Despite going through a rapid transformation and revitalisation the past decade, Nundah has somehow managed to keep its old vibe and charm, making it a sought-after suburb for Brisbane singles.
Single households, in fact, make up almost 40 percent of the suburb’s total households — higher than the Australian composition of 24.4 percent, the ABS 2016 Census data says. The over 12,000 population of Nundah is also considerably young, whose median age is 33 and the predominant age group is between 24-29, CoreLogic’s onthehouse.com.au says.
Photo Credit: Kgbo [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)] / Wikimedia Commons
Whilst Nundah’s village vibe is definitely its main draw card, it is also among Brisbane’s more affordable suburbs despite being just 9 kilometres from the CBD.
According to Domain’s sales data from the last 12 months, the median price for a 2-bed unit in Nundah is $346,000, dropping 3.9 percent from $360,000 in 2018 and by almost 5 percent from $364,000 in 2017.
Corelogic’s propertyvalue.com.au, on the other hand, shows that the house median sale price in Nundah within the last 12 months is $700,000 or a drop of 1.41 percent from a year ago; the unit median price likewise dropped by 6.15 percent to $366,000.
Whilst a majority of Nundah residents are renters — 59 percent as compared to owners at 41 percent — renting a unit or house in Nundah is also relatively cheap despite the rent demand.
Based on realestate.com.au listings data from 1 June 2018 – 13 June 2019, the median house rent in Nundah is $460, slightly higher than the Qld average of $400. For the same period, the median unit price per week is $375,000, $5 more than the Qld’s average.
Photo Credit: Orderinchaos [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)] / Wikimedia Commons
Nundah lost its appeal as a shopping haven from the 1970s with the construction of Westfield Shopping Town Toombul that caused increased motor traffic along Sandgate Road. Eventually, most commercial establishments that closed shop were replaced by less appealing shops.
However, thanks to the construction of a road tunnel under Bage Street that diverted traffic away from Nundah’s commercial centre, as well as the government’s urban renewal program, Nundah experience a renewed vibrancy and is now emerging as one of Brisbane’s property hotspots.
