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Brisbane City suburb profile

Brisbane City, the vibrant heart of Queensland's capital, is a bustling hub of commerce, culture, and entertainment. Nestled along the Brisbane River, it offers a dynamic urban lifestyle with a mix of modern skyscrapers and historic architecture. The city is renowned for its lively precincts, such as Queen Street Mall, offering premier shopping and dining experiences. Cultural landmarks like the Queensland Art Gallery and South Bank Parklands provide enriching experiences for residents and visitors alike. With excellent public transport, green spaces, and a thriving nightlife, Brisbane City is a sought-after destination for professionals and tourists.

Brisbane City property market performance

Current median dwelling price$969,000Past 3 months

Property growth+39.4%Past 12 months

Brisbane City's property market has experienced significant growth over the past 12 months, particularly in the housing sector. House values have surged by an impressive 82.9%, with the median house price now at $1.21 million. Unit values have also seen a substantial increase of 21.6%, bringing the median unit price to $720,000.

Sales activity has been robust, especially in the unit market, with 221 units sold compared to just 12 houses over the past 12 months. Houses are selling faster, with a median of 45 days on the market, while units take longer at 63 days, indicating a stronger demand for houses.

The rental market in Brisbane City has also seen notable changes, with house rents increasing by 9.9% and unit rents by 2.9% over the last 12 months. The average rent for houses is now $780, while units average $720, reflecting a healthy demand for rental properties.

HousesUnits
Median price
Past 3 months
$1.21M$725K
Change in value
Past 12 months
58.1%20.7%
Sold
Past 3 months
13170
Median days on market
Past 12 months
4759
Average rent
Past 12 months
$780$720
Change in rent
Past 12 months
4.0%2.9%

5 year median price trend for houses and units

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Brisbane City demographics

Brisbane City, the vibrant heart of Queensland's capital, is a bustling urban hub known for its dynamic lifestyle and cultural diversity. With a population of 12,587 and a median age of 31, the suburb is a magnet for young professionals and students who are drawn to its lively atmosphere and proximity to major business districts and educational institutions. The median total household income of $1,802 per week reflects the suburb's economic vitality and the opportunities available for its residents.

Housing in Brisbane City is predominantly rental-based, with 68.4% of properties being rented. This high rental rate underscores the suburb's appeal to those seeking flexible living arrangements, including students and professionals who value the convenience of city living. The suburb's household composition is diverse, with a significant proportion of couple families without children (67.4%), highlighting the preference for a cosmopolitan lifestyle among its residents.

The property ownership landscape in Brisbane City is balanced, with 15.8% of homes owned outright and another 15.8% owned with a mortgage. This mix of ownership types reflects both the stability of long-term residents and the influx of new buyers attracted to the area's vibrant urban environment. The presence of cultural landmarks, shopping precincts, and a thriving dining scene further enhances Brisbane City's appeal, making it a sought-after location for those seeking a blend of work, leisure, and lifestyle in the heart of Queensland.

Brisbane City infrastructure, key developments and investment opportunities

Brisbane City is experiencing a wave of major infrastructure and public space upgrades, including the ongoing Queen's Wharf development, significant enhancements to the Eagle Street Pier precinct, and the expansion of the City Botanic Gardens, all of which are likely to increase the suburb’s appeal for both residents and investors by modernising amenities and improving riverfront access. Public transport options have been further strengthened with improvements to the Cross River Rail project and upgrades at Roma Street Station and bus interchanges, improving connectivity and reducing travel times across the city.

Several education facilities, including Brisbane Grammar Schools and Petrie Terrace State School, remain in high demand and are complimented by enhanced community spaces and new recreational amenities, fostering broader buyer interest from families and professionals. Proximity to the South Bank cultural and health precinct as well as easy access to major employment hubs continue to drive demand. No significant recent changes to long-term council planning have been announced, but the ongoing property and transport developments are poised to underpin sustained demand and potential future capital growth in Brisbane City.

Brisbane City rental market trends

The rental market in Brisbane City has experienced moderate growth, with house rents increasing by 9.9% over the past year to $780 per week, while unit rents have seen a smaller rise of 2.9% to $720 per week. As a vibrant urban center with ongoing development and a strong rental demand, Brisbane City continues to attract both renters and investors seeking a dynamic lifestyle and solid returns.

