Pullenvale

POSTAL CODE: QLD, 4069
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 15% capital gain.

Property investors in PULLENVALE enjoyed capital gains of 8.06% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,300,000.

Profits due to an upward trend in home prices there averaged 5% per annum over a 3-year period.

Home owners selling their properties and realtors in PULLENVALE usually have to wait an average of 61.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $1025 mark, reflecting a 2.32% increase in returns based on the current median price in PULLENVALE.

PULLENVALE, 4069 places 536th in Australia based on median property value growth during the quarter.

Surburb overview

Pullenvale, QLD 4069, is a spacious and picturesque rural residential suburb located approximately 19.3 kilometres southwest of Brisbane's central business district. It is known for its large acreage properties, scenic bushland, and tranquil lifestyle, making it an attractive location for families, retirees, and nature enthusiasts. The suburb has a population of around 3,179 people, with an average age of 42.

Most of Pullenvale's housing consists of separate houses owned by couples with children. The median house price is approximately $2,200,000, and the median rent is around $1,000 per week, reflecting the area's high-end property market. The suburb's zoning is mainly Rural Residential (46.33%) and Environmental Management (36.7%), which helps preserve its low-density, green character.

Pullenvale is ideal for those who appreciate a peaceful environment while remaining connected to essential amenities. The suburb has limited public transportation options, with most residents relying on cars for commuting. There are some bus services, and nearby shopping centres are easily accessible in surrounding suburbs like Kenmore and Bellbowrie. Pullenvale is also home to the well-regarded Pullenvale State School and offers easy access to several private school bus routes.

Overall, Pullenvale is favoured for its combination of rural charm and proximity to the city, offering a quiet lifestyle with beautiful surroundings.

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