In fact, the single best performing city in Australia was our very own Sunshine Coast, registering a 27.3% rise in population. “Noosa is Melbourne money,” states Pressley. In Wishart, you can get a family home for $650,000.”Mr Wong said the flow-on effect of Mansfield High’s success had been the interest from Chinese buyers, who now make up more than two-thirds of his buyers.In Wishart, where the housing ranges from post-war and 1970s brick to the more sprawling brick homes of the ’80s and ’90s, the past decade has seen demand soar.“People love walking their dogs along there, it’s a real meeting place,” Mr Cuneo said. Some even witnessed dire declines – for example, IT recorded a 17.3% drop while wholesale trade eclipsed it to the tune of 19.5%. Our weather’s always been desirable. House prices there have grown by 65 per cent over the decade, from a median of $430,000 in 2008 to a median of $710,000 in 2018. “I joke to people that when you sell your house here, you should be throwing a pram in with it.
In the first half of the decade, only one Queensland city managed to find its way into the top 15 performers nation-wide: Toowoomba. House prices there have grown by 65 per cent over the decade, from a median of $430,000 in 2008 to a median of $710,000 in 2018.In Bulimba, local McGrath agent and life-long residentRemax United Vision said a lot of Wishart’s growth could be attributed to the local school catchments.Despite a GFC, floods and a mining downturn, Brisbane’s housing market between 2008 and 2018 proved its strength and resilience, with the latest data from the Domain Group showing some suburbs achieved phenomenal growth during that time.Kedron Brook is an urban creek that flows through the northern suburbs of Brisbane and is lined with a number of dog parks, playgrounds and sporting facilities.In Hendra, the closure of many of the stables connected to Doomben Racecourse opened up new land for people to build luxury homes in a suburb mainly dominated by character properties.“Wishart isn’t too far from Sunnybank. We don’t have oversupply issues. If buyers are coming from Sydney or Melbourne, this suburb is top of their list every time. Now it’s No.2. Queensland has always prospered by population growth, and the last 10 years prove nothing’s changed. Today you can walk from Hamilton harbour all the way through to New Farm and into the Howard Smith Wharves and the CBD,” he said.The Brisbane suburbs that have made the most money in 10 yearsMore recent projects like the Howard Smith Wharves created another seismic shift in demand for real estate in the area.“We all know State High is the No.1 state high school but the majority of people can’t afford $1 million for an entry-level house in that catchment. In fact, the single best performing city in Australia was our very own Sunshine Coast, registering a 27.3% rise in population. Visit ourQueensland has always prospered by population growth, and the last 10 years prove nothing’s changed. Brisbane’s population is growing faster than the 10-year average, at about 23,000 new residents per year. In stark contrast, such stats accounted for an overarching total jobs growth of 7.8%, the second lowest in the country. Okay.
We’ve got, relative to the rest of Australia, affordable housing. ).Queensland Market Monitor (QMM) is a quarterly, electronic publication entirely focused on the residential sales and rental markets of the…A $13.2 billion building and construction stimulus package to stimulate over $30 billion in new economic activity and the creation…Buying property is a highly competitive business but it seems more so during a pandemic.
Aside from Melbourne (0.1%), all other capitals recorded negative internal migration. But it’s not all doom and gloom. I’d say 70 per cent of that growth has probably taken place in the past five years.”Inner-city favourite New Farm took out the No.1 spot — its median house price, which was $900,000 in 2008, grew by a whopping 76.2 per cent in the past 10 years and now sits at $1.586 million.Hawthorne was also one of the top performing suburbs over the decade, with the median increasing from $707,500 to $1.15 million.“The land component is still more affordable but the quality of the build is there,” he said.“Another thing is the amenities. Now, Gordon Park is that next suburb where people are looking to buy — but only if it’s near Kedron Brook.”“That’s something that’s really taken off in the past five to 10 years and it shows the confidence people have in this area.”Mr Najzar said the quality of the housing and renovations would now compare with other high net-worth inner-eastern suburbs like Bulimba and Hawthorne.Not surprisingly, Sunnybank was also one of the top performers of the decade, with its median house price increasing by 64 per cent from $492,000 in 2008 to $800,000 in 2018.“They’re coming here because there’s bigger blocks of land, wider streets and no units.
When we look to Darwin and Perth for what a worst case scenario looks like, we’re still a long way from that which means we’re at so-so. And we’re nowhere near as congested or as polluted as Sydney or Melbourne. It has a lovely residential feel, your kids can play footy in their street and feel safe … it’s like the old days.”“There’s been a lot of new builds go up and a lot of renovating that has happened, with people raising the bar on construction quality year by year which, consequently if you put it back on the market, translates to a higher sale price.”Ray White Albion said the past decade had seen the “wall” between Hendra and neighbouring blue-chip suburb Ascot broken down.Hendra and Grange also achieved exceptional growth — both suburbs have seen significant changes impact the demand for housing in the area. “So that’s certainly something that’s brought Grange into the spotlight over the past decade.“That’s the way life has gone — dogs are a real part of the family now and a real consideration for buyers when looking for a home. Throughout New Farm, Teneriffe and Newstead, things lagged for a while. “Queensland didn’t drag them here, it was more like Sydney and Melbourne pushed them out.”In 2019, Brisbane’s internal migration reached 0.63%, dramatically higher than second-best Hobart’s 0.43%. What’s more, Queensland spent almost the entire decade carrying an unemployment rate higher than the national average. At December 2019, Queensland’s unemployment rate of 6.0% was still significantly higher than the national rate of 5.1%.We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. The first five years saw Brisbane (6.9%) beat out only two other capitals: Canberra (6.7%) and Hobart (-4.0%).