Teneriffe

POSTAL CODE: QLD, 4005
HOUSE
UNIT

Figures from the previous quarter show that capital gains for real estate buyers in TENERIFFE are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $1325 based on current median home prices for the suburb.

On average, rents on listings have reached the $1325 mark, reflecting a 2.69% increase in returns based on the current median price in TENERIFFE.

TENERIFFE, 4005 ranks th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 669th on the list of best yielding suburbs for rental properties in QLD, posting a 2.69% return.

Surburb overview

Teneriffe, Queensland 4005, is an inner-city suburb located approximately 2.5 kilometres northeast of Brisbane’s central business district (CBD). Known for its blend of historical character and modern urban living, Teneriffe was once an industrial hub dominated by wool stores and factories. Many of these heritage buildings have been converted into stylish apartments, giving the suburb a unique mix of old and new.

The population of Teneriffe was 5,344 as of the 2016 census, with a predominant age group of 30-39 years. The suburb has a relatively high median household income of $2,470 per week, reflecting its affluent demographic. Many residents are professionals, and a significant portion hold a Bachelor’s degree or higher. Most of the population in Teneriffe were born in Australia and identified as having no religion.

Property values in Teneriffe have shown consistent growth, making it a desirable location for property investment. The median house price is approximately $4,075,000, while units are around $750,000. Rental properties are in high demand, with median weekly rents of $840 for houses and $750 for units. The rental yield is 2.43% for houses and 4.39% for units, making it a favourable area for investors.

Teneriffe is well-connected through multiple public transportation options, including the CityCat Ferry and various bus routes that link to Brisbane’s CBD and surrounding areas. The suburb also features dedicated cycling paths, making it a popular choice for eco-friendly commuters. Recreational options include the Teneriffe Riverwalk and numerous green spaces like Teneriffe Park. The suburb’s vibrant café culture, boutique shops, and fine dining options make it appealing as a dynamic yet relaxed community.

You’re out of free articles for this month
Loading form...