TeneriffeSuburb Profile

Teneriffe

The Teneriffe boundaries are marked by Doggett and Wyandra Street in the west, the Brisbane River in the north and east, and Kingsholme Street and Chester Street in the south.

Teneriffe enjoys a rich history – from a river-fronted elite suburb in the 1880’s, to a bustling centre of commerce in the early 1900’s thanks to a booming wool trade. The wharves of Teneriffe also played host as Australia’s largest submarine base during World War II.

Market Data

Median House Price New Farm
Median House Price
$2,550,000
Median Mortgage Repayments
$2,300 / month
Home Ownership
42.2%
Type of Dwelling: House / Townhouse
12.4%
Median Unit Price
$596,200
Median Unit Rent
$510 / week
Rented Properties
55.3%
Type of Dwelling: Apartment / Unit
87.3%

House and Unit price based on sales from 1 Jan 2017 – 22 Jan 2018. Data supplied by RP Data Pty Ltd trading as CoreLogic. All other data supplied by ABS 2016 Census.

Demographics

Total Population
5,335
Average people per household
Average People / Household
1.9
Median Age
Median Age
34
Distance to CBD
2.5km
Median Personal Income
$1,493 / week
Sole Person Household
33.1%
Median Family Income
$3,177 / week
Family Households
56.3%
Data supplied by ABS 2016 Census.

Snapshot of Teneriffe

Shedding its humble industrial past, Teneriffe has quickly reinvented itself as Brisbane’s ultimate hipster hub. The old brick Woolstore warehouses have been respectfully repurposed into an eclectic enclave of New York loft-style apartments, quirky commercial spaces, yoga retreats, fitness dens and boutique bars. The vibrancy of the revamped suburb has the rest of Brisbane sitting up and taking notice – the stunning river views paired with the unique character, architecture and heritage of the locale have definitely received the smashed-avo stamp of approval.

A densely populated suburb dominated by chic apartment living, Teneriffe demonstrates good things definitely do come in small packages. Residential and commercial operate side-by-side in this upscale, high-rise neighbourhood, with locals enjoying the buzz of inner-city luxury living. The close proximity to the CBD presents a healthy lure to young professionals who value social substance over property size. While on the elevated fringes of Teneriffe you’ll still find older, often renovated, Queenslanders and worker’s cottages.

By day Teneriffe is host to a thriving commercial scene – antique stores, organic grocers, offbeat cafes, showrooms and a plethora of services housed by the banks of the river. A generally health-conscious set, locals are avid users of the Teneriffe River Walk and generously support the many yoga, pilates and fitness services on offer. Just a green smoothie away is the recently completed Gasworks precinct and neighbouring New Farm, with all its shopping and entertainment goodness. After-dark Teneriffe really shines with craft breweries, bars and restaurants taking centre stage amongst tree-lined, fairy-light parades stalked by stylists and socialites.

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