Wakerley & Gumdale Top Land Value Growth Suburbs

The Valuer-General’s Report 2017 places Gumdale (30.1%) and Wakerley (29.4%) at the top of Brisbane suburb increases of land values over the past 12 months. We’ve seen significant price rises in houses over the past year also, and I would anticipate this increase will result in further growth of prices, as buyers begin to realise that buying an established property is better value than building.

The full report is available here: http://bit.ly/VGBrisbane2017

Table 1 – Median value of residential land*

Residential localities Previous median value as at 1/10/2015 ($) New median value as at 1/10/2016 ($) Change in median value (%) Number of properties
Acacia Ridge 237,500 237,500 0 2474
Albion 450,000 495,000 10 488
Alderley 500,000 540,000 8 1683
Algester 310,000 310,000 0 2551
Annerley 460,000 500,000 8.7 2291
Anstead 270,000 270,000 0 87
Archerfield 227,500 227,500 0 225
Ascot 840,000 880,000 4.8 1303
Ashgrove 570,000 620,000 8.8 3896
Aspley 370,000 405,000 9.5 3948
Auchenflower 510,000 560,000 9.8 1152
Bald Hills 237,500 242,500 2.1 2426
Balmoral 590,000 600,000 1.7 1114
Banyo 320,000 350,000 9.4 2178
Bardon 590,000 620,000 5.1 3055
Bellbowrie 225,000 225,000 0 1694
Belmont 355,000 425,000 19.7 1192
Boondall 242,500 265,000 9.3 3092
Bowen Hills 600,000 660,000 10 89
Bracken Ridge 285,000 285,000 0 5544
Bridgeman Downs 415,000 415,000 0 2580
Brighton 340,000 375,000 10.3 3513
Brisbane City 530,000 560,000 5.7 4
Brookfield 350,000 405,000 15.7 470
Bulimba 650,000 680,000 4.6 1596
Bulwer 405,000 405,000 0 63
Burbank 295,000 310,000 5.1 1
Calamvale 320,000 395,000 23.4 3922
Camp Hill 530,000 600,000 13.2 3888
Cannon Hill 470,000 500,000 6.4 1676
Carina 430,000 500,000 16.3 2581
Carina Heights 425,000 500,000 17.7 1579
Carindale 455,000 550,000 20.9 5037
Carseldine 310,000 310,000 0 2653
Chapel Hill 380,000 455,000 19.7 3449
Chelmer 600,000 620,000 3.3 1058
Chermside 350,000 420,000 20 1432
Chermside West 335,000 385,000 14.9 2416
Chuwar 180,000 190,000 5.6 27
Clayfield 680,000 710,000 4.4 2053
Coopers Plains 380,000 420,000 10.5 1762
Coorparoo 560,000 590,000 5.4 3485
Corinda 440,000 450,000 2.3 1488
Cowan Cowan 415,000 415,000 0 68
Darra 255,000 280,000 9.8 1303
Deagon 300,000 330,000 10 1456
Doolandella 265,000 265,000 0 1332
Drewvale 270,000 320,000 18.5 1313
Durack 235,000 235,000 0 1809
Dutton Park 570,000 600,000 5.3 423
East Brisbane 485,000 530,000 9.3 1289
Eight Mile Plains 400,000 450,000 12.5 3488
Ellen Grove 149,000 149,000 0 616
Enoggera 455,000 490,000 7.7 1380
Everton Park 365,000 420,000 15.1 2718
Fairfield 450,000 485,000 7.8 817
Ferny Grove 340,000 340,000 0 1830
Fig Tree Pocket 455,000 480,000 5.5 1300
Fitzgibbon 227,500 250,000 9.9 2050
Forest Lake 255,000 255,000 0 7724
Fortitude Valley 690,000 695,000 0.7 140
Gaythorne 420,000 440,000 4.8 663
Geebung 340,000 340,000 0 1703
Gordon Park 475,000 500,000 5.3 1073
Graceville 520,000 530,000 1.9 1556
Grange 550,000 590,000 7.3 1399
Greenslopes 475,000 495,000 4.2 1834
Gumdale 365,000 475,000 30.1 298
Hamilton 750,000 830,000 10.7 1086
Hawthorne 750,000 790,000 5.3 1369
Heathwood 275,000 275,000 0 1047
Hemmant 310,000 310,000 0 732
Hendra 620,000 610,000 -1.6 1601
Herston 500,000 550,000 10 401
Highgate Hill 630,000 690,000 9.5 1046
Holland Park 455,000 530,000 16.5 2681
Holland Park West 435,000 480,000 10.3 2024
Inala 215,000 215,000 0 4786
Indooroopilly 520,000 560,000 7.7 2678
Jamboree Heights 320,000 320,000 0 1188
