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Home › Market Insights › Most Expensive Suburbs in Brisbane (2025 Guide)
Brisbane has stepped firmly onto the prestige property stage. Once known as the “affordable capital,” the city is now home to multi-million-dollar sales, blue-chip suburbs, and some of the country’s hottest property competition. Riverfront mansions, heritage Queenslanders and boutique apartments are setting records as interstate migration, limited land supply and lifestyle appeal continue to push prices higher.
In this guide, we’ll break down the most expensive suburbs in Brisbane right now, why they command such high prices, what’s driving the market in 2025, and tips for buying or selling in these elite postcodes.
Key Takeaways Teneriffe remains Brisbane’s most expensive suburb in 2025, with median house prices around $3.7m. Other blue-chip suburbs include New Farm, Ascot, Hamilton, Chandler, Bulimba, Hawthorne, Clayfield, Paddington, and Balmoral. Prices are being driven by scarcity of stock, riverfront locations, lifestyle amenities, and interstate migration. New contenders like Wilston, Norman Park, and Highgate Hill are emerging as future prestige pockets. Buyers need to look beyond suburb medians, prepare for auctions, and do flood/school catchment checks before committing. Sellers can maximise results through storytelling marketing, off-market strategies, timing campaigns, and choosing the right prestige agent. Brisbane remains cheaper than Sydney and Melbourne at the very top end, but the gap is closing quickly.
Key Takeaways
Based on the latest PropTrack and Cotality figures, here are the current front-runners for Brisbane’s top-end property prices (as of early 2025).
Note: Medians reflect early 2025 data from PropTrack and Cotalitly. Riverfront and prestige street sales often sell well above suburb medians.
Brisbane’s prestige postcodes aren’t just about property size. Several factors combine to create the city’s most expensive suburbs.
Areas like Teneriffe and New Farm have limited house stock, much of the land was developed decades ago. With so few houses available and ongoing demand, prices continue to climb.
Prestige buyers want lifestyle as much as property. Access to top restaurants, green spaces, ferry and train links, and walkable neighbourhoods all add to value.
In suburbs like Hamilton or Bulimba, streets such as Laidlaw Parade command eye-watering premiums. River views, private pontoons, and architect-designed homes push values far above the median.
Let’s look more closely at the lifestyle, property stock, and prices in Brisbane’s blue-chip suburbs.
Teneriffe has consistently topped the charts as Brisbane’s most expensive suburb. With a median house price of ~$3.7 million, this riverside pocket offers a rare mix of warehouse conversions, exclusive modern homes, and scenic riverwalks. Stock is extremely limited, with many homes tightly held. Buyers here are typically professionals and executives who want a short commute and a world-class lifestyle.
New Farm blends heritage Queenslanders, Art Deco apartments, and leafy streets anchored by New Farm Park. With medians hovering near $2.9 million for houses, it’s a hotspot for families, downsizers, and prestige buyers alike. The suburb’s dining precincts and access to Howard Smith Wharves cement its appeal.
Ascot is known for its grand, leafy streets, and proximity to elite schools, Ascot holds a median house price around $2.6 million. Buyers are often established families seeking school catchments and a prestige community.
Hamilton is famous for hillside homes with city views and luxury riverfront mansions. The Portside precinct adds fine dining and entertainment. Median houses sit around $2.5 million, but riverfront sales can top $10 million.
For those seeking space, Chandler offers acreage blocks just 20 minutes from the CBD. With a median near $2.4 million, it’s a unique prestige lifestyle suburb popular with buyers wanting privacy, tennis courts, and expansive homes.
These neighbouring suburbs deliver a walkable lifestyle with ferry access, boutique dining, and riverfront streets. House medians sit above $2.1–2.2 million. They’re highly popular with professional families who want a village feel near the city.
With excellent schools, Clayfield is an established prestige area. The median house price sits around $2 million, and buyers often seek generational homes.
Paddington has transformed its heritage workers’ cottages into prestige homes with city views. Medians hover near $1.9 million. Its café culture and walkability make it a favourite for young professionals and families.
While Balmoral houses are pricey, its unit market has surged, with medians pushing towards $950,000. It’s a case study in how Brisbane’s apartment sector is catching up with housing demand.
Brisbane’s prestige property market has changed dramatically over the last few years. Once considered a “cheaper alternative” to Sydney and Melbourne, Brisbane has now carved out its own place in Australia’s luxury market.
Several key trends are shaping prices in 2025:
For new buyers or sellers, this means the prestige end of Brisbane is no longer “undiscovered”, it’s very much on the radar, and competition is only getting tougher.
Buying in one of Brisbane’s most expensive suburbs is not the same as buying in the broader market. Prices are higher, competition is stronger, and small details can make a big difference.
Here are some practical tips for buyers:
Selling a prestige home is very different from selling a standard property. Buyers at this level expect more, not just in the property itself, but in how it’s presented and marketed.
Here’s how to get it right:
Selling in Brisbane’s most expensive suburbs is about more than putting up a “for sale” sign. It’s about finding the right audience and giving them a reason to fall in love with your home.
Brisbane’s most expensive suburbs are no longer a secret. Teneriffe, New Farm, Ascot, and Hamilton continue to dominate, while areas like Chandler, Bulimba, and Balmoral are proving that prestige comes in many forms.
Whether you’re buying into these blue-chip postcodes or selling a prestige home, the right strategy and the right agent makes all the difference.
As of early 2025, Teneriffe (4005) remains Brisbane’s most expensive suburb, with a median house price of about $3.7m.
Houses in top suburbs range from around $2m to $4m median, with riverfront and prestige streets selling well above those medians.
Houses dominate, but units in suburbs like Balmoral have surged, with medians nearing $1m.
Medians reflect the midpoint of sales, but riverfront streets like Laidlaw Parade often sell for several million above the suburb median.
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