Market Update: Which burbs boomed more than 10% in winter?

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While we shivered through some chilly winter nights in August, the Brisbane property market was sizzling.

So much so that multiple suburbs across Brissie clocked up greater than 10 per cent growth.

Looking at a broad corridor from the inner north to outer north, give or take a few suburbs either side, we’ve counted 18 local hot spots that saw growth from 10.3 per cent to a whopping 37.9 per cent.

The analysis used data from PropTrack and was reported by realestate.com.au.

“One thing about the data that struck me was that, unlike a number of top performing suburb lists, there was quite an even spread between different states,” writes the realestate.com.au reporter.

“It shows that there are markets everywhere that are primed for growth, not just particular states or regions.”

So will the growth party continue into spring? Certainly we’re continuing to see sizzle, and that’s not surprising given the market conditions.

“The combination of lower interest rates, increased borrowing capacities and improved sentiment is expected to continue to drive demand,” says REA Group senior economist Eleanor Creagh.

“Constrained new housing supply, strong population growth and the expansion of the Home Guarantee Scheme from October will also maintain upward pressure on prices.”

Check out the north side burbs that had a smoking hot winter, clocking up growth of more than 10 per cent:

  • New Farm, 37.9%
  • Enoggera, 29.7%
  • Grange, 29.3%
  • Cashmere, 28.3%
  • Northgate, 24.3%
  • Clontarf, 18%
  • Everton Hills, 16.5%
  • Gordon Park, 15%
  • Deagon, 14.6%
  • Warner, 13.8%
  • Arana Hills, 13.5%
  • Banyo, 13.3%
  • The Gap, 13.2%
  • Chermside, 13%
  • Kedron, 12.6%
  • Ferny Grove, 12.1%
  • Hendra, 10.4%
  • Boondall, 10.3%

Ready to cash in on the growth party? Find out how much your property is worth or talk to us about selling.

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