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Petrie Terrace suburb profile

Petrie Terrace is a compact inner-city suburb just west of the Brisbane CBD, centred on the short Petrie Terrace thoroughfare and the lively Caxton Street precinct. Its streets mix renovated Victorian-era terraces and workers' cottages with modest low-rise apartment buildings, creating an urban fringe feel that attracts professionals, students and people who want city living without being in the centre. The suburb offers a walkable day and night scene of cafes, pubs and small eateries, easy access to Roma Street station and parkland, and close links to the nearby sports and events precinct for weekend activity.

Petrie Terrace property market performance

Like many smaller suburbs, this area records relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values rose a solid 7.5% over the last 12 months. Over the past 3 months there were 2 houses sold and 1 unit sold, and houses sold in a median of 23 days over the last 12 months.

The rental market in Petrie Terrace saw house rents average $800 a week, up a solid 6.7% over the last 12 months, while unit rents averaged $465 a week, up a solid 9.4% over the last 12 months, so unit rents grew more strongly.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
7.5%N/A
Sold
Past 3 months
21
Median days on market
Past 12 months
23N/A
Average rent
Past 12 months
$800$465
Change in rent
Past 12 months
6.7%9.4%

5 year median price trend for houses and units

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Petrie Terrace demographics

With 1,168 residents and a median age of 31, Petrie Terrace has a typical household income of $2,401 a week, roughly $125,000 a year.

Household composition is dominated by couples: couple families without children are the largest group at 54.5%, and together with couple families with children (33.0%) they make up about 87.5% of families. One-parent families represent 10.7% and other families 1.7%.

Homes in Petrie Terrace are more often rented than owned: 56.6% of dwellings are rented, while owner-occupied homes total 43.4% (23.5% owned with a mortgage and 19.9% owned outright).

Suburbs near Petrie Terrace

Some popular suburbs near Petrie Terrace include:

  • Paddington: Character-filled suburb with tree-lined streets and boutique shopping.
  • Milton: Riverside feel with sporting grounds and established residential pockets.
  • Spring Hill: A historic inner-city suburb with older terraces and leafy streets.
  • South Brisbane: Art and cultural precinct with riverside promenades and parks.
  • Brisbane City: The city's CBD, high-rise core with shops, offices and transport hubs.

How does Petrie Terrace compare to nearby suburbs?

  • Median house prices: Petrie Terrace’s median house price is 30.0% lower than Paddington’s.
  • House price growth: Over the past 12 months, house prices in Petrie Terrace have grown 0.4% higher than in Paddington.
  • Selling speed for houses: Properties in Petrie Terrace are selling 25.8% faster than in Paddington.
  • House price growth: Over the past 12 months, house prices in Petrie Terrace have grown 24.6% higher than the average rate of growth across Brisbane.

Choose the right real estate agents in Petrie Terrace

There are 11 real estate agents in Petrie Terrace, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 64.7% of all sales in the past year.

Commission rates in Petrie Terrace typically range from 2% to 3%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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