Three coast suburbs hit the most expensive Queensland suburb list

first_img1153/1 Lennie Ave, Main BeachMAIN Beach has been crowned the most expensive suburb on the Gold Coast, according to the latest data from Corelogic. Main Beach, Mermaid Beach and Surfers Paradise are among a list of ten Queensland suburbs that now have multi-million dollar median prices in 2017. The prestigious Brisbane suburb of Teneriffe topped the list at a median house price of $2.05 million. The CoreLogic Market Trend figures showed Main Beach came in as the third most expensive suburb in the state with a median house price of $1.75 million. While 11 houses have sold in the past 12 months, units proved most popular with 252 sold in the past year, according to the data. Mermaid Beach was the sixth most expensive suburb at $1.41 million, with Surfers Paradise following at seventh place at $1.325 million. 1153/1 Lennie Ave, Main Beach is on the market QUEENSLAND’S MOST EXPENSIVE SUBURBS: Teneriffe $2.05M South Brisbane $1.781M Main Beach $1.75M New Farm $1.605M Ascot $1.425M Mermaid Beach $1.41M Surfers Paradise $1.325M Hamilton $1.275M Hawthorne $1.2M Bulimba $1.17M Main Beach is home to luxury apartmentsLucy Cole from Lucy Cole Prestige Properties has recently sold two multi-million dollar apartments in the suburb.The data shows that more than half of the residents moved to the suburb five years ago.“The market slowed down for a few years in Main Beach but the area is really coming to life again,” Ms Cole said. Ms Cole said interstate buyers and young couples were contributed to the market. “The pace has really picked up with a lot of families discovering the area.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“Over the past year we have seen the market pick up in price, especially with people moving from interstate and buying the units unseen.“They usually pay full price on the spot too.”last_img read more