What is the most expensive suburb in Brisbane?

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Bring up the topic of ‘what’s the most expensive suburb in Brisbane’ at any backyard BBQ in the city and the conversation will no doubt go on for hours. What defines the most expensive suburb? Is it the cost of houses for sale or houses for rent in that suburb? Is it the median house price in Brisbane? Or is it the cost of living in that suburb?

Suburbs like Ascot and Clayfield, which have long been considered some of Brisbane’s best suburbs, could perhaps be considered the most expensive in Brisbane when you look at median house prices. But when it comes to cost of living is it actually more expensive to live in trendy suburbs like New Farm and West End? And how do outlying suburbs stack up in the affordability stakes?

So what IS the most expensive suburb in Brisbane? And, most importantly, is it worth it?

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