The inner west suburb clocked up 23.1 per cent growth in the 12 months to March.
Five other suburbs clocked up growth in excess of 10 per cent over the same period including Northgate with 13.3 per cent and Gordon Park with 12.2 per cent.
These results cap off a healthy start to 2019 for the Brisbane local government area, which saw 1.5 per cent growth overall to reach a new median record of $680,000, reports the latest REIQ Queensland Market Monitor.
Suburbs such as Auchenflower, Northgate, Gordon Park, Hamilton and Clayfield all delivered double-digit growth for house owners,” said REIQ CEO Antonia Mercorella. These are areas that are in demand and have the right house at the right price for many buyers.”
“And not all of those suburbs are blue chip suburbs. In fact, there are some great, affordable suburbs that are delivering outstanding growth, proving that as long as you do your homework you can achieve strong growth at any price point,” she said.
Further out, our northern corridor neighbours in Moreton Bay saw the highest overall growth at 2.5 per cent off the back of 6,000 transactions over the same period.
This takes the Moreton Bay median price to $450,000.
Check out the #10 suburbs with the highest median growth in the 12 months to March 2019:
- Auchenflower 23.1% $1,202,500
- Northgate 13.3% $725,000
- Gordon park 12.2% $875,000
- Hamilton 11.5% $1,450,000
- Clayfield 11.1% $1,250,000
- Riverhills 10.8% $527,000
- Nudgee 9.6% $642,500
- Westlake 9.3% $749,500
- Durack 9.3% $445,722
- Albion 9.1% $827,000