Indooroopilly is fast becoming the Chatswood of Brisbane. The suburb’s central position, thriving commercial, office and retail sector, and proximity to the CBD and University of Queensland have promoted a recent surge in population and supported new residential unit developments.
Popular with many Brisbane professionals, as well as a strong element of university students from nearby University of Queensland (UQ), this riverside suburb has recorded significant gain in house prices, especially over the last three years.
Further investor interest is expected in the short to medium term with the completion of a number of new unit developments close to the rail station.
As the student population from nearby University of Queensland grows, further commercial and retail activity is also expected to increase.
As well as being a popular area for student tenants, the suburb is increasingly becoming a hub for young city commuters.
The suburb contains a large unit market – more than one–third of residences in the suburb are either units or townhouses. New prestige developments include Pradella’s new Riva overlooking the river.
Indooroopilly residents enjoy extensive community facilities including Gandel’s Indooroopilly Shoppingtown (formerly Westfield’s), Citytrain services and a bus interchange. Moviegoers are well catered for with the newly renovated art deco Eldorado Cinema Complex and Megaplex at Indooroopilly Shoppingtown.