All About Petrie Terrace, Brisbane, QLD, 4000

Petrie Terrace, a historic suburb nestled just on the edge of Brisbane’s bustling central business district, boasts a lively housing market characterized by charming heritage listings and cozy, modern apartments. This area is particularly appealing to professionals and young families due to its proximity to the city center and vibrant local culture. In recent years, property prices have seen a steady increase, reflecting the suburb's growing popularity. Many of the homes here are traditional Queenslanders and workers' cottages, offering a unique architectural charm that draws a lot of interest from buyers looking for character-rich properties. Additionally, the area offers diverse rental opportunities, making it attractive to those looking to enjoy the inner-city lifestyle without committing to a purchase.

Living in Petrie Terrace offers a blend of urban convenience and a strong sense of community, making it a sought-after place to reside. The suburb frequently buzzes with cultural vibrancy stemming from its close proximity to entertainment hubs and dining precincts like Caxton Street and The Barracks. Residents enjoy easy access to public transport, schools, and picturesque parks, enhancing the area's appeal for families and individuals alike. The community is rich in history, evident in the preserved architecture and local museums, fostering a sense of nostalgia and belonging. Whether you're spending a weekend exploring the local cafes, parks, and theatres or commuting for work, Petrie Terrace provides a well-rounded urban living experience without straying far from the softer touches of nature and history.

Petrie Terrace Real Estate Market Outlook

Thinking about buying in Petrie Terrace? Now could not be a better time, with 1073 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,390,000 with prices in this suburb ranging from $202,000 to $4,490,000. The aproximate distance to the coast is 13 Km.

Consistent high demand relative to supply is a key feature in Petrie Terrace driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Petrie Terrace are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Petrie Terrace 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 Petrie Terrace 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!