Indooroopilly Insights | July 2018
The largest of our inner-western suburbs, Indooroopilly is an increasingly popular area, with 59 houses sold so far this year. Families and professionals are predominately drawn to the suburb, which offers a variety of housing within easy reach of the CBD.
The median sale price has climbed to $1,005,000 this year, up from $816,000 at the same time last year. Boasting some of the best schools in Brisbane and with school catchment areas becoming a bigger consideration for buyers, it’s little wonder that demand is on the rise.
Generous blocks of land are common throughout Indooroopilly, with many 700sqm+ lots nestled in leafy surrounds. Larger blocks allow for more substantial homes to be built, often with five or more bedrooms spanning across two storeys.
On the flip side, another trend we are seeing throughout Indooroopilly has been the development of several small lot homes. These properties are usually beautifully presented, upmarket townhouses which have been targeted towards downsizers. They provide a low maintenance alternative to the family home whilst still offering the internal space required and without the expense of body corporate levies.
Despite the pint-sized parcels of land which are often less than 300sqm, these small lot homes are recording sales anywhere from $680,000 to just over $1 million. 54 Keating Street which sits on 114sqm of land achieved $740,000 earlier this year, whilst a similar property at 32 Foxton Street sold for $825,000.
Indooroopilly’s appeal attracts a wide variety of home owners and investors alike. Elevated streets at the foot of Mt Coot-tha enjoy a peaceful, tree top setting, while premiere homes to the south-east are bordered by the Indooroopilly Golf Course and Brisbane River. Two notable homes along the riverfront have recorded in the top sales to date, for 2018, with 10 Twigg Street selling for $2.35M and 15 Ivy Street achieving $3.475M.
Interested to find out more about the Indooroopilly property market?
Our end of financial year Local Market Report has just been released and highlights some of the core trends we are seeing throughout the Toowong, Taringa, Indooroopilly and St Lucia property markets.
Request your copy today and make a confident decision when it comes to your property.