I think that Kedron is going to boom in the next few years. It is only 6-7km from Brisbane CBD, close to Chermside and will benefit from the Northern Busway which will allow people to get into the city in about 10 minutes. The busway is initially going to finish at about Stafford Road and will later on be extended to Aspley and, I think, Bracken Ridge.
Kedron is not much dearer than Chermside but its biggest advantage is that it is closer to the CBD. Where can you still get properties in Melbourne and Sydney for $480,000, 7km from the CBD?