The Brisbane suburbs where property values will rise

Red Hill is tipped to join the million-dollar house price club, as property values in Brisbane soar.

Economists have predicted a staggering 20 per cent rise in the median house price over the next three years and new analysis from the SRP Group reveals which Brisbane suburbs will be leading the way.

Red Hill, Keperra, Mount Gravatt, Arana Hills and Rochedale South top the list.

It means Brisbane, where there is already 18 suburbs with a median house price above $1 million, would continue to buck the national property downturn.

But Antonia Mercorella, from Real Estate Institute Queensland, insists the Sunshine State’s capital is still affordable.

“It’s really just a matter of doing your research and looking at what’s available,” she said.

BIS Oxford Economics analyst Angie Zigomanis said most increases won’t be noticed for another 12 months.