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 2020 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.
Property values in Indooroopilly have declined slightly, since reaching a median sale price of $1,000,000 last month. The median sale price for a house is now $945,270. Apartments in Indooroopilly have recorded 4.49% YoY growth, with the median sale price now $465,000. In the rental market, houses in Indooroopilly average rent of $550pw while apartments in Indooroopilly average rent of $425pw.
December update based on the most recent property data released from CoreLogic (August 2020).
Many buyers are drawn to Indooroopilly because of the treelined streets, abundance of green space, large blocks of land and the enviable lifestyle on offer.
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.
Esteemed Schools Drive Indooroopilly Property Market
Not only is Indooroopilly an excellent place to live but schools in Indooroopilly are some of the best in Brisbane and one of the major drawcards for the area.
Indooroopilly Riverwalk Commences
Construction has begun on the Indooroopilly Riverwalk which will connect cyclists and pedestrians between Twigg Street and Witton Barracks Park, further enhancing Indooroopilly’s reputation as Brisbane’s healthiest suburb.
All of these lifestyle factors have made Indooroopilly an extremely sought-after suburb. The average length of homeownership has now stretched to 11 years, meaning fewer homes are becoming available for sale as residents settle in long term.
Buyers Compete Over Limited Homes
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 local Indooroopilly residents, purchased the home so they could build their dream property within an area they adore.
Interested to know more?
Read our full Indooroopilly Suburb Profile in our 2020 Local Market Report.
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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
