Seven kilometres from Brisbane’s CBD, Indooroopilly is a popular suburb which has everything right at your doorstep.
Schools are a major driving force for the Indooroopilly property market. As such, property prices in Indooroopilly often reflect the close proximity a home has to some of Brisbane’s most esteemed schools.
Watch the video below to see our Indooroopilly Market Update and then read on to learn about Indooroopilly’s Suburb Profile, median sale price and how much your home is worth in the Indooroopilly property market.
The median sale price for a house in Indooroopilly is $1,150,000 which represents an impressive 18.56% growth in just 12 months. Apartments in Indooroopilly have recorded 0.43% YoY growth, with the median sale price now $469,000. In the rental market, houses in Indooroopilly average rent of $550pw while apartments in Indooroopilly average rent of $430pw.
The highly sought-after suburb of Indooroopilly is regarded for its prestigious family homes and extensive list of top schools.
Indooroopilly State High School, St Peters Lutheran College, Brigidine College and Holy Family Primary School are just some of the schools found in this leafy suburb.
For buyers, the ability to be within walking distance of these educational precincts is a lifestyle many consider when moving to the area.
New primary school for western suburbs
Ongoing demand for schools in Brisbane’s inner-western suburbs has led the State Government to commit $65M to building a new primary school in the area, which they hope to open by 2023.
In addition to leading schools, the Indooroopilly Riverwalk is set to open in May 2021 and a new AutoMall at Indooroopilly Shopping Centre will be the first of its kind in Australia.
Indooroopilly property market heats up
With all of this on offer, it’s no surprise the number of people wanting to call Indooroopilly home has almost doubled in the past year.
According to realestate.com.au, more than 424,000+ people search for property to buy in Indooroopilly, every single month.
Both houses and apartments in Indooroopilly have experienced growth in property values over the past 12 months.
As of May 2021, the median sale price for a house in Indooroopilly is $970,000. Apartments have increased 3.7% to a median of $476,000, which is now the highest value for an apartment in Brisbane’s inner-western suburbs.
Despite strong demand for properties in Indooroopilly, the number of houses selling in the area is down by 15% over the past 12 months.
Homeowners are choosing to stay where they are, which is creating a shortage of housing and as a result, we are seeing some extraordinary prices in Indooroopilly in 2021.
Interested to know more?
Your free 2021 Local Market Report includes our Indooroopilly Property Market Update, Indooroopilly Suburb Profile and Indooroopilly Property Values.
How many people are looking for homes within the Indooroopilly property market?
Our complimentary Local Market Report provides residents with a detailed look at property values and the trends we are currently experiencing throughout Brisbane’s inner-western suburbs.
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Byrony O’Neill
The days of an agent simply listing your property by placing an advertisement in a newspaper and a card in a shop window are gone, the internet and e-marketing technology have revolutionised the property sale process.
As an expert in the Indooroopilly property market, Byrony knows how to achieve a premium sale price for your home. Whether you’re looking to sell your Indooroopilly house, townhouse or apartment, Byrony can offer the honest advice you need for a successful, stress-free sale.
M: 0412 132 480
E: byrony@byronyoneill.com
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Indooroopilly Property Prices: September update based on the most recent property data released from CoreLogic (May 2021). Demand for Indooroopilly: The number of monthly buy or rent searches on realestate.com.au in June 2021.