Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).

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Overview

Thorneside is a bayside suburb located 19 km southeast of Brisbane CBD in the Redland City region. Offering a mix of natural beauty, water access, and suburban convenience, Thorneside attracts families, professionals, and retirees looking for a coastal lifestyle.

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Demographics

• Population: Approximately 6,400 (2021 Census, ABS).
• Median Age: 42 years, indicating a mature population with a blend of families and retirees.
• Dwelling Type: Predominantly standalone houses with some units and townhouses.
• Ownership: A mix of long-term owner-occupiers and investors catering to rental demand.

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Property Market (2024)

Houses

• Median Sale Price: $1,035,000 (+28.6% annual growth).
• Median Weekly Rent: $670.
• Rental Yield: 3.4%.
• Sales Volume: 53 recorded house sales in the past 12 months.

Units

• Median Sale Price: $531,130 (+18.8% annual growth).
• Median Weekly Rent: $500.
• Rental Yield: 4.9%.

Long-Term Trends (2006–2024)

• Thorneside’s property market has experienced significant growth, with house prices increasing from $320,000 in 2006 to $1,035,000 in 2024.

Recent Notable Sales

• 54 Queens Esplanade: Sold for $2,100,000 (Oct 2024).
• 13 Lucy Street: Sold for $1,450,000 (Nov 2024).
• 268 Queens Esplanade: Sold for $1,800,000 (Oct 2024).

Source: Pricefinder, Your Investment Property Magazine.

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Education

Thorneside offers access to quality educational institutions in the surrounding suburbs:

• Primary Schools:
  • Birkdale South State School.
  • Wellington Point State School.
• Secondary Schools:
  • Wellington Point State High School.
• Private Schools:
  • Ormiston College, located in nearby Ormiston.

Source: Queensland Department of Education, Landchecker.

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Amenities and Lifestyle

Shopping

• Local Shops: Thorneside provides access to small shopping precincts catering to daily needs.
• Nearby Options: Larger shopping hubs like Capalaba Central and Capalaba Park Shopping Centres are within a short drive.

Parks and Recreation

• Beth Boyd Park: A waterfront park with playgrounds and picnic facilities.
• Thorneside Foreshore Reserve: Offers scenic walking trails and water views.
• Queens Esplanade Parklands: A popular spot for outdoor activities and family gatherings.

Source: Google, Walkscore.

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Transport and Accessibility

• Road Network:
  • Connected via Thorneside Road and Quarry Road, offering easy access to Brisbane and the Bayside suburbs.
• Public Transport:
  • Thorneside train station provides regular rail services to Brisbane CBD.
  • Bus services connect Thorneside to surrounding suburbs.
• Walkability:
  • Moderate; local amenities and parks are accessible on foot.

Source: TMR Queensland, Walkscore.

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Recent and Planned Developments

• Residential Growth: Continued demand for premium waterfront properties has driven new housing developments.
• Community Enhancements: Planned upgrades to local parks and recreational facilities under Redland City Council initiatives.

Source: Pricefinder, Your Investment Property Magazine.

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Community and Employment

• Employment Sectors:
  • Retail, healthcare, education, and tourism dominate Thorneside’s job market.
• Community Activities:
  • Farmers’ markets, community sports, and outdoor recreational events foster a strong sense of community.

Source: ABS, Your Investment Property Magazine.

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Key Statistics at a Glance

Metric	Value
Population	~6,400 (2021 Census).
Median House Price (2024)	$1,035,000.
Median Rent (Houses)	$670/week.
Rental Yield (Houses)	3.4%.
Median Unit Price (2024)	$531,130.
Median Rent (Units)	$500/week.
Rental Yield (Units)	4.9%.
Notable Parks	Beth Boyd Park, Thorneside Foreshore Reserve, Queens Esplanade Parklands.
Transport Access	Thorneside Train Station, Thorneside Road.

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Conclusion

Thorneside combines bayside charm with suburban convenience, making it a standout location for families and professionals. With strong growth in property prices, excellent transport links, and a vibrant community atmosphere, Thorneside offers a promising future for homeowners and investors alike.