Chapel Hill Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Chapel Hill? As an Chapel Hill Buyers Agent we’d be happy to help! Check out our suburb profile below and good luck with your Chapel Hill property purchase.

Description

Chapel Hill is a leafy, family-friendly suburb of Brisbane. It is located 10km south west of the CBD in the foothills of Mt Cootha.  Chapel Hill is bordered by the suburbs of Indooroopilly to the east, and Kenmore, Kenmore Hills and Brookfield to the west.

Chapel Hill Map

Chapel Hill is known for its undulating landscape, its elevated treed outlooks and larger block sizes.

Demographics

The population of Chapel Hill in 2016 was 10,106 and remains stable. The vast majority (82.8%) of households in Chapel Hill are owner occupied.  Chapel Hill has a predominantly family demographic with most adult residents aged between 40-49.

Shops, restaurants and entertainment

Chapel Hill’s main shopping areas are on Moggill Road at Kenmore, and at nearby Indooroopilly.

Transport

It is a short drive to the nearest train station (Indooroopilly). There are several bus services to the city via Moggill Rd.  The Legacy Way Tunnel has significantly improved access to Brisbane airport and Gold Coast.

Schools

Public Schools in the area are considered excellent. Chapel Hill State School, Kenmore State School, Kenmore State High School and Indooroopilly State High School all have very good reputations.

Parks and Green spaces

Chapel Hill has great access to parks and walking trails around Mount Cootha. These trails are popular for mountain bike riding and hiking.

The centenary bikeway is also popular with locals to commute to the city.

Housing type and typical block size

The vast majority (93%) of properties in Chapel Hill are free standing houses on good-sized blocks.  (The median sized block is 736m2). Most were constructed between 1960 and 1980, and include some great examples of mid-century architecture.

There are a number of townhouse complexes throughout the suburb. To date there have been no major unit developments in Chapel Hill.

What can my money buy in Chapel Hill?

The median house price in Chapel Hill is $840,000.

The median house price in Chapel Hill would typically buy a 4 bedroom,  2 bathroom house on a large sized block. For example: 75 Ironbark Road Chapel Hill, QLD, 4069  – sold $845,000 (Dec 2018) (click to view listing)

Buying a house in Chapel Hill

The median price for a townhouse in Chapel Hill is: $522,000

This amount would typically buy a 3 bedroom, 2 bathroom, 1 garage townhouse in an older style complex.  For example: 30/43 Moordale Street Chapel Hill, QLD, 4069 – $522,550 (Sept 2018) (click to view listing)

Buying a townhouse in Chapel Hill

How has the Chapel Hill property market been performing?

House prices have increased by 34.9% over the last 5 years, and by 3.3% per annum for last 10 years.

Statistics for townhouses are unreliable given the low sales volumes in the area.

Supply and demand characteristics for Chapel Hill

  • Average Days on Market: 51 days (houses).
  • Chapel Hill’s auction clearance rates are strong at 75% for houses.
  • Average rental yield is 3.75% (houses).
  • There is a shortage of houses currently listed for sale (1.27%).
  • There are a large number of houses currently listed for rent (7.1%).

**Statistics are accurate for February 2019

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

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