Hamilton Posts 25% Median House Price Growth

The Hamilton property market delivered yet another strong showing for the period October 2020 to September 2021 with a median house price of $1.94 million, up 25 per cent from the previous period.


  • The Hamilton housing market remained strong, with a median house price growth of 24.84 per cent from October 2020 to September 2021, pulling the median house price to just under two million.
  • For the same period, Hamilton’s unit market stayed relatively flat at $525,000, growing by 2.94 per cent.

Hamilton Median House Price Growth

With a 24.84 per cent house price growth for the 12-month period ending September 2021, Hamilton investors saw substantial gains in their property investment. Per figures from Property Market Updates, the median house price for this suburb nearly hit the two-million mark at $1,947,500. That’s a significant gain from the $1,560,000 median in 2020.

There were 119 houses sold in Hamilton from October 2020 to September 2021, with properties spending an average of 74 days on market. More than half of the transactions that attracted buyers were for four-bedroom homes.

Hamilton Median House Price Growth
Photo Credit:  Property Market Updates

Though house prices in Hamilton continue to climb, the property prices in the suburb still give good value compared to other blue-chip suburbs across the country. Industry experts predict that Hamilton’s median house price will continue its upward trajectory as the 2032 Brisbane Olympics draws near, making it a good investment.

Hamilton Median Unit Price Growth

More than 70 percent of dwelling choices in Hamilton are apartment units and there were more unit buyers than house buyers for this period at 391 properties sold with an average of 76 days on market. However, the median unit price growth was relatively flat, with a modest uptick of 2.94 per cent, with the median price ending up at $525,000 compared to $510,000 from the previous year.

Hamilton Median Unit Price Growth
Photo Credit:  Property Market Updates

It bears noting that Hamilton’s unit market performance follows the same trend as rest of Brisbane’s property market, with houses faring better than apartments, except in markets that are solidly unit-based. However, Brisbane is projected to generally keep outperforming other Australian markets as a result of continued strong interstate migration in 2022. 

This momentum will cascade to sought-after suburbs like Hamilton and impact the unit market as well. Buyers locked out of other prestige locations will enter the market by purchasing more affordable apartments. 

About Hamilton 

Hamilton is regarded as an old, “posh” part of Brisbane bordered by another blue-chip suburb on one side and an industrial precinct on the other side. 

The hilly areas of this locale are filled with big character houses from old money. Brisbane’s aristocrats in the early years of its establishment chose to reside in Hamilton. 

Meanwhile, the waterfront section, the site of a former cruise ship terminal, has burgeoning modern developments and heaps of apartment buildings suited for small families and young professionals. 

This northern Brisbane suburb may deliver a small-town vibe, where locals can shop for handmade pieces at a nearby store on their block. But residents may also go shopping for practical goods at major retail centres after a 20-minute drive. Over time, Hamilton has earned a reputation for its urban lifestyle whilst still offering the simple joys of suburban living.

Photo Credit: Google Maps

Hamilton’s original promenade is Racecourse Road, where the public library, post office, retail venues, cafes and restaurants abound. In recent years, however, Portside Wharf, to the southern end, as well as Eat Street Northshore, have become the modern lifestyle venues with more dining and shopping precinct. In a few years, more buildings should be erected in this part of Hamilton, which will likely drive up property prices further. 

Hamilton will also be an important location for the 2032 Brisbane Olympics, with the planned construction of the Athlete’s Village. The suburb is within the catchment of many reputable schools and has plenty of transport access like buses, the trains in Ascot, and the CityCat ferries that bring residents to the CBD and the Brisbane Airport. 

“Great place, close to the city, it’s got everything really… heaps of parks for the kids. Eat street literally down the road. Love it.”


“The houses are gorgeous, the area has prestige, I felt very safe living here. Fantastic library nearby with wonderful, helpful staff.”


Hamilton Property Market Shows Strength Amidst Covid

Despite the economic and lifestyle challenges brought about by the coronavirus pandemic, the red-hot Hamilton property market continued to be in high demand during the period ending June 2021, as wealthy buyers look to buy into established investment areas with blue-chip amenities and steady appreciation in value.

As the world adapted to the new normal, wealthy buyers continued to crave lifestyle locations close to everything they need and and with the perks they want, as they spent most of their time at home. Hamilton, as one of Brisbane’s blue-chip suburbs, benefited greatly from this affluent largesse, as one of Brisbane’s most established property markets, with median home values soaring well north of a million.

From July 2020 to June 2021, Hamilton’s median house price growth showed a robust 25.65 percent, driving the dollar value to $1,935,000, per data from Property Market Updates

104 houses were sold during this period, in an average of 89 days on market. Hamilton’s property market is still projected to grow in the coming years.

Photo Credit: Property Market Updates

The most expensive house sold for this period, at $12,000,000, has been a renovated hilltop house on Markwell Street with a 180-degree view of Brisbane and the surrounding landscapes. With the functionality of an ultra-modern house, this luxurious estate has its own leisure facilities for the families though it’s within walking distance from Racecourse Road and close to one of the most expensive schools in Brisbane, St Margaret’s. 

Unit Price Growth

Median unit prices of partment properties in Hamilton also showed a modest 2.77 percent increase, pushing the dollar median to $515,000. There were more apartment buyers than house buyers for this period as 270 properties were snapped up by buyers at an average of 76 days. Whilst the growth gap between houses and units in Hamilton continues to widen, this suburb’s unit market is still well above the median for the rest of Brisbane’s property market.

Photo Credit: Property Market Updates

About Hamilton

Hamilton is home to some of Brisbane’s oldest families, thus earning the distinction as a suburb of “old wealth.” These families built iconic mansions, some of which are still standing, that have the best views of the CBD and the neighbouring suburbs.

Photo Credit: State Library of QLD/Flickr

This district was named after Gustavus Hamilton, the owner of Hamilton Hotel, the first hotel in the suburb, which became a landmark and reference point at a time when buildings were still a luxury and quite a few in the area.

In recent years, old Hamilton merged with the new developments like the master-planned Northshore Hamilton project, the largest waterfront development in Queensland that has transformed a former wharf into a residential and commercial hub. 

In the next decade, the area will be an integral part of the 2032 Brisbane Olympics as with the plan to build the Brisbane Athlete’s Village.  

The revitalisation of Portside Wharf, a former cruise ship terminal, has also improved and modernised Hamilton’s lifestyle as it is now for many apartment dwellers, who could walk around the dining and shopping precinct, or enjoy various recreational activities with their friends or family. 

“I purchased a unit in the portside precinct last year and couldn’t be happier with my choice. I moved from a large house in a nice suburb but felt isolated and bored there. Now in Hamilton, I feel happy and connected. I walk my dog along the river morning and night and visit the dog park every day. Almost everyone we encounter is very friendly and approachable for a chat. Cafes, restaurants, bars, cinema, groceries, retail stores, medical facilities… It’s all here on your doorstep!”

Deborahfaye, Homely

“I lived over a year in Hamilton, pricey but comfortable, beautiful, close to city, airport. little nightlife in Racecourse road.”