AS spring selling season gathers steam new figures have revealed the suburbs in Brisbane where prices have bloomed.
The median house price in Fig Tree Pocket jumped higher than any other suburb in the past financial year.
According to data from CoreLogic, the leafy suburb was the best performer in the river city, with the median house price up 25.5 per cent to $1.15 million.
Anstead came in at second place, up 24.5 per cent to $837,500, and St Lucia house values increased 24.3 per cent to sit at $1.255 million.
Fig Tree Pocket real estate agent Cathy Lammie said anything within 10km of the Brisbane CBD was performing well but she wasn’t surprised her patch came out on top.
“It has always been a strong performing suburb and we’ve probably sold more million dollar properties in the past year than ever before,” she said.
Ms Lammie said while value growth was good news, it was the lifestyle that attracted buyers to the area.
“It’s so close to the city but there is so much green space,” she said.
“It’s like being in an old fashioned suburb.
“People don’t really leave the area. They’ll sell to upgrade but if they’re leaving Fig Tree Pocket, they tend to be leaving the state.”
Fig Tree Pocket residents Margaret and David Oliver have lived in the area since 2004.
The couple have bought three times in the suburb, upgrading each time.
Georgia, David, Margaret and Jessica Oliver walk Milo the dog in Fig Tree Pocket, Photo: AAP/Steve Pohlner
They and are in a rental property in the suburb, while they wait to move into their third Fig Tree Pocket home on the riverside with daughters, Jessica and Georgia, and dog Milo.
Mrs Oliver had notice significant growth in Fig Tree Pocket in the past year.
“I’m not surprised. It’s a great suburb, close to everything,” she said.
“It feels like living the country yet it is so close to the city.
“Visitors really do say ‘wow’ as we drive home past the Queensland Equestrian Centre and the acres of beautiful parkland.”
In the wider Brisbane area, the seaside township of Donnybrook, north of Brisbane, saw the best growth in house prices with the median up 35.5 per cent to $410,000.
Willowbank comes in at second place, up 31.6 per cent to $362,000, and Woodend increased 29.1 per cent to sit at $386,000.
Originally Published: www.weeklytimesnow.com.au