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Woolloongabba

POSTAL CODE: QLD, 4102
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Homeowners and real estate investors betting on WOOLLOONGABBA, 4102 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 15.7%.

A steady increase in median property prices over a five-year period in the suburb translates to a -2.44% capital gain.

Property investors in WOOLLOONGABBA enjoyed capital gains of 15.7% 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 $1,400,000.

Profits due to an downward trend in home prices there averaged -0.81% per annum over a 3-year period.

Home owners selling their properties and realtors in WOOLLOONGABBA usually have to wait an average of 32 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $755 mark, reflecting a 2.8% increase in returns based on the current median price in WOOLLOONGABBA.

WOOLLOONGABBA, 4102 places 127th in Australia based on median property value growth during the quarter.

Surburb overview

Woolloongabba is an inner-southern suburb of Brisbane, Queensland, located approximately three kilometres south of the city's central business district. The suburb is renowned for housing the Brisbane Cricket Ground, commonly known as "The Gabba," a prominent sports venue. 

As per the 2021 census, Woolloongabba has a population of 8,687 residents. The suburb exhibits a diverse demographic profile, with a significant proportion of young professionals and students, attributed to its proximity to the CBD and educational institutions. 

Woolloongabba is well-serviced by public transport, including several bus routes that connect the suburb to Brisbane's CBD and surrounding areas. The suburb's strategic location and connectivity make it desirable for those seeking an urban lifestyle. 

The suburb offers a range of essential establishments, including shopping and dining options. The streets have boutique stores, eateries, and some of Brisbane’s renowned cafes and restaurants. Additionally, Woolloongabba is home to the Princess Alexandra Hospital, providing healthcare services to the community. 

Woolloongabba is home to the Brisbane Cricket Ground, more popularly known as "The Gabba. " The suburb’s crown jewel is also located here. Several parks and recreational facilities offer residents outdoor activities and leisure opportunities. 

As of recent reports, the median property price for houses in Woolloongabba is approximately $1,267,500, with an annual capital growth of 5.32%. Rental yields for houses are currently around 3.13%, with a median rent of $680 per week. The suburb has seen 1.40% growth in house prices over the past quarter and 5.32% over the past 12 months. 

Woolloongabba's combination of historical significance, cultural amenities, and proximity to the Brisbane CBD contributes to its appeal as a vibrant and desirable suburb within Brisbane. 

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