Despite rain and flooding in SEQ, the Sunshine State capital is shining in the property market, with plenty of growth ahead – for the right properties, as Brisbane is still very affordable compared to the eastern seaboard capitals. Conveyancing Home QLD are your Brisbane and SEQ experienced conveyancing solicitors. Save with us today!
Increased demand for Brisbane houses has been supported by positive consumer sentiment, low-interest rates, and internal migration considering the relative affordability of houses in Queensland compared to Sydney and Melbourne, predicted to grow at the rate of 8 to 10% per annum throughout 2022 until eventually, affordability slows the market down.
Amid a sea-change shift effect, some of Brisbane’s most affluent streets are being put on the map. Brisbane property prices led the way with a significant 2.9% increase in the month of December and 7.4% over the final quarter of 2021 – the highest rate of quarterly growth since 2002.
The median price of a house sold at auction in Brisbane has also jumped 29.3% since the start of the year – the highest growth of any capital city – as the Queensland capital begins to embrace selling under the hammer.
Interstate migration and the sea and tree-change effect are particularly being felt in Noosa, where high sales volumes and the highest price gains in Queensland, with the region’s median price surpassing $900,000.
In March last year, 1 Leopard Street in Kangaroo Point sold for a huge $15 million. The 6-bedroom clifftop mansion has 280-degree views of the city skyline, river, and Story bridge. Given there are just 20 houses on the street and its close proximity to the CBD you can see why the price tag was so high.
Meanwhile, 22 Reading Street in Paddington is just 3km from the CBD and sold for $8 million in February. The 5-bedroom property was last sold for $5.45 million in 2013.
The most expensive streets in Brisbane
Ranking Street name Suburb Highest reported sale for 2021 (million)
| Ranking | Street name | Suburb | Highest reported sale for 2021 (million) |
| 1 | Leopard Street | Kangaroo Point | $15 |
| 2 | Reading Street | Paddington | $8 |
| 3 | Dickson Terrace | Hamilton | $7.5 |
| 4 | Main Beach Parade | Main Beach | $7.23 |
| 5 | Wynnum Road | Norman Park | $7.15 |
| 6 | Macquarie Street | Teneriffe | $6 |
| 7 | Maxwell Street | New Farm | $5.2 |
| 8 | Grassdale Road | Gumdale | $5.05 |
| 9 | London Road | Chandler | $4.6 |
| 10 | Charlton Street | Ascot | $3.9 |
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