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South Brisbane

Real estate profile

Location

1 km from CBD.

Features

South Brisbane Town Hall, Southbank Parklands, Queensland Performing Arts Complex, Queensland Museum, South Brisbane and Vulture St rail stations

Median Price

The median unit price for the 2005 calendar year was $335,000. House data was unavailable.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $350. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $345.

Profile

South Brisbane's history extends back to the initial settlement of Brisbane when the river caused a physical barrier to the town, creating a separate township. The magnificent South Brisbane Town Hall is still a vivid reminder of this bygone era.

These days, the William Jolly Bridge, the Victoria Bridge, the Riverside Expressway and the new Goodwill Pedestrian Bridge mean the CBD is easily accessible to South Brisbane residents.

Originally the majority of land in South Brisbane was used for general industry purposes however, most of the land has been converted back to residential areas comprising mostly of detached housing or modern apartments.

This reflects the changing face of the suburb and a renewed increase in demand for living near the city.

Commercial developments also reflect demand for the suburb as an easily accessible business environment. Commercial development coupled with the continual demand for residential property suggests that South Brisbane will continue to prosper in the future.

The type and quality of residential properties in South Brisbane varies considerably with homes ranging from older weatherboard dwellings situated on relatively small allotments to expansive penthouse apartments with stunning river views.

The rejuvenation of the Southbank parklands coupled with the increasing profile of West End, South Brisbane's neighbouring suburb, is attracting an increasing number of visitors and residents.

South Brisbane also represents a small hub for arts activity in Brisbane housing the Queensland Performing Arts Centre, Maritime Museum and the Queensland Museum. Also located in the suburb are the Mater Hospital, the State Library, and the Queensland College of TAFE and Hospitality.

The services and facilities have adapted well to the increasing demand for housing in the area. Public transport in the area is excellent with two rail stations (South Brisbane and Vulture Street Stations) and regular bus routes to and from the City and surrounding suburbs. The bus services have recently been made more efficient with the introduction of the Southeast Busway tunnel and priority road lanes.

Schools in South Brisbane are Brisbane State High School and St Laurence's College. The West End Markets and retail shopping in the City complement local stores and supermarkets.

According to the 2001 Census there were 4,521 people living in the suburb with a median age of 35. The median individual income was between $300 and $399 per week. Of all occupied private dwellings 30% were either fully owned or being purchased; 51% 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 South Brisbane 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.