After a year of record-breaking growth, Queensland is now just a hair’s-breadth away from having its first suburb with a median price of $3 million. These are now the top 3 most expensive suburbs in Queensland:
3. New Farm
$2.15 million
New Farm is a riverside suburb on Brisbane’s inner-Northern side, only 2 kilometres from the CBD. Situated on bend in the Brisbane River, the South-East side of the suburb is home to the historic New Farm park, while the North-West side connects to Fortitude Valley, known for its shopping, live music, and nightlife.
2. Mermaid Beach
$2.37 million
Mermaid Beach is a coastal suburb on the southern side of the Gold Coast, with the Pacific Ocean on its Eastern side and the canals of Mermaid Waters to the West. The nightlife of Surfers Paradise and the fine dining of Broadbeach are both a short drive away.
1. Sunshine Beach
$2.99 million
Sunshine Beach is a coastal town and suburb near Noosa on the Sunshine Coast. With approximately 2 kilometres of beachfront and only a small population of around 2,500 people to share it with, Sunshine Beach has become an ideal summer getaway.
Local agents in these areas are attributing much of the growth to the increase of working from home. Couples and families in Victoria and New South Wales are moving up North where their dollar goes further and they can work from home with more space and sunshine. 90 percent of Australia’s net interstate migration in the year ending June 2021 was to Queensland.