It’s 2025, and Queensland’s luxury property market is red-hot. From Brisbane’s leafy riverfronts to the stunning coastal towns of the Gold and Sunshine Coasts, the most expensive suburbs in Queensland are climbing in value faster than ever.
So, what’s driving this surge?
Queensland has become a magnet for interstate migration, remote professionals, and international buyers chasing more space, a relaxed lifestyle, and that perfect year-round weather. The result? Property prices are reaching record highs across the state.
In this guide, we’ll break it all down, region by region. From Brisbane to the Gold Coast, Sunshine Coast, and even Regional Queensland, we’re diving into the top-tier suburbs, their median house prices, and what’s fuelling the growing demand.
Whether you're investing, buying your first home, or just browsing, you'll get real insights into Queensland’s wealthiest suburbs - and why they command top dollar.
Looking to finance your next home? Chat with trusted Queensland mortgage brokers at Zest Mortgage Solutions. Call (07) 3461 6499 or visit zestmortgagesolutions.com.au.
Why Are These Suburbs the Most Expensive in Queensland?
The most expensive suburbs in Queensland have seen sharp increases in property values due to a unique combination of economic, demographic, and geographic factors. Here’s a breakdown of what’s pushing prices up and what to expect heading into 2025.
Key Factors Behind High Property Prices
1. Limited Supply
High-end suburbs have tight housing stock, with low turnover rates. According to SQM Research, total residential property listings across Queensland fell by 6.5% year-on-year in 2024, with upper-tier markets seeing the lowest new listing volumes.
2. Strong Demand from Interstate Buyers
The Australian Bureau of Statistics confirmed that Queensland recorded the highest interstate migration in the country in 2023–24, with 44,300 people relocating, mostly from New South Wales and Victoria. Many of these buyers target lifestyle-focused, high-value suburbs.
3. Prestige Lifestyle Appeal
High-end suburbs are desirable for their proximity to beaches, rivers, parks, and dining or retail precincts. They also tend to offer low-density housing, access to elite schools, and community exclusivity, factors that drive up demand even in cooling markets.
4. Low Rental Vacancy
In many top-tier areas, rental vacancy rates remained under 1% throughout 2024, pushing investors to bid higher for scarce stock to capture reliable rental returns.
5. Infrastructure and Economic Growth
Ongoing projects, like Brisbane Metro, Olympic Games 2032 preparations, and coastal town upgrades, continue to improve liveability and investor confidence in select areas. Infrastructure-backed capital growth is a major drawcard.
6. Price Growth Momentum
According to CoreLogic’s Home Value Index, Queensland home values rose 8.6% in 2024, with premium suburbs often outpacing the average.
2025 Outlook
- Continued upward pressure in prestige suburbs due to limited stock and strong demand.
- Interest rate cuts expected by late 2025 may further boost buyer activity.
- High-end suburbs are likely to see 6–10% annual price growth, driven by lifestyle migration and rental scarcity.
These combined forces make Queensland’s top suburbs some of the most expensive in the country. They’re likely to remain that way well into 2025.
Most Expensive Suburbs in Queensland by Region
Queensland's luxury housing market isn’t limited to one postcode; it stretches across major metro areas, coastal cities, and even green hinterlands. Let’s break it down by region.
Brisbane (Inner City & Surrounds)
Brisbane’s inner suburbs combine riverfront living, heritage charm, and easy access to the CBD. These areas are known for prestigious schools, vibrant cultural scenes, and rising land values.
1. Teneriffe
Teneriffe remains Queensland’s most expensive suburb in 2025. With a riverfront position, preserved woolstores, and trendy cafes, it's ideal for professionals and prestige buyers seeking exclusivity with heritage charm.
- Median House Price: $3.45 million
- Median Unit Price: $820,000
- Demand for Property: Extremely high; listings stay live for under 15 days on average
2. New Farm
A cultural and lifestyle hotspot, New Farm blends Queenslanders with riverside apartments and a café-lined precinct. Proximity to the CBD and leafy streets attract both families and investors.
