Sandgate

Real estate profile

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Location

16 km north-east of the Brisbane CBD.

Features

Bayside lifestyle, Sandgate Pier, Sandgate rail station.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $359,000.

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 $230.

Profile

Located in the northern part of Brisbane’s popular bayside, Sandgate attracts buyers looking for a lifestyle incorporating the outdoors and the water.

The community in Sandgate has seen a shift toward a younger family-oriented demographic in recent years. The redevelopment of the foreshore has seen an increase in the number of restaurants, cafes and leisure facilities including bike and walk ways.

An older area, Sandgate is predominantly made up of houses with a few unit and townhouse complexes mixed in.

With so much demand, very little vacant land is available in the area. Bargains are rapidly disappearing and older homes are being raised and remodelled. Sandgate’s rising popularity is creating steady demand which is in turn forcing the price of homes, in particular waterfront homes, upwards.

The Bluewater Festival is rapidly becoming Sandgate’s premier event, attracting thousands of visitors to the waterfront.

Residents are well catered for with primary and high schools (both public and private), and the Queensland University of Technology and North Point Institute of TAFE located in close proximity at Carseldine and Bracken Ridge respectively.

The Sandgate Shopping Complex along Brighton Road services the retail needs of residents while access to public transport is available from all areas around Sandgate. Sandgate residents have a reasonably short thirty-minute commute via rail to Brisbane City.

According to the 2006 Census there were 4,911 people living in the suburb with a median age of 43. The median individual income was $485 per week. Of all occupied private dwellings 57.6% were either fully owned or being purchased; 35.8% 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.