Cheapest Suburbs in Brisbane 2026: Affordable Homes Under $650K

Brisbane's property market has experienced significant price growth over the past several years, driven by strong interstate migration from Sydney and Melbourne, the 2032 Olympics infrastructure pipeline, and a relative affordability advantage compared to the southern capitals. Despite this growth, there are still pockets of genuine affordability within the Greater Brisbane and surrounding Logan and Ipswich corridors. Suburbs in these areas offer median house prices ranging from $450,000 to $650,000, making them accessible for first-home buyers and attractive for investors seeking strong rental yields.

This guide examines Brisbane's cheapest suburbs for 2026, looking at what each area delivers in terms of connectivity, lifestyle, and growth potential. Before committing to a purchase in any of these areas, use Realestate Lens's property research tools to access comprehensive suburb-level data and make a well-informed decision.

How We Selected These Suburbs

We identified Brisbane's cheapest suburbs using publicly available median house price data from CoreLogic and Domain, filtering for suburbs within the Greater Brisbane, Logan, and Ipswich local government areas with at least 30 annual house sales. Each suburb was then assessed against:

• Median house price: Must be well below the Brisbane metropolitan median.
• Transport links: Access to train stations and major road connections to the CBD.
• Local amenities: Schools, shops, parks, healthcare facilities.
• Growth drivers: Infrastructure projects, population growth, and employment centres.
• Rental yield: Gross yield at or above the Brisbane average, indicating healthy rental demand.

All price estimates reflect data available as of early 2026 and are subject to market movements.

Brisbane's Cheapest Suburbs

Woodridge

Median house price: ~$520,000 | Gross rental yield: ~5.5%

Woodridge is one of the most affordable suburbs in the Logan City Council area, located approximately 25 km south of the Brisbane CBD. The suburb has its own train station on the Beenleigh/Gold Coast line, providing a direct commute to Brisbane Central in approximately 35-40 minutes. The M1 Pacific Motorway is also nearby for road access.

Amenities include Logan Central Plaza (adjacent suburb), multiple primary and secondary schools, medical centres, and parks along Slacks Creek. The suburb has a diverse, multicultural community and an active local shopping precinct. Woodridge's strong rental yield makes it particularly attractive for investors, and ongoing Logan City Council investment in streetscapes and community facilities is gradually improving the area.

Kingston

Median house price: ~$500,000 | Gross rental yield: ~5.6%

Kingston sits adjacent to Woodridge and Logan Central, forming part of the affordable Logan corridor. The suburb has its own train station on the Beenleigh line (Kingston station), offering direct CBD access. Kingston is predominantly residential with a mix of post-war timber homes and newer brick constructions.

Kingston State School and Kingston State College provide local education options, and the suburb benefits from Logan Central's commercial amenities nearby. Block sizes are generally generous (600-800 sqm), offering granny flat potential for investors. Kingston's low entry price combined with strong yields makes it one of Brisbane's best value propositions for cash-flow-focused investors.

Logan Central

Median house price: ~$490,000 | Gross rental yield: ~5.7%

Logan Central is the commercial and administrative heart of the City of Logan. It features Logan Central Plaza, the Logan City Council offices, Logan Central Library, and a range of retail and food outlets reflecting the area's multicultural character. Loganlea station (Beenleigh line) is within reach, and bus services connect the suburb to surrounding areas.

The suburb offers some of the highest rental yields in the Greater Brisbane region, driven by strong tenant demand and low purchase prices. Housing stock is a mix of older Queenslander-style homes and more recent builds. Logan Central benefits from its status as a service hub, ensuring ongoing foot traffic and local employment. The Logan Renewal Initiative is driving improvements to public spaces and infrastructure across the City of Logan.

Eagleby

Median house price: ~$530,000 | Gross rental yield: ~5.3%

Eagleby is a residential suburb in the south-eastern part of the City of Logan, situated between Beenleigh and the Logan River. The suburb has a quiet, family-oriented feel with wide streets, parks, and a community centre. Beenleigh station (Beenleigh/Gold Coast line) is approximately 3 km away, and the M1 motorway is accessible for road commuters.

Schools include Eagleby State School and Eagleby South State School, and Eagleby Shopping Village provides convenience retail. The suburb is close to the Logan River for recreational activities. Eagleby tends to attract families and retirees looking for affordable, low-key suburban living within commuting distance of both Brisbane and the Gold Coast.

Beenleigh

Median house price: ~$550,000 | Gross rental yield: ~5.2%

Beenleigh is a major transport and commercial hub on the Brisbane-Gold Coast corridor. The suburb has a well-established town centre with Beenleigh Marketplace, a range of restaurants and services, and the Beenleigh train station — a key interchange on the Gold Coast line providing access to both Brisbane CBD (40 minutes) and the Gold Coast (35 minutes).

The suburb has a mix of older Queensland-style homes and newer townhouse developments. Beenleigh State High School and several primary schools serve the area. The Beenleigh Town Square redevelopment and broader precinct improvements are enhancing the town centre. For buyers who want established amenities at an affordable price, Beenleigh offers more immediate infrastructure than many newer growth-area alternatives.

