Jindalee

Real estate profile

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Location

12km west of Brisbane CBD.

Features

Easy access to Centenary Highway, Brisbane River frontage, parks.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $335,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $300. The median weekly rent paid for a 2-bedroom unit in this area for the same period was not available.

Profile

One of Brisbane’s Centenary suburbs, Jindalee has benefited greatly from the opening of the Centenary Highway that gave it direct access to the City via Milton Road or Coronation Drive.

Only 12km west of Brisbane’s CBD, Jindalee was developed with the other Centenary areas during the 1950s and 1960s.

The suburb has easy access to the Mt Coot-tha lookout, botanical gardens, and the planetarium, as well as direct access to the City via the Centenary Highway.

Jindalee is a popular suburb for growing families as the area offers a wide range of services and facilities for all family members within close vicinity.

While Jindalee only experienced mild increases in median house prices during the recent housing boom, price growth has accelerated in recent quarters as buyers are attracted back to the comparatively affordable property and the excellent services.

The Centenary suburbs were once regarded as quite out of the way but, as the city grows and access to public transport improves, people are less resistant to traveling the distance to work.

Most of Jindalee is still likely to experience steady growth throughout the next decade as demand for the Centenary suburbs continues to grow.

The Centenary suburbs are promoted as a fully planned development with extensive services and facilities including primary and high schools, the recently expanded Centenary regional shopping centre, police and fire stations and many sporting clubs including two golf courses.

According to the 2006 Census there were 4,989 people living in the suburb with a median age of 37. The median individual income was $596 per week. Of all occupied private dwellings 80.5% were either fully owned or being purchased; 15.3% 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.