The median house price in Brisbane has exploded by almost 24% over the past 12 months (including the Gold Coast region) according to Domain. But in other suburbs, the median house price has risen by over 36%. With an extremely tight rental market - 1.3% during the September quarter of 2021 - there have been a number of suburbs with high capital growth that joined the ‘million dollar club' this year.
1. Norman Park
House prices in Normal Park have risen 36.3% to $1.24 million over the past year to date according to Domain’s latest House Price Report. Your Mortgage data also shows that the median weekly rent for a house in Norman Park is $600 and gross annual rental yield is 2.71%.
2. Indooroopilly
According to Domain, the median house price in Indooroopilly has risen by 35.9% over the past year to $1.277 million. Median weekly rent for houses in Indooroopilly is $550 and annual gross rental yield is 2.38% according to Your Mortgage.
3. Camp Hill
The median house price shot up by 34% to $1.2 million in Camp Hill over the past year according to Domain. The average weekly rent paid is $585 with a 2.8% gross rental yield according to Your Mortgage data.
4. East Brisbane
East Brisbane's median house price increased by 32% over the past 12 months to $1.107 million according to Domain. According to Your Mortgage, the weekly advertised rent in East Brisbane is $635, and gross rental yield is 3.44%.
5. Graceville
House prices in Graceville rose by 29.5% over the past year according to Domain. With the median house price currently sitting at $1.18 million, Graceville’s median weekly rent is $550 and gross rental yield is 2.51% according to Your Mortgage data.
6. Manly
According to Domain, the median house price in Manly is also $1.1 million after rising 25% annually. Median asking rent in Manly is $550 with a 2.93% gross rental yield according to Your Mortgage.
7. Taringa
Similarly to Manly, Taringa’s house price is currently $1.1 million and rose 25% over the past 12 months according to Domain. Your Mortgage revealed the median weekly asking rent is $500, and the gross rental yield is 2.32%.
8. Red Hill
Red Hill’s median house price rose by 24.9% to $1.111 million over the past year according to Domain. The median rent is $600 per week and the average gross rental yield is 2.84% according to Your Mortgage.
9. Carindale
Domain data revealed the median house price in Carindale is also currently $1.1 million after rising 23.6% in the past year. According to Your Mortgage, the average weekly asking rent is $630 and the gross rental yield is 3.27% in Carindale.
10. Coorparoo
The median house price in Coorparoo is $1.1 million after rising 20.2% over the past 12 months according to Domain. Your Mortgage data also shows the median weekly rent is $550 with a gross rental yield of 2.7%.
