Everton Park Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Everton Park? As an Everton Park Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Everton Park property purchase!

Description

Everton Park is a gentrifying suburb located 10km north of the Brisbane CBD. The suburb has become known for its emerging café and dining precinct including the new Park Lane  development on Stafford Road. Everton Park is bordered by the suburbs of Mitchelton, Enoggera, Everton Hills, Stafford and McDowall.

Everton Park Map

Demographics

The population of Everton Park in 2016 was around 8,870 and continues to grow. 61% of households in Everton Park are owner occupied and consistent predominantly of professional childless couples (aged 20-29).

Shops, restaurants and entertainment

Everton Park’s main shopping and café precinct is located on the corner of South Pine Road and Stafford Road.

Transport

There are direct bus connections with the CBD. Everton Park is also within a short drive to a several train stations (Enoggera, Gaythorne, Mitchelton and Oxford Park).

Schools

The area is home to a number of private and public schools including Northside Christian College, Prince of Peace Lutheran College, Everton Park State School and Everton Park State High School.

Parks and Green spaces

Teralba Park is a large green space with playgrounds, sports fields, dog exercise area, cycle and walking paths.

Residents use the cycle path along Kedron Brook to commute to the CBD.

Major employers

Gallipolli Barracks located in the neighbouring Enoggera is a major employer in the area. Many residents commute to work in the CBD.

Most and least desirable areas

Traffic noise can be an issue for properties close to major thoroughfares including South Pine Road, Stafford Road and Old Northern Road. Buyers should check the Brisbane City Council Flood Maps, as some areas close to Kedron Brook are susceptible to flooding.

Housing type and typical block size

More than half (57%) of properties in Everton Park are free standing houses.

Most houses are post-war Queenslanders or double-storey brick homes built around 1970-1980s. A typical block size for this type of home is 600m2. Recent years have seen a number of older style homes (particularly on blocks larger than 800m2) demolished and blocks subdivided to make way for modern two-storey residences (usually on approximately 400m2).

What can my money buy in Everton Park?

The median house price in Everton Park is $600,000 which is slightly above Brisbane’s median.

The median house price in Everton Park would typically buy a 3 bedroom, 1 bathroom house on a 550m2 block.

For example: 21 Novak Street Everton Park – sold for $595,000 in June 2019 (click to view listing).

Buying a home in Everton Park

The median unit price in Everton Park is: $356,775.

This amount would typically buy a 2 bedroom, 2 bathroom, 1 garage unit in newer complex.

For example: 2/21 Ashmore Street Everton Park – sold for $350,000 in February 2019 (click to view listing).

Buying an investment property in Everton Park

How has the Everton Park property market been performing?

In the last 5 years the median house price has increased by 20%. Over the last 10 years, house prices have increased by 2.9% per annum.

Units in Everton Park have seen more modest price growth. In the last 5 years the median price of units has decreased by 9.6%. On average, over the last 10 years unit prices have increased by 0.3% per annum.

Supply and demand characteristics for Everton Park

  • Average Days on Market: Houses 53 days.  Units:  99 days.
  • On average houses are selling 4% below their list price. Units typically sell 3% below their list price.
  • Everton Park’s auction clearance rates are 60% for houses, and 0% for units.
  • The average rental yield for houses is 4.05%, compared to 5.39% for units.
  • There is a shortage of houses currently listed for sale (2.27%), (There is a large number of units currently listed for sale (22.93%)).
  • The rental vacancy rate for houses and units is 2.3%.

 

**Statistics are accurate for June 2019

Check out Everton Park’s Community Facebook page for some additional information on the suburb.

 

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

For information about other Brisbane suburbs click here