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Indooroopilly

Real estate profile

Location

7km south-west from the Brisbane CBD.

Features

Indooroopilly Shoppingtown, Indooroopilly rail station, Brisbane River frontage, educational facilities.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $532,250.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $330. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $290.

Profile

Indooroopilly is fast becoming the Chatswood of Brisbane. The suburb’s central position, thriving commercial, office and retail sector, and proximity to the CBD and University of Queensland have promoted a recent surge in population and supported new residential unit developments.

Popular with many Brisbane professionals, as well as a strong element of university students from nearby University of Queensland (UQ), this riverside suburb has recorded significant gain in house prices, especially over the last three years.

Further investor interest is expected in the short to medium term with the completion of a number of new unit developments close to the rail station.

As the student population from nearby University of Queensland grows, further commercial and retail activity is also expected to increase.

As well as being a popular area for student tenants, the suburb is increasingly becoming a hub for young city commuters.

The suburb contains a large unit market - more than one–third of residences in the suburb are either units or townhouses. New prestige developments include Pradella’s new Riva overlooking the river.

Indooroopilly residents enjoy extensive community facilities including Gandel’s Indooroopilly Shoppingtown (formerly Westfield’s), Citytrain services and a bus interchange. Moviegoers are well catered for with the newly renovated art deco Eldorado Cinema Complex and Megaplex at Indooroopilly Shoppingtown.

There are copious restaurants and a newly renovated pub, which has become popular with a young clientele in recent times.

The commercial and shopping area near the railway station has in recent years been fully made over which makes for an attractive precinct for nightlife and a vibrant street café scene.

In addition, golf enthusiasts can enjoy a round at the renowned Indooroopilly Golf Club.

The suburb also boasts a number of education facilities including Indooroopilly High, St Peters Lutheran College, Nudgee Junior and the Brigidine Secondary College.

According to the 2006 Census there were 10,734 people living in the suburb with a median age of 29. The median individual income was $560 per week. Of all occupied private dwellings 53.8% were either fully owned or being purchased; 41.3% were being rented.

Source: REIQ

REIQ Copyright 2007. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy division of the The Real Estate Institute of Qld Ph 3249 7300.

This information has been carefully compiled by the REIQ and is not intended to be treated as a warranty or promise as to the correctness of the information.

More Indooroopilly information

History

Learn about the Aboriginal history, urban development, notable residents and landmarks of the area.

Pocket Neighbourhood Guide

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