Woolloongabba Suburb Profile
Woolloongabba is an inner-city suburb located approximately 3 kilometres south-southeast of Brisbane’s central business district. Known for its vibrant atmosphere and rich history, the suburb is home to the iconic Brisbane Cricket Ground, commonly known as “The Gabba.” With a mix of residential, commercial, and recreational spaces, Woolloongabba offers residents a dynamic urban lifestyle.
Introduction to the Suburb
Woolloongabba is strategically situated near key areas such as Kangaroo Point to the north, East Brisbane to the northeast, and South Brisbane to the northwest. The suburb’s unique name is believed to derive from Aboriginal words meaning either “whirling waters” or “fight talk place.” Historically, the area was known as the One Mile Swamp due to its low-lying, swampy terrain. Over time, Woolloongabba has transformed into a bustling suburb, seamlessly blending its historical roots with modern developments.
Demographics
Population:
8,687 residents.
Gender Distribution:
- Male: 50.4%
- Female: 49.6%
Median Age:
29 years, below the national median of 38.
Income:
- Median weekly household income: $1,863
Cultural Diversity:
- Born in Australia: 53.3%
- Other common countries of birth:
- China: 6.9%
- New Zealand: 3.1%
- India: 2.7%
Household Composition:
- Average household size: 2.1
- Families: 48.2%
- Single-person households: 32.3%
Employment:
- Common occupations:
- Professionals
- Community and Personal Service Workers
- Clerical and Administrative Workers
Real Estate Market
Woolloongabba’s real estate market offers a variety of properties, catering to both investors and homeowners.
Median House Price:
Approximately $1,320,000, with an annual capital growth of 22.4%.
Median Unit Price:
Around $670,000, reflecting an annual growth of 13.8%.
Rental Market:
Houses: Median rent is $750 per week, yielding a rental return of 3.2%.
Units: Median rent is $680 per week, with a rental yield of 5.2%.
The suburb’s proximity to the CBD, coupled with ongoing developments, contributes to strong demand and consistent property value growth.
Amenities and Facilities
Woolloongabba offers a comprehensive range of amenities that enhance residents’ quality of life:
Education
- Proximity to several educational institutions, including primary and secondary schools in neighboring suburbs.
Healthcare
- The Princess Alexandra Hospital, a major tertiary healthcare facility, is located within the suburb, providing a wide range of medical services.
Shopping and Dining
- A variety of cafes, restaurants, and boutique shops are scattered throughout the suburb, particularly along Logan Road and Stanley Street.
- The South City Square development offers additional retail and dining options, contributing to the suburb’s modern appeal.
Parks and Recreation
- The Brisbane Cricket Ground (“The Gabba”) serves as a central hub for sports and entertainment events.
- Several local parks provide green spaces for relaxation and recreation.
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Transport and Connectivity
Woolloongabba is well-connected, offering multiple transport options for easy commuting within Brisbane and beyond:
- Public Transport:
- Regular bus services operate throughout the suburb, with key stops at the Woolloongabba and Buranda busway stations.
- The Cleveland railway line serves the area, with the Buranda railway station providing access to train services.
- Road Access:
- Major roads, including the Pacific Motorway, Logan Road, and Ipswich Road, traverse the suburb, facilitating quick access to the CBD and other regions.
- Cycling and Walking:
- Well-maintained cycling paths and pedestrian-friendly streets encourage active commuting and recreational activities.
Lifestyle and Community
Woolloongabba offers a vibrant and active lifestyle, with a strong sense of community and numerous recreational opportunities:
- Community Events:
- Regular markets, cultural festivals, and sports events at “The Gabba” foster community engagement.
- Safety:
- The suburb is considered safe, with active community involvement and local initiatives promoting security.
- Future Developments:
- Ongoing infrastructure projects, including the Cross River Rail, are set to enhance connectivity and boost the suburb’s appeal.
Notable Landmarks and Heritage
Woolloongabba features several notable landmarks that contribute to its character and appeal:
Brisbane Cricket Ground ("The Gabba"):
A premier sports venue hosting cricket and Australian Football League (AFL) matches.
Princess Alexandra Hospital:
A major healthcare facility providing comprehensive medical services.
Heritage Buildings:
The suburb boasts several heritage-listed sites, reflecting its rich history and architectural significance.
South City Square:
A modern mixed-use development featuring dining, retail, and entertainment facilities.
Why Invest in Woolloongabba?
Woolloongabba presents a compelling investment opportunity due to its strong market performance, urban renewal projects, and strategic location.
- Prime Location: Proximity to the CBD and key transport hubs.
- High Rental Demand: Strong demand from professionals, students, and sports enthusiasts.
- Infrastructure Growth: Major developments such as the Cross River Rail and South City Square enhance liveability and investment potential.
- Diverse Property Market: A mix of historic homes, modern apartments, and commercial developments ensure a variety of investment options.
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Conclusion
At Buyers Scout, we understand that securing the perfect home or investment property requires expert knowledge and local insight. Woolloongabba offers a fantastic mix of lifestyle, convenience, and investment potential, making it an excellent choice for property buyers.
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 dream home or next investment property. Let us simplify your property search and provide expert advice tailored to your needs.
Frequently Asked Questions
Q: Is Woolloongabba a good suburb for professionals?
A: Yes, Woolloongabba is highly desirable for professionals due to its close proximity to the CBD, strong transport links, and vibrant lifestyle offerings.
Q: How far is Woolloongabba from Brisbane CBD?
A: Woolloongabba is approximately 3 kilometres from Brisbane CBD, making it a short commute by public transport or car.
Q: What types of properties are available in Woolloongabba?
A: The suburb features a mix of apartments, townhouses, and heritage-style homes, catering to a range of buyers and investors.
Q: Is public transport readily available in Woolloongabba?
A: Yes, the suburb has multiple bus and train connections, making it highly accessible.
Q: What are the main attractions in Woolloongabba?
A: Popular attractions include “The Gabba” stadium, Princess Alexandra Hospital, and the bustling café and dining precincts along Logan Road and Stanley Street.