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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 rising by 18% and unit values surging by 36.8%. The median house price has reached $1.41 million, while units have averaged $832,500, indicating strong demand across both property types.

Sales activity has been limited, with 12 houses and just 1 unit sold in the past 12 months. Houses are selling relatively quickly, with a median of 31 days on the market, compared to 43 days for units, suggesting a more competitive market for houses.

The rental market in Brookwater has also seen notable changes, with house rents increasing by 3.8% and unit rents rising by 15.2% over the last 12 months, reflecting a robust demand for rental properties, particularly units.

Median price - houses$1.56MPast 3 months

Median price - units$833KPast 3 months

Change in value - houses14.0%12 months

Change in value - units36.8%12 months

Houses sold11Past 3 months

Units sold1Past 3 months

Median DOM - houses30.5Past 12 months

Median DOM - units43Past 12 months

Average rent - houses$840Past 12 months

Average rent - units$473Past 12 months

Change in rent - houses2.4%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 shown varied growth, with house rents increasing by 3.8% over the past year to $830 per week, while unit rents have surged 15.2% to $462 per week. This dynamic growth, particularly in the unit sector, highlights Brookwater's appeal as a desirable location for renters and investors seeking promising returns in a well-connected suburb.

Suburbs near Brookwater

Some popular suburbs near Brookwater include:

Common questions about Brookwater

  • Is Brookwater a nice place to live?

    Brookwater is a delightful suburb that offers a harmonious blend of luxury and tranquility, making it a wonderful place to call home. Nestled within the Greater Springfield area, Brookwater is renowned for its lush landscapes and the prestigious Brookwater Golf Course, which serves as a centerpiece for the community. The suburb exudes a serene and peaceful vibe, ideal for families who appreciate a supportive and close-knit environment. With modern homes set amidst verdant surroundings, Brookwater provides a picturesque setting that is both inviting and relaxing.

    Families will find Brookwater particularly appealing due to its strong community focus and access to excellent amenities. The suburb boasts a range of shopping centers, schools, and recreational facilities, ensuring that all essential needs are met within a short distance. Safety is generally not a concern, and the suburb's family-friendly atmosphere is complemented by its well-maintained parks and walking trails, offering plenty of opportunities for outdoor activities and leisure.

    While Brookwater offers an upscale suburban experience, it does come with a few trade-offs. The luxurious lifestyle and proximity to the award-winning golf course can mean higher property prices, which may not suit everyone's budget. Additionally, while the suburb provides a peaceful retreat, those seeking vibrant nightlife or cultural activities might need to venture closer to Brisbane's CBD. However, the suburb's strategic location offers convenient access to both Brisbane and the Gold Coast, making it easy to enjoy the best of both worlds.

    Overall, Brookwater is a charming suburb that caters to families and individuals seeking a high-quality lifestyle amidst natural beauty and modern conveniences. Its combination of community spirit, excellent amenities, and serene environment makes it a desirable place to live for those who value a balanced and fulfilling life.

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  • Is it expensive to live in Brookwater?

    Living in Brookwater can be quite expensive, especially when you consider the property prices and rental costs. The current median house price in Brookwater is $1,412,000, which is significantly higher than many other areas. If you are looking to rent, the average rent for houses is $830 per week, and for units, it's $462 per week. These figures suggest that housing in Brookwater requires a substantial financial commitment.

    Comparing this to the average annual salary in Brisbane, which is around $73,000, it's clear that a considerable portion of one's income would need to be allocated to housing expenses in Brookwater. The median total household income in Brookwater is $3,637 per week, indicating that residents generally earn more than the average Brisbane salary, which might make the higher costs more manageable for those already living there.

    Overall, while Brookwater offers a desirable lifestyle with its beautiful surroundings and amenities, those considering living there should carefully evaluate their financial situation. The cost of living, particularly in terms of housing, is on the higher side compared to the average in nearby Brisbane, and it's important to ensure that your budget can accommodate these expenses.

    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 Brookwater a good place to invest?

    Brookwater is showing promising signs as a great place to invest, especially if you're looking at the real estate market. Over the past year, the suburb has experienced a significant increase in property values, with median house values rising by 18.0% and unit values soaring by an impressive 36.8%. This kind of growth indicates a strong demand for properties in the area, making it an attractive option for investors seeking capital appreciation.

    In addition to the rising property values, rental yields in Brookwater are also on the upswing. Rent for houses has increased by 3.8%, while units have seen a substantial 15.2% rise in rental prices over the last year. This suggests that the rental market is thriving, providing a solid opportunity for investors to generate steady rental income. The combination of strong capital growth and increasing rental returns makes Brookwater a compelling choice for those looking to invest in real estate.

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