- Median House Price: $2.45 million
- Median Unit Price: $760,000
- Demand for Property: Very high; low vacancy rates and quick sales
3. Ascot
Known for its classic Federation-style homes and prestigious private schools, Ascot combines elegance with accessibility. Eagle Farm and Racecourse Road give the suburb a unique social identity.
- Median House Price: $2.8 million
- Median Unit Price: $695,000
- Demand for Property: High among families and downsizers
4. Hamilton
Hamilton offers elevated river views, large luxury homes, and proximity to Portside Wharf. It's popular among professionals and high-net-worth individuals seeking prestige and lifestyle.
- Median House Price: $2.55 million
- Median Unit Price: $720,000
- Demand for Property: High; steady rental demand and capital growth
5. Paddington
Set on Brisbane’s hills, Paddington is admired for its renovated Queenslanders and boutique shopping strips. The suburb offers city views and a strong community feel.
- Median House Price: $2.1 million
- Median Unit Price: $685,000
- Demand for Property: High; quick turnover and strong investor interest
Gold Coast
The Gold Coast blends resort-style living with beachfront prestige. Its most exclusive suburbs offer waterfront homes, canal access, and proximity to vibrant entertainment precincts.
1. Surfers Paradise
As the Gold Coast's iconic hub, Surfers Paradise features high-rise living, nightlife, and beachfront access. It's ideal for investors, with strong short-term rental returns.
- Median House Price: $2.15 million
- Median Unit Price: $675,000
- Demand for Property: Very high; especially for short-term rentals
2. Mermaid Beach
With limited beachfront housing, Mermaid Beach is the epitome of exclusivity. Residents enjoy peace, privacy, and proximity to Broadbeach's restaurants and shopping.
- Median House Price: $3.2 million
- Median Unit Price: $790,000
- Demand for Property: Extremely high; ultra-low days on market
3. Broadbeach Waters
Offering canal-front homes and easy access to Pacific Fair and The Star Casino, this suburb balances prestige and convenience. Popular among boaties and entertainers.
- Median House Price: $2.6 million
- Median Unit Price: $720,000
- Demand for Property: Strong; growing interest from interstate buyers
4. Paradise Point
A quiet, waterside enclave known for upscale homes and a relaxed village vibe. It appeals to retirees, professionals, and those seeking low-density luxury.
- Median House Price: $2.3 million
- Median Unit Price: $700,000
- Demand for Property: Steady and rising; popular with downsizers
5. Sovereign Islands
An ultra-exclusive gated community built on man-made islands. Homes often exceed $5 million, with private docks and sweeping Broadwater views.
- Median House Price: $4.85 million
- Median Unit Price: N/A (limited strata stock)
- Demand for Property: High among ultra-high-net-worth buyers
Sunshine Coast
The Sunshine Coast combines natural beauty, relaxed living, and fast-growing infrastructure. Its top suburbs are known for beaches, canal estates, and high-end retail.
1. Sunshine Beach
A tightly held suburb next to Noosa National Park, known for luxurious coastal homes. High privacy and unbeatable ocean views drive its desirability.
- Median House Price: $2.9 million
- Median Unit Price: $850,000
- Demand for Property: Very high; days on market often under 20
2. Noosa Heads
The region’s lifestyle capital with designer boutiques, fine dining, and holiday home appeal. Prices surged due to strong interstate interest and limited housing.
- Median House Price: $2.75 million
- Median Unit Price: $860,000
- Demand for Property: High; low vacancy and rental competition
3. Minyama
Set on canal estates with deepwater access, Minyama is a boatie’s paradise. Homes are spacious and privacy is a major perk.
- Median House Price: $2.25 million
- Median Unit Price: $780,000
- Demand for Property: Moderate to high; niche market appeal
4. Alexandra Headland
Sitting on a ridge with sweeping ocean views, this suburb is ideal for those seeking both elevation and coastal proximity.
