Brisbane’s new $1 million suburbs revealed

Madelyn and Paul Clarkson are selling in Victoria Point, the bayside pocket leading Brisbane suburbs where house prices cracked $1m medians for the first time.

A new crop of under-the-radar suburbs has cracked Brisbane’s million-dollar club, as buyers chase value and the scope to build bespoke homes redefining the city’s outer fringe.

House prices in fourteen suburbs have hit seven-figure medians for the first time, including bayside pockets like Victoria Point and Thorneside along with family hubs such as Geebung, Shailer Park and Underwood.

Latest data from Place Advisory puts Victoria Point in the lead, with house values surging 15.6 per cent in the last 12 months to $1.045m.

South of Brisbane’s CBD, prices in Coopers Plains hit $1.21m, recording annual growth of around 20 per cent.

House prices in 14 Queensland suburbs hit $1m for the first time this year

The outer eastern suburb of Wynnum West was another coastal hotspot, with prices up 12 per cent to $1m, but newly renovated homes in the area selling for double the median value.

And the first-home buyer belts of Logan and Ipswich also surged, with hot competition for affordable property driving big gains in Daisy Hill, Karalee, Kurwongbah, Park Ridge South, Munruben, and Cornubia.

Ray White AKG Group CEO dubbed the rising suburbs “Brisbane’s new lifestyle heartland”.

“These areas were once the domain of first-home buyers and savvy investors, now they’re the playground of professionals and upgraders chasing space, lifestyle and value with bigger blocks, 45 minutes to the city and the Gold Coast,” Mr Khan said.

A five-bedroom house with a pool at 118 Plaintain Rd is one of the priciest listings in Shailer Park

“The $1m mark doesn’t buy you luxury anymore, it buys you a foothold in suburbs that have completely reinvented themselves.

“Infrastructure, schooling, and lifestyle have collided with limited supply and record migration to push these postcodes into the big league.”

Closer to the city, leafy Kenmore rounded out the new million-dollar markets, with recent sales in the sought-after pocket including a modern double-storey house traded for $2.415m.

Place Cleveland agent Emma Miller said Victoria Point was once considered Brisbane’s best-kept bayside secret, but had emerged among the region’s fastest-rising luxury enclaves, with homes selling in just over 30 days on average.

57 Innes St, Geebung goes under the hammer on October 26

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“We’re seeing Brisbane buyers making a deliberate leap toward Victoria Point because here, they can achieve waterfront living, space and bespoke design for what they’d pay in a tightly contested inner-city suburb,” Ms Miller said.

“This isn’t the sleepy Redlands it used to be. Victoria Point is now a design-driven lifestyle destination that’s competing head-on with Brisbane’s prestige belt.”

With Redland City preparing for major Olympic infrastructure ahead of 2032, Victoria Point’s proximity to schools, shops and waterfront amenities attracted professionals, families and downsizers, Ms Miller said.

Victoria Point sellers, Madelyn and Paul Clarkson, have listed their newly completed waterfront home for auction on November 2.

1 Orana Esp, Victoria Point is going to auction on November 2

They paid $710,000 for the vacant site on Orana Esp in 2019, building a showstopper home capitalising on the area’s rising popularity with aspirational buyers.

“We wanted this house to belong to the land and the water,” said Ms Clarkson, an interior designer.

“Every detail, from the joinery to the placement of glass, was about framing the bay and catching the breezes.”

Mr Khan said cafes, schools and businesses in Logan and Ipswich were also levelling up to match the demographic shift, with buyers from Sydney and Melbourne outbidding locals — 67 per cent of recent interstate buyers had purchased sight-unseen.

“Families are upsizing rather than moving closer in, and investors are returning as rents soar.

“There’s fierce competition for renovated homes and even more for homes needing renovation,” he said.

Top offers for this home at 52 Kingfisher Pl, Kenmore close October 22

National buyers agency Propertybuyer and Hotspotting released a separate pick of 10 more suburbs poised to tip over into million-dollar territory, including Northlakes, where the current median of $924,000 had climbed 14 per cent since last year, and Biggera Waters on the Gold Coast.

Propertybuyer CEO Rich Harvey said the government’s recent boost to low-deposit schemes for first-home buyers could accelerate price growth in emerging hotspots through to 2026.

“You’re going to see so many more buyers trying to get onto the property ladder,” Mr Harvey said.

“Brisbane and Melbourne are both cities with plenty of petrol left in the tank, but the next price frontier is looming.

“Soon enough, we’re going to have to be talking about the $1.5m hotspot,” he said.

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