Brighter Buying

Market update: the #10 biggest growth burbs of 2023

by Justin Watt, CEO 18 January 2024

Brisbane’s property prices grew an impressive 13.1 per cent in 2023.

This compares to national price growth of 8.1 per cent and for the first time since 2010 this places Brissie prices ahead of Melbourne.

Brisbane’s median house price was $787,217 as at 31 December, compared to Melbourne at $780,457.

High demand, and comparatively low stock on market, combined to push local prices to new highs in 2023.

Here on the north side, Ascot and Gordon Park were amongst the biggest movers each clocking up over 20 per cent growth, reports ABC News.

Both are amongst Brissie’s perennially popular north side suburbs each offering an eclectic mix of blue chip classic Queenslanders, luxury new builds and good value older style units.

And if the budget doesn’t stretch quite that far, the gentrifying pockets of Stafford and Stafford Heights and surrounding suburbs can offer a good value alternative.

Check out Brisbane’s biggest growth suburbs in 2023:

  1. Macgregor 24.7%
  2. Coopers Plains 24.6%
  3. Salisbury 23.0%
  4. Wishart 22.9%
  5. Eight Mile Plains 22.8%
  6. Ascot 22.6%
  7. Kuraby 21.3%
  8. Mackenzie 21.2%
  9. Gordon Park 20.9%
  10. Sunnybank 20.2%

Looking for a suburb with growth potential? Contact us for a chat about local real estate.