Get a property report and suburb profile for any property in Albany Creek

Albany Creek is a leafy northern Brisbane suburb centred on the South Pine River, with riverside parks, walking and cycle routes and quiet residential streets. Outdoor recreation is a clear feature, with river access, picnic spots and pockets of bushland for weekend walks. Local life is anchored by small shopping strips, cafés, schools and community sporting clubs, and residents have regular bus services plus straightforward road connections to the city and nearby centres.

Home to 16,385 people with a median age of 40, Albany Creek is a suburb of families and is mostly owner-occupied (about 84.0% owned outright or with a mortgage). The council is delivering a number of upgrades, including a library refurbishment, a continuous shared path along the South Pine River and improvements to John Leitch Memorial, Bleakley and Lemke parks. Whether that suits you depends on what you want from a suburb.

At a median house price of $1,355,000, buying in Albany Creek works out to about 11.5 times a typical local household's annual income at the last Census (median weekly household income $2,267, or $117,884 a year). Renting a house at around $780 a week would take about 34.4% of that typical weekly household income at the last Census, which is a sizeable share. On these figures, buying sits well above local incomes while renting would take a sizeable portion of a typical local household's income, so which feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

A standout over the past year in Albany Creek is house value growth, which climbed a strong 23.3%. Unit values also rose, up 7.4%, a solid increase, while house rents increased 6.8% over the year. That means house prices have risen noticeably more than the rent those houses earned this year (23.3% versus 6.8%). If rental income is your priority, the 6.8% rise in house rents is the figure that matters; if capital growth is your focus, the large lift in house values is the more relevant number. Whether that balance suits your goals depends on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.