Bardon Buyers Agent’s Guide

Currently researching the property market in Bardon? Your Property Hound is a local buyers Agent and has compiled the following suburb profile for your information. Best wishes with your Bardon property purchase!

Description

Bardon is a quiet, leafy suburb located 6km west of the Brisbane CBD. The suburb is immediately adjacent to Mount Cootha and is best known for its parks and green spaces.  Bardon is bordered by the suburbs of The Gap, Ashgrove, Toowong, and Auchenflower.

Demographics

The population of Bardon in 2016 was 9,491 and continues to grow. The vast majority of houses (72%) in Bardon are owner occupied.  Bardon is popular with established families.  The predominant demographic is people aged 40-49 years of age.

Restaurants and Cafes

Bardon’s main restaurant and café precinct is located on Macgregor Terrace.

Schools

The area has a number of excellent primary schools including Bardon State School, Ithaca Creek State School, and Rainworth State School.  Much of the suburb falls within the catchment for The Gap State High School which also has a great reputation.

Parks and Green spaces

There is a large array of parks, many of which are linked together by the Ithaca Creek bikeway.

Housing type

The vast majority (85%) of properties in Bardon are free standing houses.  This includes a mix of architectural styles including character Queenslanders, post-war cottages, and smaller numbers of contemporary houses.

What can my money buy in Bardon?

The median house price in Bardon is $1,005,000 which is well above Brisbane’s average.

The median house price in Bardon would typically buy a 4 bedroom, 2 bathroom house on a 400 to 500m2 block.

For example: 42 Accession Street Bardon which sold for $990,000 in November 2018. (click to view listing) and see photos below:

Buying a house in Bardon

The median unit price in Bardon is: $677,000

This amount would typically buy a  near new 3 bedroom 2 bathroom townhouse.

For example: 13/36 Carwoola Street Bardon which sold for $680,000 in (Nov 2018) –(click to view listing) and see photos below:

Buying a Townhouse in Bardon

How has the Bardon property market been performing?

In the last 5 years the median house price has increased by 37.2%. Over the last 10 years, house prices have increased by 3.1% per annum.

Units in Bardon have experienced similar price growth. In the last 5 years the median price of units has increased by 27.7%. On average, over the last 10 years unit prices have increased by 2.6% per annum.

Supply and demand characteristics for Bardon

  • Average Days on Market: Houses: 51 days.  Units:  100 days.
  • On average houses and units are both are selling at 2% below their list price
  • Bardon’s auction clearance rates are strong (41% for houses, and 100% for units.)
  • The average rental yield for houses is 3.15%, compared to 3.55% for units.
  • Rental vacancy rate for houses and units is balanced (3.2 %)

**Statistics are accurate for April 2019

Check out Bardon’s Community Facebook page (click here) for some additional information on the suburb.

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

For information about other Brisbane suburbs click here