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Latest data reveals house price growth in every suburb<\/p>\n
Queensland home prices have exploded by as much as 30 per cent in the past year, with shock new data revealing a string of regional suburbs among the nation\u2019s fastest-rising markets. <\/p>\n
While values across Greater Brisbane climbed a solid 10 per cent, several suburbs outside the capital have recorded triple that rate of growth as buyers pushed further afield in search of affordability. <\/p>\n
Latest quarterly home price data from PropTrack show nine Queensland postcodes posted gains of 30 per cent or more in the year to September \u2014 a surge fuelled by rising demand for homes under $400,000 and fierce competition for limited listings. <\/p>\n
The Sunshine State\u2019s top performers were dominated by regional centres in Townsville, Central Queensland, Moreton Bay and Logan, underscoring how the affordability crunch has shifted the property boom beyond the southeast. <\/p>\n
PropTrack\u2019s price breakdown for every Aussie house and unit market showed apartments outperformed freestanding houses, while just two Greater Brisbane suburbs ranked among the state\u2019s top ten growth hotspots.<\/p>\n
SEARCH LATEST HOME PRICES IN EVERY QUEENSLAND SUBURB<\/a><\/p>\n SOLD: $477,000, 6 Josephine Cres, Rasmussen<\/p>\n Rosslea units ranked first, up 34 per cent to $356,010, then Caboolture (+33pc, $706,449), Railway East (+32pc, $356,889), Hermit Park (+32pc, $321,903), and Kooralbyn (+31pc, $422,022).<\/p>\n For houses, Mount Morgan in Central Queensland led with a 31 per cent jump to $299,014. Other top house markets were: Hyde Park (+29pc, $679,702), Thuringowan (+29pc, $592,848), Slade Point (+28pc, $605,942) and Rasmussen (+28pc, $537,236).<\/p>\n Greater Brisbane\u2019s top performers were the Southern Moreton Bay Islands group, where house prices were up more than 20 per cent to between $493,719 and $750,674.<\/p>\n Three metro unit markets recorded spikes of about 20 per cent \u2014 Fortitude Valley, Kelvin Grove, and Acacia Ridge.<\/p>\n SOLD: $665,000, 1&2\/7 Forrest St, Rosslea<\/p>\n Brisbane\u2019s other leading house hotspots were Seventeen Mile Rocks (+17pc), Wellington Point, Rocklea, and Moorooka (all up 16pc).<\/p>\n PropTrack senior economist Angus Moore said price growth across the state more broadly had slowed from boom pace, though this year\u2019s lower interest rates gave a bit back to buyer budgets. <\/p>\n \u201cParts of regional Queensland remain among the better performing housing markets. That\u2019s pushed affordability to challenging levels,\u201d Mr Moore said.<\/p>\n Brisbane prices had largely defied a slowdown in 2022, when the Reserve Bank of Australia began hiking rates from record lows, he said.<\/p>\n \u201cEven in the past year, [prices] are still up 10 per cent which is still pretty solid growth for 12 months. So it remains a really popular housing market,\u201d Mr Moore said.<\/p>\n \u201cWhile the pace of growth has clearly slowed down this year compared to what we were seeing last year, it is still performing pretty well,\u201d Mr Moore said.<\/p>\n PropTrack economist Angus Moore. Picture: Supplied<\/p>\n Ray White Townsville principal Giovanni Spinella said heated demand from both upgraders and downsizers as well as first-home buyers was fuelling competition in the northern town, particularly for entry-level priced property.<\/p>\n \u201cThe unit market has definitely been very strong and that\u2019s been driven on price point, for one, but secondly, it\u2019s a market that hasn\u2019t performed overly well in Townsville for the last 10 years,\u201d Mr Spinella.<\/p>\n \u201cBack then, there was an oversupply of city apartments and that has completely dried up now, to the point where we are seeing one-bedroom units that have doubled in price since they last sold five years ago.<\/p>\n \u201cThere is a lot of consideration now around the cost of living, and buyers are having conversations on what apartments can offer in affordability and less ongoing maintenance costs.\u201d<\/p>\n Ray White Townsville principal Giovanni Spinella<\/p>\n The data also shone a light on short-term gains, with houses dominating among 18 Greater Brisbane suburbs where prices climbed 10 per cent or more over the three months, led by units in Banyo and Fortitude Valley, up 14 and 21 per cent to $776,483 and $678,978, and houses in Enoggera and Auchenflower, both up 11 per cent to $1.4m and $1.9m.<\/p>\n Place Ascot agent Thomas Coussens said Auchenflower and the surrounding suburbs of Paddington, Ascot and Red Hill were fast gentrifying, with many homes selling pre or off market to well-heeled families seeking proximity to good schools in the area.<\/p>\n Agent Thomas Coussens with Red Hill seller Sharyn Wiltshire. Picture: Liam Kidston<\/p>\n MORE NEWS<\/p>\n Expert tips pre-Christmas rate cut<\/a><\/p>\n Ariarne Titmus\u2019 multimillion-dollar fallback plan<\/a><\/p>\n<\/p>\n
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