With a median house price of $1.318 million, Clayfield continues to be an attractive investment for homeowners and investors seeking a high-end, quiet suburb close to Brisbane’s CBD.
From July 2020 to June 2021, figures from Property Market Updates show that the median house price in Clayfield is at $1,318,000, up 17.42% from $1,122,500 in the previous period. At the current median, the value of properties in Clayfield sits significantly higher than Queensland’s median house price of $540,000.
Highlights
- Clayfield posted a 17.4 percent increase in the suburb’s median house price, now at $1,318,000 for the period July 2020 to June 2021. The suburb’s median unit price for the same period, now at $400,000, is up by 5.26 percent over the previous period.
- There were 156 houses and 283 units sold for the same time period.
- Clayfield joins over 30 other suburbs in QLD which posted double-digit increases in various quarters over the past 12 months, bolstering confidence in the suburb’s strong growth in a high-demand market.
Clayfield joins over 30 suburbs across the state which have hit double-digit increases in various quarters over the past 12 months. With 156 houses sold for the 12-month period ending in June 2021, Clayfield remains a high-demand market. According to popular site realestate.com.au, Clayfield property listings elicit 1,022 visits per property, compared to the QLD average of 836 visits per property.
Unit Price Growth
For the same 12-month period, Clayfield’s unit property market exhibited a 5.26 percent growth over the previous period, with 283 units sold.
With a median unit price of $400,000, units in Clayfield remain popular and affordable among independent and established professionals working less than seven kilometres away in the CBD or at nearby inner-city suburbs like New Farm or Fortitude Valley, as well as retirees who want the convenience of living in a prestige community sans the hefty price tag of a house purchase.
Why Clayfield?
Good Education Options
Families moving to Clayfield have often cited its excellent education options, which include two private girls’ schools and the demand for school within the desirable catchment area has ensured good property appreciation.
In May 2021, for example, a 1,215-sqm, five-bedroom California bungalow on 57 Enderley Road sold under the hammer for $5,075,000. That’s $400,000 more than the property’s sale price in 2018. The property sits on a corner lot and is considered highly desirable for families with school-age children, given its proximity to St. Rita’s College and location within the catchment area of Ascot State School.
Other school options include Clayfield College, St Agatha’s Primary School, Eagle Junction State School, and Ascot’s St Margaret Anglican School.
Accessibility and Liveability
Clayfield is in the top 30 most liveable suburbs of Brisbane, according to the inaugural Domain Liveable Brisbane study in 2019 which ranked 260 Greater Brisbane suburbs across 17 indicators. Several major factors considered by people when choosing a suburb to reside in include access to education, public transport, and employment.
Aside from getting top marks for education, Clayfield also rated high for its transport and amenities. The suburb has its own train station, as well as an excellent café precinct, giving it added liveability points for proximity to lifestyle amenities.
Aircraft Noise?
Some of Brisbane’s most prestigious suburbs have grown increasingly affected by aircraft noise as the new runway at Brisbane Airport doubles the airport’s capacity and increases the volume of overhead airplanes travelling along new flight paths.
Increased traffic from the new runway is seen to make some of Brisbane’s most prestigious areas less desirable, fueling greater interest and price growth in suburbs that are less impacted by the overhead noise.
The affected suburbs include some of Brisbane’s blue-chip suburbs such as Ascot, Hamilton, and New Farm, as well as popular suburbs Hawthorne, Bulimba, East Brisbane, Cannon Hill, and Seven Hills.
Clayfield, which does not fall directly under a flight path, is expected to remain relatively unaffected although some aircraft flying overhead may still be seen or heard.
