Acacia Ridge suburb profile
Acacia Ridge is a well-established suburb located approximately 15km south of Brisbane's CBD, known for its industrial and residential mix. The suburb features a variety of housing options, from post-war homes to modern developments, catering to diverse demographics. Acacia Ridge is home to several parks and recreational facilities, providing ample green space for residents. The area is well-served by public transport, with easy access to major roads and highways, making commuting convenient. With a strong community spirit and a range of local amenities, Acacia Ridge offers a balanced lifestyle for families, professionals, and retirees.
Acacia Ridge property market performance
Acacia Ridge’s property market has experienced significant growth over the past 12 months, with house values increasing by 17.9% and unit values surging by 25.6%. The median house price has reached $787,000, while units have averaged $551,250, indicating strong demand across both property types.
Sales activity has been robust, with 52 houses and 10 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of 19 days on the market and units just 14 days, reflecting high buyer interest.
In the rental market, house rents have increased by 5.8% over the last 12 months, with an average rent of $550. Unit rents have remained stable, averaging $410, suggesting a steady demand for rental properties in the area.
Median price - houses$808KPast 3 months
Median price - units$551KPast 3 months
Change in value - houses18.1%12 months
Change in value - units29.1%12 months
Houses sold44Past 3 months
Units sold6Past 3 months
Median DOM - houses18Past 12 months
Median DOM - units14.5Past 12 months
Average rent - houses$550Past 12 months
Average rent - units$410Past 12 months
Change in rent - houses5.8%Past 12 months
Change in rent - units-6.8%Past 12 months
Acacia Ridge demographics
Acacia Ridge, located in the southern suburbs of Brisbane, is a community known for its family-friendly environment and diverse population. With a population of 7,486 and a median age of 34, it is a suburb that attracts both young families and professionals. The area offers a blend of residential and industrial zones, providing ample employment opportunities within close proximity.
The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 50.8% of the housing market. This high rental rate indicates a demand for flexible living arrangements, appealing to both transient workers and those seeking short-term accommodation. Meanwhile, 20.1% of properties are owned outright, and 29.1% are owned with a mortgage, reflecting a stable base of long-term residents who have invested in the area.
Family dynamics in Acacia Ridge are diverse, with couple families with children making up 37.2% of the population, while couple families without children account for 31.7%. One-parent families also form a significant part of the community at 28.3%. This mix of family types contributes to a supportive and inclusive community atmosphere. The suburb's median household income of $1,313 per week is reflective of its working-class roots, with many residents employed in local industries and services.
Acacia Ridge infrastructure, key developments and investment opportunities
Acacia Ridge is experiencing some notable developments that may impact its property market. The suburb is set to benefit from the Cross River Rail project, with plans for a new station to be built after the completion of the main line. This improved public transport connectivity is likely to boost property values and attract new residents. Additionally, the Oxley Creek Transformation project, starting this year, will enhance recreational spaces and walking trails, making the area more appealing to families and outdoor enthusiasts.
The industrial sector in Acacia Ridge continues to thrive, with ongoing diversification into warehousing and non-manufacturing businesses. This economic activity is creating local job opportunities and supporting property demand. While the suburb has historically had a mixed reputation, recent community initiatives and infrastructure improvements are gradually changing perceptions, potentially leading to increased interest from homebuyers and investors in the coming years.
Acacia Ridge rental market trends
The rental market in Acacia Ridge has experienced moderate growth, with house rents increasing by 5.8% over the past year to $550 per week, while unit rents have remained stable at $410 per week. This stability in unit rents, combined with the growth in house rents, suggests a balanced market, making Acacia Ridge an attractive option for both renters and investors seeking steady returns in a well-established suburb.
Suburbs near Acacia Ridge
Some popular suburbs near Acacia Ridge include: