Gordon Park Buyers’ Agent’s Guide
Are you looking to purchase a home or investment property in Gordon Park? As a Gordon Park Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Gordon Park property purchase!
Description
Gordon Park is Brisbane’s small suburb, and is located 6.8km north of the Brisbane CBD. Gordon Park is bordered by the suburbs of Grange, Stafford, Kedron, Kalinga, Wooloowin and Lutwyche.
Demographics
The population of Gordon Park in 2016 was around 4,233 and continues to grow. 55.6% of households in Gordon Park are owner occupied and consistent predominantly of professional couples (30-39 years old) with children.
Shops, restaurants and entertainment
Gordon Park’s main shopping and café precinct is located in Lutwyche Road, south of Bradshaw Street.
Transport
Gordon Park is conveniently located on the Northern Busway which provides easy connection with the Brisbane CBD via the Herston Health Precinct.
Schools
The area is home to a number of great private and public schools including Padua College, Clayfield College, St Margaret’s Anglican Girls School, Wooloowin State School, and Kedron State High School.
Parks and Green spaces
Gordon Park is located on the beautiful Kedron Brook with designated walking and cycling paths and shady parks. One of Brisbane’s most popular off-leash dog parks is located on Kedron Brook as well.
Major employers
Most residents commute to the Brisbane CBD for work. Herston Health Precinct and Chermside Shopping Centre are other large employers in the area.
Most and least desirable areas
Traffic noise can be an issue for properties close to major thoroughfares including Stafford Road and Lutwyche Road.
Buyers should check the Brisbane City Council Flood Maps, as some areas (especially close to Kedron Brook) are susceptible to flooding.
Housing type and typical block size
Half (51%) of properties in Gordon Park are free standing houses.
The suburb is particularly well known for its Queenslander style houses. These timber character homes were built in the late 1800s to early 1900s, and are characterised by gabled roofs, decorative timber features, VJ internal walls and beautiful timber floorboards. A typical block size for this type of home is 600m2.
Post-war houses also occur in the area. Many of the post war homes have been removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks (400m2).
What can my money buy in Gordon Park?
The median house price in Gordon Park is $846,000 which is well above Brisbane’s median.
The median house price in Gordon Park would typically buy a 4 bedroom, 2 bathroom house on a 600m2 block. For example: 51 Jack Street Gordon Park – sold for $885,000 in November 2019 (click to view listing and see images below).
The median unit price in Gordon Park is: $336,000.
This amount would typically buy a 2 bedroom, 1 bathroom unit in a 1990s-built complex. For example: 7/94 Haig Street Gordon Park – sold for $352,500 in March 2020 (click to view listing and see images below).
How has the Gordon Park property market been performing?
In the last 5 years the median house price has increased by 13.3%. Over the last 10 years, house prices have increased by 4% per annum.
In the last 5 years the median price of units in Gordon Park has decreased by 15%. On average, over the last 10 years unit prices have decreased by 0.4% per annum.
Supply and demand characteristics for Gordon Park
- Average Days on Market: Houses 32 days. Units: 97 days.
- On average houses are selling 5% below their list price. Units typically sell 5% below their list price.
- Gordon Park’s auction clearance rates are 55% for houses, and 0% for units.
- The average rental yield for houses is 3.27%, compared to 5.59% for units.
- There is a shortage of houses (1.19%) and units (1.11%) currently listed for sale.
- The rental vacancy rate for houses is 0.63%, compared to units 1.34%.
**Statistics are accurate for April 2020
Thinking about buying a property in Gordon Park? Our Gordon Park Buyers’ Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.
