The Most Expensive Suburbs in Queensland Revealed!  - Soho Real Estate (2024)

Buying

Key takeaways:

• • Home to refined art galleries, sunny suburbs, finger-licking restaurants, and relaxing beaches, Brisbane’s luxurious lifestyle setting is dominated by the rich and famous.

• • These suburbs are very expensive, but they are worth the money.

• • After experiencing a dynamic increase in annual growth, this fascinating state has its first and most expensive suburb selling at a median price of over $3 million.

The sunny yet attractive state of Queensland, Australia is one of the best places to live in 2023! Heart of Queensland, Brisbane is one of the most sophisticated cities in Australia.

If you’re curious about the priciest neighbourhoods in Queensland, read on. Queensland might not be where you’ll find the most expensive house in Australia, but these suburbs are definitely attracting the affluent.

We are counting down the top five most expensive suburb in Queensland. So be sure to stick around to the end!

Top 5 most expensive suburbs in Queensland

Queensland is populated by over 5.2 million people. Without the right know-how and guidance, securing a home in this state would be difficult. Hence, we have highlighted the most expensive suburbs in the Brisbane area.

Compared to the inner north east suburb to the outer city suburb, the median unit sale price and suburb’s rent prices vary greatly on its location and how close in proximity to the city centre.

Hamilton

Median House Price: $2,475,800

Median Unit Price: $764,000

Average Weekly Rent: $500

First, we have the laid-back, wealthy riverside suburb of Hamilton. Apartments in Hamilton are very affordable compared to homes in Sydney.

This makes it a place of interest to first-home buyers who want to live close to water.

In the last year, almost 100 houses and 219 units were purchased, with the highest sale of about $11,800,000.

Discover more properties for sale in Hamilton.

New Farm

Median House Price: $2,525,100

Median Unit Price: $748,000

Average House Rent: $850

Next, we have the fashionable suburbs of New Farm. New Farm is the hotspot for fashion trends, cultural interests, and gram-worthy cafes.

New Farm is located on the riverside of Brisbane, just two kilometres from the CBD.

Home to the prominent New Farm Park, the suburb ranks as one of the most expensive suburbs. Real estate market statistics claim that New Farm is as expensive as suburbs on the East Coast of Sydney.

The median house prices in New Farm have increased by 32.4% in the last year.

Discover more properties for sale in New Farm.

Sunshine Beach

Median House Price: $2,750,000

Median Unit Price: $1,500,000

Average Weekly Rent: $650

Sunshine beach is a famous vacation spot but also one of the most expensive suburb in Queensland. It is a coastal area close to Noosa, Sunshine Coast and it’s one of the best coastal towns in Queensland.

Populated by 2500 people, this place is perfect for home buyers who would love to live in a sparsely populated area.

Situated 119 kilometres from the Northern part of Brisbane CBD, most people choose Sunshine Beach for its sunny and relaxing atmosphere. This makes it great for hosting outdoor games and activities for the kids! Over the last year, Sunshine Beach’s highest house sale ranks at $3,800,000.

Discover more properties for sale in Sunshine Beach.

Mermaid Beach

Median House Price: $3,300,000

Medium Unit Price: $750,000

Average Weekly Rent: $1200

On the south side of Gold Coast lies Mermaid Beach. Mermaid Beach is bound by the Pacific Ocean and troughs of Mermaid Waters to the east and west.

In Mermaid Beach, the lovely sunset beams bouncing off the ocean waters are a sight to behold and are a notable attraction to surfers.

Last year, up to 105 houses and 250 units were purchased by excited homeowners. Significantly increasing its market sales by 3.98%.

Find more properties for sale in Mermaid Beach.

Teneriffe

Median House Price: $3,475,000

Median Unit Price: $727,000

Median Rental Prices: $925

Topping off the list of the most expensive suburbs in Queensland is Teneriffe. Northeast of Brisbane CBD, Teneriffe is located 2.5 kilometres away.

This suburb was once an industrial area. It underwent gentrification to become one of the finest suburbs in Queensland. Young, rich, and influential Aussies mostly dominate Tenerife.

During the last year, the most expensive house purchased was sold for $3,620,000. This record has significantly increased general sales in this area by 43.6%.

Discover more properties for sale in Teneriffe.

People also ask

Where do the rich live in Queensland?

Reports have shown Queensland to be a fast-growing opportunity for real estate investors. The suburbs of Teneriffe, Mermaid Beach, and New Farm are examples of some of the most expensive suburbs. These suburbs all have a median house price above $2,000,000.

What are the richest suburbs in Australia?

The most expensive suburbs in Australia are as follows:

• Point Piper– Median House Price of $23,966,600
• Centennial Park– Median House Price of $8,050,000
• Darling Point – Median House Price of $7,816,600

What is the richest suburb in Brisbane?

The richest Brisbane suburb is Teneriffe. Houses in this area cost over $3.3 million.

Which city in Australia is the most expensive?

The cost of living in Sydney is very high. Compared to a city like Darwin, you would spend a quarter of the general cost of living in Sydney.

What is the safest suburb in Queensland?

According to Queensland Police reports, suburbs in Morningside, Seven Hills, and Cannon Hill are considered safe.