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Luxury Queensland suburbs near Brisbane saw home prices double in five years, driven by wealthy migrants and pandemic-era preferences.
Luxury suburbs in Queensland, especially near a new bridge to Brisbane, have seen house prices double in five years, with Ascot now at a $2.4 million median price and ranked as the state’s fourth most expensive suburb.
Strong demand from wealthy buyers moving from New South Wales and Victoria, fueled by lasting pandemic-driven shifts in housing preferences, has driven the surge.
Areas like Mermaid Beach also saw significant gains, ranking 30th nationally in price increases, though experts caution that such rapid growth may not be sustainable.
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Los suburbios de lujo de Queensland cerca de Brisbane vieron que los precios de las viviendas se duplicaron en cinco años, impulsados por los inmigrantes ricos y las preferencias de la era de la pandemia.