St Lucia, Brisbane, QLD

St Lucia is an affluent, riverside suburb located approximately 5 kilometers southwest of Brisbane's CBD. Known for its prestigious university, lush green spaces, and high-end residential properties, St Lucia is one of Brisbane’s most desirable suburbs. It is bordered by the Brisbane River to the north, west, and east, with neighboring suburbs including Toowong, Indooroopilly, and Taringa.

Property Market Overview

St Lucia’s property market is characterized by its mix of luxurious homes, student accommodation, and modern apartments. The suburb’s close proximity to the University of Queensland (UQ) significantly influences its property market, attracting a blend of academics, students, professionals, and families.

St Lucia is home to some of Brisbane's most prestigious properties, including large, architecturally designed homes with river views and high-end finishes. These properties are often situated on large blocks, with many featuring private pools, expansive gardens, and direct river access.  Due to the presence of UQ, there is a high demand for apartments and purpose-built student accommodation. These properties range from modern, high-rise developments to smaller, boutique-style complexes, catering to both students and young professionals.

Median Property Prices

• Houses: As of mid-2024, the median house price in St Lucia is approximately $1.8 million, reflecting its status as one of Brisbane's premium suburbs. Riverfront properties and larger estates can command significantly higher prices.

• Units and Apartments: The median price for units is around $600,000, offering a more affordable entry point into the suburb. Prices for student accommodation are generally lower but are influenced by proximity to the university.

Rental Market

• Demand and Yields: The rental market in St Lucia is buoyed by strong demand from students, university staff, and professionals. Houses, especially those close to the river or university, can command high rents, while units, particularly those targeting students, also remain in high demand.

• Median Rents: The median rent for houses in St Lucia is about $850 per week, while units typically rent for around $500 per week. Rental yields for houses are around 3.2%, while units offer yields of approximately 4.5% (August 2024).

Lifestyle and Amenities
St Lucia offers a sophisticated lifestyle with numerous cafes, restaurants, and boutique shops around Hawken Drive, along with easy access to Indooroopilly Shopping Centre and Toowong Village.

Education and Schools
Home to the University of Queensland, St Lucia is a hub for education, complemented by top schools like Ironside State School and St Peters Lutheran College, making it popular with families.

Recreation and Leisure
Residents enjoy green spaces and recreational facilities, including UQ’s campus, Guyatt Park, and St Lucia Golf Links, providing ample opportunities for outdoor activities.

Future Prospects
St Lucia’s property market is expected to stay strong, driven by its prestigious reputation, ongoing demand for university accommodation, and diverse housing options.