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Property investors may be interested to know that suburbs in Greater Brisbane are becoming hot spots for financiers.
The area of Moreton Bay has come out at the top of the Real Estate of Queensland's (REIQ) June quarter report.
Median house price growth in Moreton Bay rose to 5.3 per cent, which has resulted in an increase to $379,000.
Townsville's house prices have also risen by 4.2 per cent over the June quarter to $375,000.
REIQ chairman Pamela Bennett said interest in Townsville is continuing due to its growing economy and a range of industries on its doorstep, as well as its military connections.
"Townsville is a garrison city, sales activity from defence force personnel continues to provide some added buoyancy to its property market," she said.
Greater Brisbane has potential opportunities for property investment with various affordable housing options situated within a reasonable commuting distance to the central business district, which is likely to attract potential tenants.
Location, as well as supply, have made these areas stand out as popular spots in the sunshine state for those who are keen to invest in property.
Queensland is in a state of prosperity, which is expected to continue with a growing demand for affordable housing, particularly for people coming to the area to work in the nearby mines.