Jindalee 290,000 290,000 0 1878
Kalinga 590,000 650,000 10.2 604
Kangaroo Point 570,000 570,000 0 528
Karana Downs 185,000 195,000 5.4 910
Kedron 445,000 510,000 14.6 2528
Kelvin Grove 495,000 520,000 5.1 1085
Kenmore 370,000 405,000 9.5 3221
Kenmore Hills 415,000 475,000 14.5 592
Keperra 345,000 375,000 8.7 2505
Kholo 167,500 175,000 4.5 1
Kooringal 235,000 235,000 0 159
Kuraby 320,000 385,000 20.3 2296
Lota 375,000 405,000 8 1148
Lutwyche 455,000 500,000 9.9 548
Macgregor 425,000 450,000 5.9 1787
Mackenzie 375,000 450,000 20 576
Manly 490,000 510,000 4.1 1335
Manly West 350,000 385,000 10 3768
Mansfield 425,000 485,000 14.1 2870
Mcdowall 360,000 395,000 9.7 2335
Middle Park 330,000 330,000 0 1350
Milton 497,500 525,000 5.5 386
Mitchelton 415,000 435,000 4.8 2756
Moggill 247,500 255,000 3 1377
Moorooka 415,000 435,000 4.8 2987
Moreton Island 340,000 340,000 0 1
Morningside 510,000 550,000 7.8 2287
Mount Crosby 202,500 217,500 7.4 69
Mount Gravatt 370,000 415,000 12.2 971
Mount Gravatt East 415,000 475,000 14.5 3432
Mount Ommaney 540,000 540,000 0 703
Murarrie 420,000 430,000 2.4 1364
Nathan 305,000 350,000 14.8 274
New Farm 890,000 890,000 0 1322
Newmarket 530,000 570,000 7.6 1229
Newstead 840,000 840,000 0 7
Norman Park 540,000 580,000 7.4 1869
Northgate 420,000 445,000 6 1217
Nudgee 365,000 365,000 0 1301
Nudgee Beach 415,000 420,000 1.2 126
Nundah 455,000 480,000 5.5 1642
Oxley 295,000 335,000 13.6 2707
Paddington 590,000 620,000 5.1 2590
Parkinson 350,000 395,000 12.9 3002
Petrie Terrace 485,000 510,000 5.2 405
Pinjarra Hills 212,500 212,500 0 1
Pinkenba 220,000 255,000 15.9 125
Pullenvale 275,000 275,000 0 7
Red Hill 560,000 590,000 5.4 1620
Richlands 240,000 240,000 0 372
Riverhills 275,000 275,000 0 1370
Robertson 530,000 640,000 20.8 1174
Rochedale 400,000 425,000 6.3 611
Rocklea 210,000 210,000 0 618
Runcorn 340,000 375,000 10.3 3514
Salisbury 360,000 415,000 15.3 2255
Sandgate 395,000 435,000 10.1 1479
Seven Hills 510,000 640,000 25.5 760
Seventeen Mile Rocks 310,000 310,000 0 897
Sherwood 570,000 590,000 3.5 1368
Shorncliffe 440,000 485,000 10.2 643
Sinnamon Park 350,000 350,000 0 1938
South Brisbane 560,000 620,000 10.7 305
Spring Hill 610,000 640,000 4.9 490
St Lucia 670,000 700,000 4.5 1503
Stafford 405,000 460,000 13.6 2114
Stafford Heights 390,000 450,000 15.4 2721
Stretton 470,000 495,000 5.3 1286
Sumner 230,000 230,000 0 191
Sunnybank 445,000 530,000 19.1 2890
Sunnybank Hills 400,000 480,000 20 5133
Taigum 290,000 290,000 0 1307
Taringa 600,000 650,000 8.3 1233
Tarragindi 470,000 520,000 10.6 3827
Teneriffe 910,000 910,000 0 366
Tennyson 455,000 455,000 0 268
The Gap 395,000 415,000 5.1 5602
Tingalpa 335,000 380,000 13.4 2555
Toowong 475,000 520,000 9.5 1802
Upper Brookfield 252,500 252,500 0 14
Upper Kedron 340,000 340,000 0 1390
Upper Mount Gravatt 385,000 455,000 18.2 2700
Virginia 360,000 385,000 6.9 895
Wacol 197,500 197,500 0 231
Wakerley 340,000 440,000 29.4 2376
Wavell Heights 455,000 480,000 5.5 3641
West End 650,000 720,000 10.8 1420
Westlake 390,000 390,000 0 1528
Willawong 650,000 650,000 0 1
Wilston 610,000 670,000 9.8 1099
Windsor 500,000 540,000 8 1691
Wishart 405,000 465,000 14.8 2916
Woolloongabba 465,000 465,000 0 1213
Wooloowin 510,000 560,000 9.8 939
Wynnum 380,000 410,000 7.9 4328
Wynnum West 330,000 340,000 3 3743
Yeerongpilly 440,000 485,000 10.2 391
Yeronga 500,000 550,000 10 1432
Zillmere 270,000 310,000 14.8 2241
All Residential Localities 390,000 430,000 10.3 300,018