Brisbane’s best performing suburbs of 2017 revealed
Brisbane’s top performing suburbs for 2017 have been revealed, with Teneriffe, one of the city’s classic rags to riches success stories, taking out the number one spot.
According to Domain Group data, house prices in the Queensland capital grew by a modest 3.6 per cent over the past 12 months, more than a dozen exceptional suburbs had double-digit growth, achieving record prices and unprecedented demand all year long. Already firmly cemented as Brisbane’s most expensive suburb after becoming the first to break the $2 million median, data showed Teneriffe’s median price skyrocketed by 41 per cent up to $2,685,000 in 2017.
Top 10 performing suburbs for 2017 (based on increase in median house price):
Teneriffe: 41.3 per cent, median of $2,685,000. Auchenflower: 30.3 per cent, median of $1.14 million Fig Tree Pocket: 26.6 per cent, median of $1.22 million St Lucia: 25.8 per cent, median of $1.25 million Seven Hills: 23.4 per cent, median of $885,000 Kangaroo Point 21.3 per cent, median of $972,000 New Farm: 18.5 per cent, median of $1.6 million Ascot: 17.4 per cent, median of $1.5 million Morningside: 17.4 per cent, median of $757,000 Corinda: 17 per cent, median of $731,000