Posted: 17 October, 2016

These Are The Brisbane Suburbs Where Property Prices Have Doubled

Tags: brisbane

House prices in some of Brisbane’s suburbs have doubled in the past ten years.

According to Domain Group data, median house prices in South Brisbane, Newmarket and Wishart have more than doubled in value over the past decade.

If you bought a house in one of these suburbs back in 2006 then you might be sitting on a goldmine:

South Brisbane – 120.6% growth - $965,000 median price
Newmarket – 105.1% growth - $805,000 median price
Wishart – 102.3% growth - $647,500 median price
MacGregor – 98.7% growth – $755,000 median price
Cannon Hill – 98.6% growth - $735,000 median price
Northgate – 98.4% growth - $605,000 median price
Sunnybank – 97.3% growth - $720,000 median price
Wilston – 95.4% growth - $967,000 median price
Balmoral – 93.3% - $923,000 median price
Camp Hill – 92.0% - $787,100 median price

“These are generally suburbs where owners have above average incomes, and have most likely spent a lot of money on their homes,” Propertyology managing director Simon Pressley told Domain.

“While someone in South Brisbane may have bought for $500,000 and now their home is worth $1 million, they might have spent $800,000 on the home,” he said.

Tags: brisbane

To Read Next