Tired of the city grind? You’re not alone. Brisbane’s outer ring is experiencing a surge in popularity, fuelled by the allure of a “tree change.” But let’s be real – is remote work really the primary driver and how many people are still working from home? No doubt there are some, but many have also returned to the office or a hybrid model of the two.
As Brisbane home loan specialists, we’re diving deeper to understand the true factors reshaping where people choose to live – and how they finance their dream lifestyle.
What Defines Brisbane’s Outer Ring?
For the purposes of our discussion, we are defining the “outer ring” as suburbs located roughly 35-50km from the Brisbane CBD, dependant on the direction, encompassing areas like:
- North: Caboolture, Morayfield
- South: Loganholme, Beenleigh
- East: Russell Island, Macleay Island
- West: Ipswich area, Springfield Lakes
It’s important to acknowledge that there is not an exact and agreed-upon description of the “outer ring” by real estate experts.
Is Everyone Really “Flocking”?
While there’s no denying increased interest in Brisbane’s outer suburbs, the term “flocking” might be an exaggeration. While it is true that Brisbane’s market is seeing increased first-home buyers from both migration trends and internal movements, there are some additional elements to consider. There are no significant property report findings that indicate or prove any claims relating to increased demand specifically in the areas we have just described. Cities grow and expand; Brisbane is doing the same. Brisbane’s population has grown by more than 20% over the past decade, and is tipped to pass 3 million by 2028.
Beyond the Hype: Affordability, Lifestyle, and Opportunity
Let’s face it: for many, the move to Brisbane’s outer ring is less about a romantic “tree change” and more about practical realities. Affordability is a major driver:
- The Price Squeeze: Compared to Brisbane’s inner and middle rings, the outer suburbs offer a chance to own a decent-sized home on a decent-sized block without being saddled with crippling debt. As the document “First-Home-Buyers-Guide-Navigating-Brisbane-s-Hidden-Gem-Suburbs-Under-650K.docx” highlights, finding houses under $650,000 closer to the CBD is becoming increasingly challenging.
- First Home Buyer Focus: The lower price sector of Brisbane’s property market is buzzing with activity, particularly among first-home buyers. They’re actively seeking affordable options, even if it means sacrificing proximity to the city.
- Lifestyle Options: For some, it is about lifestyle. While the term “tree change” can be a bit cliché, the outer ring does offer a more relaxed pace of life, access to nature, and a strong sense of community.
What Does This Mean?
Outer-ring suburbs provide an opportunity for entering the market at a lower price and potential upside as these suburbs continue to develop.
Smart Moves: Financing Your Outer Ring Dream
Whether you’re chasing affordability or the perfect lifestyle, smart financial planning is key:
- Know Your Borrowing Power: Don’t just assume you can afford a particular suburb. A Brisbane Home Loans specialist can help you assess your borrowing capacity accurately.
- Tap Into First Home Buyer Perks: Take full advantage of grants, concessions, and guarantee schemes to reduce your upfront costs.
- Think Long-Term: Consider your future needs and financial goals when choosing a location and property type.
Ready to Make Your Move?
If you’re considering purchasing your first or your next home, it’s time to get informed and take action. A Brisbane Home Loans specialist can provide expert guidance and tailored solutions to help you achieve your property goals. Why not book a call with us now. (07) 3889 9250
