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flag Luxury Queensland suburbs near Brisbane saw home prices double in five years, driven by wealthy migrants and pandemic-era preferences.

flag 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. flag 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. flag 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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