Queensland’s most expensive suburbs

A research study which highlighted Queensland’s most expensive suburbs was conducted by realestateview.com.au recently.

According to the findings in the study, the following suburbs were revealed in the study as the state’s most pricey property locations for buyers:

1. New Farm – median price $1.5 million

A stone’s throw from Brisbane river, New Farm Park and the popular Powerhouse have contributed to this suburb’s street appeal. Add in bistros, bars and close proximity to eclectic music haunts have made this suburb Brisbane’s most expensive suburbs for buyers within the city. It’s access to the CityCat, The Valley night clubs and a myriad of old school housing estate’s have set it apart form competitors.

Historically, New Farm comprised of boarding houses and low income renters but as the study reflects, this is long gone and left behind is Brisbane’s most sought after property hub. Geographically New Farm is a pocket with no thorough fares so it can make things difficult for people driving in and out by car, adding to its upmarket suburban feel. That ultimately is what makes New Farm so social – a quite pocket, a stones throw from the CBD, on the River and with a strong coffee and restaurant culture.

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2. Teneriffe – median price $1.4 million

Heritage architectural buildings such as the old wool sheds, fashionable boutique outlets and fine dining are some of the drawcards of this inner city suburb. Here, owners will enjoy riverfront views or walk alongside it for leisure pursuits, can catch a ferry to work or across to trendy Bulimba and enjoy the eating estuaries of the Eat Street Markets. It’s quiet enclave position which will have buyers believe they are miles away from the hustle and bustle of the city while it is virtually at their doorstep.

Teneriffe, formerly part of Newstead, is a property hot spot just three kilometres from the CBD. The riverfront along Macquarie Street is home to some of Brisbane’s best homes and the suburb marked for major developments. It’s trendy urban chic appeal will ensure ongoing population growth.

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3. Surfers Paradise – median price $1.25 million

Surfers Paradise is perhaps Australia’s most famous beachside suburb, and attracts visitors from around the world. An exciting suburb consisting A revamp of the city due to the new transport network, a modernisation of Pacific Fair and revitalisation of buildings die to the upcoming Commonwealth games has made this a hot spot for both local buyers and international investors.

Surfers Paradise is referred to as the ‘Glitter Strip’ by Australian residents with a look and feel like a mini-Los Vegas with bars,  nightclubs and hotels. Thus it is host to ‘Schoolies Week’ for students completing their final year of high school throughout Australia. However, Surfers has reclaimed its image as a classy suburb with a  Hilton Hotel and refurbishment of the shopping precinct. Surfers Paradise is a tourist hub for International guests with many trinket shops on hand, but it is thriving with life often hosting community events, seaside markets and entertainment.

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4. Ascot –  median price $1.25 million

Ascot is a well-established suburb in Brisbane characterised by large Queenslander homes. It is  seven kilometres from the CBD, is well-renowned for its beautiful old estates, picturesque poinciana tree-lined shopping area of Racecourse Road, and for Queensland’s premier house racing tracks, Eagle Farm and Doomben racecourses.

One of Brisbane’s oldest suburbs, Ascot features magnificent homes, most fully restored, coupled with amazing views of the City, River and/or Moreton Bay.

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5. Mermaid Beach – median price $1.225 million

Situated in the heart of the Gold Coast, this suburb is desirable because of its prime beach side location. Mermaid Beach’s central location to the glimmer strip, Casino and Pacific Fair but still retaining a some what laid back and relaxed atmosphere, has positioned it as a property hot spot.

Mermaid Beach has one of the Australia’s most affluent streets, Hedges Avenue, with absolute beach side mansions taking up multiple traditional housing lots. A small suburb, property in Mermaid Beach is closely held and premium property along canals and the beach are strongly sort after.

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6. Bulimba – median price $1.217 million

Positioned near trendy Oxford Street, Bulimba offers ample opportunities to shop, catch a movie or wine and dine at a diverse range of restaurants which has transformed this sleepy pocket into a prestigious suburb.  Bulimba residents soak up riverfront views, enjoy CityCat access and ample transport options, all within close proximity of the CBD.

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7. Hamilton – median price $1.115 million

Hamilton is an inner northern suburb of of Brisbane resting on the north bank of the river along Hamilton Reach. The area is hilly with views of the Brisbane central business district. Historically, it carries a prestigious reputation known by ‘old wealth’ for its aristocrats and clergy who resided in hidden mansions nestled in the hilltops since Brisbane was first settled by Europeans. Portside Wharf is the residential development at Hamilton which hosts an art house cinema, restaurants and apartments. There is also an international cruise terminal.  Hamilton is six km north-east of Brisbane accessible by the Breakfast Creek bridge and Kingsford Smith Drive. It enjoys close proximity to Brisbane Airport.

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8. West End – median price $1.075 million

Within walking distance to the the city, South Bank and West End Markets are just some of the attractions of this suburb. Team that with a thriving bohemian arts culture, a multicultural undertone, the West End Markets and pockets of live music venues and eateries in Boundary Street, position this as one of Brisbane’s best suburbs to live in.

West End has an industrial backbone, in particular, along Montague Road down to Riverside Drive.  The William Jolly Bridge link it to areas like Milton. With High Gate Hill, also considered an upmarket Brisbane suburb, set close by distinguishes it as one of Brisbane’s best and liveliest suburbs.

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9. Hawthorne – median price $1.55 million

Hawthorne is considered an old prestige suburb sitting on the southside of Brisbane, boasts stunning city views from many spots and is host to some of Brisbane’s best private schools. Littered with large and attractive restored Queenslander’s, a strong connection to the Brisbane river, a short stroll from a premier suburbs dining precinct (Oxford Street) and generally a quite and relaxed atmosphere, make this one of Brisbane’s most sort after suburbs.

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10. St Lucia – median price $1.05 million

Home to The University of Queensland and close to a host of shopping venues including Toowong and Indooroopilly have contributed to add to St Lucia’s appeal as one of Brisbane’s finest leafy suburbs. Set among old stately homes on the river which enjoy large blocks and green space and yet very close to the University and excellent shopping and services, makes St Lucia enviable place to reside within and a standout in Brisbane’s western suburbs.

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Written: 22 June 2016, Updated: 15 January 2020

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