In fact Moreton Bay South, which neighbours the Brisbane City Council area, just a stone’s throw from Aspley, has seen growth of more than 30 per cent.
This takes median prices to $656,000 according to PropTrack data published in news.com.au.
Standout suburbs in the boom region include well known bargain hot spots like Everton Hills and Deception Bay, but also lesser known locales: Clontarf, Cedar Creek and Bunya.
The coastal suburb Clontarf is overshadowed by its better known neighbour Redcliffe. Cedar Creek (not the Mt Tamborine one) and Bunya are popular with tree-changers looking for acreage and bush blocks.
“I think people have been looking for affordability so they’ve been searching the periphery of Brisbane,” says PropTrack economist Paul Ryan.
“With the price growth we’ve seen, you can understand why people are looking at further flung areas. Also, being able to work from home makes those areas more appealing.”
Check out the south east Queensland regions that cracked the top performing markets list for the past 12 months.
- Moreton Bay – South
- Sunshine Coast
- Logan – Beaudesert
- Brisbane – South