These are Queensland's most expensive suburbs
Contact
Nov 1, 2018
These are Queensland's most expensive suburbs
High rollers are parking their cash in these most expensive suburbs in Queensland, according to the latest CoreLogic data.
-
Ray White New FarmPictured: 33 Rockbourne Terrace. For sale through Matt Lancashire of Ray White New Farm. As seen on Luxury List.
Inner-city fave New Farm is officially the most exxy suburb in Queensland, with a median house price just over $1.6 million.
New figures from CoreLogic have revealed the top five most expensive suburbs, ranked according to median house price.
New Farm topped the list with its big fat $1.62 million median house price, closely followed by old money favourite Ascot with a median of $1.6 million.
Noosa's Sunshine Beach took out third place with a median price of $1.43 million, followed by the Gold Coast's Mermaid Beach, with a median $1.4 million.
Unsurprisingly, Hamilton also made the list with a median of $1.3 million.
Hamilton's spot on the list came as no surprise to local Ray White agent Hamish Bowman, who says it is "one of Brisbane's best suburbs".
Mr Bowman believes Brisbane is starting to develop an 80:20 dynamic like Sydney and Melbourne.
“20 per cent of suburbs will continue to outperform market averages, and 80 per cent will be susceptible to market cycles," he told WILLIAMS MEDIA.
“In Sydney Point Piper and Dover Heights will continue to outperform other suburbs, and in Brisbane New Farm, Teneriffe, Kangaroo Point, Ascot and Hamilton will, as they are close to the city and the river, they are elevated and have great amenities.”
While it didn't make CoreLogic's list for most expensive suburbs in Queensland, Teneriffe's median house price currently sits at around $1.65 million.
Mr Bowman says it's a hard suburb to get into.
“Teneriffe is an attraction suburb; it’s the number one suburb in Brisbane for median house and apartment prices. But it’s hard to get into, as once people buy into the area they rarely leave.”
Ivo Kornel of Belle Property New Farm told WILLIAMS MEDIA that numbers have been great throughout open homes in Teneriffe recently.
“There has been around a 30 per cent increase in traffic in opens, offers from buyers, and sales in the last six months. This year there has been a steady increase in confidence in the apartment marketplace.”
Mr Kornel says the Brisbane property market is coming alive.
“It’s been one of those cities that has always been considered a big country town. The amount of infrastructure, development, and investment; whether local, national or international, is putting Brisbane on the map. The climate is amazing, you have the north and south coast,” Mr Kornel continued.
“Teneriffe will only get better. It’s a smart place to park money and an even better place to live!”
CoreLogic's most expensive suburbs (based on median value)
1. New Farm ($1,621,382)
2. Ascot ($1,065,330)
3. Sunshine Beach ($1,436,229)
4. Mermaid Beach ($1,407,509)
5. Hamilton ($1,387,688)
Related reading:
Unforgettable neighbouring Paddington properties
"Brisbane's most amazing real estate" to go under the hammer at Ray White event
Contact Details:
