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: