Which Suburbs Still Have A Million Dollar Median Price?
  • 22 February 2019

Which Suburbs Still Have A Million Dollar Median Price?

CoreLogic just reported that as at the end of January 2019, there were 649 suburbs across Australia that had a median house or unit value at or in excess of $1 million.  This figure had increased substantially from 123 suburbs a decade earlier.

There’s been a big shift in Brisbane’s million-dollar club with a few surprises among the whopping 27 suburbs joining the list in the latest figures:

38 Qld suburbs had a median dwelling value of at least $1 million as at January 2019.  This figure was substantially higher than the 5 suburbs a decade earlier. The number of million dollar suburbs in Qld has consistently increased each year since 2013 and is up from 34 suburbs in January 2018.   This increase in million dollar suburbs has occurred despite recently quieter housing conditions across the state. In Brisbane, there were 26 suburbs with a million dollar median, up from 22 suburbs the previous year.

Here is a list of the suburbs:

MILLION-DOLLAR STAYERS:

Teneriffe $1.67m Down -31.6%

Ascot $1.6m Up 3.2%

Chandler $1.58m Up 7.6%

New Farm $1.52m Up 11.2%

Bulimba $1.335m Up 5.1%

Hamilton $1.305m Up 0.6%

St Lucia $1.2035m Up 2%

Tennyson $1.1875m Down -2.7%

Pullenvale $1.18m Up 8.8%

Hawthorne $1.15m Down -1.2%

Paddington $1.15m Up 11.1%

Burbank $1.15m Up 15%

Auchenflower $1.135m Up 0.9%

Clayfield $1.13m Up 0.4%

Brookfield $1.105m Up 8.3%

Robertson $1.075m Up 23%

Fig Tree Pocket $1.05m Down -13.2%

Carbrook $1.0485m Down -3.1%

Kalinga $1.016m Down -13.9%

West End $1.01m Up 0.7%

MILLION-DOLLAR WINNERS:

Upper Brookfield $1.4075m

Hendra $1.1m Up 13.1%

Camp Mountain $1.1m Up 16.4%

South Brisbane $1.07m Up 27.5%

Dutton Park $1.028m Up 26.5%

Balmoral $1.0185m Up 7.8%

Bardon $1.0025m Up 9.3%

The best thing about this list is that many Property Club members have properties adjoining these suburbs, where the prices are then getting pulled upwards by these higher priced properties!

Make contact with your Property Mentor for further information regarding these!

Have a great weekend and catch you next week!


Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!

https://www.propertyclub.com.au/contact-us/

Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!


Have a great weekend and catch you next week!

Warm Regards,

Troy

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