Browns Plains suburb profile
Browns Plains is a bustling suburb located in Logan City, approximately 24km south of Brisbane's CBD. Known for its strong retail presence, the suburb is home to the Grand Plaza Shopping Centre, offering a wide range of shops, dining options, and entertainment facilities. Browns Plains is well-connected by major roads and public transport, making it a convenient location for commuters. The suburb features a mix of residential properties, including family homes and modern townhouses, catering to diverse lifestyles. With its community amenities, parks, and schools, Browns Plains is a popular choice for families and individuals seeking a balanced suburban lifestyle.
Browns Plains property market performance
Current median dwelling price$742,500Past 3 months
Property growth+29.5%Past 12 months
Browns Plains has experienced significant growth in its property market over the past 12 months. House values have surged by 17.1%, with the median house price reaching $731,500. Units have seen an even more impressive increase of 31.7%, bringing the median unit price to $522,500. This reflects a strong demand for both property types in the area.
Sales activity has been robust, with 30 houses and 4 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 13 days on the market and units 12 days, indicating a competitive market environment.
The rental market in Browns Plains has also seen upward trends, with house rents increasing by 3.8% and unit rents by 6.2% over the last 12 months. The average rent for houses is now $550, while units average $515, highlighting a strong rental demand.
Houses | Units | |
---|---|---|
Median price Past 3 months | $855K | $630K |
Change in value Past 12 months | 14.6% | 44.3% |
Sold Past 3 months | 28 | 13 |
Median days on market Past 12 months | 32 | 21 |
Average rent Past 12 months | $550 | $535 |
Change in rent Past 12 months | 1.9% | 7.0% |
5 year median price trend for houses and units
Browns Plains demographics
Browns Plains, located in the Logan City area of Queensland, is a suburb that offers a blend of suburban comfort and accessibility. With a population of 6,632, it is a community that caters to a diverse range of residents, from families to young professionals. The median age of 34 suggests a youthful yet mature demographic, with many residents likely balancing work and family life. The suburb's median total household income of $1,390 per week reflects a community that is modestly affluent, providing a comfortable lifestyle for its inhabitants.
Family dynamics in Browns Plains are varied, with couple families with children making up 39.6% of the population, indicating a strong presence of young families. Additionally, 31.3% of families are couples without children, and 27% are one-parent families, showcasing the suburb's appeal to a wide range of family structures. This diversity is further complemented by a small percentage of other family types, contributing to the suburb's inclusive atmosphere.
When it comes to housing, Browns Plains offers a mix of ownership and rental opportunities. Approximately 19.6% of properties are owned outright, while 31.7% are owned with a mortgage, indicating a stable property market with opportunities for both new buyers and long-term residents. The rental market is also significant, with 48.6% of properties being rented, making it an attractive option for those seeking flexibility. This balance of ownership and rental properties ensures that Browns Plains remains a dynamic and accessible suburb for a variety of residents.
Browns Plains infrastructure, key developments and investment opportunities
Browns Plains is experiencing significant infrastructure upgrades that are likely to boost its appeal to homebuyers. The ongoing redevelopment of Grand Plaza Shopping Centre, set to conclude in 2025, will introduce new retail and entertainment options, potentially increasing property values in the surrounding area. Additionally, recent improvements to public transport, including enhanced bus services connecting to Brisbane CBD, have improved accessibility for commuters.
The suburb has also seen investment in education facilities, with local schools undergoing renovations and expansions to accommodate growing enrollment. These developments, combined with Browns Plains' affordable housing market and proximity to major highways, are expected to maintain strong demand for properties in the area. The local council's focus on creating more green spaces and community facilities further enhances the suburb's livability for families and young professionals.
Browns Plains rental market trends
The rental market in Browns Plains has experienced moderate growth, with house rents increasing by 3.8% over the past year to $550 per week, while unit rents have risen 6.2% to $515 per week. This steady growth reflects the suburb's appeal, offering a balance of affordability and convenience for both renters and investors.
Suburbs near Browns Plains
Some popular suburbs near Browns Plains include:
How does Browns Plains compare to nearby suburbs?
- Median house prices: Browns Plains’s median house price is 0.5% higher than Regents Park’s.
- House price growth: Over the past 12 months, house prices in Browns Plains have grown 4.5% higher than in Regents Park.
- Unit price growth: Over the past 12 months, unit prices in Browns Plains have grown 20.7% higher than in Hillcrest.
- Selling speed for houses: Properties in Browns Plains are selling 5.9% faster than in Regents Park.
- Selling speed for units: Properties in nearby Parkinson are selling 38.1% faster than in Browns Plains.
- Investment considerations: In Browns Plains, the rental yield for house is 17.9% lower than the Brisbane average, while the rental yield for units is 11.3% lower.
- House price growth: Over the past 12 months, house prices in Browns Plains have grown 28.4% lower than the average rate of growth across Brisbane.
- Unit price growth:Over the past 12 months, unit prices in Browns Plains have grown 1.8% lower than the average rate of growth for units across Brisbane.