Clayfield Among the Most Affordable Suburbs Close to the CBD

Photo Credit: Google Earth

Prospective property buyers looking for an affordable house or unit, but who want to stay as close as possible to the CBD, have a lot of options even from suburbs just under 10 kilometres such as Clayfield, latest data from Domain suggests.

Just about 7 kilometres from the city, Clayfield offers affordable units which has seen its unit median prices dropping by 8.90 percent in the past three years, according to homesales.com.au data as of May 2018. The median unit sale price in Clayfield is $382,500, the Domain report said.

Latest data from realestate.com.au, on the other hand, shows that the median price for units in Clayfield is $380,000, lower than Queensland’s median price of $385,000. Renting makes up the majority of property ownership in Clayfield or about 47%, Domain suburb profile said. However, renting is still less expensive with a median unit rental price per week of $345, compared to the Qld average of $370.




Photo Credit: J Brew [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]

Among the suburbs within the 10 kilometres radius from the CBD, Keperra offers the most affordable house with median price of $541,500 whilst Milton offers has the lowest-priced units with a median price of $363,750, according to Domain Group’s list of affordable suburbs by proximity to the city.



Affordable Suburbs Under 10 Kilometres from Brisbane CBD, according to Domain Group
Suburb for UnitsMedian Sale Price
Milton$363,750
Moorooka$367,500
Clayfield$382,500
Everton Park$390,000
Fortitude Valley$391,000
Suburb for HousesMedian Sale Price
Keperra$541,500
Chermside$580,000
Everton Park$590,000
Chermside West$591,000
Stafford Heights$602,500

Analysts believe that now is a good time to buy in these bargain suburbs closest to the CBD, considering that these areas are already primed for growth, however, recovery on units market may take some time since units are not considered as primary choice among buyers.