Queensland’s real estate market has been dynamic, and the top-selling suburbs for houses and units offer valuable insights for potential buyers and investors. Here’s a breakdown of some key findings:
Top-Selling Suburbs for Houses
- Gumdale: This suburb tops the list with an annual median sale price of $2,050,000 and a remarkable 60.78% increase over the past year. Gumdale offers large lots close to Brisbane’s CBD, providing a blend of suburban tranquillity and city convenience (Australian Property Investor Magazine).
- Ellen Grove: With an annual median sale price of $530,000 and a 39.47% increase, Ellen Grove is becoming increasingly popular due to its affordability and growth potential (Australian Property Investor Magazine).
- New Farm: Known for its vibrant lifestyle, New Farm has seen a 33.48% increase, with median house prices around $2,990,000. It remains a prime choice for buyers looking for a blend of cultural amenities and residential appeal (Australian Property Investor Magazine) (OpenAgent).
Top-Selling Suburbs for Units
- Tennyson: Leading the unit market, Tennyson boasts a 52.09% increase with median unit prices at $1,635,000. Its riverside location and high-end developments make it a hot spot (Australian Property Investor Magazine).
- Grange: With a 34.96% increase, Grange’s units have a median price of $830,000, attracting buyers for its family-friendly environment and proximity to the city (Australian Property Investor Magazine).
- Bracken Ridge: This suburb offers a balanced lifestyle with a 31.24% increase in unit prices, now at $464,250, making it a sought-after area for families and investors alike (Australian Property Investor Magazine).
Investment Hotspots
Brisbane’s property market continues to evolve post-COVID, with particular suburbs showing strong potential for future growth:
- Hamilton: Known for its luxurious Queenslander-style homes and waterfront parks, Hamilton is a top pick for high-end buyers. The median house price here is around $1.9 million (OpenAgent).
- Albion: Close to the CBD and rich in historical charm, Albion’s median house price is $1.19 million. It’s popular for its cafes and transport links (OpenAgent).
- Clontarf: Offering a beachside lifestyle, Clontarf’s median house price is $719,000, making it an attractive option for families and retirees (OpenAgent).
For those considering regional Queensland, suburbs like Golden Beach and Nambour on the Sunshine Coast offer excellent growth rates and affordability (Canstar Australia).
Brisbane’s rental market also shows promising trends, with suburbs like Russell Island and Woodridge offering high rental yields, making them attractive for investors looking for steady income (OpenAgent).
Overall, Queensland’s real estate market provides diverse opportunities for buyers and investors, from luxury suburbs in Brisbane to affordable options in regional areas. For personalised advice and insights, consider consulting with me – I can help navigate this dynamic market.
