In 2021 we experienced a once-in-a-generation property boom that resulted in almost 400 suburbs joining the million-dollar club.

In other words, their median price was over $1 million

Based on CoreLogic data published in The Australian there were 76 suburbs in South East Queensland where median dwelling values have risen above $1 million this year.

Brisbane has become Australia’s strongest housing market over recent months, with the monthly rate of growth reaching a new cyclical high of 2.9% in November, taking dwelling values 7.4% higher over the rolling quarter and 25.1% higher over the year.

In dollar terms, we have seen Brisbane dwelling values rise by approximately $127,000 over the past twelve months.

Local demand is being supported by a high rate of interstate migration, along with relatively affordable housing prices.

Every sub-region of Brisbane has seen housing values rise by more than 20% over the past twelve months, however, it is the coastal markets of South East Queensland where growth has led the state, with housing values surging 32% higher over the year across the Sunshine Coast and 30% higher on the Gold Coast.

Here are the Greater Brisbane suburbs that joined the million-dollar club

SA4 Suburb Median value (current) Median value (12m ago) Annual change Month values reached $1m
Brisbane – EastManly$1,099,196$851,54129.1%Sep-21
Brisbane – EastBelmont$1,014,333$794,61427.7%Nov-21
Brisbane – EastWakerley$1,039,872$821,39226.6%Oct-21
Brisbane – NorthWavell Heights$1,111,222$831,75333.6%Aug-21
Brisbane – NorthKedron$1,019,751$783,95830.1%Nov-21
Brisbane – NorthGordon Park$1,043,372$815,22128.0%Oct-21
Brisbane – NorthShorncliffe$1,017,031$816,38324.6%Nov-21
Brisbane – NorthBridgeman Downs$1,085,695$873,01824.4%Sep-21
Brisbane – SouthCarindale$1,269,615$933,24836.0% 
Brisbane – SouthCamp Hill$1,308,216$971,90034.6% 
Brisbane – SouthHolland Park$1,109,533$843,64631.5%Sep-21
Brisbane – SouthFairfield$1,046,194$803,57230.2%Nov-21
Brisbane – SouthTarragindi$1,184,878$910,37630.2%Aug-21
Brisbane – SouthDutton Park$1,098,209$847,32529.6%Sep-21
Brisbane – SouthCannon Hill$1,052,409$814,80929.2% 
Brisbane – SouthHolland Park West$1,051,260$818,60028.4% 
Brisbane – SouthMackenzie$1,155,206$903,88927.8%Jul-21
Brisbane – SouthWishart$1,033,003$813,91226.9%Nov-21
Brisbane – SouthStretton$1,008,471$816,62023.5%Nov-21
Brisbane – WestGraceville$1,301,294$962,44335.2%May-21
Brisbane – WestSherwood$1,058,109$794,93533.1% 
Brisbane – WestCorinda$1,000,040$754,04132.6%Nov-21
Brisbane – Westthe Gap$1,004,291$762,79631.7%Nov-21
Brisbane – WestKenmore Hills$1,278,197$984,80329.8%Feb-21
Brisbane – WestChapel Hill$1,158,228$894,86029.4%Jun-21
Brisbane – WestAnstead$1,177,323$984,88719.5%Apr-21
Brisbane – WestMount Ommaney$1,094,569$916,03319.5% 
Brisbane Inner CityNorman Park$1,265,015$951,17233.0%Apr-21
Brisbane Inner CityNewmarket$1,014,452$763,90032.8%Nov-21
Brisbane Inner CitySeven Hills$1,284,219$973,68431.9%Mar-21
Brisbane Inner CityRed Hill$1,259,593$982,92728.1%May-21
Brisbane Inner CityBulimba$1,011,377$793,84627.4%Nov-21
Brisbane Inner CityEast Brisbane$1,108,236$876,17326.5%Oct-21
Brisbane Inner CityAlderley$1,021,917$812,38125.8%Nov-21
Logan – BeaudesertChambers Flat$1,001,786$783,62427.8%Nov-21
Moreton Bay – NorthNewport$1,008,750$750,75334.4%Nov-21
Moreton Bay – SouthOcean View$1,032,760$801,87828.8%Oct-21
Moreton Bay – SouthBunya$1,212,979$954,21427.1%Jun-21

Source: CoreLogic

Here are the rest of Queensland suburbs that joined the million-dollar club

SA4 Suburb Median value (current) Median value (12m ago) Annual change Month values reached $1m
Gold CoastBurleigh Waters$1,306,559$909,65843.6% 
Gold CoastMermaid Waters$1,370,921$955,69043.4%Mar-21
Gold CoastMiami$1,019,027$720,29141.5%Nov-21
Gold CoastYatala$1,054,506$760,33638.7% 
Gold CoastElanora$1,085,630$788,81137.6%Oct-21
Gold CoastTugun$1,022,004$743,92137.4%Nov-21
Gold CoastPalm Beach$1,243,184$905,06937.4% 
Gold CoastBurleigh Heads$1,036,023$771,56434.3%Oct-21
Gold CoastCurrumbin$1,190,998$894,73433.1%May-21
Gold CoastCurrumbin Waters$1,091,816$830,31931.5%Sep-21
Gold CoastBenowa$1,088,229$830,85131.0%Sep-21
Gold CoastTallai$1,192,265$910,89230.9%Apr-21
Gold CoastHollywell$1,104,908$849,39430.1%Aug-21
Gold CoastBonogin$1,254,262$965,79929.9%Apr-21
Gold CoastParadise Point$1,176,438$912,88628.9%May-21
Gold CoastReedy Creek$1,092,648$848,41328.8%Aug-21
Gold CoastWongawallan$1,137,465$886,33428.3%Jul-21
Sunshine CoastNinderry$1,174,516$811,30244.8%Aug-21
Sunshine CoastMoffat Beach$1,151,719$821,01040.3%Jul-21
Sunshine CoastNoosaville$1,257,866$903,91339.2% 
Sunshine CoastBokarina$1,358,983$981,95138.4%Mar-21
Sunshine CoastYandina Creek$1,291,786$943,44336.9%May-21
Sunshine CoastBlack Mountain$1,023,831$750,37136.4%Nov-21
Sunshine CoastPelican Waters$1,163,190$856,66935.8%Jun-21
Sunshine CoastCooroibah$1,190,659$879,54135.4%Jul-21
Sunshine CoastLake Macdonald$1,089,172$804,72035.3%Aug-21
Sunshine CoastWarana$1,025,362$759,08135.1% 
Sunshine CoastCoolum Beach$1,048,627$776,72035.0%Oct-21
Sunshine CoastDicky Beach$1,070,475$794,83434.7%Sep-21
Sunshine CoastYaroomba$1,199,446$894,56134.1% 
Sunshine CoastMaroochy River$1,113,592$831,34933.9%Sep-21
Sunshine CoastMudjimba$1,020,473$763,92833.6%Nov-21
Sunshine CoastTwin Waters$1,231,145$945,06830.3%May-21
Sunshine CoastBuderim$1,000,518$771,39129.7%Nov-21
Sunshine CoastEumundi$1,099,407$849,46129.4% 
Sunshine CoastDiddillibah$1,135,777$890,22527.6%May-21
Sunshine CoastRosemount$1,018,265$806,75726.2%Nov-21
Sunshine CoastEerwah Vale$1,047,409$842,58224.3%

Source: CoreLogic

Brett Warren
About Brett Warren
Brett Warren is Director of Metropole Properties Brisbane and uses his 13 plus years property investment experience to advise clients how to grow, protect and pass on their build their wealth through property.
Back
archive__image