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Woolloongabba

Real estate profile

Location

1 km South-East of the Brisbane CBD.

Features

Proximity to City, The Brisbane Cricket Ground (The Gabba), good public transport, affordable older-style homes and some new developments.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $407,500.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $335. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $250.

Profile

Woolloongabba is a thriving inner city suburb one kilometre east of Brisbane’s CBD. The suburb mainly consists of commercial, retail and restaurants - it is also most famous for housing the ‘Gabba’, the Brisbane Cricket Ground, which hosts national and international cricket matches and rugby union games.

Despite the high level of commercial and retail development in the suburb, there are pockets of prime residential areas. These consist of some heritage protected early period housing such as Queenslanders, and post-war workers cottages made from weatherboard and chamferboard.

The median house price belies the potential growth of the area, especially given its proximity to the city, Southbank and other inner-city attractions.

The suburb is also very close to one of Brisbane’s major hospitals, the Princess Alexandra, and is provided easy access north and south along the Southeast Freeway.

According to the 2006 Census there were 3,917 people living in the suburb with a median age of 33. The median individual income was $460 per week. Of all occupied private dwellings 37.6% were either fully owned or being purchased; 52.6% 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 Woolloongabba 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.