Riding the wave of rising property values in Brisbane, the Kedron property market showed noteworthy growth within the 12-month period ending September 2021, with median property prices (houses and units) displaying approximately 15 per cent growth.
Highlights
- The median house price in Kedron rose to nearly a million at $909,500, by 14.40 per cent for October 2020 to September 2021 versus the same period last year.
- For the same period, Kedron’s unit price growth was at 15.58 per cent, with the median unit price at $427,000.
House Price Growth
Figures from Property Market Updates revealed that Kedron experienced 14.40 per cent growth from October 2020 to September 2021, bringing up the median house price close to the million-dollar mark at $909,500.
Turnover was brisk with142 properties sold, with the bulk of the sales coming from three-bedroom homes. House listings stayed an average of 32 days on the market as energetic buying activity persisted despite some challenges brought about by lockdowns and mobility restrictions.
With nearly half of its residents composed of growing families or renters with full-time jobs, Kedron has developed a reputation as a desirable suburb. Improvements in the public transport links to the CBD, the suburbs in the west, the airport, and Gold Coast have increased accessibility and desirability as well.
In August 2021, a modern Queenslander renovated from the ground closed with the highest sale for the period at $2,400,000. The breathtaking house stands on an expansive 868-sqm lot on Wood Street. It is a short walk to St Anthony’s Primary School or Padua Private School, two of the most sought-after schools in the catchment.
Unit Price Growth
Kedron’s unit market also scaled upward, after a brief downturn for the same period last year. Growth was at 15.88 per cent over the 12-month period ending September 2021, with the median unit price now at $427,000, up from $368,500 in the previous year.
Some 121 apartments were sold for this period with an average time on market of 52 days. Most unit buyers were drawn to two-bedroom builds, with 63 units sold. Buyers on a budget don’t need to venture too far off the city as Kedron has heaps of newly-built high-end apartments with reasonable price tags.
About Kedron
Once a sleepy suburb, Kedron has become a high-demand market for a new generation of northside residents. Nearly 60 per cent of the properties in this suburb are free-standing Queenslander or workers cottages, where many post-war houses have been renovated into contemporary dwellings on subdivided blocks.
This tranquil inner north suburb is filled with large parks for residents to enjoy. Located seven kilometres away from the city, it has a well-serviced, convenient transport system. Kedron has easy access to neighbouring suburbs like Stafford, Chermside, Wavell Heights, and Lutwyche.
Kedron is home to quite a number of good public and private schools; thus, education has been a significant factor in attracting buyers. Because this suburb is also close to a number of medical facilities and the massive Westfield Chermside shopping centre, job opportunities in the area abound.
“We’ve been renting here for 6 months now and really love the area. We walk our son to daycare and a massive park is just 5 minutes walk away.”
Maz333
“Kedron is a great suburb. The public transport is more than adequate. There is at least one bus close by every 10 minutes. It has a range of restaurants and fast-food chains. Close to the city by bus and car. Close to Chermside shopping centre – with a good range of amenities in the immediate area. Quiet friendly neighbourhoods. Ideal for families with school-age children. The only downside is people passing through leaving the pub can be loud on a weekend if you live close to Gympie road.”
Scarlet Ellis
“Have lived in Kedron 15 yrs ago moved back and have family who owns in the area. Lots of parks in walking distance and greenery yet fabulously accessible to public transport, major shopping centres inc Westfield Chermside, Stafford and Lutwyche; fantastic school which has become popular with out-of-catchment parents due to its reputation. Plenty of eating choices including Chinese, Indian, noodles, fish and chips and a fabulous Thai restaurant once again all walking distance (as I don’t drive ) from Leckie Road, convenience stores and bottle shop in walking distance.”
Kotcha