Brisbane CitySuburb Profile

Brisbane City

The CBD is a triangular shaped area bounded by the Brisbane Rive to the east, south and west, and is divided by its Spring Hill neighbour in the north by Wickham Terrace.

Brisbane City is built on one of the original river exploration landing sites, and was settled as a convict colony in 1825. History documents Brisbane’s beginnings as one of the harshest penal settlements to which the worst of the convicts were sent. Today remnants of the early history are dotted amongst the skyscrapers, providing a mixed bag of architecture and backdrop for a vibrant city-life.

Market Data

Median House Price New Farm
Median House Price
Not Available
Median Mortgage Repayments
$2,000 / month
Home Ownership
36%
Type of Dwelling: House / Townhouse
0%
Median Unit Price
$500,000*
Median Unit Rent
$545 / week
Rented Properties
59.4%
Type of Dwelling: Apartment / Unit
75.2%

Median price for a 2 bedroom unit. House and Unit price based on sales from 1 Aug 2017 – 27 Aug 2018. Data supplied by RP Data Pty Ltd trading as CoreLogic. All other data supplied by ABS 2016 Census.

Demographics

Total Population
9,640
Average people per household
Average People / Household
2
Median Age
Median Age
29
Distance to CBD
0km
Median Personal Income
$708 / week
Sole Person Household
35%
Median Family Income
$2,181 / week
Family Households
47.2%
Data supplied by ABS 2016 Census.

Snapshot of Brisbane City

Nestled in a curve of the river, Brisbane’s urban jungle is softened by blue hues wrapping robustly around much of the precinct, coupled with the leafy greens of generously-proportioned park areas. Whilst once often likened to a big country town, Brisbane CBD has today come of age, emerging from the shadows of its southern cousins to stamp its own unique mark on the property map.

City-centre living is a relatively new development, but one which has capitalised on the amazing views of the river, and Moreton Bay or Mt Coot-tha beyond. A vibrant, music-centric hub has sprung up with a younger, multicultural crowd sharing the sights and sounds of impressive high-end shopping precincts, laneway bars and a mecca of eateries to please every type of gourmand.

High-rise living is the norm featuring upwardly mobile professionals lured by the perks of proximity to work and the cosmopolitan nightlife. While empty-nesters are also enjoying down-sized living in sleek new developments at premium sites on the doorstep of a burgeoning cultural expansion taking hold of the city and its immediate neighbours. The refurbishment of several commercial buildings into apartments in the ‘90s became the catalyst for growth, with new living arrangements also satisfying students attending the CBD’s Queensland University of Technology.

Residents are privy to a diverse set of experiences and entertainment within walking distance of home, and often happily capitalise on the ease of access to the Riverside Expressway which delivers them to the Sunshine and Gold Coast.

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