Cost Of Living In Brisbane: Moving Guide
Nov 14, 2022
If you love river-side views, sunny weather, laidback lifestyle, and diversity in culture, the capital city of Queensland is the ideal place for you. People across Australia and other parts of the world are moving to Brisbane because it offers top-rated educational facilities, housing options,
healthcare facilities, culinary delights, and entertainment hubs.
The metropolitan city has been transformed into a multicultural, bustling and vibrant place where you can find students, families, working professionals and entrepreneurs. It is a perfect city to live in and raise a family.
However, it is important to know the cost of living when moving to a new city or state. Brisbane is the capital city, and the living cost is also high. So, you must evaluate everything to decide what is best for you.
This will help you find the most suitable house in the best location without a hint of stress. If you are moving with all your household belongings, hire trained Brisbane Removalists who can make your relocation journey easier.
This way, you can focus more on your lifestyle, the cost of living and other key aspects in Brisbane. To make things easier, here is a complete guide that will help you relocate to the capital of Queensland within your estimated budget.
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The Average Cost of Living in Brisbane
The estimated cost of living in the city per person is around $2,042 per month. A family of four estimated costs are $5,065 per month without rent. But remember that daily expenses can fluctuate depending on your living standard. But this will give you an idea of how much you need to live a quality life after home relocation.
Here is a complete guide to help you know how much to spend:
Are you moving home to this beautiful and prominent city with your family? Make sure you do proper residential property market research, track your day-to-day expenses and create a rough budget because you want to give the best to your kids.
1. Know the Median Housing Price
Owning a new home in a capital city can be expensive. Luckily, Brisbane is more affordable than the capital city of NSW and Victoria, i.e Sydney and Melbourne. The median values for residential properties across Greater Brisbane declined -2.1 per cent in August 2022, with the current average value being $864,000.
The average rent for a house is $622 per week, which is 19.9 per cent up. The estimated rent of a three-bedroom house is $557 a week. According to experts, The Brisbane property market continues to grow slowly and steadily, with a total growth level of around 7 to 8 per cent throughout this year.
There is no denying that there is around a 30 per cent increase in property values in many locations, but you can’t overlook that the overall house prices remained constant for more than two years. You can also find out the ways to lease an
apartment with no credit history or buy your new home in the best location after doing a thorough market research.
If you are looking for an affordable suburb in and around the city for your new home, consider these cheapest yet best suburbs:
Caboolture
One of the most affordable suburbs of Brisbane in the North, Caboolture offers great housing options with top-rated local amenities. It has the lowest vacancy rates across the city. The median price of a house is around $385,000, but the prices are steadily increasing.
Springwood
This amazing suburb of Brisbane is situated in Logan city. Springwood has beautiful residential buildings and commercial blocks. It also has some decent schools, healthcare facilities, playgrounds, and much more. The average price of a house in Springwood is just $244,704.
Cleveland
Believe it or not! The suburb’s sales volumes have increased twice over the last year. This is a perfect place to invest because the median price is just $ 685,000, with almost 0 to 1 per cent of vacancy rate.
Chermside West
This is one of the most popular suburbs, which has great schools, renowned hospitals, playgrounds, cafes, restaurants and other entertainment hubs in the close vicinity. It has a famous shopping centre, Westfield Chermside. The average price of a house in Chermside West is $731,000.
Brown Plains
You can move to this beautiful suburb with the help of removalists Brisbane because the average unit price is just $238,273, while the median rent is around $1,510/ a month. It is a beautiful suburb surrounded by green landscapes, stylish cafes and vibrant nightlife scenes.
2. Expenses on Food
Moving to a city can help uplift your lifestyle standard because Brisbane is the most developed city in Australia. However, it is good to roughly know the cost of living so you can plan things accordingly.
According to the experts, a person may spend approx $95 to $135/per week on grocery items. If you are out for dinner or lunch, you may need to spend around $20 to $60, depending on the restaurant or cafe. The expenses may rise if you have kids.
The city also offers great culinary delights from fine-dining restaurants to cafes and takeaway food joints, bars and pubs to home delivery services.
3. Transportation Expenses
Public transportation is pretty huge and convenient. There is no problem getting transportation if you are moving close to the CBD or inner suburbs of Brisbane. You need to dig more if you plan to live in an outer suburb.
Look for local transportation, such as trains, ferries and buses that are connected to the inner city. If you have a personal vehicle, be ready to pay approx $150 per week for driving and parking.
Use TransLink because it is one of the most affordable ways to reach your office or any other place.
4. Utility Services
You can’t forget the expenses of installing or consuming basic utility services when relocating to a new place. When relocating home, make sure you find out ways to save money. It is good to
get rid of clutter before you move to reduce your load and overall expenses.
Here are some of the most important utility services to take care of when calculating the living cost:
Electricity Bill
According to some experts, you may need to spend an average of $145 to $150 per month on your electricity bill every month, depending on the number of rooms you have in the abode. It is always good to bring energy-efficient appliances and live sustainable life to consume less energy. It is also good for the environment as well.
Gas
The cost of
household gas in Queensland is around $80-$90/per month. People use it to heat water, prepare meals and perform other important tasks daily.
Water
If you are moving to a rental property, make sure you pay the water bill to avoid a dispute at the end of your lease. This can cost you around 0.80 per thousand litres.
Internet Connection
You may need to pay between $65 to $80/ per month for internet services. However, you can discover more about monthly or annual plans to save your money.
5. Shopping
From home decor items to furniture, trendy clothes to classy shoes, you will be going to spend extra money to upgrade your living standard. So, add these expenses to your living cost. The best part is that the city offers great shopping precincts, boutiques, home decor and improvisation shops, clothing retail stores and much more.
Well, this is a cost that can be managed easily. If you are running low on budget, spend wisely and plan your expenses accordingly.
Conclusion
Whether you are moving with your family or alone, knowing the cost of living is always good. This will help you create a rough budget, and you won’t feel burdened after the relocation. These basic expenses will help you calculate and find the ideal housing option in Brisbane.
Make sure you hire
cheap removalists Brisbane for the safety of your possessions throughout the journey. They will take care of your items and give you peace of mind.