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 $1,217,500, which is well above Brisbane’s median.
The median house price in Hawthorne would typically buy a 4 bedroom, 3 bathroom executive style home on a 405m2 block. For example: 18 Dover Street, Hawthorne – sold for $1,225,000 on 1 April 2017 click here to view listing
The median unit price in Hawthorne is: $540,000
This amount would typically buy a 3 bedroom, 2 bathroom, 2 garage unit in an small new complex. For example: 9/18 Barton Road, Hawthorne – sold for $540,000 click here to view listing.
How has the Hawthorne 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 6.3% per annum.
Units in Hawthorne have seen more modest price growth. In the last 5 years the median price of units has increased by 21%. On average, over the last 10 years unit prices have increased by 5.3% per annum.
Supply and demand characteristics for Hawthorne
- Houses are typically selling within 74 days (Units typically sell within 54 days).
- On average houses and units are selling 5% below their list price.
- The auction clearance rate for houses is 56% (compared to 33% for units).
- The average rental yield for houses is 2.75% (compared to 3.8% for units).
- There is a shortage of houses currently listed for sale (2.64%), (There is a large number of units currently listed for sale (9.09%).
- The rental vacancy rate for houses and units is 4.5%.
**Statistics are accurate for July 2017
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.