Tree-lined streets, character-filled Queenslanders, and a park around every corner – Bardon’s appeal is obvious to anyone who visits this Brisbane suburb. But this slice of suburban paradise comes with a premium price tag that has caught the attention of financial analysts, as it belongs to the list of Queensland suburbs with the worst mortgaged debt.
Read: Most-Viewed Auction Property Is In Bardon, Sells for $1.33 Million
The Digital Finance Analysts revealed Bardon homeowners are carrying some of Queensland’s highest mortgage debt, with residents shouldering an average mortgage of $552,323 – nearly double the state’s average of $297,851.
Yet despite the hefty price tag, residents maintain the investment is worthwhile for the lifestyle this prestigious pocket delivers. The suburb’s appeal lies in its unique blend of peace and quiet, abundant greenery, and strong community atmosphere that attracts a diverse mix of families, professionals, and retirees.
“Great for family life. Lots of lovely cottages and Queenslanders. We live next to a park. Have been here a year and love it,” shares a recent arrival to the neighbourhood, highlighting the suburb’s characteristic architecture and green spaces.
While Bardon’s mortgage figures might raise eyebrows, they remain competitive when compared to southern states. New South Wales leads with an average mortgage of $523,905, while Victoria follows at $342,081, putting Bardon’s premiums into perspective within the national property landscape.
A long-term resident of over two decades emphasises the suburb’s inclusive nature: “It is diverse and great for people with average incomes or those who are affluent. Very good public and private schools and there is a park entrance on almost every street! I love it.”
The suburb’s high mortgage debt appears to be offset by the quality of life it offers – characterised by excellent educational options, abundant recreational spaces, and a family-friendly atmosphere.
Read: The Streets of Bardon: How Time Reshaped Local Thoroughfares
As Brisbane’s property market continues to evolve, Bardon stands as a testament to the enduring appeal of lifestyle-focused suburbs, where community values and natural amenities justify the investment for many homeowners.
Published 15-November-2024
