The cheapest place to buy an inner city house in Brisbane is Spring Hill. It's also just a kilometre from the CBD. Photo: Ray White New FarmThere has long been a joke in Brisbane that anyone who lives further than five kilometres from the CBD is too far out to be worth visiting.
This is obviously not true (I live 12 kilometres out), and considering Brisbane’s house prices have risen by nearly 25 per cent over the past year alone, also now exceedingly difficult.
That being said, there will always be buyers for whom an inner city location is a dream worth holding onto. If that’s you, there are still opportunities to crack the coveted five-kilometre ring for less. However, it must be said that for many buyers, the inner city will never be within reach – not a single suburb within five kilometres of Brisbane’s city centre has a median house price under $1 million.
According to the latest data from Domain, the most affordable – which also happens to be the closest – inner-city suburb is Spring Hill, with a median house price of just over $1 million.
Also making the top five most affordable are Kelvin Grove, Windsor and Newmarket – all in Brisbane’s inner north – and Annerley, in Brisbane’s inner south.
| Suburb | Median | Annual Change | 5-year Change | Distance To CBD (Kms) |
| Spring Hill | $1,030,000 | 17.3% | * | 1.1km |
| Kelvin Grove | $1,125,500 | 27.9% | 37.3% | 2.6km |
| Windsor | $1,122,500 | 17.4% | 38.6% | 3.9km |
| Newmarket | $1,175,000 | 29.2% | 46.9% | 4.1km |
| Annerley | $1,158,000 | 43.2% | 63.1% | 4.9km |
*This post was originally published on https://www.domain.com.au/news/brisbanes-five-most-affordable-inner-city-suburbs-1160090/
