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Capalaba suburb profile

Capalaba is a bustling suburb located in the Redland City region, approximately 20km southeast of Brisbane's CBD. Known for its vibrant commercial precinct, Capalaba offers a range of shopping centres, dining options, and essential services, making it a central hub for the surrounding areas. The suburb is well-connected by public transport and major roads, providing easy access to Brisbane and the Gold Coast. Capalaba also boasts a variety of recreational facilities, including parks, sports complexes, and nature reserves, appealing to families and outdoor enthusiasts. Its blend of urban convenience and natural beauty makes Capalaba a desirable place to live and work.

Capalaba property market performance

Capalaba’s property market has shown robust growth over the past 12 months, with house values increasing by 13.7% and unit values surging by 18.4%. The current median house price stands at $915,000, while units are at $595,000, indicating strong demand across both property types.

Sales activity has been active, with 58 houses and 16 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 12 days on the market and units 13 days, reflecting high buyer interest.

The rental market in Capalaba has also experienced growth, with average rents for houses increasing by 4.8% and units by 5.8% over the last 12 months. This suggests a healthy demand for rental properties in the area.

Median price - houses$915KPast 3 months

Median price - units$595KPast 3 months

Change in value - houses13.7%12 months

Change in value - units18.4%12 months

Houses sold58Past 3 months

Units sold16Past 3 months

Median DOM - houses12Past 12 months

Median DOM - units13Past 12 months

Average rent - houses$650Past 12 months

Average rent - units$550Past 12 months

Change in rent - houses4.8%Past 12 months

Change in rent - units5.8%Past 12 months

Capalaba demographics

Capalaba, located in the Redland City region of Queensland, is a suburb that offers a blend of suburban comfort and accessibility to urban amenities. With a population of 18,002, it is a community that balances family life with convenience. The median age of 39 suggests a mature community, with many residents likely to be established in their careers and family lives. This is reflected in the high percentage of couple families with children, which make up 42.1% of the population, indicating that Capalaba is a family-friendly suburb.

The suburb's housing market is characterized by a significant proportion of home ownership, with 30.5% of properties owned outright and 43.1% owned with a mortgage. This suggests a stable community with a strong sense of home ownership. Renting is less common, with only 26.4% of properties being rented, which may appeal to those looking for long-term residency and investment in the area. The median total household income of $1,747 per week reflects a comfortable standard of living, supporting the needs of its diverse family structures.

Capalaba's community is diverse, with 38.5% of couple families having no children, and 18.2% of families being one-parent households. This diversity is complemented by the suburb's amenities, including shopping centers, parks, and schools, making it an attractive location for families and individuals alike. The suburb's proximity to Brisbane also offers residents the advantage of city access while enjoying the benefits of suburban life. Overall, Capalaba is a well-rounded suburb that caters to a variety of lifestyles, making it a desirable place to live for many Australians.

Capalaba infrastructure, key developments and investment opportunities

Capalaba is experiencing several developments that could impact its property market. The ongoing redevelopment of Capalaba Central Shopping Centre aims to modernize the retail precinct, potentially increasing foot traffic and enhancing the suburb's appeal. Additionally, the planned Eastern Busway extension to Capalaba is set to improve public transport connectivity, which could boost property values along the route.

The suburb's proximity to the Redlands IndigiScapes Centre, an environmental education facility, continues to be a draw for nature enthusiasts and families. Recent upgrades to local parks and recreational facilities, including the Capalaba Regional Park, are enhancing livability. These improvements, combined with Capalaba's established schools and growing commercial sector, are likely to sustain strong demand for properties in the area, particularly among families and professionals seeking a balance between urban amenities and a suburban lifestyle.

Capalaba rental market trends

The rental market in Capalaba has experienced moderate growth, with house rents increasing by 4.8% over the past year to $650 per week, while unit rents have risen by 5.8% to $550 per week. This steady growth reflects the suburb's appeal, offering a balanced lifestyle with access to essential amenities and a strong community atmosphere.

Suburbs near Capalaba

Some popular suburbs near Capalaba include:

  • Alexandra Hills: Known for its family-friendly atmosphere and numerous parks, Alexandra Hills is located directly east of Capalaba.
  • Birkdale: Offering a mix of coastal living and suburban charm, Birkdale is situated to the northeast of Capalaba.
  • Wakerley: Known for its modern homes and proximity to natural reserves, Wakerley lies to the northwest of Capalaba.
  • Manly West: Featuring a blend of residential and recreational spaces, Manly West is located to the north of Capalaba.
  • Wellington Point: Known for its scenic coastal views and relaxed lifestyle, Wellington Point is situated to the east of Capalaba.

Common questions about Capalaba

  • Is Capalaba a nice place to live?

    Capalaba is a delightful suburb that offers a wonderful blend of suburban tranquility and urban convenience, making it a fantastic place to call home. With its charming atmosphere, Capalaba is known for its welcoming community and family-friendly vibe. The suburb is surrounded by lush parks and nature reserves, providing ample opportunities for outdoor activities and relaxation, which is perfect for families and nature lovers. The local community is vibrant and diverse, contributing to a lively yet peaceful environment.

    Living in Capalaba means having easy access to a variety of amenities, including shopping centres, cafes, and restaurants, ensuring that residents have everything they need within reach. The suburb's proximity to Brisbane and the Gold Coast, coupled with excellent public transport options, makes commuting a breeze for professionals. Safety is generally not a concern, and the suburb's well-maintained recreational facilities add to its appeal, offering plenty of options for leisure and family outings.

    For families, Capalaba is particularly attractive due to its established schools and community-oriented lifestyle. However, one trade-off might be the bustling nature of its commercial precinct, which can lead to increased traffic during peak times. Despite this, the suburb's ongoing developments, such as the modernization of shopping centres and improved transport links, promise to enhance its livability further. Overall, Capalaba is a charming suburb that provides a balanced lifestyle, making it a lovely place to live for families and individuals seeking both comfort and convenience.

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  • Is it expensive to live in Capalaba?

    Living in Capalaba can be considered moderately expensive, especially when compared to the average earnings in the area. The median house price in Capalaba is currently $890,500, while the median unit price is $610,000. These figures reflect the suburb's appeal, with its proximity to Brisbane and a family-friendly environment. For those renting, the average rent for houses is $650 per week, and for units, it's $552 per week.

    The average weekly wage in Capalaba is $1,792, translating to an annual salary of about $93,000 before taxes. In comparison, the average weekly household income is slightly lower at $1,747. This indicates that while the wages are relatively high, the cost of housing—whether buying or renting—can take up a significant portion of one's income. Therefore, if you are thinking of living in Capalaba, it's important to consider these costs and ensure your budget aligns with the expenses associated with residing in this suburb.

    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 Capalaba a good place to invest?

    Capalaba is showing promising signs as a solid investment suburb, with impressive growth in both house and unit values over the past year. The median house value has increased by 13.7%, while units have seen an even more significant rise of 18.4%. This indicates a strong demand for properties in the area, making it an attractive option for investors looking for capital growth.

    In addition to property value increases, rental yields in Capalaba are also on the rise. House rents have grown by 4.8%, and unit rents have surged by 8.3% over the last 12 months. This suggests a healthy rental market, which is appealing for investors seeking reliable rental income. The combination of rising property values and rental returns makes Capalaba a suburb worth considering for those looking to invest in real estate.

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