Hamilton Among Top 10 Priciest Suburbs in Queensland

Photo credit: Kgbo/Wikimedia Commons

Did you know that Hamilton has consistently been amongst the priciest suburbs in Brisbane for 2018? In fact, it is currently one of the top 10 most expensive suburbs in Queensland.

Brisbane’s property market is looking bright this year. In fact, experts say that it may even be better than the residential market of Melbourne and Sydney.

Despite the challenges in Brisbane’s property market including oversupply and decline in unit prices, the growth of job opportunities in the area helps in boosting property demands.

Hamilton’s Steady Growth

Since the second quarter of 2018, Hamilton’s property market has been promising. The suburb even reached the median house price of $1,442,000, a huge 32.9% increase in a 12-month period.

This notable increase in house prices has made Hamilton the top performer in Brisbane LGA and fifth in Queensland in early 2018. The suburb now also has the distinction of being the most expensive suburb on the list of QLD best performers.

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By the third quarter of 2018, Hamilton was still amongst the highest valued Brisbane suburbs as the region achieves an annual median house price increase of 2.3 percent.

Brisbane was able to set a new record high of $675,000, according to the September quarter of the REIQ Queensland Market Monitor report. This is mainly due to several of its suburbs hitting the $1-million annual median sale, including Hamilton.

Queensland’s Priciest Suburbs

Furthermore, Hamilton’s current median house price of $1,302,500 makes it the eighth priciest suburb across Queensland.

Interestingly, the latest property market data also revealed Ascot as the most expensive suburb across the state. The northern suburb ends the longtime dominance of the inner-city suburb, Teneriffe.

Following is the complete list of the suburbs that made to the top of the list:

  • Ascot $1,600,000
  • Chandler $1,580,000
  • Teneriffe $1,577,500
  • New Farm $1,500,000
  • Sunshine Beach $1,500,000
  • Mermaid Beach $1,456,000
  • Bulimba $1,320,000
  • Hamilton $1,302,500
  • Chevallum $1,300,000
  • Upper Brookfield $1,280,000