22 New Million Dollar Suburbs in Brisbane

We have been banging on about the strength of the current property market for some time now.

Lots of buyers about, not too many listings, cheap interest rates, and multiple offers on most properties.

So now research by CoreLogic‘s analysis of suburb values in May 2020 compared to May 2021, has revealed that there are currently 51 Brisbane suburbs that have a median value above $1,000,000.  That is an increase of 22 new suburbs that have past the magic price level.

The 22 new Brisbane suburbs with a median house value above a  million dollars:

1. Ashgrove $1,207,524
2. Norman Park $1,170,326
3. Seven Hills $1,163,451
4. Toowong $1,151,231
5. Red Hill $1,141,008
6. Kenmore Hills $1,136,557
7. Coorparoo $1,128,895
8. Yeronga $1,125,455
9. Camp Hill $1,097,385
10. East Brisbane $1,092,076
11. Windsor $1,075,978
12. Herston $1,073,956
13. Newmarket $1,072,918
14. Robertson $1,069,765
15. Lutwyche $1,064,286
16. Wooloowin $1,055,702
17. Carindale $1,054,481
18. Sheldon $1,053,431
19. Kelvin Grove $1,028,395
20. Alderley $1,018,144
21. Morningside $1,008,282
22. Gordon Park $1,000,918

If your suburb isn’t on the list don’t despair and it may only be a short time till it joins this list.

The strong market is not just a feature in Brisbane but also across Queensland with 46 house and unit markets across regional Queensland, driven by the popularity of the Sunshine Coast and Gold Coast, also reaching the $1 million level.

Teneriffe is Brisbane’s most expensive house market with a median value of $2,063,937.  This is only slightly higher than the highest median house value across regional Queensland, held by Sunshine Beach on the Sunshine Coast at $1,924,577.

Ashgrove tops Brisbane’s newcomers list, with a median house value now at $1,207,524 (up from $969,877). In regional QLD, Buddina on the Sunshine Coast now has a median house value of $1,283,111 (up from $978,041 a year ago).