Queensland suburbs are set to skyrocket in value according to new real estate data researched exclusively for 9News.
Data compiled by Select Residential Property (SRP) shows house prices in growth areas are expected to rise by more than 20 per cent. In dozens of suburbs prices are about to boom.
“Brisbane is heating up all on its own, regardless of the end of the pandemic, it was looking hot to begin with and it’s even hotter now,” Jeremy Sheppard, SRP’s research director said.
New data from SRP, predicting median prices through to 2023 shows the top five growth suburbs in Brisbane include Carina Heights, Mount Gravatt, Mansfield, Chapel Hill and Graceville.
Brisbane’s most affordable growth suburb is Keppera where the current median of $547,000 is expected to grow around 7 per cent per year to more than $700,000 in three years’ time.
Topping the growth list, the median at Carina Heights is $698,000.
Scroll down to see where your south-east Queensland suburb falls on the list.
Top 10 Brisbane suburbs
Original and renovated homes are in high demand.
| Suburb | P.code | Current median | Growth % forecast 1 year | New median year 1 | Growth % forecast 2 years | New median year 2 | Growth % forecast 3 years | New median year 3 |
| CARINA HEIGHTS | 4152 | $ 697,569 | 7.3 | $ 748,492 | 15 | $ 802,204 | 24 | $ 864,288 |
| MOUNT GRAVATT | 4122 | $ 670,616 | 7.1 | $ 718,230 | 15 | $ 768,526 | 23 | $ 826,870 |
| MANSFIELD | 4122 | $ 700,479 | 7.1 | $ 750,213 | 15 | $ 802,749 | 23 | $ 863,691 |
| CHAPEL HILL | 4069 | $ 847,446 | 7.1 | $ 907,615 | 15 | $ 971,173 | 23 | $ 1,044,901 |
| GRACEVILLE | 4075 | $ 934,034 | 7.0 | $ 999,416 | 14 | $ 1,067,601 | 23 | $ 1,146,060 |
| KEPERRA | 4054 | $ 574,213 | 6.8 | $ 613,259 | 14 | $ 654,029 | 22 | $ 701,114 |
| STAFFORD | 4053 | $ 650,717 | 6.8 | $ 694,966 | 14 | $ 741,167 | 22 | $ 794,525 |
| SALISBURY | 4107 | $ 600,800 | 6.8 | $ 641,654 | 14 | $ 684,311 | 22 | $ 733,577 |
| ALDERLEY | 4051 | $ 847,637 | 6.8 | $ 905,276 | 14 | $ 965,459 | 22 | $ 1,034,965 |
| BELMONT | 4153 | $ 717,229 | 6.8 | $ 766,001 | 14 | $ 816,924 | 22 | $ 875,737 |
“Buyers are drawn to the big blocks with wide frontages, and they can do a lot to the dwellings,” Craig Loudon from Tobin Real Estate said.
Demand is also up at Carrara on the Gold Coast.
“All of our houses within the first week (have sold) for over the asking price, and we’ve had so much demand from the buyers, we’re actually selling a fair few properties off market,” Tayla McCarthy from @Realty said.
Across the broader south-east
Gold Coast – Tweed
| Suburb | P.code | Current median | Growth % forecast 1 year | New median year 1 | Growth % forecast 2 years | New median year 2 | Growth % forecast 3 years | New median year 3 |
| BILAMBIL HEIGHTS | 2486 | $ 589,806 | 7.0 | $ 631,092 | 14 | $ 674,738 | 23 | $ 725,461 |
| MIAMI | 4220 | $ 802,988 | 6.5 | $ 855,182 | 13 | $ 909,785 | 21 | $ 973,221 |
| ELANORA | 4221 | $ 723,275 | 6.3 | $ 768,841 | 13 | $ 817,301 | 21 | $ 872,993 |
| BURLEIGH WATERS | 4220 | $ 849,232 | 6.1 | $ 901,035 | 13 | $ 956,235 | 20 | $ 1,019,928 |
| TWEED HEADS WEST | 2485 | $ 590,890 | 5.8 | $ 625,162 | 12 | $ 661,797 | 19 | $ 704,341 |
Ipswich
| OXLEY | 4075 | $ 576,783 | 5.1 | $ 606,199 | 11 | $ 637,922 | 17 | $ 674,259 |
| DARRA | 4076 | $ 431,523 | 4.6 | $ 451,373 | 10 | $ 472,518 | 15 | $ 497,546 |
| KARALEE | 4306 | $ 567,730 | 4.2 | $ 591,575 | 9 | $ 618,258 | 14 | $ 648,915 |
| SUMNER | 4074 | $ 496,418 | 4.0 | $ 516,275 | 9 | $ 538,614 | 14 | $ 564,427 |
| GAILES | 4300 | $ 274,186 | 3.9 | $ 284,879 | 8 | $ 296,669 | 13 | $ 310,379 |
Logan-Beaudesert
| DAISY HILL | 4127 | $ 512,317 | 4.9 | $ 537,421 | 10 | $ 564,573 | 16 | $ 596,337 |
| SLACKS CREEK | 4127 | $ 330,902 | 4.7 | $ 346,454 | 10 | $ 363,661 | 16 | $ 383,515 |
| BETHANIA | 4205 | $ 354,327 | 4.2 | $ 369,209 | 9 | $ 385,862 | 14 | $ 404,996 |
| LOGANHOLME | 4129 | $ 414,966 | 4.2 | $ 432,395 | 9 | $ 451,898 | 14 | $ 474,306 |
| CEDAR GROVE | 4285 | $ 488,371 | 3.7 | $ 506,441 | 8 | $ 526,464 | 13 | $ 550,394 |
Moreton Bay – South
| FERNY HILLS | 4055 | $ 579,696 | 6 | $ 614,478 | 12.3 | $ 650,999 | 19.6 | $ 693,316 |
| EVERTON HILLS | 4053 | $ 588,391 | 6 | $ 623,694 | 12.3 | $ 660,763 | 19.6 | $ 703,716 |
| ARANA HILLS | 4054 | $ 570,973 | 5.1 | $ 600,093 | 10.6 | $ 631,496 | 16.9 | $ 667,467 |
| BUNYA | 4055 | $ 866,513 | 5.1 | $ 910,705 | 10.6 | $ 958,363 | 16.9 | $ 1,012,954 |
| STRATHPINE | 4500 | $ 428,443 | 4.9 | $ 449,437 | 10.2 | $ 472,144 | 16.4 | $ 498,708 |
This article is republished from 9news.com.au under a Creative Commons license. Read the original article
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