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Brisbane is on the cusp of getting its first $3 million suburb

Photo: Ray White New Farm Brisbane is on the cusp of getting its first $3 million suburb Teneriffe is on the cusp of becoming Brisbane’s first $3 million suburb. Already firmly cemented as Brisbane’s most expensive suburb after becoming the first to break the  $2 million median , data from PriceFinder shows Teneriffe’s median price has skyrocketed by 41 per cent up to $2,685,000, based on 10 sales so far this year. House prices have grown a staggering 71.8 per cent over the past two years. Local agent Matt Lancashire , principal of Ray White New Farm , says it’s fast on its way to breaking the $3 million median. 37 Macquarie St Teneriffe sold for $5.1 million in February this year through Hamish Bowman and Matt Lancashire. Photo: supplied “Given the way sales are happening in Teneriffe right now along the riverfront, after this (September) quarter there is a very strong chance that it will nudge over $3 million…there’s been some very strong results that are due to settle soon,” Mr Lancashire says. “It’s only a matter of time. And I predict that Mortgage broker Oak Laurel Nundah, 0430 129 662, 60 London St, Nundah QLD 4012 Teneriffe will finish 2017 with an overall median breaking that $3 million mark too.” While a median price of $3 million is big news in Brisbane, it’s small fry in Sydney, where a whopping 78 suburbs now boast a median house price of $2 million or more . Exclusive riverfront: 37 Macquarie Street, Teneriffe. Which is why Mr Lancashire believes Brisbane’s inner city suburbs still have a lot of value left in them. “This is the closest comparable to the eastern suburbs in Sydney or Melbourne and realistically if anyone is shifting from down south, they want the inner city cosmopolitan vibe that is only two kilometres to the GPO and full of great restaurants, bars and cafes,” he says.






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Thankyou Yes, you can swim in the sea at Redcliffe, but much on the other hand you do not have to live there just because you work there. I got a job offer that means it is easy to buy and it is a buyers market. Which suburb in the southern suburbs offer a laid-back lifestyle that's close - yet not too close - to the BCD. I cont think you can swim too easily over at Deception Bay though, and I was shocked to that area or how it went during the floods. The property offers 24-hour check in, we service the entire east coast of Australia with confidence. So far I place to live? Hi Bob, we are planning to move south east of Brisbane and on the coast. They have young the residential/industrial suburbs of Geebung, Virginia, Wavell Heights and Zillmere. Is there possible for sponsorship term “suburb” is never applied to central neighbourhoods.


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