Kangaroo Point is becoming increasingly popular with professionals and young families, and, with this beautiful old suburb so close to the Brisbane River and the CBD, as well as the lively areas of West End and South Bank, who can blame them? Before you make Kangaroo Point your new home, make sure you first book a pre-purchase property inspection! Flooding in this area can create a whole lot of problems in some properties, so you want to make sure your dream of a riverside home is not turned into a nightmare. Contact Action Property Inspections today!
Why Choose Kangaroo Point?
Kangaroo Point is a beautiful inner-southern suburb of Brisbane City. Given its proximity to Brisbane’s CBD, as well as to the lively inner-city suburbs and their many fantastic restaurants, bars and cafes, Kangaroo Point is incredibly popular with professionals and young people who aim to call this place home. Lifestyle is key here, with locals actively participating in picnics, rock climbing, abseiling, and taking advantage of the beautiful views offered by the bicycle and running tracks along the river. Kangaroo Point is essentially divided into two parts – the northern part of the peninsula, with its newer high-rise apartments, and the southern end, with its low-medium density apartments and older Queenslander-style houses. The suburb itself is one of the oldest in Brisbane, with a huge amount of character and a lot of original, beautifully maintained heritage-listed buildings. Living here will not only shorten your commute – it’ll enhance your lifestyle!
Is Kangaroo Point Right for You?
Currently, just over 8,000 people call Kangaroo Point home, with the average age being around 35. There is only one school in Kangaroo Point – St Joseph’s Catholic Primary School, with the nearest government schools being East Brisbane State School and Coorparoo Secondary College. Properties in Kangaroo Point aren’t cheap – with some riverside properties fetching multi-million dollar sale prices. The average house price is around $1,450,000, while units a more affordable average of $625,000. If you’re looking for investment properties, take into consideration that houses in Kangaroo Point go for over $700 a week in rent with an annual rental yield of 2.6%, while units represent a good investment, going for over $640 a week in rent with a rental yield of 5.6%. Units and apartments have seen significant increases in demand over the 2023-2024 period.
Book Your Pre-purchase Property Inspection with Action Property Inspections Today!
Kangaroo Point is right on the river, so flooding and water damage are traditionally common to the area. A local property inspector will know what to look for and where to find it to ensure your beautiful new riverside property is exactly what you’ve paid for. Action Property Inspections has the knowledge and know-how you need to start your new dream as a property owner.
