Southeast Queensland Property Soars to Record Prices

May 6, 2021
| Alina Kuzminova

Property prices have soared for the seventh consecutive quarter in Queensland, with Caboolture Hinterland topping the list of the year-on-year growth of 17.3 per cent in median house price to $475,000. For units, Redcliffe has come up on top with 23.4 per cent year-on-year growth to $480,000. the entire Southeast Queensland benefited from record low-interest rates, increasing demand from interstate, and buyer competition.

Top house prices

Region Mar-21 Mar-20 Mar-16 YoY
Caboolture Hinterland $475,000 $405,000 $370,000 17.3%
Brisbane Inner – East $1,053,000 $930,000 $795,000 13.2%
Brisbane Inner – North $1,100,000 $972,500 $830,000 13.1%
Brisbane Inner $1,200,000 $1,061,500 $883,750 13.0%
Carindale $890,000 $790,000 $697,000 12.7%
Redcliffe $540,000 $485,000 $427,250 11.3%
Sandgate $569,000 $515,000 $451,000 10.5%
Brisbane Inner – West $1,170,000 $1,060,000 $850,000 10.4%
The Hills District $685,585 $621,750 $560,000 10.3%
Wynnum – Manly $700,000 $640,000 $570,000 9.4%
North Lakes $500,000 $460,000 $420,000 8.7%
Holland Park – Yeronga $900,000 $828,750 $699,000 8.6%
The Gap – Enoggera $731,900 $675,000 $590,000 8.4%
Nathan $750,000 $693,500 $615,000 8.1%
Kenmore – Brookfield – Moggill $866,000 $810,813 $710,000 6.8%
Bribie – Beachmere $548,500 $513,500 $415,000 6.8%
Jimboomba $561,000 $527,500 $470,750 6.4%
Sherwood – Indooroopilly $1,035,000 $978,000 $806,500 5.8%

Domain House Price Report, March 2021

Top unit prices

SA3 Mar-21 Mar-20 Mar-16 YoY
Redcliffe $480,000 $389,000 $380,000 23.4%
Brisbane Inner – West $480,000 $445,000 $515,000 7.9%
Bald Hills – Everton Park $483,000 $450,000 $430,000 7.3%
Cleveland – Stradbroke $489,500 $458,250 $455,000 6.8%
Chermside $409,500 $385,000 $455,000 6.4%
Narangba – Burpengary $292,000 $275,000 $252,500 6.2%
Capalaba $412,500 $390,000 $382,000 5.8%
Carindale $509,300 $482,000 $470,000 5.7%
Brisbane Inner – North $480,000 $465,000 $492,000 3.2%
Bribie – Beachmere $371,250 $360,500 $333,000 3.0%

Domain House Price Report, March 2021

Coastal Cities

With the amount of demand Sunshine Coast has been experiencing, it is bound to soon become Queensland’s priciest place to buy a house as the median house price surged to $770,000. This median price comes after the 19.4 per cent increase over the past 12 months. Meanwhile, on the Gold Coast, the median house price has increased by 15.4 per cent to $749,950.

Sunshine State’s coastal cities continued reaping the rewards of the property growth as remote working and relocation become a new normal for many. It’s not a surprise as people are drawn to Queensland’s affordability, liveability, pleasant climate and great value for money.

Given Southeast Queensland’s outstanding property performance, it is an opportune time to consider selling your home. Follow this link to see your property’s potential with the What’s My Property Worth report.

Alina Kuzminova
Article by Alina Kuzminova
From travelling the world to delving into the communications industry, Alina joined Coronis and the real estate industry in 2019. By the time Alina turned 21, she has lived in four countries by herself, exploring the possibilities our world has…
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