Brisbane, the capital of the state of Queensland and one of the fastest growing cities in Australia, has a lot to offer its residents. Not only does it boast some of the most beautiful beaches in the world, but its 280 days of sun a year and rich Australian culture make this beautiful city a place worth calling home.
Brisbane is also home to some of the most expensive suburbs in Queensland. The cost to knock down and rebuild a home in Brisbane, or to buy a house outright, can be very high. If you’re looking for property for sale in Brisbane, here are a few of the area’s wealthiest suburbs.
And while you’re at it and wanting to sneak a peek at how the other half lives, our guide to the most expensive houses in Gold Coast will help you do just that.
Teneriffe
- Median house price: $3,850,000
- Median unit price: $767,500
- Average house rent: $650 per week.
Queensland isn’t the richest state in Australia but its real estate market sure is booming. Teneriffe is currently the most expensive suburb in Brisbane, thanks to its inner-city location, variety of trendy eateries, and riverside access.
Up until the late 90s, Teneriffe had very few qualities to offer. It was rundown with nothing much to offer the residents, which meant that only a few locals ventured there.
The development of an abandoned woolstore warehouse into luxury apartments led to a rebirth for this historic part of Brisbane, and it is now one of the best places to live in Brisbane.
The high-end restaurants, beautifully restored warehouses, and tree-lined streets make this city beautiful, making it one of the most sought-after locations.
Check out more properties for sale in Teneriffe QLD.
New Farm
- Median house price: $2,785,000
- Median unit price: $799,000
- Average house rent: $770 per week
- Average unit rent: AUD 400 per week
New Farm boasts fantastic cafes, world-class restaurants, and unique boutiques. The gem of this suburb is New Farm Park, an expansive space on the Brisbane River—the perfect space to spend an active day or a lazy afternoon.
When it comes to accessibility, New Farm’s riverside position gives it easy access to the City Cat, and because it’s only a few minutes from the CBD, there are plenty of convenient bus routes.
Check out more properties for sale in New Farm QLD
Hamilton
- Median house price: $2,257,500
- Median unit price: $533,500
- Average house rent: $750 per week
- Average unit rent: $420 per week
If you love living near a body of water, Hamilton should be on your short list. This suburb is sought after because of its stunning views and its status as a rich hub of culture.
From its world-class restaurants to waterfront apartments and community charm, Hamilton offers its residents a comfortable and luxurious lifestyle. What’s more, it is a perfect place for families to raise kids thanks to its peacefulness and safety.
Check out more properties for sale in Hamilton QLD
Chandler
- Median house price: $3,145,000
- Average house rent: $560 per week
If living close to a river isn’t your thing, you can consider Chandler. This suburb is located just fourteen km southeast of the Brisbane CBD. Chandler consists largely of bush land and expansive residential properties, offering those who live there a slice of natural paradise.
Explore more properties for sale in Chandler QLD 4155.
Bulimba
- Median house price: $1,865,000
- Median unit price: $800,000
- Average house rent: $698 per week
- Average unit rent: $495 per week
Near the Brisbane CBD, Bulimba offers its residents cottage-style homes, friendly neighbourhoods, the best cafes, expansive parks, and more. Located just four km from the city, this suburb is equipped with all the amenities you need for an elegant lifestyle.
Check out more properties for sale in Bulimba QLD.
Ascot
- Median house price: $2,450,000
- Median unit price: $582,500
- Average house rent: $760 per week
- Average unit rent: $395 per week
Another expensive suburb in Brisbane that is in high demand is Ascot. Situated next to Hamilton, Ascot offers some beautiful homes and the energy of a tight-knit community. One of its gems is the Ascot State School—one of the best schools in Brisbane. It also has some lovely cafes and stores.
Check out more properties for sale in Ascot QLD.
Conclusion
There are many suburbs in Brisbane if you’re looking for exclusivity. If you’re still deciding where and how to buy a home, check out our recent article on modular prefabricated home prices in Perth.
| Suburb | Median House Price | Median Unit Price | Average House Rent/Week | Average Unit Rent/Week |
|---|---|---|---|---|
| Teneriffe | $3,850,000 | $767,500 | $650 | $427.5 |
| New Farm | $2,785,000 | $799,000 | $770 | $400 |
| Hamilton | $2,257,500 | $533,500 | $750 | $420 |
| Chandler | $3,145,000 | $523,100 | $560 | $427.5 |
| Bulimba | $1,865,000 | $800,000 | $698 | $495 |
| Ascot | $2,450,000 | $582,500 | $760 | $395 |
FAQ Section on The Richest Suburbs in Brisbane
Which is the best suburb in Brisbane?
The top suburbs in Brisbane include Kelvin Grove, Herston, Brisbane City, Fortitude Valley, Kangaroo Point, Spring Hill, Paddington, and Milton. These areas are highly regarded for their location, amenities, and overall quality of life.
What is the most expensive city in Brisbane?
As of January 2024, Brisbane has surpassed Melbourne to become Australia’s third most expensive city in terms of home prices, indicating a significant increase in the property market.
What is the richest suburb in Gold Coast?
Surfers Paradise holds the title as the most expensive suburb on the Gold Coast, reflecting its popularity and the high value of its real estate market.
What is the safest suburb in Brisbane?
The safest suburbs in Brisbane include Samford Valley, Rockyview, Highvale, Upper Kedron, Bonogin, Anstead, Gooburrum, and Bunya. These areas are recognized for their low incidence rates and peaceful community environment.
