Qld's top-selling suburbs revealed
The Ipswich suburb where family homes are still available for under $1m recorded the highest number of house sales among top performers ranked by prop tech firm, InfoTrack.
InfoTrack's Property Market Update showed Springfield Lakes claimed the top spot after coming second to Caboolture last quarter.
'Springfield Lakes is a suburb that continues to gain traction due to its blend of lifestyle, community, and affordability,' said InfoTrack's head of property Australia Lee Bailie.
'Nearby Redbank Plains also made the top 10, in at number four. Both suburbs offer their own unique character but are also well within commuting distance to central Ipswich and the Brisbane CBD.'
The most expensive listing in Springfield Lakes this week was a five-bedroom, three-bathroom house on a 640 sqm lot at 22 Corfu Street, priced at offers over $1.45m.
Local agent Julian Gale, of Gale and Co, noted a shift in buyer demographic over the last three months, with investors dominating.
'We are definitely seeing a lot of interest from interstate again, while anything under $750,000 is also very popular with first home buyers and getting snapped up very quickly,' Mr Gale said.
He said the higher end of the market was also firing, with buyers upgrading from smaller properties to newer or larger homes priced over $1m.
'A lot of people came into this area because they were priced out of the Centenary suburbs in Brisbane's southwest.
'These buyers planned to stay temporarily then move closer to the city, but 5, 6 years on they may have started a family and decided to stay for the community here,' he said.
Recent sales included a renovated four-bedroom house on Shangrila Cres for $1.193m.
PropTrack data shows house prices in Springfield Lakes were up 8.8 per cent over the past 12 months, to a median of $830,000.
For Brisbane, inner-city demand strongly influenced residential units, with Newstead appearing back in the top 10 for the first time since Q2 2024.
'The inclusion of Newstead, alongside sustained interest in neighbouring suburbs Fortitude Valley and Brisbane City, reflects strong demand from buyers seeking an inner-city apartment lifestyle,' Mr Bailie said.
'Newstead, a highly sought-after suburb just 3km from the Brisbane CBD, has several significant strata projects underway which are attracting more buyers to the area who seek the benefits of vibrant inner-city living.'
On the Gold Coast, Surfers Paradise reclaimed the number one location for residential units last quarter.
'Surfers Paradise clawed back into top position, after falling to second place for the previous two quarters, behind Southport and Brisbane City,' Mr Bailie said.
'Half the top 10 suburbs for apartment sales are now in the Gold Coast, with Burleigh Heads making the list for the first time since Q1 2023, in at eighth spot.'
Townsville's Kirwan was the only suburb on either list located outside Southeast Queensland.
The data found houses continued to dominate in Queensland, taking 60.96 per cent of the market last quarter. This represented a steady increase of 0.5 per cent quarter-on-quarter.
TOP 10 QLD SUBURBS
House sales
1. Springfield Lakes
2. Caboolture
3. Ormeau
4. Redbank Plains
5. Morayfield
6. Burpengary
7. Narangba
8. Kirwan
9. Pimpama
10. Yarabilba
Unit sales
1. Surfers Paradise
2. Newstead
3. Brisbane City
4. Southport
5. Fortitude Valley
6. Hope Island
7. South Brisbane
8. Burleigh Heads
9. Maroochydore
10. Broadbeach
* source: InfoTrack
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