- Median House Price: $1.95 million
- Median Unit Price: $690,000
- Demand for Property: Strong among professionals and downsizers
Regional Queensland
Beyond the major cities, high-end suburbs are emerging in the hinterlands and boutique rural towns. These offer acreage, privacy, and strong lifestyle appeal.
1. Doonan
A lush hinterland retreat close to Noosa, Doonan is known for large blocks, designer homes, and mountain views. Ideal for semi-rural luxury living.
- Median House Price: $2.1 million
- Median Unit Price: N/A (no unit market)
- Demand for Property: High among tree-changers and retirees
2. Currumbin Valley
Combines rainforest living with easy access to Gold Coast beaches. Popular with creatives and families wanting space and privacy.
- Median House Price: $2.05 million
- Median Unit Price: N/A (limited units)
- Demand for Property: Niche but growing; acreage in demand
Sources: SQM Research, Realestate.com.au, CoreLogic. Note that property prices tend to fluctuate over time; hence, it’s best to always consult with your real estate agent for the latest market values.
Chat with Trusted Queensland Mortgage Brokers
Buying in one of Queensland’s expensive suburbs? Whether it’s a home loan or a commercial property loan, the expert Queensland mortgage brokers at Zest Mortgage Solutions can help. Call (07) 3461 6499 or visit zestmortgagesolutions.com.au to secure your finance with confidence.
Frequently Asked Questions (FAQs)
What is the most expensive suburb in Queensland?
As of 2025, Teneriffe in Brisbane tops the list with a median price of $3.45 million for residential homes. Its inner-city suburb status, proximity to the Brisbane CBD, and historic charm continue to attract savvy property investors seeking strong capital growth and premium living.
What are the most overvalued suburbs in Brisbane?
Suburbs showing signs of overvaluation include parts of Spring Hill and Bowen Hills, where prices have outpaced average price trends and rental returns. While they remain popular suburbs, careful consideration is needed due to weaker rental property yields and low steady growth compared to more established prestigious suburbs.
Where do rich people live on the Gold Coast?
Wealthy residents tend to cluster in areas like Mermaid Waters, Paradise Point, and Sovereign Islands, drawn to beautiful beaches, coastal lifestyle, and luxury canal-front homes. These suburbs benefit from major infrastructure projects, low vacancy, and a tight-knit community, making them ideal for experienced buyers and those after expensive houses.
What is the most sought after suburb on the Gold Coast?
Mermaid Waters remains one of the most sought-after suburbs due to its blend of laid-back lifestyle, prestige, and access to amenities. It consistently shows double-digit growth, high demand for housing, and a suburb median that outpaces the wider Australian property market.
What is the richest suburb in the Sunshine Coast?
Sunshine Beach holds the title with a median sale price around $2.9 million, fuelled by luxury homes and proximity to beautiful beaches. With rapid population growth, limited properties for sale, and a premium suburb profile, it's a magnet for property buyers looking for a major investment.
What types of home loans can Queensland mortgage brokers help with?
Queensland mortgage brokers assist with a wide range of loan types including first-home buyer loans, investment property loans, refinancing, and commercial property finance. Whether you're targeting market properties in leafy suburbs or investing in rental property, brokers can tailor a property investment strategy to your needs.
Wrapping It Up
Whether you're eyeing a home in one of Queensland’s most expensive suburbs or exploring your options for an investment property in 2025, having the right support makes all the difference. From home loans to commercial property loans, getting expert advice early can save you time, money, and a lot of second-guessing.
At Zest Mortgage Solutions, our experienced mortgage brokers are here to help you find the right loan for your goals. With offices in Ipswich and Springfield, we proudly work with buyers across a wide range of Queensland locations.
Book your free consultation today by calling (07) 3461 6499 or visiting zestmortgagesolutions.com.au. Let’s find a loan that fits - whatever your property plans look like in 2025.
