Are you looking to purchase a home or an investment property in Alderley? How do you determine if this is the right suburb for you? As Alderley Buyers Agents we have made it easy for you by compiling information about the suburb that is important to know when considering to purchase a home in this suburb.
Alderley is located approximately 7km north-west of the Brisbane CBD. The suburb is known for its access to 30 hectares of bush at Banks Street Reserve while still having a good range of family friendly homes and access to a wide range of amenities and public transport.
Its central location and green leafy residential parts of the suburb complement the retail areas scattered throughout the area. Alderley therefore attracts a high level of families and young professionals to the area and has seen a significant increase in property prices over the last few years.
*In the 2019 Deloitte and Tract study, Alderley rated as Brisbane’s #1 most liveable suburb in comparison with 260 Brisbane suburbs.
The 360 and 345 bus routes keep the surrounding suburbs connected with Alderley. You can check their timetables on the Translink website here.
There are a couple of early childhood and kindergarten options in Alderley:
Of course there are other options in neighbouring suburbs if you can’t get an enrolment at these facilities. You can search for them here.
There are four local state primary school catchment zones Alderley! The main two are Oakleigh State School and Newmarket State School. There are however a couple of pockets that just sneak into Wilston State School catchment zone and Enogerra State School. So always check the specific catchment zone of an address if you have your heart set on a particular school for your children. You can search for the school catchment by address here.
Some of the private secondary schools that are in the area are:
- Hillbrook Anglican School – a co-educational private school in Enogerra
- Mt Saint Michael’s College – a girls Catholic College in Ashgrove
- Marist College Ashgrove – a boys Catholic school from year 5 to 12.
For extracurricular education for children and adults there is also the The Brisbane Japanese Language and Culture School on Samford Road – www.brisbanejapaneseschool.com.
Recently completed between South Pine Road and Samford Road is a new Coles and Liquorland with smaller retail stores close by such as Simply Good – a bulk/whole foods self-service store, Genki Mart – a Japanese market, and A Formal Affair dress shop. Also located around this location are cafes, restaurants and pubs such as Café Vinyet.
There are also some smaller cafes sprinkled throughout the suburban streets of Alderley such as Soul Revolver Co at the corner of Cole and Edith Street and Mistress on Moore on the corner of Moore and Banks Street (on the border of Alderley and Enoggera).
Alderley has 8 parks covering nearly 30% of the total area. Banks Street Reserve is the biggest green space in Alderley, providing bush walking trails and picnic spots for residents and visitors.
For the list of parks in Alderley you can have a look at the Brisbane City Council’s website here. There are sporting facilities, outdoor exercise equipment, playgrounds and picnic/bbq facilities at most of these parks. One of the biggest parks is Grinstead Park which also has access to the Kedron Brook bikeway.
The Newmarket Pool is also just on the border of Alderley.
Residents living in Alderley mainly work in the CBD, local retail precincts, nearby hospitals, and smaller businesses in the neighbouring suburbs.
The most direct driving route from Alderley to the Airport is 12kms. There is also the convenience of using the train and connecting with the Airtrain.
Typical Property Style
Alderley typically has a mix of pre-war character homes both in original condition and renovated, post-war weatherboard homes and new modern homes built on lots where the old post war homes have been removed.
There are unit blocks mainly alongside the main roads and train line. There are also some smaller townhouse developments.
Alderley is a sought after area due to the bigger size blocks, leafy, family friendly streets and access to good schools and sporting facilities.
Alderley is an area of wealth with the weekly family income as at September 2020 at $2,793 (Queensland avg. $1,661). According to SQM research, the percentage of owner-occupiers is at 57.04% and 42.96% for renters.
The top 3 life stages for people living in Alderley are:
Independent Youth – 21.9% (Couples, Singles and Homesharers under 35);
Established Couples and Families – 14% (Families, Couples, Extended Families and Single Parents aged 45-54); and
Maturing and Established Independence – 12.8% (Singles and Homesharers aged 35-54).
Most Desirable Area
The most desirable areas in Alderley are close to parks, within walking distance to the shops, train station and to schools.
Elevated, leafy streets with views across the local area and to the mountains are also highly valued. Generally the streets that are tree lined and have 600m2 plus lot sizes are desirable.
Least Desirable Area
The least desirable areas in Alderley are on the main roads and close to the train line. There are minimal areas affected by flooding. Properties close to the parklands and bush do have a bushfire overlay that buyers should be aware of as well.
The map below shows the areas effected by noise.
Median Price Values
The median price value for houses in Alderley as at September 2020 is $823,750 with the upper quartile price at $940,000 and the lower quartile price sitting at $704,650.
The median price value for units is $426,250 with the upper quartile price at $492,000 and the lower quartile price sitting at $318,750.
The capital growth rate for Alderley over the last 5 years to August 2020 has been 14.2% for houses and -4.5% for units.
The rental property vacancy rate according to SQM research at August 2020 was 1.5%
I hope this information has been helpful on your quest to buy your next property in Alderley. If you need further help to secure a property in this location we can help, please reach out by booking a discovery call through the link below to your Alderley Buyers Agents.
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