Greenslopes Property Market Joins the Million-Dollar Club in 2021

The Greenslopes property market has broken into Queensland’s million-dollar club in 2021, following a banner year of record low-interest rates, low levels of stocks, and interstate migration. 

Greenslopes House Price Growth

Data from Property Market Updates show the Greenslopes property market’s growth, with the median rising by 18.13 per cent for the period covering January to December 2021. The median house price has breached the one million mark at $1,010,000. 

Greenslopes House Price Growth
Photo Credit: Property Market Updates

House values in this suburb have had a steady growth in the last decade with many properties selling slightly above their listed prices. For this period, 105 properties were sold within a quick turnaround of just 26 average days on market, especially for three-bedroom homes.

The demographic in Greenslopes comprises young families and professionals who can invest in a prime piece of real estate. The Greenslopes property market continues to attract strong demand because investors have plenty of opportunities for securing tenants given that over 50 per cent of the suburb’s population are renters.   

Greenslopes Unit Price Growth

Units in Greenslopes, however, saw a modest increase compared to houses for January to December 2021 with an 8.97 per cent growth from last year. The increase has set the median unit price at $425,000, following last year’s low of $390,000. 

Greenslopes Unit Price Growth
Photo Credit: Property Market Updates

There were 221 units sold for this period with an average listing of 49 days on market. Two-bedroom units had the highest demand, mostly from professionals employed at the hospitals. Even with the unit value’s increase, Greenslopes is still one of the most affordable suburbs for units within 10 kilometres of the CBD. 

About Greenslopes

Reasonably located near the CBD, Greenslopes is an easy commute for many Brisbane locals for its proximity to the motorway. Whilst it is mostly residential, Greenslopes is known for  Greenslopes Private Hospital, a leading teaching hospital and a major employer of the city.

Photo Credit: Google Maps

This neighbourly suburb provides residents with all the conveniences with the Greenslopes Mall and the Stones Corner Village shopping centres nearby. The suburb is also a short distance from Woolloongabba and Coorparoo, which are filled with the trendiest dining places, 

As for outdoor recreations and healthy activities, Greenslopes has green spaces like Hanlon Park, Ekibin Park, and the Greenslopes Bowls Club. The area also provides a mix of schools, including medical colleges. 

Whilst there are still some stunning pre-war character homes in Greenslopes, there are plenty of unit blocks and modern apartment complexes in the suburb for professionals or couples. 

“Greenslopes is great for families. We relocated from Victoria over 18 years ago and have never looked back. We had a great selection of schools, both private and public. All schools in the area offer quality education. There are many sporting clubs in and around the area. Close to the Gabba for AFL and Cricket. The public transport is great, especially great when you have teenage children. Even though we are very close to the city, traffic noise in our area is very minimal. To drive into the city during non peak hour take about 7 -10 minutes, a bit longer during peak time.”


“Greenslopes is pretty good by way of public transport in terms of volume of services, although buses are often late. It is conveniently located close to the city, has good grocery facilities, and an excellent network of bike paths. Getting out of the suburb can be problematic in peak times, due to the build-up of traffic on both the Pacific Motorway and the Riverside Express, but usually, it is hassle-free. There are some nice parks in the area and it feels pretty safe. Its dining scene won’t set the world on fire but it is improving. Greenslopes feels like a suburb on the cusp of renewal.”


Greenslopes Property Market Flexes Its High-Price Growth Potential

Greenslopes is flexing its potential for growth following its strong performance within the 12-month period ending June 2021, as soaring buyer demand in Brisbane’s red-hot property market continues despite the pandemic.

House Price Growth

Figures from Property Market Updates reveal that between July 2020 to June 2021, the median house price in Greenslopes has risen to $900,000 from $790,000 in the previous year, reflecting a 13.92 per cent growth which has kept this suburb on the list of Brisbane’s top performers.  

Photo Credit: Property Market Updates

The Greenslopes property market has been flexing its high growth potential in recent years as the median house price continues to rise annually, to its present level in 2021 where the house prices have risen more than the average wage per year.

On average, house prices from 2018 to 2021 have risen by approximately $90,000 annually. The median income of Greenslopes residents is between $60,000 to $70,000 per annum.

Buyers who want access to high-demand suburbs pick Greenslopes for a better return of investment and value for money, considering it a still more affordable alternative to neighbours like Camp Hill and Coorparoo.

113 houses sold in this time period after an average of 62 days on the market. Buyers compete for two and three-bedroom houses but the highest-selling house stands on an elevated allotment on Henzell Terrace, one of Greenslopes’ most exclusive family-friendly enclaves, for $3,300,000. 

The renovated 1922 home with six bedrooms offers beautiful suburban views and a modern aesthetic. It is within the catchment of the Greenslopes State School and Cavendish Road State High School.

Unit Price Growth

A majority of Greenslopes residents are renters who work at the hospitals in the area, or in nearby inner-city suburbs like South Brisbane, West End, or Woolloongabba. With strong rental demand, buyers are keen to purchase units with high prices for investment purposes. Thus, it’s no surprise that Greenslopes’ unit property growth grew by 11.26 per cent in the period ending June 2021, with 196 units sold.

Photo Credit: Property Market Updates

The current median unit price is now at $405,000, up from $364,000 last year. Units are quick sells on the market for an average of 45 days.

About Greenslopes

Being close to the motorway brings convenience to Greenslopes locals, which makes this place one of the easiest choices for home buyers and investors. Filled with a mix of old homes, modern houses and apartment blocks, this leafy locale close to the city — but still quiet and peaceful — attracts young families, professionals, or downsizers and retirees. 

Photo Credit: Google Maps

A former farming town, Greenslopes has risen to be one of the more popular and sought-after suburbs in Brisbane by investors, especially with the revitalisation of Stones Corner. Families love this suburb for its great choices of quality schools, a number of sporting clubs and community hubs, and generous green spaces like Hanlon Park and Ekibin Park. The shopping precinct has a variety of retailers with convenient parking and easy transport access. 

Greenslopes is also home to some of Brisbane’s major hospitals with excellent medical care, such as The Princess Alexandra Hospital and Greenslopes Private Hospital. The hospitals are two of the suburb’s biggest drawcards, driving up the median prices.

“Excellent accessibility to public transport, bikeways and motorway. Lots of green space and playgrounds for kids. Great local community full of diversity thanks to the many different property types – older units, new units and lots of young families. Local park run and walking groups and awesome cafes and access to shopping such as Aldi, IGA and Coles. We’ve been here 13 years and love it!”


“Public transport is close by, as is access to the SE Freeway. Greenslopes Mall has Coles and take away shops. People are friendly. Lots of families and professionals. I like it.”


“My partner and I purchased our first home in Greenslopes in Dec 2018. We were drawn to the area for the value for money, proximity to the city and motorways and potential for stones corner to become a cool bar, dining and shopping hub. Shops are super close and handy and everyone has been so friendly so far.”