Nundah

Real estate profile

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Location

8km north-northeast of the Brisbane CBD.

Features

Nundah Village shopping strip, Westfield Shoppingtown Toombul, Albert Bishop Park, Nundah and Toombul train station.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $376,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $310. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $250.

Profile

Nundah is located eight kilometres north-northeast of the Brisbane CBD and has seen an increase in buyer demand as a result of higher prices in the inner city suburbs.

The area has seen a progression of residents from retirees and older residents to young families and couples. Residential development has been slowing and new buyers have been opting for renovating older homes.

Renovation activity has also had a positive effect on property prices as the whole suburb has effectively seen a significant makeover in the last few years.

Given its relative close proximity to Brisbane, the airport and major transport routes, the suburb has also seen the growth of medium density units. However, the majority of residential properties (70 per cent) in the suburb remain single unit dwellings (houses).

Local amenities add to the suburb’s attractiveness. There are a number of state and private schools in neighbouring suburbs catering for both primary and secondary school children. The closest hospital, Royal Brisbane Hospital is only 15 minutes away.

Westfield Shoppingtown at nearby Toombul services residents with major retail and supermarket outlets, while the Lutwyche shopping centre is also close by. A bit further out to the north on Gympie Road is Westfield Shoppingtown at Chermside.

The Sandgate Road Nundah bypass has dramatically improved the main shopping strip in Nundah, also known as Nundah Village.

Nundah has numerous parks, bike and walkways as well as Scout and Girl Guide associations. Kedron Brook runs through Nundah, Hendra and Wooloowin and has walking and biking paths running alongside.

Residents also have access to excellent public transport services with the northern train line running through the area and Albion, Wooloowin, Eagle Junction, Toombul and Nundah train stations all close by. Regular bus routes also make getting into and out of the City easy for Nundah residents.

Brisbane’s Domestic and International Airports are easily accessible by car or the new skytrain.

With excellent public transport, local amenities and affordable housing Nundah has seen strong price growth over the last five years which looks like continuing into the future.

According to the 2006 Census there were 8,286 people living in the suburb with a median age of 36. The median individual income was $588 per week. Of all occupied private dwellings 45.9% were either fully owned or being purchased; 48.4% 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.