16 Brisbane suburbs that are cheaper now, than 5 years ago
There are some Brisbane suburbs where price growth was particularly exceptional.
For example, Sunshine Beach in Noosa saw a whopping 191.67% increase in median prices over the past 5 years – the highest of any suburb across the country – to a new $3.5 million median. Sunrise Beach, also in Noosa, also had an impressive 138.1% increase to $1.75 million, from just $735,000 in 2017. But… not every suburb follows the same trend. There is a raft of suburbs in Queensland where prices are actually cheaper now than what they were in 2017 – significantly less in some areas.
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Leafy inner-city favourites like Windsor, Indooroopilly, Bulimba, and Wooloowin are all more affordable than they were in 2017, thanks to an oversupply of units that the city is well on its way to absorbing. The median unit price in Windsor in Brisbane North is $430,000 today, which is 14.9% lower than in 2017. Median unit prices in Beenleigh in Bayside South also fell 12.7% over the 5-year period to $240,000.
There were 6 suburbs in Brisbane West that made Domain’s list of Queensland suburbs where property prices are cheaper now than they were 5 years ago. Like Milton where median unit prices are $460,000, which is 9.8% lower than 5 years ago.
Then there is Spring Hill and Chermside in Brisbane North where median unit prices have fallen 6.4% and 5.6% over the 5-year period. And there is also one suburb in Brisbane East that made the list – prices in Bulimba have fallen 5.2% to $635,000.
QLD suburbs – property prices are cheaper now than they were 5 years ago
State Suburb Region Property Median 5-year Change
QLD Windsor Brisbane North Unit $430,000 -14.9%
QLD Beenleigh Brisbane South Unit $240,000 -12.7%
QLD Milton Brisbane West Unit $460,000 -9.8%
QLD Indooroopilly Brisbane West Unit $499,500 -6.6%
QLD Runcorn Brisbane West Unit $410,000 -6.4%
QLD Spring Hill Brisbane North Unit $415,000 -6.4%
QLD Greenslopes Brisbane West Unit $442,500 -5.9%
QLD Chermside Brisbane North Unit $415,500 -5.6%
QLD Newstead Brisbane North Unit $605,000 -5.5%
QLD Nundah Brisbane North Unit $421,000 -5.4%
QLD Bulimba Brisbane East Unit $635,000 -5.2%
QLD Kedron Brisbane North Unit $423,500 -4.8%
QLD Sherwood Brisbane West Unit $445,000 -4.3%
QLD Lutwyche Brisbane North Unit $465,000 -4.1%
QLD Woolloongabba Brisbane West Unit $482,000 -3.9%
QLD Wooloowin Brisbane North Unit $391,000 -3.5%