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Clayfield suburb profile

Clayfield is a prestigious suburb located approximately 7km north of Brisbane's CBD, known for its leafy streets and elegant homes. It offers a blend of historical charm and modern convenience, attracting families and professionals alike. The suburb is well-served by public transport, including train and bus services, providing easy access to the city and surrounding areas. Clayfield boasts a variety of amenities, including quality schools, boutique shopping, and dining options. Its proximity to the Brisbane Airport and major arterial roads adds to its appeal, making Clayfield a sought-after location for those seeking a refined suburban lifestyle.

Clayfield property market performance

Clayfield’s property market has shown varied performance over the past 12 months. House values have seen a modest increase of 2.5%, with the median house price reaching $2 million. In contrast, unit values have surged by 20.3%, bringing the median unit price to $657,500, indicating a strong demand for units in the area.

Sales activity has been robust, with 29 houses and 60 units sold in the past three months. Units are selling significantly faster than houses, with a median of just 10 days on the market compared to 28 days for houses, highlighting the high demand for units.

The rental market in Clayfield has seen a divergence over the last 12 months. While house rents have remained stable, unit rents have increased by 7.5%, reflecting a growing interest in rental units.

Median price - houses$1.98MPast 3 months

Median price - units$680KPast 3 months

Change in value - houses3.9%12 months

Change in value - units19.8%12 months

Houses sold34Past 3 months

Units sold55Past 3 months

Median DOM - houses28Past 12 months

Median DOM - units10Past 12 months

Average rent - houses$595Past 12 months

Average rent - units$548Past 12 months

Change in rent - houses-13.8%Past 12 months

Change in rent - units9.5%Past 12 months

Clayfield demographics

Clayfield, located in Brisbane's northern suburbs, is a well-established area known for its leafy streets and family-friendly atmosphere. With a population of 10,897 and a median age of 37, it attracts a mix of families, professionals, and retirees. The suburb's proximity to the city centre, coupled with its suburban charm, makes it a desirable location for those seeking a balance between urban convenience and a quieter lifestyle.

The housing landscape in Clayfield is diverse, with a significant portion of properties being owned outright (24.9%) or with a mortgage (31.2%). This indicates a stable community with a mix of long-term residents and new homeowners. Renting is also a popular option, with 43.9% of properties being rented, appealing to those who prefer flexibility or are new to the area.

Family life is a prominent feature of Clayfield, with 41.1% of households being couple families with children and 42.1% being couple families without children. The presence of quality schools, parks, and amenities supports a family-oriented lifestyle. Additionally, the suburb's median household income of $1,948 per week reflects a comfortable standard of living, attracting professionals and families who value both convenience and community.

Clayfield infrastructure, key developments and investment opportunities

Clayfield is undergoing several developments that may impact its property market. The suburb is set to benefit from the $5 billion Brisbane Metro project, with improved public transport connections enhancing accessibility. A new mixed-use development on Sandgate Road, including retail spaces and apartments, is expected to revitalize the local shopping precinct and potentially increase property values in the area.

The ongoing upgrades to local schools, including Clayfield College and St Rita's College, continue to attract families to the area. Additionally, the nearby Northshore Hamilton urban renewal project is progressing, which could have spillover effects on Clayfield's property market. These developments, combined with Clayfield's proximity to the CBD and airport, are likely to sustain strong demand for properties in this well-established suburb.

Clayfield rental market trends

The rental market in Clayfield has shown stability, with house rents remaining unchanged at $600 per week over the past year. In contrast, unit rents have experienced a 7.5% increase, reaching $538 per week. This suburb continues to attract renters with its convenient location and amenities, making it a desirable choice for those seeking a balanced lifestyle.

Suburbs near Clayfield

Some popular suburbs near Clayfield include:

Common questions about Clayfield

  • Is Clayfield a nice place to live?

    Clayfield is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience. Its charming, leafy streets and elegant homes create a picturesque setting that appeals to families and professionals seeking a refined lifestyle. The suburb's strong sense of community is evident in its family-friendly atmosphere, making it an ideal place for those looking to settle down and raise children. With quality schools and parks, Clayfield provides an environment where families can thrive, while the presence of boutique shopping and dining options adds a touch of sophistication to everyday living.

    One of Clayfield's standout features is its excellent connectivity. The suburb is well-served by public transport, including train and bus services, ensuring easy access to Brisbane's CBD and surrounding areas. This makes it a convenient choice for professionals who work in the city but prefer to live in a quieter, more relaxed environment. Additionally, Clayfield's proximity to the Brisbane Airport and major arterial roads enhances its appeal for frequent travelers and those who value accessibility.

    While Clayfield offers a high standard of living, there are some trade-offs to consider. The prestigious nature of the suburb means that property prices can be on the higher side, which might be a consideration for those on a tighter budget. However, the investment is often seen as worthwhile due to the suburb's stable community and ongoing developments that promise to enhance its livability further. Safety is generally not a major concern, contributing to the suburb's appeal for families and retirees alike.

    Overall, Clayfield is a charming and vibrant suburb that offers a balanced lifestyle with its mix of historical charm and modern amenities. Whether you're a family looking for a nurturing environment, a professional seeking convenience, or a retiree wanting a peaceful yet connected community, Clayfield is a wonderful place to call home.

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  • Is it expensive to live in Clayfield?

    Living in Clayfield can be quite expensive, especially when considering the housing market. The median house price in Clayfield is currently around $2,000,000, which is significantly higher than many other areas in Brisbane. If you're looking at units, the median price is more affordable at $657,500, but still reflects the suburb's desirability. Renting is somewhat more manageable, with houses averaging $600 per week and units at $538 per week.

    When comparing the average annual salary in Clayfield, which is about $94,000, to the cost of housing, it's clear that a significant portion of one's income would need to be allocated towards living expenses. The median total household income weekly is $1,948, which is relatively high, but the property prices suggest that living in Clayfield may require careful financial planning. In contrast, the average salary in Brisbane is generally lower, making Clayfield one of the more expensive suburbs to reside in.

    Overall, while Clayfield offers a charming lifestyle with its proximity to Brisbane's amenities and its leafy streets, the cost of living, particularly in terms of property prices, is on the higher side. If you're thinking of living in Clayfield, it's essential to consider whether your financial situation can accommodate the expenses associated with this attractive 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 Clayfield a good place to invest?

    Clayfield is showing promising signs as a suburb to consider for investment, particularly in the unit market. Over the past 12 months, the median unit value has surged by an impressive 20.3%, indicating strong demand and potential for capital growth. This is complemented by a 7.5% increase in rent for units, suggesting that rental demand is also on the rise, making it an attractive option for investors seeking rental income.

    While the median house value has seen a modest increase of 2.5%, the stability in house prices can appeal to those looking for a more secure, long-term investment. The rental market for houses has remained steady, with no change in rent over the past year, which might appeal to investors prioritizing stability over rapid growth.

    Overall, Clayfield offers a balanced investment opportunity. The significant growth in the unit market presents a compelling case for those looking to capitalize on rising property values and rental yields. Meanwhile, the steady house market provides a reliable option for those seeking long-term stability. With its proximity to key amenities and transport links, Clayfield remains a suburb worth considering for property investment.

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