Kangaroo Point is an inner-city suburb of Brisbane, located just across the other side of the river to the CBD. Bordered by East Brisbane, South Brisbane and Woolloongabba, the area is very popular with professionals as well as families. With 7,000 people calling this rather small (1.3 square kilometre) suburb home, it’s no surprise that Kangaroo Point has one of Brisbane’s highest proportions of residents living in apartments, at 78.8%. With so much to come in terms of connectivity and globally-significant development in the next few years, it’s about time Brisbanites all turn their eyes and ears to Kangaroo Point.
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KEY STATISTICS FOR KANGAROO POINT
Median apartment price
$503,000
Median apartment rental value
$908,000
Transport
Buses, CityHopper and as of 2024, Cross River Rail.
Things we love…
The BBQ areas in front of the Kangaroo Point Cliffs make for the perfect riverfront picnic spot.
Views from riverfront properties in Kangaroo Point are some of the best in Brisbane, with uninterrupted views over the entire CBD.
Come Riverfire time, the best views are directly from the balconies of all waterfront properties in Kangaroo Point.
But remember that…
From the northside, Kangaroo Point can only be accessed from the Story Bridge or the M3 Riverside expressway, both of which get fairly congested during peak hour.
There is currently no train station at Kangaroo Point.
The Gabba sits just off Main Street on Kangaroo Point, so the surrounding roads can become very busy on game days.
Location & Transport
Located just 2km from the CBD, Kangaroo Point is one of the most idealistic suburbs in Brisbane, thanks to it’s proximity to the city, while still offering ample space for recreation, thanks to several parks and the cliffs. There are also quite a few local cafes, restaurants and bars that are worth checking out in the area, as well as the iconic Story Bridge Hotel, located just down the end of Main Street. The Gabba, one of Queensland’s premier sporting stadiums sits just off Main Street on Vulture Street, under 2km away from the majority of Kangaroo Point. Last year, the state government announced a multi-million dollar facelift, not just for the stadium, but the surrounding 6.5 hectare area.
Despite the lack of trains, Kangaroo Point is still fairly well connected to the city via public transport thanks to the South Eastern Busway, with buses running along Main Street and Shafstons Avenue. Several well-connected bike paths also run throughout the suburb, connecting Kangaroo Point to Woolloongabba and South Bank — whether you’re commuting to work, enjoying a Sunday afternoon cycle or a Lime scooter ride with a view, these bike paths are well worth checking out.
The Cross River Rail project, spearheaded by the State Government is set to transform transport to and around the Kangaroo Point area, although this isn’t expected to be operational until 2024 at the earliest.
Lifestyle
Kangaroo Point is known as the adventure capital of Queensland, thanks to the stunning Kangaroo Point cliffs and Story Bridge, both of which are great to climb. A sunset cocktail is also never far away thanks to Bar Spritz, which sits directly on top of the cliffs.
Because of the suburb’s proximity to the city and lifestyle offering so close by, Kangaroo Point’s population consists primarily of independent youth, at around 30% according to the latest census data, with an average age of 20 to 39 years old. A large proportion of the suburb area renting, with only 20% living in fully-owned properties and a further 20% currently paying off mortgages.
Education
Situated in a great spot for both families and young professionals, Kangaroo Point is close to some of the best schools in Brisbane, and provides easy access to the Queensland University of Technology as well as UQ and Griffith University. St Joseph’s Primary School sits just off Leopard Street, teaching grades 1–7. The closest public school to the area is East Brisbane State School, easily accessible within one to one and a half kilometres from the majority of the suburb.
Directly across the river from Kangaroo Point Lookout is QUT Gardens Point Campus, with the Kelvin Grove Campus only 10-minutes drive away too. UQ’s St Lucia Campus is under 20-minutes drive away, and Griffith in South Bank is walking distance away from the majority of the suburb.
Developments
Kangaroo Point is rapidly becoming one of the fastest growing suburbs in the inner-CBD area. With thanks to the Cross River Rail and Woolloongabba precinct redevelopment, this is expected to continue over the next decade, with price growth figures expected to reflect this. Currently under construction in the area is Lume, on Shaftston Avenue and Amira, on Waterloo Street. Construction on both these projects is scheduled to be complete in the second half of this year.
One of the most significant projects currently on the horizon in Brisbane (rumoured to be starting construction this year) is located right on the riverfront in Kangaroo Point. Banyan Tree Residences brings the global esteem of this internationally-recognisable brand to Brisbane shores, with apartments that are designed to feel like living in a 6-star hotel. Coupled with the outstanding riverside location, just above Kangaroo Point Cliffs Park, Banyan Tree residences is set to provide established professionals with a centrally located solace that feels like home and like a relaxing getaway at the same time.
The extremely spacious apartments are ideal for the discerning downsizer as well, with unique luxury design features such as curved walls and cabinetry.