Suburbs near Brisbane City

Some popular suburbs near Brisbane City include:

How does Brisbane City compare to nearby suburbs?

  • Median house prices: Brisbane City’s median house price is 24.2% lower than East Brisbane’s.
  • Median unit prices: Brisbane City’s median unit price is 20.8% higher than Fortitude Valley’s.
  • House price growth: Over the past 12 months, house prices in Brisbane City have grown 61.2% higher than in South Brisbane.
  • Unit price growth: Over the past 12 months, unit prices in Brisbane City have grown 14.4% higher than in South Brisbane.
  • Selling speed for houses: Properties in Brisbane City are selling 14.5% faster than in East Brisbane.
  • Selling speed for units: Properties in nearby South Brisbane are selling 6.8% faster than in Brisbane City.
  • Investment considerations: In Brisbane City, the rental yield for house is 14.9% higher than the Brisbane average, while the rental yield for units is 16.7% higher.
  • House price growth: Over the past 12 months, house prices in Brisbane City have grown 0.4% lower than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Brisbane City have grown 1.4% lower than the average rate of growth for units across Brisbane.

Common questions about Brisbane City

  • Is Brisbane City a nice place to live?

    Brisbane City is a fantastic place to live, offering a vibrant urban lifestyle that appeals to a wide range of residents. Known for its dynamic atmosphere, the suburb is a bustling hub where modern skyscrapers meet historic architecture, creating a unique blend of old and new. The lively vibe is complemented by a rich cultural scene, with numerous galleries, theatres, and entertainment venues that cater to diverse tastes. Families will find the suburb's proximity to quality education facilities, such as Brisbane Grammar Schools, a significant advantage, while the abundance of parks and green spaces provides ample opportunities for outdoor activities.

    Living in Brisbane City means having easy access to a plethora of amenities. The suburb is home to premier shopping destinations like Queen Street Mall, as well as a thriving dining scene that offers everything from casual cafes to fine dining restaurants. The excellent public transport network ensures that residents can easily navigate the city and beyond, making it a convenient choice for professionals and families alike. Safety is generally well-managed, although, as with any busy urban area, it's wise to stay aware of your surroundings.

    However, living in the heart of the city does come with some trade-offs. The predominantly rental-based housing market may not suit those looking for long-term home ownership, and the fast-paced lifestyle might not appeal to everyone. Additionally, while the vibrant nightlife is a draw for many, it can lead to noise and congestion, particularly in the evenings. Despite these considerations, Brisbane City remains a highly sought-after location for those who thrive in a cosmopolitan environment and appreciate the convenience of city living.

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  • Is it expensive to live in Brisbane City?

    Living in Brisbane City can be quite costly, especially when considering the real estate market. The median house price is around $1,207,000, while units are priced at a median of $720,000. These figures reflect the premium one pays for residing in the heart of Brisbane, with its vibrant city life and proximity to various amenities.

    When looking at rental options, the average rent for houses is $780 per week, and for units, it's $720 per week. These rental prices are significant, particularly when compared to the average wage in Brisbane City, which is approximately $80,000 annually. With the median total household income weekly at $1,802, a substantial portion of income would go towards housing, whether buying or renting.

    Overall, living in Brisbane City requires a considerable financial commitment, especially when housing costs are compared to the average earnings in the area. If you are thinking of living in Brisbane City, it's essential to evaluate your budget and financial priorities to ensure they align with the expenses associated with this dynamic urban environment.

    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 Brisbane City a good place to invest?

    Brisbane City is shaping up to be an exciting place for property investment, especially if you're looking at the heart of the city. Over the past year, the suburb has seen a staggering 82.9% increase in median house values, which is quite remarkable. This kind of growth suggests a strong demand for housing in the area, likely driven by its central location and the lifestyle it offers. Even the unit market has experienced a solid 21.6% increase in value, indicating a healthy interest in more affordable city living options.

    When it comes to rental returns, Brisbane City is also performing well. House rents have risen by 9.9% over the last year, which is great news for investors looking for steady rental income. Although the increase in unit rents is more modest at 2.9%, it still reflects a positive trend in rental demand. The combination of rising property values and rental income potential makes Brisbane City an attractive option for those considering an investment in the property market.

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Choose the right real estate agents in Brisbane City

Choosing the right real estate agent in Brisbane City can have a big impact on your sale. While there are 204 real estate agents working in the suburb, but just 5 of them were responsible for 28.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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