St Lucia

Real estate profile

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Location

4 km south-west of the Brisbane CBD.

Features

University of Queensland, proximity to Brisbane CBD.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $650,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $400. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $320.

Profile

St Lucia, about four kilometres from Brisbane's CBD, is a prestige western suburb that has benefited from its proximity to the city, the Brisbane River and local facilities.

With easy access to the City along Coronation Drive or via the ferry system, St Lucia offers quiet suburban living with good infrastructure, dominated by the University of Queensland.

St Lucia's central location, access to the University and other facilities will undoubtedly continue to attract investors and tenants. With the University of Queensland only minutes away, easy access to Mt Coot-tha and other facilities like the Indooroopilly shopping centre, St Lucia is popular with university students and those working in the city.

The CityCat catamaran ferry service and buses also make St Lucia an ideal place to live.

Apart from the University, which provides student and employees with many facilities, the local residents also benefit from the University infrastructure. This includes excellent sporting facilities, cinemas, restaurants, an Olympic-size swimming pool, the libraries and bookshops.

The suburb also boasts its own commercial district that features a supermarkets, cafes, restaurants and delicatessens.

According to the 2006 Census there were 10,612 people living in the suburb with a median age of 23. The median individual income was $293 per week. Of all occupied private dwellings, 39.6% were either fully owned or being purchased; 49% 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.