Carindale market update: Should you buy now?

With street after street of impressively large modern homes, lots of green space and great urban planning that only comes with a newish suburb (think lots of great traffic control with cul-de-sacs), Carindale is one of the most sort after suburbs in Brisbane’s south. Only 10km’s from the CBD what was always a sold middle ring suburb is increasingly becoming an almost inner city suburb as Brisbane continues to expand far and wide.

With large homes, above average lot size and being within excellent school catchment zones, has always meant that the Carindale experiences strong demand for property. Having Westfield Carindale, one of Australia’s largest shopping centres, in the suburb also doesn’t hurt as well. With the Westfield Carindale shops, residents have access to over 400 shops, restaurants and entertainment options. This area is a popular location as a one-stop-shop, as residents can catch up with friends and do their shopping all at once. Outside of this though, Carindale has a growing cafe culture, with some of the best new coffee shops popping up around the suburb. The laid-back atmosphere of the suburb is another addition to the lifestyle that draws in many. And with the largest Greek community of any Queensland suburb, you know Carindale has some of the best restaurants for residents to enjoy and eat their way through.

Of course, if you’re looking for activities to do, there are quite a few options. The Pacific Golf Club is considered one of the more difficult courses in Queensland, but many amateur and professional golfers enjoy it for this reason. The Par 72 championship course regularly hosts events and other challenges, like a Par 3 Challenge or free lessons for girls. If you prefer swimming to golf, Carindale is also close to some of the best swimming (and, in the case of Aquatic Achievers Chandler Swim School, diving) schools in the area. If you feel like doing something completely different, check out the Pine Rivers Shooting Club, which is one of the best sport shooting clubs in Brisbane.

Residents in Carindale are predominantly owner occupiers, with less than 20% of residents renting. However, this is part of why the suburb is so loved by residents: with mostly owner-occupiers around, and a strong multi-generational ownership culture, strong bonds form between the residents. It isn’t uncommon of hearing about whole streets getting together to have a BBQ during summer, or to see large groups of children walking home from school together (and descending on one home to eat and play all afternoon).

Whilst median house prices in Carindale are relatively high compared to some neighbouring suburbs, this is a reflection of the increased competition for houses in the area. Property in Carindale is very tightly held with the average length of residence in the suburb at over 10 years — meaning new opportunities to move in don’t show up often. The median house price is $850,000, which, although higher than the Brisbane average of $673,000, is comparable to other in demand suburbs.

It’s currently a great time to buy in Carindale — if you can find a property for sale, that is. The Brisbane market is beginning to recover, and is showing a lot of price growth potential in the near future.. In a strongly-held suburbs such as Carindale, it is expected that price growth pressure will be felt soonest, so we expect to see significant growth in the near future.

Finding a new property in Carindale in not easy given the suburb was substantially built out in the 1980’s and 1990’s. Small pockets of new land still remain, but are few and far between.

Parc Carindale is a land development that allows buyers to either build their dream home of whatever design they come up with, or use the house and land packages available. The lots average 570 sqm in size, meaning there’s room to build a home to suit you: need extra rooms for a growing family? Easily done! Want something a bit smaller so you can have the epic garden you’ve been dreaming about? No sweat! The 14 lots in this boutique development back onto 1.595 hectares of green space, making them perfect for professionals and families. With lots starting from $499,000 and house and land packages from $879,000, Parc offers a rare opportunity to buy and build new in Carindale!

If you want to learn more about Parc Carindale, use the button below to read our full review of this project:

Written: 23 October 2019, Updated: 6 April 2020

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