Suburb Profile

Gordon Park Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Gordon Park? As a Gordon ParkBuyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Gordon Parkproperty purchase!

Gordon Park Suburb Profile

Gordon Parkis Brisbane’s small suburb, and is located 6.8km north of the Brisbane CBD. Gordon Parkis bordered by the suburbs of Grange, Stafford, Kedron, Kalinga, Wooloowin and Lutwyche.

The population of Gordon Parkin 2016 was around 4,233 and continues to grow. 55.6% of households in Gordon Parkare owner occupied and consistent predominantly of professional couples (30-39 years old) with children.

Gordon Park’s main shopping and cafe precinct is located in Lutwyche Road, south of Bradshaw Street.

Gordon Park is conveniently located on the Northern Busway which provides easy connection with the Brisbane CBD via the Herston Health Precinct.

The area is home to a number of great private and public schools including Padua College, Clayfield College, St Margaret’s Anglican Girls School, Wooloowin State School, and Kedron State High School.

Gordon Park is located on the beautiful Kedron Brook with designated walking and cycling paths and shady parks. One of Brisbane’s most popular off-leash dog parks is located on Kedron Brook as well.

Most residents commute to the Brisbane CBD for work. Herston Health Precinct and Chermside Shopping Centre are other large employers in the area.

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Gordon Park Properties

Traffic noise can be an issue for properties close to major thoroughfares including Stafford Road and Lutwyche Road.

Buyers should check the Brisbane City Council Flood Maps, as some areas (especially close to Kedron Brook) are susceptible to flooding.

Gordon Park Flood Map

Housing type and typical block size

Half (51%) of properties in Gordon Parkare free standing houses.

The suburb is particularly well known for its Queenslander style houses. These timber character homes were built in the late 1800s to early 1900s, and are characterised by gabled roofs, decorative timber features, VJ internal walls and beautiful timber floorboards. A typical block size for this type of home is 600m2.

Post-war houses also occur in the area. Many of the post war homes have been removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks (400m2).

What can my money buy in Gordon Park?

Gordon Park House Prices

The median house price in Gordon Park is $846,000 which is well above Brisbane’s median.

The median house price in Gordon Parkwould typically buy a 4 bedroom, 2 bathroom house on a 600m2 block. For example: 51 Jack Street Gordon Park – sold for $885,000 in November 2019 (click to view listing and see images below).

Buying a house in Gordon Park

Gordon Park Unit Prices

The median unit price in Gordon Park is: $336,000.

This amount would typically buy a 2 bedroom, 1 bathroom unit in a 1990s-built complex. For example: 7/94 Haig Street Gordon Park – sold for $352,500 in March 2020 (click to view listing and see images below).

Buying an Investment property in Gordon Park

How has the Gordon Park property market been performing?

In the last 5 years the median house price has increased by 13.3%. Over the last 10 years, house prices have increased by 4% per annum.

In the last 5 years the median price of units in Gordon Parkhas decreased by 15%. On average, over the last 10 years unit prices have decreased by 0.4% per annum.

Supply and demand characteristics for Gordon Park

  • Average Days on Market: Houses 32 days. Units: 97 days.
  • On average houses are selling 5% below their list price. Units typically sell 5% below their list price.
  • Gordon Park’s auction clearance rates are 55% for houses, and 0% for units.
  • The average rental yield for houses is 3.27%, compared to 5.59% for units.
  • There is a shortage of houses (1.19%) and units (1.11%) currently listed for sale.
  • The rental vacancy rate for houses is 0.63%, compared to units 1.34%.

**Statistics are accurate for April 2020

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