Carina Heights Buyers Agent’s Guide

Are you looking to purchase a home or an investment property in Carina Heights? As a local buyer’s agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Carina Heights property purchase!

Description

Carina Heights is a quiet and leafy suburb located 8km South East of the Brisbane CBD. The suburb is best known for Whites Hill Reserve (located in the South Western corner of Carina Heights) and its close proximity to Westfield Carindale. Carina Heights is bordered by the suburbs of Carina, Coorparoo, Holland Park, Carindale and Mount Gravatt East.

Carina Heights Brisbane Map

Demographics

The population of Carina Heights in 2011 was around 6,106 and continues to grow. 55% of households in Carina Heights are owner occupied and consistent predominantly of couples with children.

Shops, restaurants and entertainment

Westfield Carindale located just east of Carina Heights is the largest shopping centre in the area. Smaller shops can be found on the corner of Creek Road and Pine Mountain Road as well as the corner of Boundary Road and Samuel Street.

Transport

Several convenient bus services connect Carina Heights with the Brisbane CBD. Busses also take residents to the Westfield Shopping Centre located in neighbouring Carindale.

Schools

There are no schools in Carina Heights, but the surrounding suburbs offer a variety of good education options including San Sisto College (Carina), St Martin’s Catholic Primary School (Carina) and Whites Hill State College.

Parks and Green spaces

Whites Hill Reserve accounts for almost a third of the suburb’s area including over 170 hectares of bushland, and a variety of walking tracks, barbecues, picnic spots, playgrounds and sporting fields. The Whites Hill Lookout provides views of the city.

Whatmore Street Park is a smaller park in the northern part of Carina Heights.

Major employers

Many residents commute to the Brisbane CBD for work. Major local employers include Westfield Shopping Centre, Griffith University (Mount Gravatt) and Greenslopes Private Hospital.

Most and least desirable areas

Most areas in Carina Heights are quiet and leafy.

Traffic noise can be an issue for properties close to the Carindale Shopping Centre, and around the main roads (Old Cleveland Road, Creek Road, Pine Mountain Road and Winstanley Street). Buyers should check the Brisbane City Council Flood Maps, as some areas are susceptible to flooding.

Housing type and typical block size

Just over half (51%) of properties in Carina Heights are free standing houses.

There is a wide variety of houses in the area, from workers cottages, to traditional Queenslanders, to post war weatherboard and brick and tile houses. The most common block size in Carina Heights is around 600m2.

What can my money buy in Carina Heights?

The median house price in Carina Heights is $680,000, which is above Brisbane’s median.

The median house price in Carina Heights would typically buy a 3 bedroom, 1 bathroom house on a 600m2 block. For example: 56 Chataway Street, Carina Heights – sold for $662,500 on 29 May 2017 (click to view listing)

Buying a home in Carina Heights

The median unit price in Carina Heights is: $451,000

This amount would typically buy a 3 bedroom, 2 bathroom, 1 garage unit in an older style complex but in a very good condition. For example: 7/16 Hill Crescent, Carina Heights – 470,000 on 11 August 2017 (click to view listing)

Buying an Investment Property in Carina Heights

How has the Carina Heights property market been performing?

In the last 5 years the median house price has increased by 46.2%. Over the last 10 years, house prices have increased by 5.8% per annum.

Units in Carina Heights have seen more modest price growth. In the last 5 years the median price of units has increased by 3.6%. On average, over the last 10 years unit prices have increased by 2.2% per annum.

Supply and demand characteristics for Carina Heights

  • Houses are typically selling within 41 days.  Units typically sell within 61 days.
  • On average houses are selling 5% below their list price. Units also typically sell 5% below their list price.
  •  Carina Heights’s auction clearance rates are 82% for houses, and 0% for units.
  • The average rental yield for houses is 3.45%, compared to 5.05% for units.
  • There is a shortage of houses currently listed for sale (1.19%), (There is a large number of units currently listed for sale (12.55%)).
  • The rental vacancy rate for houses and units is 3.0%.

**Statistics are accurate for October 2017

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

 

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

For information about other Brisbane suburbs click here