These suburbs joined the million dollar club in Brisbane

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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.

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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 – East Manly $1,099,196 $851,541 29.1% Sep-21
Brisbane – East Belmont $1,014,333 $794,614 27.7% Nov-21
Brisbane – East Wakerley $1,039,872 $821,392 26.6% Oct-21
Brisbane – North Wavell Heights $1,111,222 $831,753 33.6% Aug-21
Brisbane – North Kedron $1,019,751 $783,958 30.1% Nov-21
Brisbane – North Gordon Park $1,043,372 $815,221 28.0% Oct-21
Brisbane – North Shorncliffe $1,017,031 $816,383 24.6% Nov-21
Brisbane – North Bridgeman Downs $1,085,695 $873,018 24.4% Sep-21
Brisbane – South Carindale $1,269,615 $933,248 36.0%  
Brisbane – South Camp Hill $1,308,216 $971,900 34.6%  
Brisbane – South Holland Park $1,109,533 $843,646 31.5% Sep-21
Brisbane – South Fairfield $1,046,194 $803,572 30.2% Nov-21
Brisbane – South Tarragindi $1,184,878 $910,376 30.2% Aug-21
Brisbane – South Dutton Park $1,098,209 $847,325 29.6% Sep-21
Brisbane – South Cannon Hill $1,052,409 $814,809 29.2%  
Brisbane – South Holland Park West $1,051,260 $818,600 28.4%  
Brisbane – South Mackenzie $1,155,206 $903,889 27.8% Jul-21
Brisbane – South Wishart $1,033,003 $813,912 26.9% Nov-21
Brisbane – South Stretton $1,008,471 $816,620 23.5% Nov-21
Brisbane – West Graceville $1,301,294 $962,443 35.2% May-21
Brisbane – West Sherwood $1,058,109 $794,935 33.1%  
Brisbane – West Corinda $1,000,040 $754,041 32.6% Nov-21
Brisbane – West the Gap $1,004,291 $762,796 31.7% Nov-21
Brisbane – West Kenmore Hills $1,278,197 $984,803 29.8% Feb-21
Brisbane – West Chapel Hill $1,158,228 $894,860 29.4% Jun-21
Brisbane – West Anstead $1,177,323 $984,887 19.5% Apr-21
Brisbane – West Mount Ommaney $1,094,569 $916,033 19.5%  
Brisbane Inner City Norman Park $1,265,015 $951,172 33.0% Apr-21
Brisbane Inner City Newmarket $1,014,452 $763,900 32.8% Nov-21
Brisbane Inner City Seven Hills $1,284,219 $973,684 31.9% Mar-21
Brisbane Inner City Red Hill $1,259,593 $982,927 28.1% May-21
Brisbane Inner City Bulimba $1,011,377 $793,846 27.4% Nov-21
Brisbane Inner City East Brisbane $1,108,236 $876,173 26.5% Oct-21
Brisbane Inner City Alderley $1,021,917 $812,381 25.8% Nov-21
Logan – Beaudesert Chambers Flat $1,001,786 $783,624 27.8% Nov-21
Moreton Bay – North Newport $1,008,750 $750,753 34.4% Nov-21
Moreton Bay – South Ocean View $1,032,760 $801,878 28.8% Oct-21
Moreton Bay – South Bunya $1,212,979 $954,214 27.1% 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 Coast Burleigh Waters $1,306,559 $909,658 43.6%  
Gold Coast Mermaid Waters $1,370,921 $955,690 43.4% Mar-21
Gold Coast Miami $1,019,027 $720,291 41.5% Nov-21
Gold Coast Yatala $1,054,506 $760,336 38.7%  
Gold Coast Elanora $1,085,630 $788,811 37.6% Oct-21
Gold Coast Tugun $1,022,004 $743,921 37.4% Nov-21
Gold Coast Palm Beach $1,243,184 $905,069 37.4%  
Gold Coast Burleigh Heads $1,036,023 $771,564 34.3% Oct-21
Gold Coast Currumbin $1,190,998 $894,734 33.1% May-21
Gold Coast Currumbin Waters $1,091,816 $830,319 31.5% Sep-21
Gold Coast Benowa $1,088,229 $830,851 31.0% Sep-21
Gold Coast Tallai $1,192,265 $910,892 30.9% Apr-21
Gold Coast Hollywell $1,104,908 $849,394 30.1% Aug-21
Gold Coast Bonogin $1,254,262 $965,799 29.9% Apr-21
Gold Coast Paradise Point $1,176,438 $912,886 28.9% May-21
Gold Coast Reedy Creek $1,092,648 $848,413 28.8% Aug-21
Gold Coast Wongawallan $1,137,465 $886,334 28.3% Jul-21
Sunshine Coast Ninderry $1,174,516 $811,302 44.8% Aug-21
Sunshine Coast Moffat Beach $1,151,719 $821,010 40.3% Jul-21
Sunshine Coast Noosaville $1,257,866 $903,913 39.2%  
Sunshine Coast Bokarina $1,358,983 $981,951 38.4% Mar-21
Sunshine Coast Yandina Creek $1,291,786 $943,443 36.9% May-21
Sunshine Coast Black Mountain $1,023,831 $750,371 36.4% Nov-21
Sunshine Coast Pelican Waters $1,163,190 $856,669 35.8% Jun-21
Sunshine Coast Cooroibah $1,190,659 $879,541 35.4% Jul-21
Sunshine Coast Lake Macdonald $1,089,172 $804,720 35.3% Aug-21
Sunshine Coast Warana $1,025,362 $759,081 35.1%  
Sunshine Coast Coolum Beach $1,048,627 $776,720 35.0% Oct-21
Sunshine Coast Dicky Beach $1,070,475 $794,834 34.7% Sep-21
Sunshine Coast Yaroomba $1,199,446 $894,561 34.1%  
Sunshine Coast Maroochy River $1,113,592 $831,349 33.9% Sep-21
Sunshine Coast Mudjimba $1,020,473 $763,928 33.6% Nov-21
Sunshine Coast Twin Waters $1,231,145 $945,068 30.3% May-21
Sunshine Coast Buderim $1,000,518 $771,391 29.7% Nov-21
Sunshine Coast Eumundi $1,099,407 $849,461 29.4%  
Sunshine Coast Diddillibah $1,135,777 $890,225 27.6% May-21
Sunshine Coast Rosemount $1,018,265 $806,757 26.2% Nov-21
Sunshine Coast Eerwah Vale $1,047,409 $842,582 24.3%

Source: CoreLogic

ALSO READ: Brisbane’s property market forecast for strong growth in 2022

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About

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. Visit: Metropole Brisbane


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