While the general price growth for the greater Brisbane property market has been steady for most suburbs, there are some which have well and truly over performed.
Some in demand suburbs in the greater Brisbane area chalked up massive median price increases and “earned’’ more than a typical worker during the past year, which according to the Australian Bureau of Statistics is $78,832 per annum.
23 suburbs in greater Brisbane achieved median house price growth of more than the above figures in the past year.
Inner city Teneriffe and its neighbour New Farm topped the list. Teneriffe’s median house price leapt from $1.47 million in 2015 to $1.9 million last year – a difference of $430,000. New Farm also performed well with its median house price jumping by $316,000 to $1.675 million.
Inner city suburbs were not the only ones to achieve such strong growth during the year. In the outer suburbs south of Brisbane, Robertson “earned” well above the average yearly wage last year with its median house price up by $227,000.
SUBURBS THAT EARNT MORE THEN THE AVERAGE WORKER
Suburb Median 2016 – Suburb Median 2015 – Difference
Teneriffe: 2016 – $1,900,000 2015 – $1,470,000 Difference – $430,000
New Farm: 2016 – $1,675,000 2015 – $1,358,750 Difference – $316,250
Milton: 2016 – $951,000 2015 – $695,500 Difference – $255,500
Robertson: 2016 – $1,077,000 2015 – $850,000 Difference – $227,000
Wilston: 2016 – $1,100,000 2015 – $901,250 Difference – $198,750
Chandler: 2016 – $1,310,500 2015 – $1,112,500 Difference – $198,000
South Brisbane: 2016 – $1,416,200 2015 – $1,220,000 Difference – $196,200
Anstead: 2016 – $835,000 2015 – $650,000 Difference – $185,000
Yeerongpilly: 2016 – $675,000 2015 – $545,000 Difference – $130,000
Hawthorne: 2016 – $1,222,500 2015 – $1,095,000 Difference – $127,500
So as you can see Queensland’s capital city is still a great place to be spending your investment dollars, as well as 100km’s both North and South of Brisbane taking in lifestyle properties in the Sunshine and Gold Coasts. These markets will find you spending far less on your property purchases and still achieving over 6% rental yields.
With more and more land becoming available in developments such as Harmony and Aura “The City of Colour” on the Sunshine Coast – there is definitely a huge buzz around investing.
Here at Blue Wave Property Strategies we work in with developers from all over Queensland with a wide variety of property investments from the Sunshine Coast down to the Gold Coast and can source quality builds all over Australia to suit our clients needs.
Get in touch with us now to have a chat about your future investing and helping you ride the wave to wealth through property! Email us HERE or call Chris direct on 0434 449 455
Thanks to realestate.com for the stats
