Hamilton Leads Best Performers List in Brisbane LGA; Ranks Among Top Performers in QLD

From July 2017 to June 2018, a total of 13 suburbs reached a capital growth of 10 percent or higher, with Hamilton leading the Best Performers list in Brisbane LGA, according to latest research.

“It’s a great market to be in at the moment.” That’s how REIQ CEO Antonia Mercorella describes Queensland’s exceptional performance amidst the gloomy predictions coming out for the property market, recently.

In fact, 68 suburbs throughout Queensland have registered remarkable double-digit growths over this 12-month period.

“The top area delivering the strongest growth has been Blackwater, with 151 percent growth. This is a results of the resurgence in coal prices and the low base starting point,” Ms Mercorella said.

Suburbs in Brisbane LGA that reached an annual price growth of more than 10 percent according to REIQ “Queensland Market Monitor” Report:

  • Hamilton
  • Sandgate
  • Paddington
  • Mount Ommaney
  • Sunnybank
  • Graceville
  • Hendra
  • Shorncliffe
  • Seven Hills
  • Nundah
  • Kedron
  • Bulimba
  • Auchenflower

Hamilton was the top performer in Brisbane LGA and fifth in Queensland with an impressive house prices increase for the past year of 32.9 percent. With an average house price of $1,442,000, Hamilton also has the distinction of being the most expensive suburb on the list of QLD best performers.

Photo Credit: Real Estate Institute of Queensland (REIQ)/reiq.com

Suburbs in QLD that reached an annual price growth of more than 20 percent according to REIQ “Queensland Market Monitor” Report:

  • Blackwater
  • Spring Mountain (Ipswich)
  • Collinsville
  • Minyama (Sunshine Coast)
  • Hamilton
  • Hollywell (Gold Coast)
  • Miles
  • Mount Coolum
  • Dundowran Beach (Fraser Coast)
  • Boonah (Scenic Rim)
  • Idalia (Townsville)

Whilst, this is a good indication of steady growth, Ms Mercorella cautions against “boom” predictions as western Queensland mining towns’ prices are still below their peaks; such is the case of Blackwater.

The REIQ Queensland Market Monitor report identified suburbs in QLD that have reached double-digit annual price growth over the 12 months to June 2018. The analysis only included suburbs having an annual sales above 20 for the past year and excluded houses that are located on blocks with more than 2,400 square metres in area.