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Bridgeman Downs suburb profile

Bridgeman Downs is a prestigious suburb located approximately 15km north of Brisbane's CBD, known for its spacious properties and tranquil environment. This leafy suburb is characterized by its blend of modern homes and expansive estates, attracting families and professionals seeking a peaceful lifestyle. Bridgeman Downs offers a range of amenities, including parks, walking trails, and proximity to shopping centres like Westfield Chermside. The suburb is well-connected by public transport and major roads, providing easy access to the city and surrounding areas. Its serene atmosphere and family-friendly appeal make Bridgeman Downs a sought-after location for those desiring suburban comfort with urban convenience.

Bridgeman Downs property market performance

Bridgeman Downs has experienced a dynamic property market over the past 12 months. House values have seen a modest increase of 3.9%, with the median house price reaching $1.4 million. In contrast, unit values have surged by 12.3%, bringing the median unit price to $595,000, indicating a growing interest in the unit market.

Sales activity has been relatively active, with 37 houses and 7 units sold in the past three months. Properties are moving quickly, with houses spending a median of 16 days on the market and units just 12 days, suggesting strong demand across both sectors.

The rental market in Bridgeman Downs has also shown positive trends. Average rent for houses has increased by 3.0% to $850, while units have seen a more significant rise of 8.3%, with average rent reaching $650, reflecting a robust rental demand, particularly for units.

Median price - houses$1.45MPast 3 months

Median price - units$595KPast 3 months

Change in value - houses7.4%12 months

Change in value - units17.7%12 months

Houses sold30Past 3 months

Units sold5Past 3 months

Median DOM - houses16Past 12 months

Median DOM - units13Past 12 months

Average rent - houses$850Past 12 months

Average rent - units$650Past 12 months

Change in rent - houses2.4%Past 12 months

Change in rent - units8.3%Past 12 months

Bridgeman Downs demographics

Bridgeman Downs, located in the northern suburbs of Brisbane, is a family-friendly area known for its spacious homes and leafy streets. With a population of 10,938 and a median age of 39, it attracts a mix of families and professionals seeking a suburban lifestyle with easy access to the city. The suburb's high median household income of $2,878 per week reflects its affluent nature, making it a desirable location for those looking to settle in a well-established community.

The family-oriented nature of Bridgeman Downs is evident, with 54.1% of households being couple families with children, and 35.2% being couple families without children. This demographic composition highlights the suburb's appeal to both growing families and those whose children have left home. The presence of one-parent families, making up 9.5% of the population, adds to the diversity of family structures within the community.

Property ownership in Bridgeman Downs is predominantly characterized by stability, with 38.2% of homes owned outright and 44.6% owned with a mortgage. This high level of home ownership indicates a strong sense of community and long-term residency. The rental market is relatively small, with only 17.2% of properties being rented, which suggests a preference for home ownership among residents. Overall, Bridgeman Downs offers a tranquil suburban environment with a strong community spirit, making it an attractive choice for families and professionals alike.

Bridgeman Downs infrastructure, key developments and investment opportunities

Bridgeman Downs is experiencing steady growth and development that is likely to positively impact its property market. The suburb is seeing new residential projects, including the Bridgeman Hilltop Estate, which is introducing modern housing options and potentially attracting new residents. Infrastructure improvements, such as upgrades to local roads and public transport links, are enhancing connectivity and could increase property desirability.

The area's proximity to major shopping centers like Westfield Chermside and its abundance of green spaces, including parks and reserves, continue to be key drawcards. Recent expansions of nearby educational facilities and ongoing development of community amenities are further boosting Bridgeman Downs' appeal for families. These factors, combined with the suburb's reputation for spacious properties and a tranquil lifestyle, are likely to sustain strong demand and potentially drive property values upward in the coming years.

