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Kangaroo Point suburb profile

Kangaroo Point is a picturesque riverside suburb located just across the Brisbane River from the CBD, known for its stunning views and outdoor lifestyle. The suburb is famous for the Kangaroo Point Cliffs, which offer rock climbing, abseiling, and scenic walking paths. Residents and visitors enjoy the Story Bridge Adventure Climb and the Riverwalk, providing easy access to the city and South Bank. With a mix of modern apartments and historic homes, Kangaroo Point attracts professionals and families seeking a vibrant urban environment. Its proximity to dining, entertainment, and cultural venues enhances its appeal as a desirable place to live.

Kangaroo Point property market performance

Current median dwelling price$1,282,500Past 3 months

Property growth+1.2%Past 12 months

Kangaroo Point's property market has shown a strong performance in the unit sector over the past 12 months, with unit values increasing by 12.3%, bringing the median unit price to $800,000. In contrast, the house market has seen no change in median value, with limited sales activity, as only 6 houses were sold over the past year.

Units have been in higher demand, with 86 units sold in the last 12 months and a median of 35 days on the market, indicating a relatively brisk pace of sales. The house market, however, has not seen significant movement, reflected in the absence of a median days on market figure.

The rental market in Kangaroo Point has experienced notable growth, with house rents increasing by 10.4% and unit rents by 7.4% over the past year. The average rent for houses is now $795, while units command an average of $730, highlighting a robust demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
N/A$800K
Change in value
Past 12 months
-9.9%12.3%
Sold
Past 3 months
686
Median days on market
Past 12 months
N/A35
Average rent
Past 12 months
$795$730
Change in rent
Past 12 months
10.4%7.4%

5 year median price trend for houses and units

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Kangaroo Point demographics

Kangaroo Point, located just across the Brisbane River from the CBD, is a vibrant suburb known for its stunning river views and proximity to the city. With a population of 9,689 and a median age of 36, it attracts a mix of young professionals, families, and retirees who appreciate its urban convenience and scenic beauty. The suburb's median household income of $2,058 per week reflects its appeal to those seeking a comfortable lifestyle close to the heart of Brisbane.

Housing in Kangaroo Point is predominantly rental-based, with 63.3% of properties being rented. This high rental rate highlights its popularity among those seeking flexible living arrangements, including students and professionals who value its proximity to the city and the vibrant lifestyle it offers. The suburb's family composition is diverse, with 19.7% of families being couples with children, while a significant 67.8% are couples without children, indicating a strong presence of young couples and professionals.

Kangaroo Point's unique blend of urban living and natural beauty, with its iconic cliffs and riverside parks, makes it a sought-after location for both residents and visitors. The suburb's mix of modern apartments and heritage homes caters to a wide range of preferences, while its proximity to the CBD, cultural attractions, and recreational facilities ensures a dynamic and fulfilling lifestyle for its residents.

Kangaroo Point infrastructure, key developments and investment opportunities

Kangaroo Point is undergoing several developments that may impact its property market. The Kangaroo Point Green Bridge, connecting the suburb directly to the CBD, is nearing completion and expected to enhance accessibility and property values. Several high-rise residential projects are also underway, including a 15-storey development on Lambert Street, which will increase housing supply and potentially attract new residents to the area.

The suburb's riverfront location continues to be a major draw, with ongoing enhancements to the Kangaroo Point Cliffs Park improving recreational amenities. Additionally, the revitalization of the Woolloongabba precinct for the 2032 Olympics, though not in Kangaroo Point itself, is expected to have positive spillover effects on neighboring areas. These developments collectively reinforce Kangaroo Point's position as a desirable inner-city suburb with strong potential for property value growth.

Kangaroo Point rental market trends

The rental market in Kangaroo Point is experiencing steady growth, with house rents increasing by 10.4% over the past year to $795 per week, while unit rents have risen 7.4% to $730 per week. This vibrant suburb, with its proximity to the Brisbane CBD and scenic river views, continues to attract both renters and investors seeking a dynamic urban lifestyle.

Suburbs near Kangaroo Point

Some popular suburbs near Kangaroo Point include:

  • East Brisbane: Known for its charming heritage homes and proximity to the Brisbane River, East Brisbane is located directly east of Kangaroo Point.
  • South Brisbane: Famous for its cultural precinct and vibrant nightlife, South Brisbane is situated to the west of Kangaroo Point.
  • Fortitude Valley: Renowned for its lively entertainment scene and eclectic mix of shops, Fortitude Valley lies to the north of Kangaroo Point.
  • Newstead: Known for its modern apartments and riverside lifestyle, Newstead is located to the north of Kangaroo Point.
  • Coorparoo: Featuring a blend of residential and commercial areas with a strong community feel, Coorparoo is situated to the southeast of Kangaroo Point.

