Buy here: John McGrath reveals top Qld suburb picks for 2023 – realestate.com.au

Buy here: John McGrath reveals top Qld suburb picks for 2023 - realestate.com.au

A well-liked Brisbane suburb the place vehicles are elective, sprawling Queenslanders abound, and residential costs aren’t what they was has topped a star agent’s record of suburb picks for consumers in 2023.

John McGrath has named New Farm within the metropolis’s inside north as one among his key picks for getting in 2023, claiming “costs for each homes and flats aren’t as bullish as they have been on the finish of 2021/22, probably providing an entry level” to the celebrated postcode.

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New Farm house, like this one on the market in James St, are scorching property.


Within the annual McGrath Report launched right now, Mr McGrath mentioned that whereas the southeast Queensland market may be cooling, “it gained’t be chilly for lengthy”, tipping the area will assist lead the nationwide restoration.

“The slowdown in value development in Queensland’s southeast will give consumers their finest likelihood to get into the market, whereas remaining assured that infrastructure spending and inhabitants development will preserve costs buoyant relative to different a part of the nation for a while to return,” Mr McGrath mentioned.

This two-bedroom unit at Logan Rd, Woolloongabba, is up for grabs.


Together with New Farm, Woolloongabba can be among the many veteran agent’s prime picks in Brisbane given its central location within the lead-up to the 2032 Olympic Video games.

“Neighbouring Brisbane’s CBD, Woolloongabba has a mixture of households and professionals due to its rising restaurant and nightlife scene, proximity to nice faculties, the town and the enduring Gabba stadium,” he mentioned.

He additionally likes one among Brisbane’s oldest suburbs, Kangaroo Level, given its location and historical past and character.

“A momentary dip in property costs within the picturesque riverside suburb may very well be a chance for savvy consumers,” he mentioned.

General pictures

The view of the Brisbane CBD from Kangaroo Level. Image: David Clark


On the Gold Coast, Mr McGrath has recognized Palm Seaside, or ‘Palmy’ as it’s affectionately recognized, because the one to look at subsequent yr.

“Like most Gold Coast suburbs, Palm Seaside has skilled appreciable value good points over the previous few years,” he mentioned.

“The proposed gentle rail continues to ruffle the feathers of some locals, however there isn’t any arguing the deliberate infrastructure is fuelling the world’s development, with the cranes of residential and business developments dotting the skyline of the beachside suburb.”

Palm Seaside is the suburb to look at on the Gold Coast in 2023.


Solely an hour from Brisbane’s CBD, Caloundra is Mr McGrath’s prime decide for consumers on the Sunshine Coast, notably traders given the infrastructure deliberate for the suburb.

“The proposed $1.6 billion passenger rail line won’t solely enhance connectivity with Brisbane, it can additionally see the redevelopment of the world’s city centre across the new railway station to cater for the inhabitants development,” he mentioned.

“There are a selection of upcoming tasks aimed toward reshaping Caloundra, together with a brand new $110m residence growth and a boutique resort and residence complicated.”

A proposed $1.6b passenger prepare line to Caloundra is fuelling the renewed curiosity on this beachside locale.


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