Mansfield Buyers Agent’s Guide
Are you looking to purchase a home or investment property in Mansfield? As a Mansfield Buyers Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Mansfield property purchase!
Mansfield is a family friendly suburb located 12km southeast of the Brisbane CBD. Mansfield is bordered by the suburbs of Carindale, Mount Gravatt East, Wishart and Mackenzie.
The population of Mansfield in 2016 was around 8.717 and continues to grow. 73% of households in Mansfield are owner occupied, and consistent predominantly of professional couples with children.
Shops, restaurants and entertainment
There are several major shopping centres located in adjacent suburbs including Westfield Garden City, Mount Gravatt Plaza and Westfield Carindale.
Several convenient bus services connect Mansfield with the Brisbane CBD, and bus interchange at Westfield Garden City.
The area is highly sort after because of its excellent school catchments. Mansfield State High School is one of Queensland’s best performing state schools. Mansfield is also in the catchment are for Mansfield State Primary School and Mount Gravatt East State School. There are also a number of private schools including Citipointe Christian College and Brisbane Adventist College.
Parks and Green spaces
There is an abundance of parks, sports grounds and green spaces adjoining Bulimba Creek.
Most and least desirable areas
The area east of Mansfield State High School is the most desirable, and most expensive, part of Mansfield.
Traffic noise can be an issue for properties close to major thoroughfares including the Gateway Motorway, Creek and Wecker roads.
There is a large industrial estate to north. East of this industrial site there is a large pocket of social housing.
Buyers should check the Brisbane City Council Flood Maps, as some areas (especially close to Bulimba Creek) are susceptible to flooding (see flood map below).
Housing type and typical block size
The vast majority (84%) of properties in Mansfield are free standing houses.
Post war homes pre-dominate, with a mix of timber/weatherboard and brick houses.
The typical block size for this type of home is 600m2.
What can my money buy in Mansfield?
The median house price in Mansfield is $683,000 which is above Brisbane’s median.
The median house price in Mansfield would typically buy a 4 bedroom, 1 bathroom house on a 600m2 block.
For example: 14 Buttercup Street Mansfield – sold for $680,000 in November 2019 (click to view listing and see images below)
The median unit price in Mansfield is: $425,000.
This amount would typically buy an older style 3 bedroom, 2 bathroom townhouse.
For example: 19/189 Wecker Road Mansfield sold for $425,000 in June 2019 (click to view listing and see images below).
How has the Mansfield property market been performing?
In the last 5 years the median house price has increased by 24.1%. Over the last 10 years, house prices have increased by 4.1% per annum.
Supply and demand characteristics for Mansfield
- Average Days on Market: Houses 35 days. Units: 42 days.
- On average houses are selling 3% above their list price. Units typically sell very close to their list price.
- Mansfield’s auction clearance rates are 66% for houses, and 0% for units.
- The average rental yield for houses is 3.76%, compared to 4.76% for units.
- There is an under-supply of both houses and units currently listed for sale (1.48% and 0.14% respectively).
- The rental vacancy rate for houses is 0.97%, compared to units 0.21%.
**Statistics are accurate for December 2019
Thinking about buying a property in Mansfield ? Our Mansfield Buyer’s Agent is more than happy to have a chat. Please contact us.
For information about other Brisbane suburbs click here.