WILSTON has knocked trendy Paddington off its perch to become the most sought after suburb in Brisbane.
WILSTON has knocked trendy Paddington off its perch to become the most sought after suburb in Brisbane.
The city’s northside continues to be the most in demand when it comes to buying a house, according to new figures out today from online property portal realestate.com.au.
Windsor, Indooroopilly, Toowong and Ashgrove are also among the most searched suburbs for house listings.
On the southside, the suburbs of Highgate Hill, Tennyson, Coorparoo and Wishart made the top 10 list of most popular suburbs.
Realestate.com.au chief economist Nerida Conisbee said it was likely that Paddington had lost its top ranking because houses were becoming too expensive.
The suburb’s median house price is now $1.167 million, according to property researcher CoreLogic.
Star couple, model Erin McNaught and her rapper husband, Example, recently bought a luxury home in Paddington for $2.8 million.
“High prices often reduce the desirability of suburbs,” Ms Conisbee said.
Wilston is not far behind, having also recently joined the million dollar club with a median house price of $1m neat.
A five-bedroom Queenslander in the suburb recently sold for just over $1.9 million.
When it comes to apartments, the north side of Brisbane also wins, although Holland Park is the most in-demand suburb overall.
Red Hill, Camp Hill, New Farm, Paddington, Ashgrove and Enoggera also make the top 10.
Ms Conisbee said the Brisbane housing market had been resilient in the face of the current national housing downturn, considering the city was facing the same lending challenges as the rest of Australia.
“Brisbane was meant to be ground zero for apartment oversupply, however concerns about this were overstated and in the end, Brisbane has weathered the downturn well,” Ms Conisbee.
“The fundamentals of property demand continue to hold up the Brisbane market — jobs are being created and this is supporting population growth.”
Rebecca and Daniel Richardson are hoping to sell their new, five-bedroom family home at 11 Gristock St, Coorparoo, at auction this afternoon.
“It’s very convenient to all the motorways and the city, yet it’s quite green and leafy and walking distance to little cafes and the school,” she said.
Marketing agent Annabelle O’Hare of Place – Bulimba said the architecturally designed home had attracted large numbers of interested buyers during the sales campaign.
Ms O’Hare said Coorparoo was an appealing suburb because it was family-friendly, had good schools, was not too congested and still contained houses on larger blocks despite its inner city location.
