Clayfield homes continue to deliver a strong performance in terms of appreciation value this quarter, with a median house price growth rate of 19.9 percent for the first three months of 2021.
The median house price for Clayfield this quarter shows a slight increase at $1.25 million, making it one of the highest in North Brisbane.
The recent big sale for the suburb is an old Queenslander located on a 974-sqm block at 14 Enderley Ave, Clayfield. The house was sold in March 2021 for $2.7 million, fives times higher than its last price in 1995. The house was built in 1950 and attracted buyers nearly 16 months since it was first listed in October 2019.
With its $1.25 million growth this quarter, Clayfield remains to be one of the most expensive suburbs in Brisbane’s north. In contrast, Wavell Heights recorded a median house price of $765,750 whilst Bridgeman Downs remains an affordable option with a median house price of $824,900.
Wilston’s median house price is a bit lower compared to Clayfield’s, at $1.15 million and a quarterly growth rate of 13.4-percent. The recent big sale here is a renovated Queenslander located at 38 Watson St sold at $1.5 million this February.
Although Bridgeman Downs only recorded a quarterly growth rate of 2.4-percent, it’s worth noting that the latest big sale here is a 1.14ha land sold at $3.1 million — slightly higher than its asking price of $2.9 million.
Meanwhile, topping this quarter’s list is Chelmer which recorded a growth rate of 65.1% a median house price of $1.27 million. Two significant sales were recorded just this year, with the latest one sold at $1.85 million. The recent big sale for Chelmer is a contemporary house located at Laurel Ave.
Clayfield Suburb Profile
Located seven kilometres from the CBD, Clayfield attracts both couples with children and professionals. The latest demographic data provided by the Australian Bureau of Statistics showed 42 percent of the population are couples without children whilst 41 percent are families. The remaining percentage pertains to single parents.
Clayfield is considered a great suburb to live in because of its proximity to schools, parks, amenities, and the airport. The suburb also offers excellent public transports, cafes, and restaurants.