According to Herron Todd White's latest Month In Review (Feb 2017):
Brisbane is one of the country’s most
forgiving capital city markets. There are very few
disappointed long-term buyers in our sunshine-
state’s big city, provided they stuck with the
fundamentals and bought the right property in the
right position at the right price. With this historic
performance as a foundation, there are opportunities
to get into Brisbane and hold tight that will leave
you feeling very satisfied with your decision come a
market cycle or two.
Inner-city property continues to be our strongest
performer. Agents report a reasonable start to the
year and if you’re hoping to get into some of our
really cool café suburbs such as Paddington, Bulimba,
or Woolloongabba, don’t expect to find much under
$700,000 as a low buy-in for a modest detached
house. While these areas will continue to offer great
potential, make sure you seek good quality property
with strong tenant appeal for the best long-term
results.
Middle ring addresses are experiencing some capital
gains fuelled by the affordability wave, and steady
growth over 2017 is likely in locations such as Kedron
and Wavell Heights. You’re still in the $600,000-plus
price points in order to buy something decent, but as
long as the land size and position are appealing, then
there’s solid real estate to be had.