Bray Park Buyer’s Agent’s Guide

Description

Bray Park is a family friendly suburb located 22km north of the Brisbane CBD in the Moreton Bay City Council area. Bray Park is bordered by the suburbs of Strathpine, Lawnton, Warner, Petrie and Joyner.

Bray Park Map

 

Demographics

The population of Bray Park in 2016 was around 10,226 and continues to grow. 70.6% of households in Bray Park are owner occupied and consistent predominantly of couples with children.

Shops, restaurants and entertainment

Bray Park’s main shopping and café precinct is located on the corner of Kensington Way and Sovereign Avenue. Other larger shopping centres and cafes are within a short drive in Warner and Strathpine (Westfield Shopping Centre).

Transport

Bray Park is located on a train line providing direct access to Brisbane CBD in just over 30 minutes.

Schools

The area is home to a number of great private and public schools including Genesis Christian College, Holly Spirit School, Bray Park State School and Bray Park State High School

Parks and Green spaces

Bray Park is a leafy suburb.  Main walking paths are located along Four Mile Creek. The Les Hughes Sports Complex attracts many families for afternoon and weekend sports activities.

Major employers

Brendale industrial estate provides employment for many residents in the area. A large percentage of Bray Park residents work as tradesman and commute to work sites around Greater Brisbane.

Housing type and typical block size

The vast majority (96%) of properties in Bray Park are free standing houses, predominantly brick and built around the 1980s. Houses located West of the Les Hughes Sporting Complex were built more recently, in the early 2000s. The typical block size in Bray Park is around 600m2.

What can my money buy in Bray Park?

The median house price in Bray Park is $510,000 which is well above Brisbane’s median.

The median house price in Bray Park would typically buy a 3-bedroom, 1-bathroom house on a 674m2 block. For example: 28 Evergreen Avenue Bray Park Qld 4500 – sold $512,000 in 12 Aug 2021 (click to view listing and see images below).

Buying a house in Bray Park

The median unit price in Bray Park is: $336,500.

This amount would typically buy a 3-bedroom, 2-bathroom, 1-garage townhouse in a boutique complex but in a very good condition. For example: 11/81 Casuarina Drive North, Bray Park, Qld 4500 – sold for $330,000 in 12 Jul 2021 (click to view listing and see images below)

Buying an Investment property in Bray Park

How has the Bray Park property market been performing?

In the last 5 years the median house price has increased by 27.5%. Over the last 10 years, house prices have increased by 3.6% per annum.

Supply and demand characteristics for Bray Park

  • Average Days on Market: Houses 20 days.
  • On average houses are selling 4% above their list price.
  • The average rental yield for houses is 4.4%.
  • There is a shortage of houses currently listed for sale (1.18%)
  • The rental vacancy rate for houses is 0.6%.

**Statistics are accurate for December 2021

Thinking about buying a property in Bray Park? Our Bray Park Buyer’s Agent is more than happy to have a chat. Please contact us.

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