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Kangaroo Point

Real estate profile

Location

1 km east-southeast from Brisbane CBD.

Features

Proximity to Brisbane City, Kangaroo Point cliffs.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $513,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $390. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $370.

Profile

Home to more than 5,000 residents, the riverside suburb of Kangaroo Point has witnessed an enormous amount of residential construction during the past decade. The resident population in the suburb is estimated to have grown by more than 20 per cent during that period as both homebuyers and tenants gravitate closer to the CBD.

The redevelopment of the old Evans Deakin Shipyards into the visionary Dockside development in the late 1980s was the catalyst for further residential redevelopment in the suburb, particularly in those areas where maritime activities once took place.

During the past 10 years, new stages of the Dockside development have been added as well as other residential projects including The Watermark, The Goodwin, Silver Quays, Marquise, and Bridgewater.

The size of the suburb’s rental market has grown strongly nearly doubling in size during the past ten years. Investors are still the main buyers in Kangaroo Point.

Residents of this sought after suburb enjoy close proximity to the CBD and have access to excellent public transport. In addition to regular bus services to the city and other attractions such as the Brisbane Cricket Ground (The Gabba), most residents are within walking distance to CityCat ferry terminals for quick access to the city or a leisurely cruise to Southbank or Brett’s Wharf at Hamilton.

Residents who prefer to drive can access the City via the Story Bridge or the Riverside Expressway. The Southeast Freeway from neighbouring Woolloongabba also provides direct road access to the Gold Coast.

Bordered by the Brisbane River means that Kangaroo Point plays host to excellent walkways and picnic spots including the popular park spots under the famous Kangaroo Point Cliffs.

Local stores around Kangaroo Point are supplemented by a variety of larger supermarkets and retail outlets in South Brisbane, Coorparoo and the City (5-10 minutes away) and Carindale Shopping Centre (20-25 minutes away).

Although the suburb has no schools to call its own, the proximity of St Laurence’s College, Coorparoo Secondary College, Anglican Church Grammar, Coorparoo Primary School, Buranda Primary School, Brisbane State High School and Villanova College mean residents are spoilt for choice.

According to the 2006 Census there were 6,869 people living in the suburb with a median age of 34. The median individual income was $738 per week. Of all occupied private dwellings 29.9% were either fully owned or being purchased; 51.1% 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 Kangaroo Point information

History

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

Pocket Neighbourhood Guide

Your neighbourhood at a glance. Discover the secrets of the local area... as well as what makes it special.