Suburb Profile

Greenslopes Buyers Agent’s Guide

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

Greenslopes Suburb Profile

Greenslopes is located 6km southeast of the Brisbane CBD. Greenslopes is bordered by the suburbs of Coorparoo, Holland Park, Holland Park West, Tarragindi, Annerley and Stones Corner.

The population of Greenslopes in 2016 was around 8,939 and continues to grow. 40.8% of households in Greenslopes are owner occupied and consistent primarily of childless couples aged 20-29.

Greenslopes Mall on Logan Road is the area’s main shopping and cafe district.

Bus services connect Greenslopes with the Brisbane CBD via the South East Busway and Logan Rd. Depending on trafiic, travel times to the city are usually around 15-20minutes.

The area is home to a number of excellent public schools including Greenslopes State School, Cavendish Road State High School.

There are no major parks in the area.

Greenslopes Private Hospital is a major local employer, and many rental properties in the area are tenanted by hospital staff.

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Greenslopes Properties

Hilltop streets with city views (eg Henzell Terrace) command premium prices.

Traffic noise can be an issue for properties close to major thoroughfares including the Southeast Freeway, Logan, and Chatsworth roads. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially close to Norman Creek) are susceptible to flooding.

Housing type and typical block size

37% of properties in Greenslopes are free standing houses, including some stunning, timber character homes.

Units are common in the area, with a mix of 2-3 storey brick, walk-up complexes.

What can my money buy in Greenslopes?

Greenslopes House Prices

The median house price in Greenslopes is $947,500 which is above Brisbane’s median.

The median house price in Greenslopes would typically buy a 4-bedroom, 2-bathroom house on a 465m2 block. For example: 20 Tiny Street Greenslopes Qld 4120 – sold for $945,000 in 24 Feb 2021 (click to view listing and see images below).

Buying a house in Greenslopes

Greenslopes Unit Prices

The median unit price in Greenslopes is: $415,000.

This amount would typically buy a 2-bedroom, 1-bathroom, 1-garage unit in an older style complex. For example: 1/23 Earl Street, Greenslopes, Qld 4120 – $405,000 in 2 Nov 2021 (click to view listing and see images below)

Buying an Investment property in Greenslopes

How has the Greenslopes property market been performing?

In the last 5 years the median house price has increased by 25.4%. Over the last 10 years, house prices have increased by 5.3% per annum.

Units in Greenslopes have seen more modest price growth. In the last 5 years the median price of units have fallen by 11.2%. On average, over the last 10 years unit prices have increased by 1.4% per annum.

Supply and demand characteristics for Greenslopes

  • Average Days on Market: Houses 48 days. Units: 44 days.
  • On average houses are selling 5% above their list price. Units typically sell 3% above their list price.
  • Greenslopes’s auction clearance rates are 70% for houses.
  • The average rental yield for houses is 2.9%, compared to 4.65% for units.
  • There is a shortage of houses and units currently listed for sale (0.98% and 1.72% respectively).
  • The rental vacancy rate for houses is 2.7%, compared to units 1.3%.

**Statistics are accurate for December 2021

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