Strong Fundamentals Drive Double-Digit Growth in Jindalee Property Market

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

Jindalee Property Market Triples Its Growth in 12 Months

Lifestyle changes and migration from interstate or overseas have driven house prices in Brisbane to record-high numbers, with the property market in Jindalee tripling its growth from 7.11 percent to 21.4 percent within the 12-month period from July 2020 to June 2021.



Latest data from Property Market Updates shows that Jindalee’s median house price increased from $640,000 to $784,000 in 12 months, with the highest sale closing at $1.68 million.

Prior to the pandemic, Jindalee’s median house price was at $587,500 (July 2018 to June 2019) and $597,500 (July 2019 to June 2020).


Highlights

  • The Jindalee property market posted a 21.4 percent growth from July 2020 to June 2021.
  • The median house price increased from $640,000 to $784,000. The median unit price went from $505,250 to $567,500 for the same period.
  • Three Jindalee houses sold above the $1-million mark from April to July 2021. 

About 105 properties were sold in the first quarter and 28 in the second quarter, as house listings stayed on the market for 25 to 31 days. Inventory in the $580,000 to $940,000 range moved faster, spending an average of 19 days on the market.  

Unit Price Growth 

Meanwhile, unit sales in Jindalee exhibited a 12.32 percent growth in the 12-month period ending June 2021. The median price for units was at $567,500 in June 2021, up from $505,250 in June 2020. Some 10 units were sold during the same period, with the highest sale closing at $735,000.



Steady Rise After the 2011 Floods

Brisbane River in flood at Jindalee at the Centenary Bridge, 2011
Photo Credit: Flickr/Martin Shaw

The years since the devastation wrought by the 2011 floods have seen Jindalee recover steadily.

Just two years after the floods, house prices in the suburb started to rise, a trend that hasn’t stopped despite the coronavirus pandemic.  

An investment opportunity after the 2011 floods.
Photo Credit: https://cshsoc.org.au/2011-flood/#jp-carousel-1817

Although prices dropped by as much as 10 percent for houses with severe flood damage, many savvy and educated buyers saw an opportunity for investment, backing up their purchases with insurance premiums to cover their risk.  

Kooringal Rd & Burrendah Rd during the 2011 floods.
Photo Credit: Geoff Shera
Kooringal Rd & Burrendah Rd, February 2021.
Photo Credit: Google Maps

Jindalee’s steady recovery is a strong indication of continued buyer confidence in the suburb’s liveability.

About Jindalee

Statistics from Experian Australia show that older couples and families make up the largest percentage of people living in Jindalee. The suburb is also slowly attracting a throng of professionals who want to set their roots in a place with plenty of parklands, dog off-leash areas, public swimming pools, and a very long bikeway, all for less the cost it would take to buy a house or unit in Paddington or Indooroopilly.

Photo Credit: Facebook/Jindalee Neighbourhood Watch

Though lacking in bars or nightlife, Jindalee has a growing cafe culture for professionals and adults, as well as a good number of good primary and secondary schools. A reliable Neighbourhood Watch group also helps keep the community safe.

Photo Credit: DFO Jindalee

The boat ramp and the shopping centres are popular neighbourhood hubs, along with the newly-opened DFO Jindalee within the Reading Cinemas complex.