All About Teneriffe, Brisbane, QLD, 4005

Teneriffe, a vibrant riverside suburb in Brisbane, QLD, boasts a dynamic housing market characterized by a blend of historical charm and modern luxury. Known for its iconic woolstores, Teneriffe offers a unique slice of Brisbane's architectural heritage with many of these former industrial buildings now transformed into upmarket apartments that appeal to professionals and young families. The housing market in Teneriffe is competitive, reflecting its desirability and the premium lifestyle it offers. Property prices in the area have historically remained robust, driven by its proximity to the Brisbane CBD, picturesque river views, and the scarcity of land for new developments. Demand is particularly high for the well-appointed apartment complexes that offer contemporary living spaces with amenities such as rooftop pools and gyms, further enhancing the appeal of this sought-after suburb.

Living in Teneriffe provides a blend of urban convenience and leisure-focused tranquility, making it an ideal locale for those seeking a balanced lifestyle. Residents enjoy easy access to an array of dining options, cafés, boutique shops, and the popular Teneriffe Riverwalk, which offers stunning views and a scenic route for walkers and cyclists. The community is vibrant, with a mix of long-term locals and newcomers attracted by the area's lively yet relaxed atmosphere. Public transportation is readily available, with bus and CityCat services making commuting to Brisbane's central business district and surrounding suburbs straightforward. Moreover, regular community events and farmers' markets contribute to a strong sense of community, making Teneriffe not just a place to live, but a place to thrive.

Teneriffe Real Estate Market Outlook

Thinking about buying in Teneriffe? Now could not be a better time, with 4880 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,176,000 with prices in this suburb ranging from $300,000 to $16,715,000. The aproximate distance to the coast is 11 Km.

Consistent high demand relative to supply is a key feature in Teneriffe driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Teneriffe are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Teneriffe classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Teneriffe requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!