We like to think of it as the list of suburbs where we wished we put our money (to get a great a capital gain) compared to those suburbs where we actually did put our money.
And guess what? Not a single suburb is on both lists.
Perhaps that’s not surprising given many of the highest growth suburbs are tightly held locations with limited stock. Whereas a number of the ‘burbs that saw high sales values also had a lot of stock, such as North Lakes. The laws of supply and demand tell us prices rise when demand is high and stock is scarce.
But without further ado, let’s announce the winners in both categories.
The 2017 ‘People’s Choice Awards’ go to the following suburbs which recorded the highest value of sales.
Top #10 Brisbane suburbs for total value of sales in 2017:
- Camp Hill: $844,015 (median value) / $231,322,801 (total value of sales)
- North Lakes: $483,504 / $223,910,630
- Narangba: $467,084 / $214,444,127
- Redland Bay: $533,506 / $212,195,253
- Ashgrove: $948,559 / $201,893,350
- Cleveland: $564,096 / $196,666,558
- Carindale: $829,798 / $196,631,200
- Forest Lake: $441,361 / $194,014,771
- Thornlands: $565,138 / $193,995,197
- Caboolture: $331,278 / $179,426,674
Source: CoreLogic reported on news.com.au.
So that list shows where we put our money. But if we wanted a great capital gain where should we have put it?
Check out the suburbs where winners are grinners with hefty capital gains in 2017:
- Teneriffe, 41.3%
- Auchenflower, 30.3%
- Fig Tree Pocket, 26.6%
- St Lucia, 25.8%
- Seven Hills, 23.4%
- Kangaroo Point, 21.3%
- New Farm, 18.5%
- Ascot, 17.4%
- Morningside, 17.4%
- Corinda , 17%