Hawthorne – Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Hawthorne? As a Hawthorne Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Hawthorne property purchase!
Hawthorne is an upscale, riverside suburb located 3km South East of the Brisbane CBD. The suburb is best known for its village charm, old cinemas, art galleries, bookshops and beautifully renovated Queenslander houses. Hawthorne is bordered by the suburbs of Bulimba, Balmoral, Morningside, Seven Hills and Norman Park.
The population of Hawthorne in 2011 was around 4,700 and continues to grow. 57% of households in Hawthorne are owner occupied and consistent predominantly of professional couples with children.
Shops, restaurants and entertainment
Hawthorne’s main shopping and café precinct is located around Hawthorne Road and Oxford Street in the neighbouring Bulimba.
There is a CityCat ferry terminal in Hawthorne providing easy access to New Farm and the CBD. The closest train station is located in Morningside (approximately 2 km away).
The area is home to a number of great private and public schools including Lourdes Hill College, Norman Park State School, Balmoral State High School
Parks and Green spaces
Hawthorne Park and Hardcastle Park on the Brisbane River are popular weekend picnic spots.
Most residents commute to the Brisbane CBD for work.
Most and least desirable areas
Hawthorne holds a record for the most expensive Brisbane River residential sale at $14m paid for a property in Aaron Avenue in 2014. The most prestigious properties are located along the Brisbane River in the serene Hawthorne Avenues.
Due to the suburb’s location on the Brisbane River, many parts of Hawthorne are prone to flooding. Buyers are advised to refer to the Brisbane City Council flood awareness map to check which areas are at risk.
Housing type and typical block size
The suburb is known for grand riverfront properties and renovated Queenslander houses.
The majority (65%) of properties in Hawthorne are free standing houses. A typical block size is 405sqm, but there are a number of much larger blocks located on the river.
What can my money buy in Hawthorne?
The median house price in Hawthorne is $1,570,000 which is well above Brisbane’s median.
The median house price in Hawthorne would typically buy 5 bedrooms, 3 bathrooms house on a 405 m2 block.
For example: 4 Uhlmann Street Hawthorne, QLD, 4171 – sold for $1,700,000 in December 2021 (click to view listing and see images below).
The median unit price in Hawthorne is: $520,000.
This amount would typically buy 2 bedrooms, 1 bathroom, 1 garage unit in a trendy style complex but in a very good condition.
For example: 5/58 Philip Street Hawthorne, QLD, 4171 sold for $511,000 in November 2021 (click to view listing and see images below).
How has the Hawthorne property market been performing?
In the last 5 years the median house price has increased by 40.1%. Over the last 10 years, house prices have increased by 7.1% per annum.
Units in Hawthorne have not performed as well. Unit prices have fallen by 7.9% in the last 5 years. On average, over the last 10 years unit prices have increased by 1.9% per annum.
Supply and demand characteristics for Hawthorne
- Average Days on Market: Houses 94 days. Units: 116 days.
- On average houses are selling 6% above their list price.
- Hawthorne’s auction clearance rates are 56% for houses, and 0% for units.
- The average rental yield for houses is 2.55%, compared to 3.8% for units.
- Supply is short for both houses and units. (Stock on market 2.17% for houses and 1.16% for units.)
- The rental vacancy rate for houses is 1.4%, compared to units 1%.
**Statistics are accurate for Dec 2021
Thinking about buying a property in Hawthorne? Our Hawthorne Buyer’s Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.