Which Aussie city is the best for capital growth in 2024?

According to Terry Ryder, director of Hotspotting: “Brisbane is the standout on all the metrics we use to arrive at our ratings.”

He said that the city “ranks in the top three in the nation in most of our parameters, notable with strong sales activity, high rental growth and a big infrastructure spend”.

In addition, its relative affordability and strong unit market are setting the city up for success, as noted by Hotspotting general manager Tim Graham.

“Let’s not forget that the median house value in Greater Brisbane was still just 55 per cent of that in Sydney in December 2023.”

He flagged that “with affordable prices in many suburbs compared to its southern counterparts, Brisbane has attracted buyers in large numbers from all cohorts”.

Those cohorts include interstate buyers, first home buyers, upgraders, downsizers and investors.

And while Greater Brisbane is already a sure-fire bet, according to the Hotspotting Top 5 Brisbane Hotspot Report, there’s a number of areas that are standing out from the crowd.

Hotspotting has earmarked the inner Brisbane precinct, Redcliffe Peninsula, Ipswich/Greater Springfield, the Olympic precinct and Logan City as the top five hotspots across the region for the coming year when it comes to capital growth.

While the inner Brisbane precinct, the Olympic precinct and Ipswich/Greater Springfield having appeared as hotspots in years gone by, this year’s report saw two new entrants: Redcliffe Peninsula and Logan City.

According to Ryder, Redcliffe’s inclusion comes as the property market “is now one of the strongest in Greater Brisbane, with exceptional price uplifts throughout the pandemic years and beyond”.

And as for Logan City, Ryder acknowledges the area as “one of Australia’s fastest growing LGAs”, which can be attributed to its strategic location between Brisbane and the Gold Coast, as well as its affordable housing, infrastructure pipeline and growing job nodes.