Tap and drag the slider to reveal the before and after images of Milton restaurant, Andavanth.



“By the start of 2014, the market here had picked up dramatically and there had been a substantial rise in the market.

“The town has recovered so well and now it’s booming.”

Ray White Bundamba principal Luke Buckel said while the market in Brisbane’s western suburbs had “regained consciousness”, buyers in Ipswich were still uncomfortable with the “f” word.

This was particularly the case in suburbs which experienced rapid water rises, including North Booval, East and North Ipswich, Basin Pocket, Tivoli and Moores Pocket.

“Floods are a natural disaster that could happen any day of the week and most areas recover well and go back to normal pricing,” Mr Buckel said.

“But we’ve been financially penalised.

“Price still dictates the recovery process and with so much to choose from here, a $40,000 (price difference) gives people the right to be cautious.

“Flooded homes lost anywhere between 15-20 per cent but the real losers were the good quality four- and five-bedders.

“Insurance has also priced the market accordingly.”

In Brisbane’s inner city suburbs such as New Farm, water coming back through drains was the culprit of flooding rather than the city’s river breaking its banks.

However, Ray White New Farm sales agent Josh Brown said people were confident that work was being done to mitigate future flooding.

How Brisbane's property market has fared since the 2011 floods Five years on from the devastating floods, some of Brisbane's most affected residential areas are now blossoming.

“The likelihood of flooding the way it did in New Farm is less,” he said.

“Plus history shows people do forget.”

Ms Mercorella said people looking at homes in flood-affected areas should assess their capacity for coping with disaster and check Brisbane City Council’s flood overlay maps.

“Judge for yourself how you would cope and make a decision based on that,” she said.

“But there is no way to predict with 100 per cent certainty whether your property will flood or not.

“The Brisbane City Council has very good flood overlays and you can see easily and quickly whether the property you are considering is in the flood zone.

“See if your property is in an area that has flooded in the past 100 years and use that as a guide to gauge flood risk to your property.

“However, the flood overlay map is not a predictor of future events, only a record of past events.”