Greenslopes Buyers’ Agent’s Guide
Are you looking to purchase a home or investment property in Greenslopes? As a Greenslopes Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Greenslopes property purchase!
The population of Greenslopes in 2016 was around 8,939 and continues to grow. 40.8% of households in Greenslopes are owner occupied and consistent primarily of childless couples aged 20-29.
Shops, restaurants and entertainment
Greenslopes Mall on Logan Road is the area’s main shopping and café district.
Bus services connect Greenslopes with the Brisbane CBD via the South East Busway and Logan Rd. Depending on trafiic, travel times to the city are usually around 15-20minutes.
Greenslopes Private Hospital is a major local employer, and many rental properties in the area are tenanted by hospital staff.
Most and least desirable areas
Hilltop streets with city views (eg Henzell Terrace) command premium prices.
Traffic noise can be an issue for properties close to major thoroughfares including the Southeast Freeway, Logan, and Chatsworth roads. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially close to Norman Creek) are susceptible to flooding.
Housing type and typical block size
37% of properties in Greenslopes are free standing houses, including some stunning, timber character homes.
Units are common in the area, with a mix of 2-3 storey brick, walk-up complexes.
What can my money buy in Greenslopes?
The median house price in Greenslopes is $776,000 which is above Brisbane’s median.
The median house price in Greenslopes would typically buy a 4 bedroom, 1 bathroom house on a smaller-sized block. For example: 47 Dunellan Street Greenslopes – sold for $785,000 in January 2020. (click to view listing and see images below).
The median unit price in Greenslopes is: $339,000.
This amount would typically buy a 2 bedroom, 2 bathroom unit. For example: 30/38 Palmer Street Greenslopes – sold for $330,000 in January 2020. (click to view listing and see images below).
How has the Greenslopes property market been performing?
In the last 5 years the median house price has increased by 22.2%. Over the last 10 years, house prices have increased by 3.5% per annum.
The median price of units has decreased by 15.9% over the last 5years. Units are selling at similar levels today as they were 10years ago.
Supply and demand characteristics for Greenslopes
- Average Days on Market: Houses 51 days. Units: 78 days.
- On average houses are selling 4% below their list price. Units typically sell 7% below their list price.
- Greenslopes’s auction clearance rates are 58% for houses, and 0% for units.
- The average rental yield for houses is 3.4%, compared to 5.17% for units.
- There is a shortage of houses currently listed for sale (2.15%), There is a balanced number of units currently listed for sale (2.62%).
- The rental vacancy rate for houses is 1.9%, compared to units 1.3%.
**Statistics are accurate for April 2019
Thinking about buying a property in Greenslopes? Our Greenslopes Buyers’ Agent is more than happy to have a chat. Please contact us.
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