Inala

Median house price: ~$530,000 | Gross rental yield: ~5.4%

Inala is one of Brisbane's most affordable suburbs within the Brisbane City Council boundary, located approximately 17 km south-west of the CBD. The suburb is serviced by bus routes connecting to the Richlands and Darra train stations (both on the Springfield and Ipswich lines), and it is close to the Ipswich Motorway.

Inala Civic Centre and Inala Plaza provide shopping, community services, and library facilities. The suburb has a strong multicultural community and a vibrant local food scene. Inala State School and several nearby secondary schools serve the area. Its relatively central location compared to other affordable suburbs means shorter commute times, and it benefits from Brisbane City Council investment in community facilities and parks.

Goodna

Median house price: ~$480,000 | Gross rental yield: ~5.5%

Goodna is located in the City of Ipswich, approximately 27 km south-west of the Brisbane CBD. The suburb has its own train station on the Ipswich/Rosewood line, with services to Brisbane Central taking approximately 35-40 minutes. It is positioned near the Ipswich Motorway for road access.

Goodna has a local shopping precinct, Goodna State School, and proximity to the Ipswich CBD's more comprehensive amenities. The suburb has a mix of Queenslander homes on elevated blocks and some newer development. Buyers should check flood mapping carefully — parts of Goodna near the Brisbane River and Woogaroo Creek have flood history. Properties on higher ground within the suburb can offer strong value with reduced flood risk.

Redbank Plains

Median house price: ~$570,000 | Gross rental yield: ~5.0%

Redbank Plains is one of Ipswich's fastest-growing suburbs, with significant new housing estate development over the past decade. The suburb is serviced by the Springfield Central train station (approximately 5 km away) and has good road connections via the Centenary Motorway extension.

Amenities include Redbank Plains Town Square shopping centre, multiple new schools (including Redbank Plains State High School), and modern parks and playgrounds throughout the estates. Redbank Plains offers mostly newer housing stock compared to other affordable suburbs on this list, which means lower maintenance costs for buyers. The Ipswich region's strong population growth and employment expansion (including the Ripley Valley development nearby) are key long-term growth drivers.

Collingwood Park

Median house price: ~$550,000 | Gross rental yield: ~5.1%

Collingwood Park is a residential suburb in the City of Ipswich, positioned between Redbank Plains and Goodna. It has a mix of established homes from the 1990s-2000s and newer infill development. The suburb is within proximity of the Redbank train station (Ipswich line) and has bus connections to surrounding areas.

Collingwood Park State School serves the local community, and the suburb has several parks and green spaces. Redbank Plaza shopping centre is nearby for comprehensive retail needs. The suburb offers a quieter, more established alternative to the brand-new estates in Redbank Plains, with slightly larger lot sizes and mature landscaping.

Forest Lake

Median house price: ~$650,000 | Gross rental yield: ~4.6%

Forest Lake is a master-planned suburb approximately 22 km south-west of the Brisbane CBD, within the Brisbane City Council area. It features a large ornamental lake, extensive parklands, and a well-designed residential layout. Forest Lake Shopping Centre provides comprehensive retail, and the suburb has excellent schools including Forest Lake State High School and Forest Lake State School.

Transport is provided by bus services connecting to the Richlands train station on the Springfield line. The Centenary Motorway provides road access to the CBD. Forest Lake is at the upper end of Brisbane's affordable range, but its mature infrastructure, attractive streetscapes, and Brisbane City Council location give it stronger amenity than many cheaper alternatives. It appeals to families who want suburban living without the raw feel of a brand-new growth area.

What to Watch Out For

Buying in Brisbane's cheapest suburbs can deliver strong value, but keep these risks in mind:

• Flood risk: Several suburbs in the Logan and Ipswich corridors have areas prone to flooding, particularly near the Brisbane River, Logan River, and associated creeks. Always check council flood mapping and get insurance quotes before purchasing. Flood-affected properties can be difficult to insure and resell.
• Older housing requiring maintenance: Post-war timber homes (common in Logan and Ipswich suburbs) may have stumping issues, asbestos sheeting, or outdated wiring. Budget for a comprehensive building and pest inspection.
• Variable suburb reputation: Some of these suburbs carry perceptions that may not reflect current conditions. Research crime statistics directly from Queensland Police rather than relying on anecdotal impressions.
• Strata complexes and townhouses: Be cautious of cheap units or townhouses with high body corporate fees — the apparent affordability can be offset by ongoing levies.
• Distance from employment hubs: While train connections exist, peak-hour commutes from Logan and Ipswich to Brisbane CBD can take 40-60 minutes. Consider proximity to local employment options as well.

Read our suburb research guide for a full checklist of what to investigate before purchasing, and check out the best suburbs to invest in 2026 for broader investment analysis.

Key Takeaway

Disclaimer: The prices and yields quoted in this article are approximate and based on publicly available data as of early 2026. Property markets change constantly. This is general information only and not personal financial or investment advice. Always conduct your own due diligence and consider consulting a qualified financial adviser before purchasing property.