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Drewvale suburb profile

Drewvale is a peaceful suburb located in the southern part of Brisbane, Queensland, offering a suburban lifestyle with a touch of rural charm. Known for its spacious properties and family-friendly environment, Drewvale attracts those seeking a quieter pace of life while still being within reach of city amenities. The suburb is characterized by modern homes, well-maintained parks, and a strong sense of community. Its proximity to major roads and public transport options ensures convenient access to Brisbane's CBD and surrounding areas. Drewvale's blend of tranquility and accessibility makes it an appealing choice for families and professionals alike.

Drewvale property market performance

Drewvale's property market has shown modest growth over the past 12 months, with house values increasing by 1.2%. The current median house price stands at approximately $1.15 million. There is no data available for units, indicating a lack of unit sales in the area.

In terms of sales activity, 12 houses were sold in the past year, with houses spending a median of 40 days on the market, suggesting a steady demand for houses. The absence of unit sales highlights a focus on the housing market in Drewvale.

The rental market for houses has seen a slight increase, with average rent rising by 1.0% to $700 over the last 12 months. The unit rental market remains inactive, reflecting the overall trend in Drewvale's property landscape.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-1.4%N/A
Sold
Past 3 months
5N/A
Median days on market
Past 12 months
42N/A
Average rent
Past 12 months
$720N/A
Change in rent
Past 12 months
3.2%N/A

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Drewvale demographics

Drewvale, located in the southern suburbs of Brisbane, is a family-friendly area known for its peaceful residential environment and community-oriented lifestyle. With a population of 4,779 and a median age of 35, Drewvale is home to many young families and professionals who appreciate its suburban charm and proximity to the city. The suburb's median total household income of $2,243 per week reflects a relatively affluent community, with many residents employed in stable, well-paying jobs.

The family-centric nature of Drewvale is evident, with 62% of households being couple families with children, highlighting its appeal to those seeking a nurturing environment to raise a family. Additionally, 23.5% of households are couple families without children, and 13.8% are one-parent families, indicating a diverse range of family structures within the community. The suburb's quiet streets and ample green spaces make it an ideal location for families looking for a safe and supportive neighborhood.

In terms of property ownership, Drewvale has a high rate of homeownership, with 60% of properties owned with a mortgage and 18.7% owned outright. This suggests a stable housing market with a strong sense of community investment. Only 21.3% of properties are rented, which is relatively low compared to more transient urban areas, further emphasizing the suburb's appeal to long-term residents. Drewvale's blend of family-friendly amenities, community spirit, and convenient access to Brisbane's amenities makes it a desirable place to live for those seeking a balanced suburban lifestyle.

Drewvale infrastructure, key developments and investment opportunities

Drewvale is seeing steady residential growth due to its strategic position near the intersection of major motorways and proximity to established retail centres, enhancing both connectivity and convenience for residents. While there are no recent major infrastructure projects or significant new redevelopments announced, the area benefits from access to nearby schools, green spaces, and shopping amenities, contributing to sustained demand and a family-friendly reputation.

Ongoing improvements to public transport routes in surrounding suburbs and continued residential appeal are likely to support property values in Drewvale. No substantial council planning changes or large-scale infrastructure investments have been reported at this time that would directly impact the local market. Drewvale’s desirability remains underpinned by easy access to transport, schools, and recreational amenities rather than recent redevelopment activity.

Drewvale rental market trends

The rental market in Drewvale has experienced modest growth, with house rents increasing by 1.0% over the past year to $700 per week. There is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Drewvale remains a stable choice for renters seeking house accommodations in a suburban setting.

Suburbs near Drewvale

Some popular suburbs near Drewvale include:

Common questions about Drewvale

  • Is Drewvale a nice place to live?

    Drewvale is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the southern part of Brisbane, Drewvale is known for its charming suburban lifestyle, complemented by a touch of rural allure. The suburb is characterized by its modern homes and well-maintained parks, creating a picturesque setting for families and professionals alike. With a strong sense of community, Drewvale is a place where neighbors know each other, and families can thrive in a supportive atmosphere.

    One of the standout features of Drewvale is its convenient proximity to major roads and public transport options, ensuring easy access to Brisbane's CBD and surrounding areas. This connectivity makes it an appealing choice for those who work in the city but prefer the tranquility of suburban living. The suburb is also home to a variety of amenities, including shopping centers, cafes, and recreational spaces, providing residents with everything they need close to home.

    For families, Drewvale offers a nurturing environment with its quiet streets and ample green spaces, perfect for children to play and explore. The suburb's safety and community-oriented lifestyle make it an ideal location for raising a family. However, it's worth noting that while Drewvale provides a peaceful retreat from the hustle and bustle of city life, it may not offer the same level of nightlife or cultural activities found in more urban areas. This trade-off is often welcomed by those seeking a quieter, more relaxed pace of life.

    Overall, Drewvale is a fantastic choice for families and professionals looking for a balanced suburban lifestyle. Its blend of tranquility, accessibility, and community spirit makes it a desirable place to live, offering the best of both worlds for those who appreciate a peaceful yet connected environment.

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  • Is it expensive to live in Drewvale?

    Living in Drewvale can be seen as quite expensive, especially when taking into account the current property market. The median house price in Drewvale is around $1,153,000, which is significantly higher than the average house prices in many other areas of Queensland. With no units available, those looking to buy have limited options, and the high house prices reflect the demand and desirability of the suburb.

    When it comes to renting, the average weekly rent for houses is approximately $700. This rental price is relatively high and would take a considerable portion of the average household income. Considering the median total household income in Drewvale is about $2,243 per week, a large chunk of earnings would go towards housing costs, whether buying or renting.

    Comparatively, the average annual wage in Queensland is around $79,000. Given this figure, living in Drewvale would require careful financial planning, as the housing costs are above average for the state. While Drewvale offers a pleasant suburban lifestyle, the financial commitment required to live there is substantial, making it a more expensive option compared to other areas in Queensland.

    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 Drewvale a good place to invest?

    Drewvale presents a stable investment opportunity, particularly for those seeking steady, long-term growth. Over the past year, the suburb has experienced a modest increase in median house values by 1.2%, while unit values have remained stable. This indicates a consistent market that may not offer rapid gains but provides a reliable environment for property investment.

    The rental market in Drewvale has also shown slight growth, with house rents increasing by 1.0% over the last 12 months. Although unit rents have not changed, the overall stability in rental prices suggests a dependable demand for rental properties. This can be appealing for investors looking for consistent rental income.

    While Drewvale may not be the hotspot for quick capital growth, its steady property values and rental market make it a low-risk choice for investors. The suburb's family-friendly atmosphere and community appeal contribute to its desirability, ensuring a stable demand for housing. For those prioritizing long-term security over short-term gains, Drewvale offers a solid investment opportunity.

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