Your local Mortgage Broker at Carindale can help you find the more suitable home loan

Carindale is a highly sought-after suburb in Brisbane’s eastern suburbs, known for its affluent lifestyle, excellent amenities, and strong property market. Here’s an overview of Carindale’s property market as of mid-2024:

• Median House Price: ~$1.4 - $1.8 million(varies based on size, age, and proximity to amenities). 
• Median Unit/Townhouse Price: ~$650,000 - $900,000 (luxury apartments can exceed $1M).
• Land Value: High due to limited supply and prestige location.

 1,Market Trends 

• Consistent Growth: Carindale has outperformed many Brisbane suburbs over the past decade, with steady capital growth.
• High Demand: Popular with upscale families, professionals, and downsizers due to its premium amenities.
• Low Vacancy Rates: Strong rental demand, with yields around 3.5-4.5% for houses and 4-5.5% for units.

2,Key Factors Driving Demand

•   Westfield Carindale – One of Brisbane’s largest shopping centres, attracting buyers who value convenience.  (Our office is near Kmart at this centre)
•  Top Schools – Including St. Martin’s Catholic Primary, St. Catherine’s School, and Citipointe Christian College. 
•  Proximity to CBD – Only ~10km from Brisbane CBD, with easy access to the Pacific Motorway. 
•  Lifestyle Appeal – Leafy streets, parks (e.g., Minnippi Parklands), and golf courses (e.g., Pacific Golf Club).  

3,Future Prospects

• Limited New Developments: Being an established suburb, new land releases are rare, keeping prices high.
• Infrastructure Upgrades: Benefits from Brisbane’s transport improvements, including better bus links and future potential rail extensions.
• Strong Investor Interest: High-end properties and luxury apartments continue to attract buyers.

4,Investment Potential

• Houses: Best for long-term capital growth (especially in sought-after pockets like Belmont Hills)
• Units/Townhouses: Better rental yields, particularly near the shopping precinct. 
• Prestige Market: Waterfront properties along Bulimba Creek command premium prices.

5,Comparison to Nearby Suburbs

• More expensive than Camp Hill & Carina (but offers better retail & lifestyle amenities).
• Similar in prestige to Chandler & Belmont but with better transport links.

Should You Buy in Carindale?

• For Families: Excellent due to schools, safety, and amenities.
• For Investors: Strong demand but higher entry cost; better for long-term growth than high yields.
• For Downsizers: Luxury apartments and low-maintenance homes are in demand.   

At Mortgage Choice Mt Gravatt & Carindale (used to call Mortgage Choice in Garden City), we would like to help you in any way we can.

Contact us at 0455 021 551 today and let us run a free property report to make your property purchase with more confidence, before you put in an offer.

The report will provide you with property details, estimated value, property sale history and a list of properties recently sold in the area, along with some insights into the suburb of your potential new home.

This will save you time and allow you to search for your home with confidence.