The Domain Group has just revealed the top performing Brisbane suburbs for 2017. For the purposes of this list, suburbs were measured by their median house price growth: the more growth, the higher they placed on the list for the year.
Teneriffe, which was the first Brisbane suburb to break into the $2m median, saw growth skyrocket by 41% to hit a new median of $2,685,000.
Meanwhile, the leafy inner city village of Auchenflower saw median house price growth of 30.3% over the year, achieving a new median of $1.14m. Buyers are attracted to this area due to its abundant supply of prestige housing and enviable schools, according to local agent Glynis Austin.
Fig Tree Pocket’s median house price has grown by an impressive 26.6% to hit $1.22m. Local agents attribute the suburb’s impressive growth to the completion of Legacy Way, the 4.6km-long tunnel that links the Western Freeway at Toowong to the Inner City Bypass at Kelvin Grove.
Also read: High prices haven’t dampened demand in Manly
St Lucia saw median house price percentage growth of 25.8%, giving the suburb a new median of $1.25m. Seven Hills is up by 23.4% and its neighbour Morningside is up by 17.4%, hitting new medians of $885,000 and $757,000 respectively.
Ascot, Brisbane’s ultimate blue chip suburb, also made it into the top 10. The prestige suburb witnessed an increase of 17.4%, hitting a new median of $1.5m.
Corinda, in Brisbane’s western suburbs, saw its median house price rise by 17%, achieving a new median of $731,000.
Kangaroo Point and New Farm also saw significant median house price increases, rising 21.3% and 18.5% respectively to hit new medians of $972,000 and $1.6 million.