Brighter And some

#22 Brissie burbs join the million-dollar club

by Kate Watt, Marketing Manager 23 June 2021

Brisbane has welcomed a whopping 22 new suburbs into the exclusive million-dollar-median club.

The new data is based on a CoreLogic analysis of suburb values in May 2020 compared to May 2021.

In total there are 51 suburbs in Brisbane with at least a million-dollar-median, and another 46 suburbs across regional Queensland, mainly on the Sunshine Coast and Gold Coast, CoreLogic reports.

Teneriffe remains Brisbane’s most expensive house market with a median value of $2,063,937.

Home value increases are great news for those already in the market, but million-dollar headlines can be tough reading for first timers.

“For first home buyers, who tend to be more price sensitive, higher house prices and the volume of suburbs becoming million dollar markets are likely building on the challenges already faced by these prospective buyers around home ownership and affordability,” says CoreLogic’s Head of Research Australia, Eliza Owen.

The good news is Brissie offers a diverse range of dwelling types, locations and price points that make it easier for first home buyers to take an affordable first step on the property ladder. Broadening your search areas and buying a home with opportunities to add value are two smart ways property newcomers are securing good value first homes in the Brissie market.

Check out the Brissie suburbs – and median house value – which have now been inducted into the million-dollar club:

  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

Want some help snagging your first home? Contact us for a chat.

Want to cash in? Book a valuation or talk to us about selling.