Indooroopilly 2019 | Property Market Trends
With beautiful tree lined streets, generous family homes and an abundance of green space, Indooroopilly has built a reputation as one of Brisbane’s most liveable suburbs.
The area is known for its close proximity to many of Brisbane’s most esteemed schools, including the handful of streets which make up the exclusive “Golden Triangle”.
St Peter’s Lutheran College, Indooroopilly State High School, Ironside Primary School and Holy Family Catholic School are among some of the most highly sought-after schools in our inner-western suburbs. Local amenities only strengthen the family-friendly neighbourhood, which boasts a multitude of parks, sporting facilities, local shops, cafés and transport options for residents.
In 2019, we are continuing to see that school catchment zones are playing a major role in buyers purchasing Indooroopilly real estate. Buyers are seeking space for their families to grow and value leafy, kid-friendly neighbourhoods. Indooroopilly certainly ticks the boxes as a family-oriented, inner-city suburb and we have experienced increased demand for property in this area.
Throughout 2018, property prices in Indooroopilly real estate peaked between March and April, where the median sale price for a house reached $981,500. This was quite a substantial spike in values, considering property prices had remained fairly flat since 2016.
After the hand down from the Royal Commission in Banking, we have seen property values in Indooroopilly real estate come back slightly in the latter half of 2018. As of December, the median sale price for a house is $870,000 which is slightly above the property market trends we experienced in late 2017.
Apartments in Indooroopilly were not quite as affected by the regulatory changes and that’s largely due to first home buyers picking up the slack at the lower end of the market. With stricter lending forcing many investors to keep out of the market, first home buyers have finally had a chance to get their foot into the Indooroopilly real estate market.
Although property values in Indooroopilly have softened slightly, we believe this will be short lived. There has already been evidence of growth in the area and we believe the market will return to more stable levels throughout 2019.
In addition to being a highly sought-after suburb for families, Indooroopilly has also just been named as Brisbane’s healthiest suburb. In a study conducted by Domain.com.au, they evaluated each suburb’s walkability, open space, active transport to work and access to fresh food/supermarkets.
Domain announced that Indooroopilly was the clear winner of Brisbane’s healthiest suburbs, receiving the highest weighted average of all suburbs and excelling in almost every category. With these factors continuing to drive strong demand for Indooroopilly real estate, the area is likely to experience positive market conditions and growth in values over the coming years.
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Statistics sourced from CoreLogic and Domain.com.au