The most in-demand Brisbane suburbs for July 2018
Brisbane may not be the most popular Queensland location to invest into compared to other markets, but it is certainly seeing a rise in demand and in median price, according to new data.
Data from realestate.com.au’s Property Outlook – July 2018 report shows that demand in Brisbane is up 5.9 per cent year-on-year. Both houses and apartments are up, with rises of 6.7 per cent and 4.5 per cent respectively.
The report stated that offshore property searches are very active and is the most popular capital city for demand from this particular investor type.
The overall median price saw a rise of 1 per cent to $485,000, with the report noting that the timing in the cycle seems to be moving out of sync with Sydney and Melbourne, claiming “prices never increased to the same level and it remains far more affordable”.
Overall, metro Brisbane was fairly in demand and experienced positive price growth. The eastern region of Brisbane was the most in demand and saw the largest median price growth, with a rise in demand of 16.7 per cent and a median price rise of 5.7 per cent to $556,000. The next best region in demand was the inner city region, which saw demand rise to 13.7 per cent, but was the only region to experience a price growth decline by 3.1 per cent down to $628,000.
The most 10 popular suburbs in Brisbane, according to realestate.com.au, are:
Houses
- East Brisbane
- Indooroopilly
- Paddington
- Holland Park
- Wilston
- Chandler
- Windsor
- Coorparoo
- Newmarket
- Toowong
Apartments
- Graceville
- Mansfeld
- Tarragindi
- Camp Hill
- Red Hill
- Ashgrove
- Holland Park
- Tingalpa
- New Farm
- Paddington
Regional Queensland saw every single area rise in demand with the exception of the Gold Coast, which declined by 9.1 per cent. The strongest rise in demand was Gladstone, which was up 39.1 per cent and a median price of $230,000 and was followed by Fraser Coast, which was up 33.8 per cent and a median price of 33.8 per cent and Gympie, which was up 32.2 per cent and a median price of $295,000.
Despite the demand, price growth was fairly down, aside from four areas; the Sunshine Coast which rose 5.8 per cent to $545,000, the Gold Coast which rose 4.1 per cent, Mackay which rose 0.3 of a percentage point to $321,000 and Gympie, which held steady.
Gladstone saw the largest median price growth decline, falling 14.8 per cent, and was followed by Rockhampton, which declined 12.7 per cent to $240,000 and Bundaberg, which declined 7 per cent to a median price of $265,000.
Metro Brisbane median price and demand
|
Region |
Median price |
Median price year-on-year percentage change |
Demand year-on-year percentage change |
|
East
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|
$556,000 |
5.7% |
16.7% |
|
North |
$540,000 |
1.9% |
6.0% |
|
South |
$635,000 |
1.6% |
-2.1% |
|
West |
$633,500 |
0.6% |
0.1% |
|
Inner City |
$628,000 |
-3.1% |
13.7% |
Regional Queensland median price and demand
|
Region |
Median price |
Median price year-on-year percentage change |
Demand year-on-year percentage change |
|
Bundaberg |
$265,000 |
-7.0% |
30.2% |
|
Cairns |
$340,000 |
-4.2% |
6.5% |
|
Douglas |
$335,000 |
-1.2% |
19.3% |
|
Fraser Coast |
$305,000 |
-1.6% |
33.8% |
|
Gladstone |
$230,000 |
-14.8% |
39.1% |
|
Gold Coast |
$536,000 |
4.1% |
-9.1% |
|
Gympie |
$295,000 |
0.0% |
32.2% |
|
Mackay |
$321,000 |
0.3% |
31.1% |
|
Noosa |
$608,000 |
-3.5% |
24.2% |
|
Rockhampton |
$240,000 |
-12.7% |
5.6% |
|
Sunshine Coast |
$545,000 |
5.8% |
6.5% |
|
Toowoomba |
$355,000 |
-1.0% |
4.8% |
|
Townsville |
$310,000 |
-1.6% |
10.9%
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