How does Kangaroo Point compare to nearby suburbs?

  • Median house prices: Kangaroo Point’s median house price is 7.8% higher than East Brisbane’s.
  • Median unit prices: Kangaroo Point’s median unit price is 27.0% higher than East Brisbane’s.
  • House price growth: Property prices in nearby East Brisbane have risen 12.9% more than in Kangaroo Point over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Kangaroo Point have grown 3.4% higher than in East Brisbane.
  • Selling speed for units: Properties in Kangaroo Point are selling 44.4% faster than in Brisbane City.
  • Investment considerations: In Kangaroo Point, the rental yield for house is 17.8% higher than the Brisbane average, while the rental yield for units is 18.9% higher.
  • House price growth: Over the past 12 months, house prices in Kangaroo Point have grown 49.9% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Kangaroo Point have grown 12.1% higher than the average rate of growth for units across Brisbane.

Common questions about Kangaroo Point

  • Is Kangaroo Point a nice place to live?

    Kangaroo Point is a delightful suburb that offers a unique blend of urban convenience and natural beauty, making it a fantastic place to call home. Nestled along the Brisbane River, it provides residents with breathtaking views and an outdoor lifestyle that is hard to match. The suburb's vibrant atmosphere is complemented by its proximity to the CBD, making it an ideal choice for professionals and families who appreciate easy access to the city's amenities. With a variety of dining, entertainment, and cultural venues nearby, Kangaroo Point ensures that there is always something to do, whether it's enjoying a meal at a local restaurant or exploring the scenic Riverwalk.

    For families, Kangaroo Point offers a welcoming environment with a mix of modern apartments and charming historic homes, catering to diverse housing preferences. The suburb's safety and community feel make it a comfortable place for raising children, while the abundance of parks and green spaces provide ample opportunities for outdoor activities. However, living in such a desirable location does come with trade-offs. The popularity of Kangaroo Point means that housing can be competitive, and the predominantly rental-based market may not suit everyone looking for long-term homeownership.

    Despite these trade-offs, Kangaroo Point's vibrant urban vibe, combined with its stunning natural surroundings, makes it a highly sought-after suburb. The ongoing developments, such as the Kangaroo Point Green Bridge, promise to enhance connectivity and potentially boost property values, further solidifying its appeal. Whether you're a young professional seeking a lively urban lifestyle or a family looking for a community-oriented suburb with plenty of recreational options, Kangaroo Point offers a dynamic and fulfilling living experience.

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  • Is it expensive to live in Kangaroo Point?

    Kangaroo Point is known for its scenic views and proximity to Brisbane's city center, making it a desirable place to live. However, this desirability comes with a price tag. The median house price in Kangaroo Point is currently $1,310,000, while units are priced at a median of $733,500. These figures suggest a significant investment for those looking to buy property in the area.

    When it comes to renting, the average rent for houses is $688 per week, and for units, it's $680 per week. These rental prices are relatively high, reflecting the suburb's popularity and location. Comparing this to the average wage in Kangaroo Point, which is around $91,000 per year, the cost of housing can take up a substantial portion of one's income.

    In comparison to the average household income in Queensland, which is generally lower than Kangaroo Point's median weekly income of $2,058, living in this suburb can be expensive. If you are considering Kangaroo Point as your home, it's important to weigh these costs against the lifestyle benefits the area offers, such as its vibrant community and stunning river views.

    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 Kangaroo Point a good place to invest?

    Kangaroo Point is shaping up to be an attractive investment option, particularly for those interested in units. Over the past 12 months, the suburb has seen a significant 15.7% increase in median unit values, indicating strong demand and potential for capital growth. This surge in unit prices suggests that the area is becoming increasingly popular, likely due to its proximity to the Brisbane CBD and the appealing lifestyle it offers.

    While the median house values have also risen by 5.7%, the standout performance of units makes them a particularly compelling choice for investors. Additionally, the rental market for units has seen a 4.6% increase, which is promising for those looking to secure steady rental income. Although house rents have remained stable, the overall demand for housing in Kangaroo Point remains robust.

    Overall, Kangaroo Point presents a dynamic investment landscape, especially for units. The combination of strong capital growth and rising rental yields makes it a suburb worth considering for investors seeking both short-term gains and long-term stability. With its vibrant community and strategic location, Kangaroo Point is well-positioned to continue attracting interest from both renters and buyers alike.

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Choose the right real estate agents in Kangaroo Point

Choosing the right real estate agent in Kangaroo Point can have a big impact on your sale. While there are 124 real estate agents working in the suburb, but just 5 of them were responsible for 29.9% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.47% to 3.01%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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