Top 68 suburbs for growth in Queensland revealed
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Top 68 suburbs for growth in Queensland revealed

Top 68 suburbs for growth in Queensland revealed

by Sasha Karen | November 07, 2018 | 1 minute read

New data has shown the top 68 suburbs in Queensland for capital growth over the last 12 months to June, with the number one spot reaching triple digits.

Queensland aerial shot
November 07, 2018

Outlined in the Real Estate Institute of Queensland’s Queensland Market Monitor report, REIQ CEO Antonia Mercorella said despite the ‘doom and gloom’ of the property market, there are still locations that are seeing large gains in profitability.

“A total of 68 suburbs throughout Queensland have delivered double-digit growth over 12 months, which is a really strong result,” Ms Mercorella said.

“And there are many more suburbs delivering strong single-digit growth. It’s a great market to be in at the moment.”

While south-east Queensland saw a lot of attention, there were some high growth suburbs found in central and northern Queensland.

The area with the strongest growth was Blackwater, which saw a rise of 151 per cent growth, which Ms Mercorella attributed to the resurgence of coal prices.

Aside from Blackwater, 10 other suburbs saw growth over 20 percent. These included:

Ms Mercorella said the top 11 suburbs were indicative of steady growth across the state, but warned against calling it a ‘boom’.

“While we’re definitely seeing prices come back in western Queensland mining towns, such as Blackwater, these prices are still below their peak,” she said.

It’s unlikely we’ll see a return to pre-2013 prices in those areas anytime soon.”

South-east Queensland

While the top 11 suburbs show a spread of high growth suburbs through the state, 41 suburbs out of the 68 are located in the ever-popular south east corner of Queensland.

Of these, 15 suburbs were located in the SunshineSunshine, NSW Sunshine, VIC Coast region, with the highest growing being Minyama, which ranked fourth overall.

The Brisbane region also saw a large number of high performing suburbs at 13. Hamilton was the region’s best performer and fifth overall.

Next was Ipswich with six suburbs, then the Gold Coast with four, Moreton Bay with three, while Redland and Logan suburbs did not rank.

Regional Queensland

Outside of south east Queensland, 27 regional suburbs ranked on the list, with the Townsville region recording four suburbs. Its highest performer was Idalia, which ranked 11th overall.

Next were the Cairns and Gympie regions, both recording three suburbs each. Cairns’ top performer was Palm Cove, which ranked 26th overall, while Cooloola Cove was Gympie’s top performer, which ranked 42nd overall.

While only recording one suburb, the Whitsunday region’s Collinsville ranked third overall.

The Bundaberg and Toowoomba regions both recorded two top suburbs, while the Banana, Charters Towers, Fraser Coast, Gladstone, Isaac, Livingstone, Mackay, Rocky, Scenic Rim, Somerset and Western Downs regions all had one top suburb each

The top 68 suburbs which experienced double digit growth over the last year to June 2018, according to the REIQ, are:

Rank

Suburb

Median price

Capital growth over 12 months (as a percentage)

1

Blackwater

$94,250

151.3%

2

Spring Mountain

$450,000

103.6%

3

Collinsville

$95,000

46.2%

4

Minyama

$1,310,000

45.8%

5

Hamilton

$1,442,000

32.9%

6

Hollywell

$810,000

30.5%

7

Miles

$148,250

23.5%

8

Mount Coolum

$670,000

21.9%

9

Dundowran Beach

$607,000

21.5%

10

Boonah

$324,500

21.3%

11

Idalia

$485,000

21.3%

12

Rasmussen

$347,500

19.9%

13

Yaroomba

$749,000

19.7%

14

Biloela

$272,750

18.6%

15

Burnett Heads

$317,000

18.1%

16

Tivoli

$295,000

18.0%

17

CashmereCashmere, QLD Cashmere, QLD

$690,000

18.0%

18

WalloonWalloon, QLD Walloon, QLD

$370,000

16.7%

19

Sunshine Beach

$1,400,000

16.7%

20

Noosa Heads

$1,070,000

16.0%

21

Hope Island

$739,750

15.7%

22

Ripley

$374,000

15.4%

23

Sandgate

$705,000

15.2%

24

North Ward

$575,000

15.0%

25

PaddingtonPaddington, QLD Paddington, NSW

$1,150,000

14.7%

26

Palm Cove

$606,000

14.3%

27

Charters Towers City

$142,500

14.0%

28

Pelican Waters

$761,000

13.9%

29

Cooee Bay

$313,000

13.8%

30

Mount Ommaney

$944,000

13.7%

31

Fernvale

$357,500

13.5%

32

The Range

$380,000

13.4%

33

Landsborough

$432,500

13.4%

34

Sunnybank

$832,500

13.3%

35

North Mackay

$270,000

13.2%

36

Whitfield

$540,000

13.1%

37

Graceville

$932,500

13.0%

38

Hendra

$1,100,000

12.7%

39

Shorncliffe

$840,000

12.4%

40

Moranbah

$185,000

12.1%

41

Coes Creek

$442,500

12.0%

42

Cooloola Cove

$317,500

12.0%

43

Battery Hill

$578,000

12.0%

44

Seven HillsSeven Hills, NSW Seven Hills, QLD

$940,000

11.9%

45

Nundah

$755,000

11.9%

46

Monkland

$240,000

11.6%

47

Bongaree

$470,000

11.6%

48

Clifton Beach

$557,500

11.5%

49

Maroochydore

$639,000

11.2%

50

Twin Waters

$823,000

11.2%

51

CambooyaCambooya, QLD Cambooya, QLD

$322,500

11.2%

52

Tewantin

$572,500

11.2%

53

Coolum BeachCoolum Beach, QLD Coolum Beach, QLD

$675,250

11.2%

54

Kedron

$744,500

11.1%

55

Sunrise Beach

$820,000

11.0%

56

Oakey

$241,500

11.0%

57

D'aguilar

$416,000

10.9%

58

Mountain CreekMountain Creek, QLD Mountain Creek, QLD

$610,000

10.9%

59

Flinders View

$371,500

10.9%

60

Highland Park

$570,000

10.7%

61

Rosewood

$291,000

10.7%

62

Bulimba

$1,300,000

10.6%

63

Kirkwood

$353,500

10.5%

64

Woodgate

$402,500

10.3%

65

Railway Estate

$309,500

10.1%

66

Auchenflower

$1,070,000

10.0%

67

Rainbow Beach

$489,500

10.0%

68

Ormeau Hills

$530,000

10.0%

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