Gaythorne Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Gaythorne? As a Gaythorne Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Gaythorne property purchase!
Description
Gaythorne is a middle ring suburb located 8.1km north of the Brisbane CBD. Gaythorne is bordered by the suburbs of Everton Park, Enoggera, Mitchelton and Alderley.
Demographics
The population of Gaythorne in 2016 was around 3,036 and continues to grow. 39.2% of households in Gaythorne are owner occupied and consistent predominantly of young couples in the 20-29 age group.
Shops, restaurants and entertainment
Brookside Shopping Centre (in nearby Mitchelton) is the nearest major shopping centre.
Transport
The Ferny Grove train line passes through the suburb and has a station in Gaythorne providing easy access to the CBD.
Schools
Gaythorne falls into the catchments for Enoggera State School and Mitchelton State High School. Nearby private schools include Hillbrook Anglican School and Mt. Maria College.
Parks and Green spaces
Gaythorne is bordered on the north by Kedron Brook which includes bikeways, parklands, playgrounds and picnic spots.
Major employers
Gallipoli Barracks is a major military base on the southern boundary of Gaythorne which employs more than 5,000 people and supports a strong rental market in the adjacent suburbs.
Most and least desirable areas
Quieter pockets and areas close to Kedron Brook are the most desirable, though some of these areas may be susceptible to flooding (see flood map below).
Noise can be an issue for properties close to the train line and major thoroughfares including Samford Rd, and Pickering St.
Housing type and typical block size
The majority (57%) of dwellings are units and townhouses. These are particularly common close to major rail and road infrastructure.
Free standing houses include a mix of Queenslander and post-war style homes on 400-600m2 blocks.
What can my money buy in Gaythorne?
The median house price in Gaythorne is $855,000 which is close to Brisbane’s median.
The median house price in Gaythorne would typically buy a 3-bedroom, 1-bathroom house on a 419 m2 block. For example: 94 Mott Street Gaythorne, QLD, 4051 – sold for $855,000 in September 2021 (click to view listing and see images below).
The median unit price in Gaythorne is: $445,500.
This amount would typically buy a 2-bedroom, 1-bathroom unit in an older style complex. For example: 3/34 Lade Street Gaythorne, QLD, 4051 – sold for $435,000 in April 2022 (click to view listing and see images below)
How has the Gaythorne property market been performing?
In the last 5 years the median house price has increased by 17.1%. Over the last 10 years, house prices have increased by 4.8% per annum.
Units in Gaythorne have seen more modest price growth. In the last 5 years the median price of units has increased by 4.8%. On average, over the last 10 years unit prices have increased by 0.5% per annum.
Supply and demand characteristics for Gaythorne
- Average Days on Market: Houses 18 days. Units: 50 days.
- On average houses are selling 7% above their list price. Units typically sell 3% above their list price.
- The average rental yield for houses is 3.17%, compared to 4.83% for units.
- There is a shortage of houses and units currently listed for sale (1.19% and 1.74% respectively).
- The rental vacancy rate for houses is 1.49%, compared to units 1.28%.
**Statistics are accurate for June 2022
Thinking about buying a property in Gaythorne? Our Gaythorne Buyers’ Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.
