Believe it or not, Brisbane now has a suburb with a median priced of $2million.
According to CoreLogic the inner city blue chip suburb Teneriffe now has a median house price of $2.05m.
Seventeen homes have sold in this tightly held suburb in the past year, pushing it’s median price up 7.9 per cent in the past three months.
Over the past year, Teneriffe had a 39.5 per cent increase of it’s median price, while over the past three years the median house price surged 84.3 per cent according to the Courier Mail
Which are the other Brisbane top suburbs?
South Brisbane was second with a median house price of $1.781m (up 0.9 per cent in the past three months), while the Gold Coast’s Main Beach came in third on $1.75m, with inner city Brisbane’s suburb New Farm fourth, after flatlining on $1.605m.
Queensland’s most expensive suburbs:
- Teneriffe $2.05M
- South Brisbane $1.781M
- Main Beach $1.75M
- New Farm $1.605M
- Ascot $1.425M
- Mermaid Beach $1.41M
- Surfers Paradise $1.325M
- Hamilton $1.275M
- Hawthorne $1.2M
- Bulimba $1.17M
(Source: CoreLogic Market Trends)