Toowong leads the list of most in-demand suburbs, as Brisbane records positive property price growth in the quarter ending June 2019  — the only capital city to do so, according to the latest property report by realestate.com.au.

The July 2019 Australian Property Market Report from realestate.com.au has noted that Brisbane is leading the nation’s property market recovery as prices fell just by 1 percent in the past 12 months. Brisbane also managed to rise by 0.1 percent, making it the first capital city to see price growth in the June quarter.

The ten most in-demand suburbs for houses in Brisbane has Toowong leading the list of most viewed suburbs per property listing. Data from 1 June 2018 – 27 June 2019 showed that the median house price in Toowong is $901,250.

Other sought-after suburbs in Queensland include Windsor, Paddington, Greenslopes, New Farm, Wilston, Holland Park, Ashgrove, Camp Hill, and Newmarket.

Compared to Brisbane, over the same quarter, Sydney and Melbourne dwelling prices fell by 0.4 per cent and to date, the median prices already fell by 7.2 per cent and 5.8 per cent, respectively.

Experts believe that the recovering mining sector and infrastructure spending coupled with continued interstate migration, notably from NSW, contributed to Brisbane’s property market recovery.

The price growth, however, came from mostly from the apartment market which rose 0.7 percent quarter-on-quarter for a median price of $387,000 whilst house price dropped a little bit by 0.1 percent to $530,000.



Another noteworthy factor is the rising offshore buyers interest particularly with the number of property seekers from India doubling over the past 12 months which experts  say that like in Sydney and Melbourne, Indian buyers may also start having a big influence on property sales in Brisbane. 

Looking at the dwelling market performance across Brisbane metro area, only the North region recorded a slight drop over the quarter with -.01 percent with median price of $535,000 and views per listing of 1,102. The West region ranks first with 1.3 percent price growth over the quarter for a median price of $642,000  with views per listing of 1,346. South, East, and Inner City follow with quarter-on-quarter percent change of 0.6, 0.5, and 0.4, respectively.