St Lucia is one of the most prestigious suburbs in Brisbane because of its close proximity to the Brisbane CBD, its peninsular-like ‘no-through traffic’ position, and vast expanse of prime riverfront land.
In this St Lucia market update, we investigate the change in property prices for the area, review St Lucia’s suburb profile and give you an idea of how much your home is worth in the St Lucia property market.
The median sale price for a house in St Lucia is currently $1,247,500 which represents 14.98% YoY growth for the suburb. Apartments in St Lucia are achieving a median sale price of $460,000 which is above Brisbane’s median of $418,000.
In the rental market, houses in St Lucia are achieving an average rent of $597pw while apartments for rent in St Lucia are averaging $430pw.
May update based on the most recent property data released from CoreLogic (January 2020).
Flanked by the Brisbane river and with one of Australia’s top universities at its heart, St Lucia has firmly established itself as a prestigious neighbourhood to call home.
St Lucia residents settle in long term
Growing families can settle into St Lucia knowing that their children can enrol in great schools and then walk to the University of Queensland, without the need to move. This trend is evident with the average length of home ownership stretching to 13 years in St Lucia.
Transport upgrades connect St Lucia with health corridor
Connecting St Lucia with Brisbane’s growing health precinct will increase demand for the area, as workers search for a home that offers a great lifestyle with quick travel options.
Interested to know more?
Read our full St Lucia Suburb Profile in our 2020 Local Market Report.
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It’s no secret that Byrony is firmly established as Brisbane’s inner west property expert. Her experience and knowledge of the St Lucia property market define Bryony’s reputation as a trusted sales professional.
Whether you would like to know how much your home is worth in St Lucia, or how to prepare your house for sale, Byrony can offer practical advice that will help you achieve a premium sale price in St Lucia.
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