Travis and Selina Elliott with their kids Abi 11yrs and Cooper 8yrs. Picture: Steve Pohlner.
Travis and Selina Elliott knew the Moreton Bay coastline was a hidden gem when they moved there a decade ago: years before it started to shoot up in value, catching up to the rest of Brisbane’s rising home prices.
“We’ve been living out in the [Redcliffe] Peninsula for a long time,” Mr Elliott said.
“I think there’s always been a well-kept secret up there, to be honest.
“Your only other places that are comparable are Manly and Cleveland, Raby Bay; and they boomed 6-10 years ago.”
“It kind of was inevitable, an area like that surrounded by water, still kind of accessible to the CBD.”
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PropTrack’s latest Home Price Index revealed the median house price in greater Brisbane surged 11.1 per cent, or $117,400 to $1.126m over 12 months.
“It’s kind of the reason we said it was a good time to sell our house,” Mr Elliott said.
The family bought the home at 24 Fernlea Ave, Scarborough, in 2022 for $1,512,500.
Since then, the family conducted a full renovation on the property, and have already found a new home in the same area.
“You’re always catching up with new people at the markets and at the school,” Mr Elliott said.
The Elliotts with their beautiful view across the water. Picture: Steve Pohlner
“We deal with a lot of southerners who move up … the people who bought our old house were from Port Macquarie, NSW.”
“They moved up here with their older children doing Uni. They wanted a change, to try that Queensland lifestyle.”
Place Redcliffe Peninsula agent Adam Clark-Lynch said many of the homes on the peninsula were built for accessibility to the beach and its views, with buyers only just starting to recognise the area’s potential.
“I’ve been selling here for 18 years,” he said, “and people used to think we were detached from Brisbane.
“But people started coming here for the lifestyle and realised we’re only 40 minutes from the CBD. We’re really like the Sydney north shore of Brisbane.”
“We’ve still got a fair bit of catch-up to go, so I think people are realising that and are buying with confidence – I think in the next 5 to 10 years we’ll see strong growth in the region.”
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