South Brisbane, Brisbane, QLD

South Brisbane is a bustling, vibrant inner-city suburb located directly across the Brisbane River from the CBD. Known for its cultural landmarks and proximity to key amenities, the suburb attracts a mix of professionals, students, and families. Its riverside location, iconic skyline views, and close proximity to South Bank make it a highly sought-after area for both residential and investment purposes.

Property Market Overview

The suburb is dominated by modern high-rise apartment buildings, particularly around Grey Street and Melbourne Street, catering to professionals and students seeking proximity to the CBD. A number of premium developments offer luxury riverside living with panoramic views of the Brisbane River and city skyline, appealing to high-end buyers and investors.

Although the suburb is primarily known for apartments, there are still some older-character homes and townhouses scattered throughout the area. These properties are highly coveted for their heritage charm and central location.

Median Property Prices

• Houses: The median house price in South Brisbane is approximately $1.6m reflecting its prime inner-city location and limited supply of free-standing homes (September 2024).

• Units and Townhouses: The median price for units and apartments is around $615,000, offering a more affordable option for professionals, students, and investors (September 2024).

Rental Market

• Demand and Yields: South Brisbane's rental market is driven by its proximity to the CBD, major hospitals, and educational institutions like Griffith University and Queensland University of Technology (QUT). High rental demand ensures consistent yields, particularly for apartments. The rental yield for houses in South Brisbane is 2.4% and 6.0% for units & apartments making it attractive for investors (September 2024).

• Median Rents: The median rent for houses is around $730 per week, while units and apartments typically rent for $700 per week, making it attractive for investors (September 2024).

Lifestyle and Amenities
The suburb is at the heart of Brisbane's cultural and social scene, offering residents access to a wide range of amenities. The South Bank Parklands, with its man-made beach, walking paths, and green spaces, is a major draw for locals and visitors alike. The suburb is home to numerous cafes, restaurants, and bars, especially around Grey Street and Little Stanley Street. The Queensland Cultural Centre, which includes the Queensland Museum, Art Gallery, and State Library, provides cultural and entertainment options year-round.

Schools and Education
South Brisbane is located near some of Brisbane’s most prestigious educational institutions. It falls within the catchment for Brisbane State High School, one of the city’s top public schools. The suburb is also close to Griffith University's South Bank campus, TAFE Queensland, and QUT’s Gardens Point campus, making it a popular choice for students.

Recreation and Leisure
This popular area of inner city Brisbane offers an abundance of recreational activities. South Bank Parklands provides residents with a riverside retreat, complete with swimming lagoons, walking and cycling paths, and open green spaces. Additionally, the suburb's close proximity to the Brisbane River allows for activities like kayaking, jogging, and cycling along the river’s edge. The Brisbane Convention and Exhibition Centre hosts numerous events throughout the year, adding to the suburb’s dynamic atmosphere.

Future Prospects
South Brisbane’s property market is poised for continued growth due to its prime location and ongoing development projects. The Cross River Rail and Brisbane Metro projects are expected to improve connectivity and further enhance the suburb’s appeal. With its combination of cultural significance, educational institutions, and proximity to the CBD, South Brisbane will remain a highly desirable suburb for both residents and investors.