REVEALED: Brisbane’s Most Expensive Suburbs To Rent
As Brisbane’s rental market continues to surge, new data reveals the city’s most expensive suburbs to rent a house — and six of them now command over $1,000 a week.
5 min
The Brisbane rental market has surged in recent years, and the city’s most prestigious postcodes are now commanding eye-watering prices for houses.
Data commissioned by Kanebridge News from property data analytics firm Cotality (formerly CoreLogic) reveals that renters are forking out more than $1,000 a week in six of Brisbane’s most expensive suburbs — a threshold that reflects the strength of the city’s prestige housing market and growing interstate demand.
Below, we reveal the most expensive suburbs in Brisbane right now for renting a house, with a breakdown of median house prices, weekly rents, and what makes each neighbourhood so desirable.
*Cotality only includes suburbs where there have been 20 or more houses for rent over a single year. Prices are accurate as of May 2025.
Hawthorne
Median house value: $2.16m
Median weekly house rent: $1,083
The Neighbourhood
Hawthorne is one of Brisbane’s premier riverfront suburbs. On the southern side of the Brisbane River, around six kilometres from the CBD, Hawthorne is characterised by its wide, tree-lined streets, a mix of heritage and restored Queenslanders, and new architect-designed modern homes. Residents enjoy proximity to the Brisbane River, boutique cafes, the historic Hawthorne Cinema, and excellent ferry links. The area’s village-style atmosphere and strong school zoning make it a magnet for high-income families and professionals.
The Homes
The priciest home for lease in Hawthorne is a fully renovated Queenslander on Mullens Street, one of the best streets in the suburb. The $1,400 a week rental has four bedrooms and last sold for $2.6 million late last year.
Bulimba
Median house value: $2.05m
Median weekly house rent: $1,079
The Neighbourhood
Next door to Hawthorne, Bulimba is also one of Brisbane’s most sought-after lifestyle suburbs. Its Oxford Street precinct is a major drawcard, filled with cafés, restaurants, boutiques, and a vibrant community atmosphere. The houses are also very similar to those of its neighbouring suburb, classic Queenslanders and contemporary builds.
The Homes
The most expensive rental on the market in Bulimba is a five-bedroom renovated Queenslander on over 1,000 sqm. It has an outdoor lounge area, a swimming pool, and a gym. It is seeking a tenant at $2,250 a week.
Brookfield
Median house value: $2.02m
Median weekly house rent: $1,064
The Neighbourhood
Brookfield in Brisbane’s western suburbs is the answer for those seeking space, privacy, and a touch of country living within city limits. Located around 13km from the CBD, Brookfield is renowned for its large homes on expansive blocks, leafy surrounds, and strong community feel.
The area’s semi-rural charm is paired with proximity to excellent private schools and natural attractions like Mount Coot-tha. High demand for acreage homes in a prestige setting has pushed median weekly rents to $1,064 — making it one of the most exclusive outer suburbs for renting a house in Brisbane.
The Homes
There are just two homes for rent in Brookfield currently, one a five-bedroom home asking $1,300 a week.
Chelmer
Median house value: $1.91m
Median weekly house rent: $1,053
The Neighbourhood
Situated on a bend of the Brisbane River, Chelmer offers peaceful, upmarket living less than 10km from the CBD. The suburb is known for its character homes, riverside views, and wide, leafy streets lined with jacarandas.
Chelmer has long attracted well-heeled families drawn to its excellent school catchments, village charm, and easy train access to the city.
The Homes
A four-bedroom Queenslander with a pool on Jarrot Street is the priciest in Chelmer. It is seeking a $1,425 a week tenant.
Ascot
Median house value: $2.47m
Median weekly house rent: $1,025
The Neighbourhood
An icon of Brisbane’s prestige property market, Ascot is synonymous with elegance, history, and high-end living. The suburb is famous for its heritage-listed homes, proximity to the racecourses at Eagle Farm and Doomben, and the elite private schools that attract families from across the city.
Ascot is just 7km from the CBD and offers a refined, well-connected lifestyle with some of Brisbane’s most prestigious real estate. With a median weekly rent of $1,025 and the highest median house value on the list, it remains a flagship suburb in Brisbane’s luxury rental market.
The Homes
A four-bedroom Queenslander with a pool on Jarrot Street is the priciest in Chelmer. It is seeking a $1,425 a week tenant.
Pullenvale
Median house value: $2.02m
Median weekly house rent: $1,020
The Neighbourhood
Set against a backdrop of rolling hills and native bushland, Pullenvale offers an acreage lifestyle just 20km from the city. The suburb is known for its spacious estates, peaceful atmosphere, and strong appeal to families who want both luxury and seclusion.
Despite its tranquil setting, Pullenvale is still within reach of top private schools and shopping hubs like Indooroopilly. With demand for large homes on generous land rising, the suburb has hit a median rent of $1,020 — placing it firmly within Brisbane’s most exclusive rental enclaves.
The Homes
One of the most expensive homes in Pullenvale on the rental market is Lynwood, a $1,200 a week rental. Set on 10,000 sqm, the 1940s-built home features a fireplace, 12ft ceilings, timber floor and VJ walls. It has four bedrooms and is wrapped in verandahs that overlook the surrounding manicured gardens.
