Teneriffe, Brisbane: Property & Lifestyle Guide 2025

What are current property prices in Teneriffe?

Teneriffe property prices reflect its blue-chip riverside status and woolstore character:

• 2-bedroom houses: $1.198M median (last 12 months)
• 3-bedroom houses: $2.215M median (prime positioning for $1.5M-$3M buyers)
• Overall house median: $1.2M across all house types
• 1-bedroom units: $677K median
• 2-bedroom units: $930K median
• 3-bedroom units: $1.941M median (luxury woolstore conversions)
• Overall unit median: $970K across all unit types

Unit market shows exceptional performance with +15.68% annual capital growth and +6.01% quarterly growth, indicating strong demand for apartment living in this blue-chip area. Houses averaging 28 days on market, units 24 days, reflecting quick property turnover.

What schools and education options are available?

Teneriffe accesses excellent educational facilities in neighbouring suburbs:

• New Farm State School: Nearest government primary (Prep-Year 6) located in adjacent New Farm, highly-regarded catchment school
• Fortitude Valley State Secondary College: Nearest government secondary school in Fortitude Valley
• Independent schools nearby: Variety of non-government schools in surrounding suburbs providing diverse educational choices
• University proximity: Close to QUT Kelvin Grove campus

While Teneriffe itself doesn't host schools directly, the proximity to highly-rated primary and secondary schools in New Farm and Fortitude Valley makes it attractive for families.

What lifestyle and amenities does Teneriffe offer?

Teneriffe delivers sophisticated urban lifestyle with exceptional cultural and recreational amenities:

• Historic woolstores: Iconic industrial buildings transformed into architecturally impressive apartments, townhouses, bars, cafes, and restaurants, creating unique character
• Brisbane Powerhouse: Repurposed tram power station hosting exhibitions, concerts, festivals, weekly Jan Powers Farmers Markets, enriching local arts scene
• New Farm Park: 37-acre heritage park providing family picnic areas, barbecues, playgrounds, cycling, fostering strong community
• Teneriffe River Walk: Picturesque Brisbane River views, perfect for strolling, jogging, cycling, connecting to Newstead and beyond
• Dining scene: Flourishing bars, cafes, restaurants housed in woolstores, including some of Australia's best dining experiences, local microbreweries

The blend of industrial heritage architecture with modern amenities creates a unique lifestyle unavailable elsewhere in Brisbane.

How is transport connectivity and commuting?

Teneriffe offers exceptional inner-city transport connectivity:

• To Fortitude Valley: 4 minutes by vehicle, 14 minutes by train, 20 minutes walking, 5 minutes by bicycle
• CityCat ferry: Brisbane River ferry network providing scenic CBD commute
• CityHopper: Free ferry service along Brisbane River
• Bus network: Comprehensive services to CBD and surrounding suburbs
• Walking/cycling: Highly walkable suburb with extensive bike paths along river

Most residents enjoy 10-15 minute commutes to CBD and Fortitude Valley via multiple transport options.

What is the demographic and community profile?

Teneriffe attracts affluent, professional demographic with evolving family presence:

• Population: 5,341-5,520 residents with 3.5% growth (2016-2021)
• Predominant age group: 20-39 years, indicating young professional demographic
• Household composition: Significant portion childless couples, growing number of young families
• Owner-occupied: 46.30% (2021), balanced mix of homeowners and renters
• Mortgage repayments: Typically $1,800-$2,399 per month, aligning with affluent profile

The community comprises young professionals, creative industry workers, and increasingly young families attracted by proximity to schools and New Farm Park.

Is Teneriffe a good investment?

Teneriffe offers strong investment fundamentals, particularly for unit market:

• Unit market performance: +15.68% annual capital growth, +6.01% quarterly growth, demonstrating exceptional momentum
• Rental yields: Houses 2.77% with $810 weekly median rent, units 4.06% with $780 weekly rent (higher yield for apartments)
• Quick turnover: Houses 28 days on market, units 24 days, reflecting strong demand
• Investment sweet spot: 3-bedroom houses ($2.215M) and 3-bedroom units ($1.941M) fall within $1.5M-$3M target range
• Growth drivers: Riverside location, woolstore character, proximity to CBD, cultural precinct, increasing popularity of apartment living

For investors in the $1.5M-$3M range, the unit market offers superior capital growth and rental yields compared to houses. The strong performance reflects increasing popularity of apartment living in Brisbane's blue-chip areas, with Teneriffe's unique woolstore character providing additional appeal. The consistent demand from professional demographic ensures stable, high-quality tenant base.