In times when high interest rates and a slowing market have had an impact on Brisbane real estate, some suburbs are still showing impressive levels of price growth.
The REIQ recently released the figures for the June 2008 quarter and Carindale was clearly the star performer. It experienced growth of 24.8% taking it up to a median of $700 000.
Other suburbs which showed healthy growth were Sinnamon Park (up 19.9%) and East Brisbane (up 18.8%). REIQ qualifies the statistics by stating that medians are affected by varying quality of stock sold. Presumably, this is an issue in almost all areas as suburbs contain a mix of property types and values.
Brisbane's top 10 performing suburbs
| Locality | No Sales Jun Qtr 08 | Median Jun Qtr 08 | Change over qtr" | Median 12 months to end of Jun 08 | Change over 1yr" | Change over 5yrs |
|---|---|---|---|---|---|---|
| CARINDALE ~ | 33 | $700,000 | 24.8% | $604,500 | 14.1% | 59.1% |
| SINNAMON PARK ~ * | 14 | $557,500 | 19.9% | $552,500 | 17.6% | 93.0% |
| EAST BRISBANE ~ | 10 | $742,500 | 18.8% | $627,500 | 18.4% | 71.3% |
| WOOLOOWIN ~ | 16 | $688,000 | 16.6% | $634,425 | 20.3% | 66.7% |
| ALDERLEY ~ | 17 | $685,000 | 16.6% | $587,500 | 23.7% | 67.9% |
| HERSTON ~ | 15 | $680,000 | 14.2% | $646,388 | 12.6% | 75.3% |
| NORMAN PARK ~ | 23 | $710,000 | 12.7% | $644,500 | 37.7% | 75.6% |
| SUNNYBANK | 31 | $529,500 | 12.1% | $477,500 | 16.5% | 73.6% |
| INDOOROOPILLY | 17 | $715,000 | 10.9% | $700,000 | 20.2% | 81.8% |
| CANNON HILL ~ | 10 | $522,500 | 9.4% | $525,000 | 19.0% | 84.2% |
Buying in one of these Brisbane suburbs?
Find more information about the suburb, the lifestyle and the local services.
- Carindale
- Sinnamon Park
- East Brisbane
- Wooloowin
- Alderley
- Herston
- Norman Park
- Sunnybank
- Indooroopilly
- Cannon Hill
Note:# All figures are as at: 20-Aug-08 and are subject to further revision. (LGA) Local Government Area - as per the new boundaries gazetted 15 March 2008. ^ Denotes acreage house sales - on land size greater than 2,400m². All other house sale statistics are based on single unit dwelling sales - land size under 2,400m². " The calculations of percentage change in median prices compare preliminary estimates in the current period with preliminary estimates in the previous period where sufficient sales are recorded. N.B. Only suburbs to record sufficient sales numbers have been included in the above analysis. ~ Medians affected by varying quality of stock sold. * Medians affected by varying quantities of new properties sold. ƒ Medians affected by varying numbers of waterfront properties sold.
