Prosper Group is Sydney's and Brisbane's leading property buyers agent, specializing in sourcing residential and commercial investment properties.
Below is a snapshot of the suburb St Lucia, Brisbane.
St Lucia, QLD 4067
Demographic profile
The population is 10,612. (2006 census)
47.8% of the population is aged between 15 and 24 with the median
age of 23. (2006 census)
68% of the population has never been married as opposed to 33%
average for Australia. (2006 census)
40% of the population work as professionals as opposed to 19%
average for Australia. (2006 census)
There is a strong demand from the university for accommodation for
Prosper Group is Sydney's and Brisbane's leading property buyers agent, specializing in sourcing residential and commercial investment properties.
Below is a snapshot of the suburb St Lucia, Brisbane.
St Lucia, QLD 4067
Demographic profile
The population is 10,612. (2006 census)
47.8% of the population is aged between 15 and 24 with the median
age of 23. (2006 census)
68% of the population has never been married as opposed to 33%
average for Australia. (2006 census)
40% of the population work as professionals as opposed to 19%
average for Australia. (2006 census)
There is a strong demand from the university for accommodation for
students and staff, as well as for professionals who want to be
close to the city but not in the typical high rise suburbs.
There is a high percentage of tertiary workers, 13% of the
workforce as opposed to the Australian average of 1.8%.
Geographic profile
Located 4km south-west of Brisbane CBD.
The area is bounded by the river to the north, university to the
east, golf courses to the south and an established residential
area and train line to the west, which creates a peninsula suburb.
Property Market
Median unit price is $449,825 (Source: Property Data Solutions)
49% of housing stock is being rented as opposed to 27.2% for
Australia. (2006 census)
The median weekly rent is $400 (Source: Home Price Guide)
Apart from the river front area there is very limited high rise
buildings in the area and limited opportunities for future supply
of high rise developments.
Recreation
The local residents benefit from the university infrastructure
which includes excellent sporting facilities, cinemas,
restaurants, an Olympic-size swimming pool, libraries and
bookshops.
St Lucia and Indooroopilly Golf course.
Walking and cycling along the riverfront.
Close to Mount Coot-tha which has the Brisbane Forest Park and the
Brisbane Botanical Gardens.
Schools
Ironside State School is the only primary school in the suburb.
There are 2 primary schools, a high school and College in the next
suburb.
The University of Queensland is the primary focus of St Lucia, the
university and residential colleges cover a large proportion of
the suburb.
Shopping Amenities
The suburb boasts its own commercial district that features
supermarkets, cafes, restaurants and delicatessens.
Located close to major shopping centres at Toowong and
Indooroopilly.
Transport
The CityCat stops at two terminals in St Lucia, the Guyatt Park
CityCat Terminal and the University of Queensland Terminal.
There are regular bus services that ferry passengers to all the
major points around the area.
The nearest train station to St Lucia is the Toowong Train Station
approx 1km away.
Surrounding Suburbs
Toowong, West End, Highgate Hill, Taringa, Dutton Park,
Indooroopilly and Yeronga.
Planning
The recently constructed Green Bridge which links the university
to Dutton Park was a major planning initiative which has opened up
St Lucia to the southern districts of Brisbane CBD.
The local council has placed development restrictions within the
area which restricts any high rise buildings (building greater
than 3 storeys) except along the waterfront.
Suburb Growth Rates & Predictions
Units Historical Growth (Residex) p.a
1 Years 18.1%
5 Years 14.14%
Results shown for 5 years is as of Dec 06 and 1 year is as April 08.
University of Queensland
Total number of students is around 37,500, from more than 117
countries.
Total staff is around 5,600 (2,408 academic and 3,253 general).
Total number of students that need accommodation is approx 6,600.
Total number of on campus accommodation is around 2,300.
Total number of student specific off campus accommodation in St
Lucia is around 600.
The estimated shortfall in student accommodation is 3,700 places,
which is taken up in St Lucia and the other surrounding areas.
St Lucia has a total of 4,036 dwellings of which 2,003 are
apartments and 391 are townhouses, giving a total of 2,394 medium
density dwellings. (2006 Census)
On campus accommodation rates range from $308 p/wk - $490 p/wk
over a 34week period/ P.A, and if the students stay during non-
academic time they are usually charged a higher weekly rate. This
rate includes a single room, shared facilities and 3 meals per day.
Off campus accommodation rates average around $200 p/wk for 1 bed,
$380 p/wk for 2 bed and $515 p/wk for 3 bed. These rates do not
include meals.
To find out more about buying property in Brisbane or Sydney please click here Brisbane Property Buyers Agent or Sydney Property Buyers Agent.
Below is a map of St Lucia
Below is a map of the Brisbane area
