During the pandemic, many individuals/families and couples found themselves stuck at home for extended periods of time. With the decreasing interest rates and money saved during these lockdowns, many wanted to move away from small housing in crowded cities to larger home spaces in nature. Thus, 2021 saw a massive surge in house prices across Australia. Here, we explore QLD house prices and the suburbs that saw the most growth.

Mermaid Beach, Gold coast

At the first spot stands Mermaid Beach situated in Gold Coast, Queensland. The only suburb from Queensland on CoreLogics list of top ten regional housing markets, Mermaid Beach saw an annual change of 51.7% in the year 2021. With a median value per property at a whopping $2.2 million, Mermaid Beach easily takes the place of the most expensive suburb on the list.

It is a coastal suburb with a population of only 6533. It houses beautiful seasides along with a plethora of entertainment and eateries. Furthermore, the suburb is a mere 1 and a half-hour drive from the bustling city of Brisbane. This makes an attractive spot for families wanting to reside in close distance to the city.

Elanora

At second position stands Elanora, a small suburb in South- East Queensland. Coming in at 5^th in CoreLogic’s Top 10 southeast Queensland property, Elanora saw an annual growth of 32% in 2021. With a median house price of $943,207, it becomes the most expensive suburb on the list.

Situated 87 kilometers from Central Brisbane, Elanora finds itself located between Tallebudgera Creek and Currumbin Creek. Furthermore, Elanora gives its residents the experience of living in a small town away from the bustling city life.

Tarragindi

Tarragindi, Brisbane takes third place. Additionally, the suburb took the fifth position in CoreLogic’s top 10 Brisbane property picks with a 14.3% in annual growth. Tarragindi has a distance of a mere 7km from Central Brisbane with a median house price of $949,601. This makes it the most expensive suburb on the list.

Located in the south of Brisbane City, Tarragindi houses Holland Park and a plethora of greenery. This makes the suburb is a desirable living area for families, couples, or individuals needing close proximity to the city.

Experts suggest that QLD house prices may get affected if interest rates rise in 2022, but all other factors like remote working continue to drive interest into the state. For more information on suburbs in NSW (click here) and Victoria (click here).

If you are one of the many homeowners intending to make a good buck out of the current housing boom, be sure to be across your GST obligations too. Here’s a guide on what you need to know.