Kangaroo Point Suburb Profile
Kangaroo Point is an inner southern suburb located approximately 3.8 kilometres southeast of Brisbane’s central business district. Renowned for its iconic landmarks, such as the Story Bridge and Kangaroo Point Cliffs, the suburb offers residents a vibrant urban lifestyle with scenic river views and abundant recreational opportunities. The area features a mix of high-rise apartments and traditional Queenslander homes, catering to a diverse community.
Introduction to the Suburb
Situated on a peninsula formed by the Brisbane River, Kangaroo Point is bordered by Fortitude Valley to the north, New Farm to the northeast and east, East Brisbane to the southeast, Woolloongabba to the south, South Brisbane to the southwest, and the Brisbane CBD to the west and northwest. The suburb’s unique geography provides residents with panoramic views of the city skyline and the river. The Story Bridge connects Kangaroo Point to the central business district and Fortitude Valley, while the Kangaroo Point Cliffs offer popular spots for rock climbing, abseiling, and picnics.
Demographics
Population:
9,689 residents.
Gender Distribution:
- Male: 50.7%
- Female: 49.3%
Median Age:
36 years, slightly below the national median of 38.
Income:
- Median weekly household income: $2,058
Cultural Diversity:
- Born in Australia: 59.3%
- Other common countries of birth:
- England: 4.4%
- New Zealand: 3.8%
- Colombia: 1.7%
Household Composition:
- Average household size: 1.8
- Families: 47.0%
- Single-person households: 40.4%
Employment:
- Common occupations:
- Professionals, Managers,
- Clerical and Administrative Workers,
- Technicians and Trades Workers
Real Estate Market
Kangaroo Point’s real estate market is dynamic, offering a variety of properties that cater to different preferences.
Median House Price:
Approximately $1,720,000, with an annual capital growth of 4.2%.
Median Unit Price:
Around $735,000, reflecting an annual growth of 13.1%.
Rental Market:
Houses: Median rent is $700 per week, yielding a rental return of 2.5%.
Units: Median rent is $700 per week, yielding a rental return of 4.8%.
The suburb’s proximity to the CBD, coupled with its appealing lifestyle amenities, contributes to strong demand and consistent property value growth.
Amenities and Facilities
Kangaroo Point offers a comprehensive range of amenities that enhance residents’ quality of life:
Education
- St Joseph’s Primary School, a Catholic primary institution, is located within the suburb.
- Proximity to tertiary institutions such as Shafston International College and the Queensland University of Technology’s Gardens Point campus.
Healthcare
- Access to nearby medical centers and hospitals, including the Mater Hospital and Princess Alexandra Hospital.
Shopping and Dining
- A variety of cafes, restaurants, and boutique shops along Main Street and surrounding areas.
- Close proximity to the Howard Smith Wharves precinct, offering modern dining and entertainment options with picturesque views of the Story Bridge.
Parks and Recreation
- Kangaroo Point Cliffs Park provides green spaces, walking tracks, and facilities for rock climbing and abseiling.
- Captain Burke Park offers playgrounds, picnic areas, and river views.
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Transport and Connectivity
Kangaroo Point is well-connected, offering multiple transport options for easy commuting within Brisbane and beyond:
- Public Transport:
- Regular bus services operate along Main Street and Shafston Avenue, providing direct access to the CBD and surrounding suburbs.
- Cross River and CityHopper ferry services operate from the Holman Street ferry wharf, connecting residents to various city locations.
- Road Access:
- The Story Bridge and Captain Cook Bridge facilitate quick access to the northern and southern suburbs, as well as the CBD.
- Cycling and Walking:
- Well-maintained cycling paths and pedestrian-friendly streets encourage active commuting and recreational activities.
Lifestyle and Community
Kangaroo Point offers a vibrant and active lifestyle, with a strong sense of community and numerous recreational opportunities:
- Community Events:
- Regular festivals, outdoor concerts, and markets in nearby South Bank and Howard Smith Wharves.
- Public outdoor fitness classes and yoga sessions along the riverfront.
- Safety:
- Kangaroo Point is considered a safe suburb, with active community engagement and surveillance measures in place.
- Future Developments:
- Upcoming infrastructure projects, including enhancements to the Kangaroo Point Green Bridge, are set to improve connectivity and liveability.
Notable Landmarks and Heritage
Kangaroo Point is home to several iconic landmarks that contribute to its character and appeal:
Story Bridge:
One of Brisbane’s most recognizable landmarks, offering pedestrian walkways and bridge climb experiences.
Kangaroo Point Cliffs:
A popular recreational area for rock climbing, abseiling, and scenic picnics.
The Cliffs Boardwalk:
A picturesque riverfront walk with stunning views of the city skyline.
St Mary's Anglican Church:
A heritage-listed church that adds historical charm to the suburb.
Why Invest in Kangaroo Point?
Kangaroo Point presents an excellent investment opportunity due to its high demand for rental properties, strong capital growth, and prime location.
- Premium Location: Close proximity to the Brisbane CBD and key entertainment precincts.
- Strong Rental Market: High rental yields due to demand from professionals, students, and long-term residents.
- Ongoing Infrastructure Projects: Enhancements to public transport and riverfront amenities continue to improve the suburb’s liveability.
- High-Value Property Market: Competitive property prices with long-term capital growth potential.
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Schedule a discovery call to find out how we can support you in your property journey as your trusted Brisbane Buyers Agent. Schedule your discovery call today and receive your exclusive suburb profile bonus!
Conclusion
At Buyers Scout, we understand that securing the perfect home or investment property requires expert knowledge and local insight. Kangaroo Point offers a fantastic blend of urban convenience, outdoor recreation, and strong property value, making it a prime location for buyers and investors.
Our team is here to guide you through the property market and help you find the best opportunities available. Book a FREE Discovery Call with Buyers Scout today to discuss how we can assist in finding your ideal home or next investment property. Let us simplify your property search and provide expert advice tailored to your needs.
Frequently Asked Questions
Q: Is Kangaroo Point a good suburb for professionals?
A: Yes, Kangaroo Point is highly desirable for professionals due to its close proximity to the CBD, excellent transport links, and vibrant lifestyle options.
Q: How far is Kangaroo Point from Brisbane CBD?
A: Kangaroo Point is approximately 3.8 kilometres from the Brisbane CBD, making it a short commute by ferry, bus, or car.
Q: What types of properties are available in Kangaroo Point?
A: The suburb primarily offers high-rise apartments, townhouses, and a few traditional Queenslander homes.
Q: Is public transport readily available in Kangaroo Point?
A: Yes, Kangaroo Point has frequent ferry and bus services connecting it to major parts of Brisbane.
Q: What are the main attractions in Kangaroo Point?
A: Popular attractions include the Story Bridge, Kangaroo Point Cliffs, and Captain Burke Park.