Get a property report and suburb profile for any property in Stafford

Stafford, a suburb in Queensland, has shown unique dynamics in its property market. The median sale price for houses is $875,000, while units are at $461,250. The area has seen a decline of -13.37% in house values over the past 12 months but a rise of 6.03% in unit values. This suggests a shifting preference towards more affordable housing options like units.

The suburb has recorded 89 house sales and 78 unit sales in the past year. Houses in Stafford typically spend an average of 25 days on the market, whereas units have a quicker turnover at 14 days. This indicates a relatively high demand for properties in Stafford.

Population and Income: The population of Stafford was 6,544 in 2016, showing a growth of 8.30% from 2011. The median household income in 2016 was $1,488 per week. The suburb primarily consists of childless couples and professionals, with a median age of 34 years.

Community Profile: Stafford has evolved into a suburb popular among professionals, evident from the predominant professional occupation of its residents. The area has seen a shift from owner-occupied homes to more rental properties between 2011 and 2016.

Stafford has been experiencing significant development and offers various investment opportunities. Key developments in the area include:

• Residential growth: Stafford has seen a steady rise in residential development, with a focus on contemporary townhouses and apartment complexes. This growth caters to the increasing demand for housing close to the Brisbane CBD.
• Commercial development: The suburb has witnessed expansion in its commercial sectors, including the upgrade of Stafford City Shopping Centre. This development has enhanced the suburb's retail and business appeal.
• Infrastructure Improvements: Investments in infrastructure, such as road upgrades and public transport enhancements, are improving connectivity to surrounding areas, making Stafford more accessible and desirable.
• Green Space and Community Facilities: Enhancement of parks and community spaces is attracting families and contributes to the suburb's overall livability.

These developments present opportunities for investment in both residential and commercial real estate, appealing to a diverse range of investors looking for growth potential in a suburb that balances urban convenience with a relaxed, suburban atmosphere.

Rental market and economic factors

Stafford's rental market is robust, with the median rent at $620 for houses and $535 for units. The rental yields are attractive, standing at 3.43% for houses and 5.69% for units, suggesting strong potential for investors in the rental sector.

Stafford offers a blend of urban convenience and suburban lifestyle, making it appealing to a wide range of residents, from young professionals to families. The suburb is known for its community-oriented atmosphere and easy access to lifestyle amenities.

The suburb provides its residents with access to a range of facilities, including shopping centres, parks, and schools. The suburb's proximity to Brisbane CBD adds to its attractiveness, offering a balance between a peaceful suburban life and the hustle and bustle of the city.

Some suburbs that are close to Stafford in North Brisbane, include:

• Stafford Heights: A peaceful, family-oriented suburb known for its spacious homes and leafy streets.
• Everton Park: Offers a vibrant community with a mix of residential and commercial areas, ideal for families and young professionals.
• Kedron: Renowned for its charming character homes and convenient access to major roadways, making it a popular choice among commuters.