QLD Brisbane Suburbs with Double Digit Growth

It's not all Doom and Gloom in oz.


TOP 10 GROWTH SUBURBS IN BRISBANE

Suburb - Median house price - % change in 12 months

1. Lamb Island - $220,000 - 37.5%

2. Kangaroo Point - $983,500 - 26.1%

3. Dunwich - $442,500 - 24.4%

4. Sandgate - $758,750 - 22.4%

5. Hamilton - $1,300,000 - 20.9%

6. Chandler - $1,605,000 - 19.8%

7. Paddington - $1,150,000 - 17.3%

8. Coochiemudlo Island - $322,500 - 17.3%

9. Corinda - $840,000 - 16.6%

10. Nundah - $755,000 - 16.2%

11. Alderley - $840,000 - 15.9%

12. Sunnybank - $850,000 - 15.6%

13. Point Lookout - $970,000 - 15.5%

14. Gaythorne - $720,000 - 15.2%

15. Shorncliffe - $868,500 - 15%

16. Norman Park - $967,500 - 14.9%

17. Brookfield - $1,125,000 - 14.2%

18. Gordon Park - $880,000 - 12.8%

19. Graceville - $950,000 - 12.3%

20. Chelmer - $1,150,000 - 12.2%

21. Ascot - $1,602,500 - 12.1%

22. Greenslopes - $820,000 - 11.6%

23. Ashgrove - $1,000,000 - 11.1%

24. Yeerongpilly - $810,000 - 11%

25. Thorneside - $535,750 - 10.7%

26. Carina Heights - $725,000 - 10.7%

27. New Farm - $1,545,500 - 10.4%

28. Hemmant - $535,000 - 10.3%

29. Fortitude Valley - $970,000 - 10.2%

30. Cleveland - $625,000 - 10.1%

(Source: realestate.com.au, CoreLogic, based on data to October 31, 2018)

 

These numbers are incorrect. I don’t know where they got these numbers. When you check the medium price trends on realestate.com.au, you will find most of them have growth rates less than 5%

 

As above numbers are from Corelogic, you trust realestate.com over them? haha

 

I don’t have access to CoreLogic data but I do have access to free data on realestate.com and sqmresearch.com both indicate medium house price is around $800k not $ 1m. A lot times journalists use the incorrect numbers. I guess there are two reasons: they don’t know the market and they use the incorrect numbers to get more readers

 

I am using medium price of Indooroopilly, $800k, as an example.

 

Just to clear up your confusion here - the rolling median such as Realestate.com.au and the monthly median from corelogic are two different things. In this example Realestate.com.au will compare the change from median at 31 Oct 17 (which is median of last 12 months) with median of 31 Oct 18 (which is median of last 12 months). Corelogic is providing the difference between median at 31 Oct 17 (the month of October) with median at 31 Oct 18 (the month of October). Rolling 12 month medians are used to take the highs and lows out but dont reflect the performance in that month. Ive added graphs of indro of the same time period for you to compare.

 

The reason its important to know these differences is because access to realestate.com.au will not give you a true sense of markets heating up and cooling. You’ll be behind on the lag and forever wonder why people are paying so far above the median.

 

Are we there yet? I have been quiet in the brisbane thread for a while.

 

Thanks for the clarification. As per realestate.com data, 111 houses were sold in indooroopilly in 2018. Therefore, 9.2 houses were sold each month. Monthly median price could fluctuate substantially due to the small number of transactions. Making a 24.1% gain in Indooroopilly last year is not possible.

All the suburbs in the article have very low monthly transactions. The data are misleading and giving readers the impression that these suburbs are booming and Brisbane is booming.

Your corelogic graph only shows half year data. Are you able to provide the whole year' data so we can see the changes in the entire year.

 

What happens if your margin drops?

I have seen people who had 20% margin drop to close to zero.......

 

Read the Valuer-General's 2019 Property Market Movement Report

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Here is the latest valuation reports from the valuer general I just got yesterday. I haven't read the entire document yet but pretty much entire of Brisbane/Logan/Ipswich/Moreton all have increased in land values since 2017.

I'm very very happy with my QLD investments thus far.

 

And how is it different from the one's ChrisP73 uploaded just above yours?

 

Interesting read - Based on land values its great when there is still opportunities to pick up properties under their intrinsic values or at good prices relative to construction costs.
I recently helped my parents purchase one for $267k and the land value was $207k

 

Sorry didnt even read any of the posts above. Same document. Interesting read though from the Valuer General - just by looking at the graph some nice gains since 2017 since the last valuation.

My view with Brisbane and surrounding councils still fundamentally strong long term.

 

What has land val got to do with anything, besides how much taxes you pay ?

The measure is very recent sales of very similar property, all the rest is less valuable than toilet paper....

 

Yes I understand that. Its just another source of information. Its a good insight by the valuer general - much better than half the rubbish that's posted on these forums by people that have no idea.

A public servant in a position as the valuer general I would expect these reports to be unbiased, fair and neutral in their stance. A good insight by someone that has some credibility.

 

Nah....90% of forum is probably far better, cause land val can still be going up while sale prices are crashing, just as it would be now in Sydney.....

So, as said, it is a useless indicator, totally irrelevant.

 

I will agree there was lots of rubbish posts in regard to Syd still going up by some members when it was clearly off, maybe this is the rubbish you speak of ?

 

And on your last part, so a govt body tells us how much the land is worth so they can collect the taxes they now all rely on, and they now have all the credibility in regard to the free market and prices of sales being proof it is all positive ? lol....

I agree, there are some posts that demonstrate how much of an idea some members have, and they repeat the demonstration.