Brisbane’s Cheapest Suburb: Russell Island
Median purchase: $454,000
Median rent: $461
Russell Island is the most affordable suburb within Greater Brisbane. Deemed as East Brisbane, Russell Island is in the City of Redland, 20 minutes by passenger ferry from Redland Bay.
The large 1,700-hectare island has a permanent population of 4,000 people and has everything from a medical centre and supermarket to an RSL, library, and museum.
Brisbane’s Best Suburb: Kangaroo Point
Kangaroo Point is the most consistently expensive suburb in Brisbane due to its tight supply of houses. According to the last census, just 10 percent of dwellings in the suburb are houses, given its proximity to the CBD.
The riverfront suburb is the closest to the Story Bridge on the south side, and has set records for the most expensive houses in the capital, which hug the cliff face. The suburb is home to Kangaroo Point Cliffs Park, The Cliffs Boardwalk, and popular Italian restaurant Joey’s that serves morning coffees all the way through to fine dining at night, with a terrace that takes in the best views in Brisbane.
The Holman Street Ferry Terminal connects Kangaroo Point to the city in minutes.
What is Brisbane’s most expensive suburb to rent a house?
As of May 2025, Hawthorne is Brisbane’s most expensive suburb to rent a house.
What is Brisbane’s cheapest suburb to rent a unit?
As of May 2025, Russell Island is Brisbane’s most expensive suburb to rent a house.
What is Brisbane’s most expensive suburb to buy a house?
As of May 2025, New Farm is Brisbane’s most expensive suburb to buy a house.
What is Brisbane’s most expensive suburb to buy a unit?
As of May 2025, Point Lookout is Brisbane’s most expensive suburb to buy a unit.
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As interest rates, inflation and market sentiment fluctuate, investors are being urged to focus on data, not panic.
Australia’s housing affordability crisis is being fuelled by chronic undersupply, planning delays and rising development costs, as politicians continue to focus on the wrong solutions.
3 min
Australia’s housing crisis will not be solved by first-home buyer incentives or tax changes alone, with leading property figures warning governments must tackle supply constraints if affordability is to improve.
Speaking at the Kanebridge Quarterly Property Leadership Summit in Sydney last week, expert project marketing specialist Sam Elbanna, property investor and fund manager Paul Miron and property consultant Karla McNeice said that a lack of housing supply remained the central issue facing the market.
Elbanna, Director of CPM Realty with more than 30 years’ experience in project sales, argued that successive governments had focused too heavily on stimulating demand rather than addressing the barriers preventing new housing from being delivered.
“The misconception is that politicians think the way to solve the housing crisis is to drive demand,” he said.
“The reality is that’s not the way. This is a supply-side problem, and it needs to be solved on the supply side.”
Drawing on his experience in project sales, Elbanna said policies designed to help first-home buyers often had unintended consequences, pointing to previous grants that ultimately flowed through to higher property prices.
Instead, he said developers were facing increasing red tape, approval delays and rising costs, which were discouraging new housing supply.
“In the absence of stock, demand exceeds supply,” he said.
Miron, a Co-Founder and Fund Manager of Msquared Capital, said the housing debate had become overly focused on tax policy while overlooking broader structural issues.
He argued that affordability challenges stemmed from a combination of factors, including planning constraints, supply shortages, migration levels and interest rates.
“No-one can be 100 per cent certain on the real reason for property prices is going up,” he said.
“The reason why property prices are higher is a combination of interest rates, lack of supply, migration, vacancy rates and maybe taxes play a role.”
Miron was critical of recent federal housing policy changes, warning they could reduce the number of new homes being built and further constrain supply that was even highlighted in the budget.
He also highlighted the importance of the property sector to the broader economy, noting that residential real estate and related industries employed more than one million Australians.
McNeice, who advises developers on sales strategy and market intelligence, said understanding buyers had become increasingly important as affordability pressures intensified.
While affordability remained a major consideration, she said today’s buyers were focused on value rather than simply price.
“People are looking for value for money,” she said.
She said buyers were increasingly evaluating factors such as transport connections, walkability, nearby amenities and flexible living spaces that could accommodate changing family needs.
“What infrastructure is going on? Can I walk to the shops? Can I meet people at the local cafe?” she said.
The panel also discussed the mounting pressures facing developers, with Elbanna arguing that many projects become financially unviable from the moment a site is purchased.
“The viability of a development happens at the moment the site is bought,” he said.
He said rising construction costs, higher interest rates and overly optimistic feasibility assumptions had left some developers exposed as market conditions changed.
While acknowledging the growing number of smaller and first-time developers entering the market, Elbanna said property development required expertise across finance, construction, marketing and legal disciplines.
“It is actually a business that requires a level of expertise,” he said.
Looking ahead, the panel agreed opportunities remained in the market despite current challenges.
Miron said property should continue to be viewed as a long-term investment and cautioned against trying to time short-term market movements.
McNeice said success would increasingly depend on identifying projects that genuinely met changing buyer expectations.
Elbanna said affordable housing remained achievable, but developers needed to deliver more than just homes.
“We can provide affordable housing in this country,” he said.
“But we’ve got to wrap that affordable housing with the things that people want.”
As Australia’s housing affordability debate intensifies, the panellists agreed on one point: without a meaningful increase in housing supply, demand-side measures alone are unlikely to solve the nation’s property challenges.
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