigate the complexities of the market, and help you find a property that meets your specific criteria. With their expertise, you can make a well-informed investment decision and secure a property that offers both financial and lifestyle benefits. In conclusion, Brisbane’s property market offers diverse and lucrative investment opportunities in 2024. By considering factors such as market growth, rental yields, and quality of life, you can make a smart investment that aligns with your goals.

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