Brookwater suburb profile
Brookwater is a prestigious suburb located in the Greater Springfield area, approximately 30km southwest of Brisbane CBD. Known for its luxurious lifestyle, Brookwater is centered around the award-winning Brookwater Golf Course, designed by Greg Norman. The suburb offers a serene environment with lush greenery, modern homes, and a strong sense of community. Residents enjoy access to excellent amenities, including shopping centers, schools, and recreational facilities. With its combination of natural beauty and contemporary living, Brookwater is a sought-after destination for families and golf enthusiasts seeking an upscale suburban experience.
Brookwater property market performance
Brookwater's property market has experienced significant growth over the past 12 months, with house values increasing by 16.6% and unit values surging by 36.8%. The current median house price stands at $1.57 million, while the median unit price is $832,500, indicating strong demand across both property types.
Sales activity has been limited, with only 8 houses and 1 unit sold in the past 12 months. Houses are selling relatively quickly, with a median of 36 days on the market, compared to 43 days for units, suggesting a slightly slower pace for unit sales.
The rental market in Brookwater has also seen notable changes, with house rents increasing by 6.9% and unit rents rising by 16.7% over the last 12 months. The average rent for houses is $850, while units command $800, reflecting strong rental demand in the area.
Median price - houses$1.56MPast 3 months
Median price - units$833KPast 3 months
Change in value - houses16.6%12 months
Change in value - units36.8%12 months
Houses sold8Past 3 months
Units sold1Past 3 months
Median DOM - houses36.5Past 12 months
Median DOM - units43Past 12 months
Average rent - houses$850Past 12 months
Average rent - units$800Past 12 months
Change in rent - houses6.9%Past 12 months
Change in rent - units16.7%Past 12 months
Brookwater demographics
Brookwater, located in Queensland, is a picturesque suburb known for its lush greenery and family-friendly environment. With a population of 2,902, it offers a serene lifestyle while being conveniently close to urban amenities. The median age of 38 suggests a mature community, with many residents likely to be established professionals and families. The suburb's high median household income of $3,637 per week reflects its affluent status, attracting those seeking a comfortable and upscale living experience.
Family life is a significant aspect of Brookwater, with 62.5% of households being couple families with children. This highlights the suburb's appeal to families who value a supportive community and access to quality education and recreational facilities. Additionally, 29% of households are couple families without children, indicating a mix of young couples and empty nesters who appreciate the suburb's peaceful ambiance.
Property ownership in Brookwater is predominantly mortgage-based, with 65.4% of homes owned with a mortgage. This suggests a community of committed homeowners investing in their future. Meanwhile, 19.7% of properties are owned outright, and only 14.9% are rented, underscoring the suburb's stability and long-term appeal. Brookwater's blend of natural beauty, family-oriented lifestyle, and strong community ties make it an attractive choice for those seeking a balanced and fulfilling life.
Brookwater infrastructure, key developments and investment opportunities
Brookwater is experiencing significant development that is likely to impact its property market. The suburb is part of the Greater Springfield Development, one of Australia's fastest-growing regions for luxury real estate. Centered around an award-winning Greg Norman-designed championship golf course, Brookwater offers a unique integrated golf community with luxury estates, attracting high-end buyers and potentially driving up property values.
The Brookwater Dress Circle development is creating an exclusive community with premium land packages, designer homes, and country club amenities. This master-planned community includes walking trails, parks, and scenic open spaces, enhancing the area's livability. With its proximity to Brisbane CBD (35 minutes) and the Gold Coast (under an hour), coupled with access to education, health, and lifestyle facilities in Greater Springfield, Brookwater is positioning itself as a desirable location for luxury living and investment.
Brookwater rental market trends
The rental market in Brookwater has experienced notable growth, with house rents increasing by 6.9% over the past year to $850 per week, while unit rents have surged 16.7% to $800 per week. This suburb's appeal is bolstered by its lush surroundings and proximity to amenities, making it an attractive option for both renters and investors seeking a vibrant community with strong rental demand.
Suburbs near Brookwater
Some popular suburbs near Brookwater include: