SPRINGFIELD Lakes and Spring Mountain are on the cusp of joining Queensland’s growing list of million-dollar property markets, with new research predicting the booming Ipswich suburbs will soon cross the coveted seven-
figure median house price milestone.
The latest June 2026 Million Dollar Hotspots Report, compiled by Reventon and Hotspotting, has identified both suburbs among Greater Brisbane’s next million-dollar hotspots as southeast Queensland’s property market continues to defy higher interest rates and affordability pressures.
Spring Mountain’s median house price now sits at $995,000, placing it just shy of the milestone, while neighbouring Springfield Lakes has also been highlighted as one of the region’s strongest performers expected to join the million-dollar club.
The report found Queensland added 101 new million-dollar house and unit markets over the past year, taking the State’s total to 342, with Greater Brisbane now accounting for 140 of those suburbs.
Reventon CEO Chris Christofi said the continued rise in million-dollar markets demonstrated that strong buyer demand was outweighing broader economic challenges.
“These figures show that far from slowing down, the number of million-dollar markets continues to rise,” Mr Christofi said.
“Locations that have million-dollar medians have already proven to be desirable locations where buyers are prepared to pay top dollar to secure a property.”
Greater Brisbane’s median house price now sits at $1.236 million, joining Sydney and Adelaide as Australia’s million-dollar capital city markets.
Hotspotting founder Terry Ryder said the identified suburbs had demonstrated consistent price growth and remained attractive investment locations.
“They are the markets where price growth has been steady in recent years and where demand remains strong. With that trajectory set to continue, these markets will soon breach the million-dollar barrier,” Mr Ryder said.
Real Estate Buyers Agents Association of Australia Queensland representative Melinda Granzien said buyers had become more cautious throughout 2026 following consecutive interest rate rises, even as population growth and housing shortages continued to underpin the market.
“Conditions are shifting from a strong seller’s market towards a more balanced environment,” Ms Granzien said
