Brighter And some

B-listers: Which Brissie burbs just got booted from the Million Dollar market?

by Kate Watt, Marketing Manager 28 June 2023

As prices have softened nationally from post pandemic highs many suburbs across Australia have dropped out of the prestigious Million-Dollar-Median Club.

In May 2022 some 1,243 suburbs had a median house or unit price above $1 million.

Come May 2023 that number had dropped to 988 suburbs, reports CoreLogic.

Here in Brisbane we’ve seen 41 suburbs drop out of the prestigious million dollar property club.

Should that be a concern? Well it depends on your point of view.

A lot of buyers are probably breathing a huge sigh of relief. After all, who moves to Brissie to pay Sydney prices?!

Families seeking value in traditional family-friendly suburbs probably don’t like the idea of forking out a cool million if they can buy an entry level home for the high $800,000s or low $900s.

That’s once again an easier task in suburbs like Albany Creek, Mitchelton, Stafford, Everton Park and here in Aspley where the median house price has dipped below $1 million to sit in the high $800k to $900k range.

It’s still good news for most sellers, especially those who bought before the last peak, as they’re still enjoying some good gains.

So, dropping out of the million-dollar A-List ain’t such a bad thing. Check out our newest B-listers below.

  1. Birkdale
  2. Cleveland
  3. Lota
  4. Murarrie
  5. Wellington Point
  6. Wynnum
  7. Aspley
  8. Carseldine
  9. Everton Park
  10. McDowall
  11. Northgate
  12. Stafford
  13. Stafford Heights
  14. Virginia
  15. Annerley
  16. Calamvale
  17. Carina
  18. Fairfield
  19. Kuraby
  20. Macgregor
  21. Mansfield
  22. Moorooka
  23. Mount Gravatt
  24. Mount Gravatt East
  25. Parkinson
  26. Sunnybank Hills
  27. Upper Mount Gravatt
  28. Gaythorne
  29. Kenmore
  30. Mitchelton
  31. Seventeen Mile Rocks
  32. Sinnamon Park
  33. The Gap
  34. Upper Kedron
  35. Mount Crosby
  36. Buccan
  37. North Maclean
  38. Elimbah
  39. Wamuran
  40. Albany Creek
  41. Dayboro

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

Looking for good buying value? Check our listings for rent.