This is the fastest growing suburb in Brisbane, where prices jumped almost 35 per cent in just one year.
CoreLogic Market Trends February report showed that Sandgate, in northern part of the Brisbane region, pulled the fastest growth of all suburbs in the Queensland capital.
The median cost of units sold in the area in past 12 months jumped a massive 34.9 per cent – the highest performance of units and houses across the entire capital.
In the past three months alone, the cost of units sold there grew a whopping 19 per cent to $580,000.
Sandgate is renowned as a haven for beach lovers, especially those who like cycling along the waterfront, skateboarding, windsurfing and kite surfing plus the beach is dog friendly.
It also has access to the Shorncliffe Pier, which has been revamped and is a popular spot for photography.
It was one of six suburbs in the Brisbane region where prices jumped by over 25 per cent in one year.
Houses in Lamb Island in Redland Council area were the only other ones to deliver a median sales price jump of over a third, up by 33.3 per cent to $240,000.
Redland suburb Birkdales saw its unit values jump 27.6 per cent to $384,500, houses in South Brisbane were up 27.5 per cent to top $1.07m, while those in Brookwater in Ipswich were up 27.2 per cent to $810,000 and inner-city Dutton Park also surged 26.5 per cent to $1.028m.
FASTEST GROWING BRISBANE SUBURBS:
Sandgate (Brisbane Council) Units $580,000 34.9 per cent
Lamb Island (Redland Council) Houses $240,000 33.3 per cent
Birkdale (Redland Council) Units $384,500 27.6 per cent
South Brisbane (Brisbane Council) Houses $1.07m 27.5 per cent
Brookwater (Ipswich Council) Houses $810,000 27.2 per cent
Dutton Park (Brisbane Council) Houses $1.028m 26.5 per cent
(Source: CoreLogic Market Trends – February)