Records tumble: Qld’s top 10 record breaking properties

Queensland suburbs have pulled off a miraculous toppling of record prices for houses in 2022, with its top 10 performers selling for as much as 83 per cent more than previous peak prices.

This property at 54 Kerrs Lane, Coes Creek, sold for a suburb record in 2022.

Queensland suburbs have pulled off a miraculous toppling of record prices for houses in 2022, with its top 10 performers selling for as much as 83 per cent more than previous peak prices.

PropTrack data found “a real mix” of properties among Queensland’s top 10 record breaking performers despite coming off the strongest year ever in 2021 and interest rate headwinds, PropTrack economist Anne Flaherty said – led by an inland estate on the Gold Coast with the rest dispersed from Brisbane to the far north to the hinterland. 

Realestate.com.au economist Anne Flaherty.

“It’s definitely very difficult to top what we saw in 2021 which was a record breaking year, but what we have seen is that actually Queensland as a whole has seen pretty resilient results this year,” Ms Flaherty said. 

“The suburbs around Queensland where the records were broken are really all over the place, whereas if you look at the New South Wales properties, they tend to be more expensive waterfront areas.”

The sale of 7 & 9 Eden Court, Nerang, broke the suburb record in 2022.

The star performer was 7-9 Eden Court, Nerang – two titles listed by Southport-based Amir Prestige Group agents Kris Valcic, Alex Fleri and Victoria Fleri as a package on realestate.com.au, with #7 selling for $5,037,500 and #9 equalling the previous suburb record of $2.75m which had been set in 2021 by 277 Beaudesert-Nerang Road.

Ms Flaherty said the property clearly had growth potential: “There are options here. That’s a really excellent development site, but then of course, someone might see that amount of land and just want to keep it as it is.” 

An aerial shot of the properties at 7 & 9 Eden Court, Nerang.

Kilkivan and Wishart also had 83 per cent jumps, with their records now sitting at $1.15m and $4.12m respectively.

Cannon Valley’s record price jumped 74 per cent rise to $2.8m, followed by Coalfalls (up 47pc to $1.24m) and Donnybrook (up 46pc to $1.46m).

The sale of 962 Rossmore Road, Kilkivan, broke a record in 2022.

The highest price fetched among the top 10 performers was out of Yaroomba on the Sunshine Coast, up 39 per cent to $5.3m with three others in the late 30s Victory Heights (up 39pc to $825k), Coes Creek (up 39 per cent to $1.45m) and Craignish (up 38pc to $2.2m).

Premier Qld auctioneer and owner of six real estate operations across Brisbane including Ray White New Farm, Haesley Cush, said it was no surprise records continued to tumble this year, saying “one strong year can’t outperform 10 bad years”.

The sale of 310 Ham Road, Wishart, set a new record in 2022.

“I genuinely believe that we are going to continue to see records broken next year,” he said.

“You’ll see big spikes in unit prices because we’ve just had eight slow years in units and they’re only just one year into the wakeup.”

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Suburbs with great infrastructure, lifestyle perks like parks, forests or waterways could also be next: “People who had not considered those areas before and come from a higher priced area will see value that the local people can’t see” — much like Sydney and Melbourne buyers did during the pandemic driving up Qld prices.

The sale of this property at 48 Pepperberry Lane, Cannon Valley, set a new record in 2022.

“You only need to look at New Farm, 30 years ago people thought it was a bad area but if you flew in from Sydney, London or New York, you’d look at that suburb sitting on the fringe of the city and you’d break a record to buy there.”

The importance of such records — whether across towns, cities, streets, or within buildings — was they lifted an entire area, Mr Cush said.

The sale of this property at 58 Stephenson Street, Coalfalls, set a new record in 2022.

“Once you get a sale with record value, it makes it very easy for the next person to justify paying that or more.”

Ms Flaherty said every area was unique. “Trends we see in the market as a whole don’t necessarily play out on a suburban level.

The sale of this property at 23 Amy Street, Donnybrook, set a new record for 2022.

“There are still so many highly desirable suburbs in Queensland that buyers are going to continue to fight for and break records. We will continue to see records broken, most likely at the more affordable end as well.”

Queensland’s lifestyle suburbs would also see rises, she said.

This property at 111 Cootharaba Road, Victory Heights, sold for a suburb record in 2022.

“Regardless of market conditions, when you get properties coming up for sale in those really sought after areas, you do see records broken.”

PropTrack ranked the top 10 record breakers based on the percentage difference between the record breaking 2022 price and the previous most expensive sale in the suburb, with the data covering houses only that were sold on realestate.com.au in 2022.

This property at 6 Geeribach Lane, Yaroomba, sold for a suburb record in 2022.