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Indooroopilly 2020 | Property Market Trends

Indooroopilly 2020 | Property Market Trends

Indooroopilly is a beautiful leafy suburb with treelined streets and an abundance of green space.

Many buyers are drawn to the area because the homes here are on larger blocks of land and tucked into a peaceful bend of the Brisbane river. The parks, golf course and riverfront in Indooroopilly allows residents to feel as if they are miles from everything, yet still within easy reach of Brisbane’s buzzing city lifestyle.

Local Market Report - Toowong, Taringa, Indooroopilly, St Lucia

Not only is Indooroopilly an excellent place to live but residents enjoy a great work/life balance in this sought-after suburb. The schools in Indooroopilly are some of the best in Brisbane and one of the major drawcards for the area. Access to the city is just 15 minutes by train, leaving plenty of time after work, for families to enjoy fun activities together.

Indooroopilly Riverwalk commences

Plans for the Indooroopilly Riverwalk are also underway with early construction works beginning in December 2019. The Riverwalk will connect cyclists and pedestrians between Twigg Street and Witton Barracks Park, via a dedicated pathway that will be built over the Brisbane river.

This investment into Indooroopilly’s pedestrian infrastructure will connect residents with the established bikeways that link up UQ and the Western Freeway bikeway. Indooroopilly has already been named Brisbane’s healthiest suburb so encouraging locals to walk and cycle to work will further enhance the area’s active reputation.

Residents settle in long term

Indooroopilly’s enviable lifestyle has made it more competitive for prospective homeowners to buy into the area. The average length of home ownership has stretched to 11 years in Indooroopilly and population growth is still on the rise. This means that more people want to move into the area but fewer homes are becoming available for sale.

In this market, it’s not as easy for households to upgrade their property within the same suburb. With fewer properties to choose from, homeowners face greater competition when it comes to buying their next home. Not wanting to risk selling and then being forced to move away from Indooroopilly’s schools and lifestyle, is a driving factor in the lower number of homes available for sale.

Adapting homes to suit lifestyle needs

Therefore, homeowners in Indooroopilly are often choosing to adapt their homes to suit their changing lifestyle needs, rather than selling. This trend is compounding the shortage of houses in the area and one of the main reasons why Indooroopilly was to a degree, insulated from the property market adjustment.

For those willing to make a move, a shortage of homes for sale in the area is creating a competitive buying environment. 20 Victoria Street, Indooroopilly was sold under the hammer for $1,405,000 last year and had 13 registered bidders on the day. The successful buyers, who are also local Indooroopilly residents, purchased the home so they could build their dream property within an area they adore.

Although the current pandemic has put everyone’s life on hold for the moment, Indooroopilly remains a highly-sought after suburb. Over 289,000 people searched for property for sale in Indooroopilly in March 2020, and according to Realestate.com.au, search activity is only increasing throughout April.

As demand for Indooroopilly continues and local residents settle into the area long term, a shortage of properties for sale will bode well for homeowners.

View monthly market insights for the Indooroopilly Property Market

Local Market Report 2020 Brisbane

Interested to learn more about Indooroopilly?

Find out exactly what’s happening in Indooroopilly with our 2020 Local Market Report.

  • Explore the change in property values over the past 4 years
  • Find out where buyers for St Indooroopilly are coming from
  • Top recorded sales in Indooroopilly
  • Median sale price for houses and apartments
  • Average rental values for Indooroopilly

 

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Byrony O'Neill

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