Fig Tree Pocket Buyers’ Agent’s Guide
Are you looking to purchase a home or investment property in Fig Tree Pocket? As a Fig Tree Pocket Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Fig Tree Pocket property purchase!
Fig Tree Pocket is an affluent, leafy riverside suburb located 12km south west of the Brisbane CBD. The suburb is home to the popular Lone Pine Koala Sanctuary. Fig Tree Pocket is bordered by the suburbs of Kenmore, Chapel Hill and Indooroopilly.
The population of Fig Tree Pocket in 2016 was around 4,036 and continues to grow. 86.4% of households in Fig Tree Pocket are owner occupied and consistent predominantly of professional couples with children.
Shops, restaurants and entertainment
One of the many reasons Fig Tree Pocket is so popular with affluent families is that there are no shops within the suburb itself. Supermarkets and large shopping centres are only a short drive away in the neighbouring Kenmore and Indooroopilly.
The closest train station is Indooroopilly, but there are two bus routes servicing the suburb.
Parks and Green spaces
The abundance of parks, sports grounds and green spaces is another major drawcard of Fig Tree Pocket. As soon as you exit the Centenary Motorway, you drive through shady, tree-lined streets and open green fields with river glimpses. It is truly hard to believe that the busy Brisbane CBD is only 12 kilometres away.
The Fig Tree Pocket Equestrian Club is a beautiful 40-acre riverfront facility hosting several events throughout the year.
Biami Yumba Park in the Southern part of the suburb is popular for Sunday picnics and birthday parties.
Locals enjoy strolling along the river around the southern tip of Fig Tree Pocket.
Due to the semi-rural character of the suburb, residents often commute to work in the Brisbane CBD or adjacent suburbs. Access to the Centenary Motorway is very easy. For anyone commuting to the North-Eastern part of the city (or the airport), Legacy Tunnel is the most convenient and quickest way to get around.
Most and least desirable areas
An area east of Jesmond Road is the most exclusive and desirable part of Fig Tree Pocket. This is where multimillion dollar, immaculately landscaped riverfront properties are located.
Traffic noise can be an issue for properties close to Centenary Highway in the north west.
Fig Tree Pocket was significantly affected by the 2011 floods. Areas that are particularly susceptible to flooding include streets south of the Brisbane Montessori School. Buyers should check the Brisbane City Council Flood Maps.
Housing type and typical block size
The vast majority (89%) of properties in Fig Tree Pocket are free standing houses.
The suburb is particularly well known for its acreage riverfront properties. A typical block size in Fig Tree Pocket is over 1,000m2.
What can my money buy in Fig Tree Pocket?
The median house price in Fig Tree Pocket is $1,187,000 which is well above Brisbane’s median.
The median house price in Fig Tree Pocket would typically buy a 4 bedroom, 2 bathroom house with a pool on a 1,000m2 block. For example: 6 Ballard Place, Fig Tree Pocket – sold for $1,175,000 in November 2019 (click to view listing and see images below).
How has the Fig Tree Pocket property market been performing?
In the last 5 years the median house price has increased by 35.2%. Over the last 10 years, house prices have increased by 4.3% per annum.
Supply and demand characteristics for Fig Tree Pocket
- Average Days on Market: Houses 79 days.
- On average houses are selling 7% below their list price.
- Fig Tree Pocket’s auction clearance rates are 0% for houses.
- The average rental yield for houses is 3.26%.
- There is a shortage of houses currently listed for sale (1.95%).
- The rental vacancy rate for houses is 1.05%.
**Statistics are accurate for April 2019
Thinking about buying a property in Fig Tree Pocket? Our Fig Tree Pocket Buyers’ Agent is more than happy to have a chat. Please contact us.
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