Strong Fundamentals Drive Double-Digit Growth in Jindalee Property Market

Photo Credit: Google Maps

Jindalee house prices continue to climb, with the median increasing by double-digit percentages for the period covering October 2020 to September 2021, as strong fundamentals and interstate migration continue to drive the property market boom in suburbs all across the River City.


Highlights

  • Jindalee’s property market climbed by 13.27 per cent from October 2020 to September 2021 compared to the same period in the previous year.
  • The median house price has risen to $700,000 from $618,000 with most market listings racking up sales after 28 days in the market. 
  • 105 houses sold for this period with most buyers opting for three-bedroom homes in a tightly-held market.

House Price Growth

For the 12-month period ending September 2021, Jindalee experienced a 13.27 per cent growth compared to last year, with the median house price pegged at $700,000, per figures from Property Market Updates. Interest in the market has been brisk with house listings staying at an average of 28 days on market. 

More buyers are discovering that they’re getting their money’s worth by investing in properties on Brisbane’s western corridor, where the houses stand on bigger blocks of land for a more affordable price compared to other locations, including the inner cities. 


Photo Credit: Property Market Updates

There were 105 properties sold from October 2020 to September 2021 with most buyers picking out three-bedroom properties (56), while eight five-bedroom houses with a median house price of $895,500 found new owners, who are mostly upsizers on to their second or third home. 



About Jindalee

The riverside suburb 15 kilometres southwest of Brisbane City is part of six new suburbs developed for the Centenary estates. Jindalee came from the aboriginal word that means “bare hills.” 

Due to its proximity to the Brisbane River, Jindalee has been through some of the worst floodings in Brisbane. Yet the suburb is still one of the most desirable residential locations for families who want their children to grow in a peaceful environment with the earth’s natural beauty as their main playground. 

Photo Credit: Google Maps

Because Jindalee is close to good and reputable schools, parents with school-aged kids prefer to live in this suburb as it’s nicely tucked within the catchment areas. Most families who buy a property here tend to stay longer thus competition among investors is tight. However, due to its uneven high and flat grounds, the houses in the low-lying areas are more at risk for flood damage. 

For recreation, dining and shopping, Jindalee has the revitalised DFO (Direct Factory Outlet) and the nine-hole Jindalee Golf Club where many community events take place.



“Very accessible to both schools for my kids, has very good shops and has many sports clubs for all the different sports my kids have wanted to try out.”

jimb23

“You’ve got a very nice set of shops on the west, endless shopping on the east, and a very long bikeway/path for those inclined to exercise. It’s very safe as is evidenced by dry neighbourhood watch report that comes out quarterly and rarely reports anything apart from some low level break-ins with little stolen. There’s a police station, plenty of parkland, good cafes, restaurants, doctors, pharmacies, swimming pools, fuel stations, and of course the highway going north and south. Superb spot.”

Benpower

“This is without doubt the best suburb in Brisbane, considering I have rented and lived in ten + over the years. Just brilliant in so many ways.”

Mazta