Greenslopes, Brisbane, QLD

Greenslopes is an inner-city suburb located approximately 5 kilometers southeast of Brisbane's CBD. It is a well-connected, leafy suburb known for its relaxed atmosphere, excellent amenities, and a strong sense of community. Greenslopes is bordered by the suburbs of Coorparoo, Holland Park, and Stones Corner, making it a convenient and desirable location for both families and professionals who work in the city.

Property Market Overview

The property market in Greenslopes is varied, with a mix of traditional Queenslanders, post-war homes, and modern apartments. The suburb has experienced steady growth in property values, driven by its proximity to the CBD, quality schools, and strong local amenities. The ongoing improvement in local amenities and infrastructure has further bolstered the appeal of Greenslopes for both homeowners and investors.

Median Property Prices

• Houses: As of mid-2024, the median house price in Greenslopes is approximately $1.2 million. The market has shown consistent growth, reflecting the suburb’s desirability and the limited supply of quality character homes.

• Units and Apartments: The median price for units and apartments is around $550,000, providing a more affordable entry point into the suburb for first-time buyers and investors.

Rental Market

• Demand and Yields: Greenslopes has a strong rental market, driven by demand from young professionals, medical staff (due to the proximity of Greenslopes Private Hospital), and students. Rental yields for houses are around 3.5%, while units offer slightly higher yields at approximately 4.5%.

• Median Rents: The median rent for houses in Greenslopes is about $600 per week, while units typically rent for around $450 per week.

Lifestyle and Amenities

The suburb is well-served by shopping and dining options, particularly along Logan Road and at the nearby Stones Corner precinct. Greenslopes also has a number of parks and green spaces, including the popular Thompson Estate Reserve, providing residents with plenty of recreational opportunities.

Education and Schools

The suburb is home to several well-regarded schools, including Greenslopes State School and Our Lady of Mount Carmel Primary School. The presence of good educational facilities makes Greenslopes an attractive option for families.

Healthcare

One of the key features of Greenslopes is the Greenslopes Private Hospital, one of Brisbane’s leading private healthcare facilities. The hospital is a significant local employer and a drawcard for medical professionals and staff looking to live nearby.

Future Prospects

Greenslopes’ property market is expected to continue its steady growth, supported by its desirable location, strong community, and ongoing development. The mix of character homes and modern apartments ensures that the suburb will remain appealing to a wide range of buyers and investors in the years to come.