The market that finished 2021 in first place with ‘extraordinary’ growth

Brisbane has finished the year as Australia’s fastest-growing property market, with property prices continuing to rise while Sydney and Melbourne’s markets are slowing down.

“That’s very different to what’s happening in Sydney and Melbourne, where they are back to pre-COVID stock levels.” Teneriffe has the highest median house price in Brisbane, with this five-bedroom house recently sold for $3.325 million.“Even as our median prices rise, our state is still demonstrating greater bang for buck, with investors looking to make their real estate dollar go further and southerners making the move keen to lap up our state’s incredible liveability factor.

Brisbane’s most popular neighbourhoods included Cleveland and Camp Hill, which topped the list of suburbs with the highest total value of sales in Greater Brisbane.Traditional Queenslanders had been tightly held this year, and with a shortage of character homes on the market, any that had sold in 2021 commanded steep prices.

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