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