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This week we are having a good look at the suburb of Woolloongabba in Brisbane and what is available for sale. As always, our goal is to act as your in-depth and independent eyes and ears (metaphorically) so you can make the best purchasing decision that is right for you. If you have your own thoughts on new apartments for sale in Woolloongabba, we would love to hear about. Simply use the comments section below.
Woolloongabba is just 2 km’s south-east of the Brisbane CBD and is connected to the city and surrounding suburbs by bus stations and train stations. It is separated from the CBD by the Brisbane River.
The M1 Freeway runs through/past Woolloongabba which is the major highway from Brisbane to the Gold Coast and then through to Sydney. Logan Road and Ipswich Road, two major suburb routes that each carry four lanes of traffic also run through the suburb. So it is extremely well serviced in terms of road access, but also very busy.
Public transport, in general, is excellent. With the major transit routes running through the suburb a bus stop to the city is never very far away. The Buranda train station is the only train stop in the suburb but the Park Road and Dutton Park Stations are nearby. If you’re going into the CBD by train, it should take around 15mins.
Surrounding suburbs include Coorparoo, East Brisbane and Highgate Hill – leading into West End. Woolloongabba is home to the Princess Alexandra Hospital, located on Ipswich road, conveniently next to Dutton Park station. The hospital is a major employment hub for the area and is also a teaching hospital. The Lady Cilento Children’s Hospital is also very close to the suburb, so all in all, it has excellent health services.
The other defining feature of Woolloongabba is The Gabba, one of Australia’s most iconic sporting venues. A cricket and AFL venue, it is popular and used in most months of the years.
According to a 2011 census, the population of Woolloongabba was 4,789 and the median age was 31 years, 6 years below the Australian median. Woolloongabba is a popular suburb for renters. According to CoreLogic, the proportion of people renting in the suburb has been increasing and it now sits at 59%. The demographic make-up of the suburb is consistent with renters and first-home buyers. The median age of people in Woolloongabba is 31 years and people aged between 25 and 34 constitute the largest age bracket in the area.
Woolloongabba has many apartment buildings, many of which have either suburban views, Gabba views or views through to the CBD. Woolloongabba is going through a major ‘renaissance’ as new development occurs throughout the suburb. Perhaps best described as a forgotten suburb in the past, Woolloongabba has long been overlooked for South Brisbane, West End and East Brisbane. The availability of some quite large industrial sites in Woolloongabba and the relatively lower cost of land have attracted a broad range of Developers to the area in the past 5 years, which has to lead to the current boom in new apartment buildings in the area.
The Woolloongabba area is highly appealing for property investors and first home buyers due to its close proximity to several employment hubs – the nearby hospitals and also Brisbane’s CBD. According to property research provider CoreLogic, the proportion of people renting in the suburb has been increasing and it now sits at 59%, which is an extremely high proportion of renters to owner occupiers for Brisbane suburbs. The demographic makeup of the suburb is consistent with a major concentration of renters and first-home buyers. The median age of people in Woolloongabba is 31 years and people aged between 25 and 34 constitute the largest age bracket in the area.
With many new apartments for sale in Woolloongabba to choose from, we’ve focused on three of the most popular.
The Duke apartments in Woolloongabba/Kangaroo Point is located on a busy section of Vulture Street, right opposite The Gabba stadium. Due to the suburb boundaries, this is technically classed as Kangaroo Point. There are 125 apartments available as one, two and three bedrooms and the prices start at $385,000. The Duke Apartments have two rooftop terraces – one of which is so you can look directly into The Gabba stadium to watch a game of cricket! Due to the apartment’s location, you have to expect that on game days, there will be crowds and spectators around the Woolloongabba area.
The Duke apartments are in a good location for public transport – with a bus interchange within a few minutes walking distance. Parking is limited – with the one and two bedroom apartments coming with one underground parking space and the three bed’s coming with two.
The Duke – Woolloongabba Apartments Overview
Sapphire Apartments are located on Carl Street in Woolloongabba (4102) and are 89 apartments over 12 levels. Featuring 40 x one (1) bedroom units, 47 x two (2) bedroom units and 2 x three (3) bedroom units. The Prices range from $355,000 to $863,000 and the developer is targeting the investor market. The Sapphire Apartments in Woolloongabba are within walking distance of Princess Alexandra Hospital, Buranda Shopping Centre, Buranda Train Station and the Buranda Bus Station. Sapphire Apartments in Woolloongabba are still under development and look to be completed in December 2017. This area of Woolloongabba is currently undergoing a significant period of transformation. So there will be a large amount of construction going on in the short term.
Sapphire Apartments – Woolloongabba Apartments Overview
Princess Regent Apartments are located on Regent Street in Woolloongabba, adjacent to the Pacific Motorway. Featuring two one (1) bedroom apartments and 76 x two (2) bedroom, two (2) bathroom apartments. The one (1) bedrooms start at $380,000 and two (2) bedrooms start at $439,000. It’s situated in an excellent location, particularly if you rely on public transport to get around. It’s within walking distance of Princess Alexandra Hospital, Buranda Shopping Centre, Buranda Train Station and the Buranda Bus Station. Being next to the Pacific Motorway and in a relatively high-density neighbourhood, there is a fair amount of noise. The developers have provided double glazed windows and glass doors on level three and above to minimise this.
Princess Regent Apartments – Woolloongabba Apartments Overview
If you’re looking to invest in a new off the plan apartment in Woolloongabba, it’s worth checking out neighbouring suburbs. Try these searches for apartments for sale in neighbouring suburbs.