Located only 7 kilometres from the Brisbane Central Brisbane District (CBD), Kedron represents an affordable choice for families with city access via Gympie Road and a convenient train connection at nearby Wooloowin. Adjoining suburbs such as Stafford and Wavell Heights are also seen attractive choices for the right property type in the suburb, which is typically a 3 or 4 bedroom house on a spacious block.
Kedron comprises approximately 4 square kilometres in area and has one park which covers about one-seventh of the suburb’s total area.
A well-located suburb with reasonable transport access to the city for employment, Kedron is relatively popular with professionals – households in Kedron are primarily couples with children, and are likely to be repaying between $1800 and $2400 per month on mortgage repayments.
About 57 per cent of the dwellings in Kedron are owner-occupied, and currently the median sales price of houses in the area is $725,000 (2017).
Median unit prices are considerably cheaper in Kedron, but our preferred property type for this suburb is a house on a block of at least 600 square metres.
Investors in Brisbane buying with a view to future development potential need to be clear whether they are buying subdividable ‘splitter’ blocks (typically 810sqm) or low-medium residential (LMR) zoned land, whereupon post-war homes may sometimes be removed to make way for blocks of townhouses or apartments, subject to Brisbane City Council approval.
LMR zoned blocks were tremendously popular until around 2014, but as apartment supply has taken off prices have eased, while many investors have shifted focus towards blocks with traditional subdivision potential.
These suburbs and property types can offer an outstanding opportunity to own land value close to the city of Brisbane at an affordable entry price.
The adjacent suburb of Wooloowin is well connected to the CBD with two train stations (Wooloowin & Eagle Junction) and some wonderfully elevated homes with views in a blue chip position. At only 5-6km from the city it’s hard to beat for convenience.
Other suburbs worthy of consideration in the middle-ring range from the CBD include Mitchelton and Keperra to the north-west, Indooroopilly, Graceville, Sherwood, and Corinda (excluding flood zones) to the south-west, and the rather more proximate Newmarket on the Northside.