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.
- Also read:The latest Corelogic Rental Market Report
- Also read:The Boom and Bust of our Property Cycles: A Journey Through the Investor’s Mind
- Also read:Vacancy Rates Remained Steady at 1.0% | SQM Research
- Also read:Dr. Andrew Wilson Decodes the Property News: Find Out What’s Really Coming! | Property Insiders [Video]
- Also read:Perth housing market update | April 2024
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
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