Bridgeman Downs rental market trends

The rental market in Bridgeman Downs has experienced moderate growth, with house rents increasing by 3.0% over the past year to $850 per week, while unit rents have seen a more significant rise of 8.3% to $650 per week. This suburb continues to attract renters and investors with its appealing lifestyle and steady rental demand.

Suburbs near Bridgeman Downs

Some popular suburbs near Bridgeman Downs include:

Common questions about Bridgeman Downs

  • Is Bridgeman Downs a nice place to live?

    Bridgeman Downs is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the northern suburbs of Brisbane, it is renowned for its spacious homes and leafy streets, providing a tranquil retreat from the hustle and bustle of city life. The suburb's charm lies in its blend of modern homes and expansive estates, which attract families and professionals seeking a peaceful lifestyle. With its strong community spirit and suburban comfort, Bridgeman Downs is a sought-after location for those desiring a balance of urban convenience and suburban tranquility.

    The suburb boasts a welcoming vibe, with a community-oriented atmosphere that is perfect for families. Bridgeman Downs is well-connected by public transport and major roads, ensuring easy access to Brisbane's CBD and surrounding areas. Residents enjoy proximity to a range of amenities, including parks, walking trails, and shopping centres like Westfield Chermside. This makes it easy to enjoy leisurely activities such as shopping, dining at local cafes, or exploring the beautiful green spaces that dot the area.

    Safety is generally not a major concern in Bridgeman Downs, contributing to its appeal as a family-friendly suburb. However, the trade-off for its peaceful environment and spacious properties is that it may lack the vibrant nightlife and cultural attractions found in more urban areas. Nonetheless, the suburb's serene atmosphere and strong sense of community make it an attractive choice for families and professionals who value a quieter lifestyle. While property prices reflect its prestigious nature, the investment is often seen as worthwhile for those seeking a stable and welcoming community to settle in.

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  • Is it expensive to live in Bridgeman Downs?

    Living in Bridgeman Downs can be quite costly, especially when compared to other areas in Brisbane. The median house price is currently $1,400,000, which is significantly higher than what you might find in many other Brisbane suburbs. If you're considering renting instead, you can expect to pay around $850 per week for a house or $650 per week for a unit. These rental prices are on the higher side for Brisbane, reflecting the suburb's appeal and amenities.

    When we look at the income data, the median total household income in Bridgeman Downs is $2,878 per week. This is relatively high and suggests that many residents have substantial financial means. In contrast, the average wage in Brisbane is about $77,000 per year, which translates to roughly $1,480 per week. This indicates that living in Bridgeman Downs might be challenging for individuals or families earning an average wage in Brisbane, as a significant portion of their income would go towards housing costs.

    Overall, Bridgeman Downs is a desirable suburb with a range of amenities and a pleasant lifestyle. However, the cost of living, particularly in terms of housing, is on the higher end, making it a more suitable option for those with higher incomes or dual-income households. If you're thinking of living in Bridgeman Downs, it's important to consider your financial situation to ensure it aligns with the expenses associated with this upscale suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Bridgeman Downs a good place to invest?

    Bridgeman Downs is showing promising signs as a good place to invest, especially if you're considering units. Over the past year, the suburb has seen a significant increase in median unit values, jumping by 12.3%. This suggests a strong demand for units, likely driven by affordability and lifestyle factors. The rental market for units is also thriving, with an 8.3% increase in rent, indicating a healthy demand from tenants and potential for solid rental returns.

    While the growth in median house values has been more modest at 3.9%, it still represents a stable investment opportunity. The rental market for houses has also seen a steady increase of 3.0%, which is a positive sign for those looking to invest in family homes. Bridgeman Downs offers a balanced mix of investment opportunities, with units currently leading the charge in terms of growth and rental demand.

    Overall, Bridgeman Downs presents a compelling case for investment, particularly for those interested in units. The suburb's consistent growth in property values and rental returns makes it an attractive option for investors seeking both capital appreciation and rental income. With its appealing lifestyle and strong market demand, Bridgeman Downs is certainly worth considering for your next investment.

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