Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Capalaba, located approximately 19 km southeast of Brisbane’s CBD, is a bustling suburb in the Redland City region. Known for its excellent connectivity, extensive amenities, and strong property market, Capalaba serves as a regional hub for both residential and commercial activities.
Demographics
- Population: Approximately 17,500 (2021 Census, ABS).
- Median Age: 38 years, reflecting a working-age population with a mix of families and professionals.
- Dwelling Type: Predominantly standalone houses with a growing number of units and townhouses.
- Ownership: A balanced mix of owner-occupiers and renters, catering to diverse demographics.
Property Market (2024)
Houses
- Median Sale Price: $852,000 (+14.1% annual growth).
- Median Weekly Rent: $670.
- Rental Yield: 4.1%.
- Sales Volume: 231 recorded house sales over the past 12 months.
Units
- Median Sale Price: $575,000 (+14.9% annual growth).
- Median Weekly Rent: $550.
- Rental Yield: 5.0%.
Long-Term Trends (2006–2024)
- Capalaba’s property market has shown consistent growth, with the median house price increasing from $321,000 in 2006 to $852,000 in 2024.
Recent Notable Sales
- 8 Willard Road: $1,050,000 (Nov 2024).
- 1 Conondale Place: $920,000 (Nov 2024).
- 20 Riley Drive: $963,000 (Nov 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Capalaba provides access to a range of quality schools, catering to all levels of education:
- Primary Schools:
- Capalaba State College (Primary Campus).
- Coolnwynpin State School.
- Secondary Schools:
- Capalaba State College (Secondary Campus).
- Private Schools:
- St. Luke’s Catholic Parish School.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Capalaba Central Shopping Centre: Home to major retailers, supermarkets, and dining options.
- Capalaba Park Shopping Centre: Offers additional retail and entertainment facilities.
Parks and Recreation
- Capalaba Regional Park: Features large open spaces, picnic areas, and playgrounds.
- IndigiScapes Centre: A nature and conservation hub with walking trails and educational programs.
- Coolnwynpin Creek Corridor: A tranquil area ideal for walking and outdoor activities.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Capalaba is well-connected via Old Cleveland Road and Redland Bay Road, offering seamless travel to Brisbane and the bayside suburbs.
- Public Transport:
- Regular bus services link Capalaba to Brisbane and other Redlands suburbs.
- Walkability:
- Moderate; the suburb offers good access to amenities and public transport hubs.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Commercial Expansion: Ongoing growth in commercial spaces to support Capalaba’s status as a regional business hub.
- Residential Projects: Increasing development of townhouses and units to meet demand for affordable housing options.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Dominated by retail, healthcare, education, and trade industries.
- Community Activities: Regular markets, cultural events, and recreational programs enhance community engagement.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~17,500 (2021 Census). |
| Median House Price (2024) | $852,000. |
| Median Rent (Houses) | $670/week. |
| Rental Yield (Houses) | 4.1%. |
| Median Unit Price (2024) | $575,000. |
| Median Rent (Units) | $550/week. |
| Rental Yield (Units) | 5.0%. |
| Notable Parks | Capalaba Regional Park, IndigiScapes, Coolnwynpin Creek Corridor. |
| Transport Access | Old Cleveland Road, bus services. |
Conclusion
Capalaba offers a dynamic blend of residential and commercial opportunities. Its strong growth in property prices, excellent amenities, and strategic location near Brisbane and the Bayside make it a standout suburb for families, investors, and professionals alike.