Indooroopilly Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Indooroopilly? As an Indooroopilly Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Indooroopilly property purchase!
The population of Indooroopilly in 2016 was around 12,235 and continues to grow. 51% of households in Indooroopilly are owner occupied and consistent predominantly of professional couples with children. The suburb is also very popular with students given its close proximity to the University of Queensland.
Shops, restaurants and entertainment
Indooroopilly Shopping Centre is one of the largest shopping precincts in Brisbane. Between the shopping centre and train station is a mix of retail, commercial and entertainment venues.
Indooroopilly is well-connected to the city by public transport with a large bus interchange at the shopping centre and a train station located nearby.
Most and least desirable areas
Riverside homes and those around St Peters Lutheran College are the most desirable, and most expensive, parts of Indooroopilly.
Traffic noise can be an issue for properties close to major thoroughfares including Moggill Rd and the Western Freeway. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially around Jerrang St) are susceptible to flooding (see flood map below).
Housing type and typical block size
There are a large number of apartment complexes located close to Indooroopilly shopping centre that account for the majority (58%) of properties in area.
Free standing houses are a mix of character, post-war and contemporary homes. Block sizes are typically around 600m2 with larger blocks located close to the river and golf course.
What can my money buy in Indooroopilly?
The median house price in Indooroopilly is $930,000 which is well above Brisbane’s median.
The median house price in Indooroopilly would typically buy an unrenovated 5 bedroom, 3 bathroom house on a 617m2 block.
For example: 48 Blackstone Street Indooroopilly – sold for $920,000 in November 2019 (click to view listing and see images below).
The median unit price in Indooroopilly is: $448,000.
This amount would typically buy a 2 bedroom, 2 bathroom in a high-rise complex.
For example: 47/27 Station Road Indooroopilly sold for $431,000 in November 2019 (click to view listing and see images below).
How has the Indooroopilly property market been performing?
In the last 5 years the median house price has increased by 31.9%. Over the last 10 years, house prices have increased by 3.7% per annum.
Units in Indooroopilly have seen a significant decline in price over the last 5 years (-7.5%). On average, over the last 10 years unit prices have increased by only 0.5% per annum.
Supply and demand characteristics for Indooroopilly
- Average Days on Market: Houses 75 days. Units: 85 days.
- On average houses are selling 3% above their list price. Units typically sell 3% below their list price.
- Indooroopilly’s auction clearance rates are 52% for houses, and 20% for units.
- The average rental yield for houses is 3.09%, compared to 5.07% for units.
- There is a shortage of houses and units currently listed for sale (1.91% and 1.97% respectively).
- The rental vacancy rate for houses is 3.82%, compared to units 2.06%.
**Statistics are accurate for December 2019
Thinking about buying a property in Indooroopilly ? Our Indooroopilly Buyer’s Agent is more than happy to have a chat. Please contact us.
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