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Hamilton & Ascot: Still Brisbane's Best

Hamilton Hill, as viewed from the Brisbane River innernorth.com.au
2 January 2010

Hamilton and Ascot have always been two of Brisbane's most prestigious and exclusive suburbs, and two recent reports have confirmed this yet again.

Data released by the REIQ shows that Hamilton is Brisbane's most expensive suburb, with a median house price of $1.19m. Ascot follows closely behind in second place with a median price of $932,000, making Hamilton Brisbane's only suburb with a million dollar median house price. Third place goes to Pullenvale, which is made up of predominantly acreage properties west of Brisbane.

In a report recently published by the Brisbane Times, it was revealed that Hamilton and Ascot are also at the top of the average income tree for south-east Queensland.

Ascot is number one, with an average annual income of $58,703. Hamilton is only a few dollars behind in second place, with an average income of $58,695. Filing out the top five are the suburbs directly across the river from Hamilton, being Bulimba, Hawthorne and Balmoral, which are all in the $57,000 range.

Although the figures for Ascot and Hamilton are well above the Brisbane average of $41,720, they pale in comparison to Australia's number one, Sydney's Mosman, with an average income of $106,400.

It is true that the median house price and average income are not the only things to take into account when deciding on the city's "best" suburbs, but it is abundantly clear that the majority of Brisbane's brightest and most successful residents chose to call Hamilton and Ascot home.

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