Your Guide to Teneriffe, Brisbane QLD
Teneriffe, one of Brisbane's most exclusive and picturesque suburbs, is a hidden gem that perfectly marries historical charm with contemporary sophistication. With its riverside location and a plethora of lifestyle and investment opportunities, Teneriffe has become one of the most sought-after suburbs in Brisbane. The name “Teneriffe” originates from the famous Canary Island peak, Tenerife, symbolising its connection to trade routes. Formerly an industrial hub dominated by wool stores and factories, Teneriffe has evolved into a residential hotspot, retaining much of its historical character. Many of these old buildings have been converted into stylish apartments, merging the past with the present in a truly unique manner.
Living in Teneriffe
Dining and Entertainment: Where to Eat and Play
Teneriffe’s dining scene is a vibrant mix of high-end restaurants, cosy cafes, and trendy bars. Here are some must-visit spots:
The Powerhouse Precinct
The Brisbane Powerhouse, located just a short walk from Teneriffe, is a cultural hub offering a diverse range of entertainment options. From live theatre and comedy shows to art exhibitions and farmers markets, there’s always something happening at the Powerhouse.
- Hotspot Highlight: The Powerhouse Markets, held every Saturday, are a local favourite, offering fresh produce, gourmet foods, and artisanal products.
Macquarie Street
Main throughfare, Macquarie street is the heart of local shopping and dining. The area is bustling with activity, featuring a variety of cafes, restaurants, and boutique stores. It’s the perfect place to relax with a coffee, enjoy a leisurely brunch.
- Local Favourite: "Kin & Co," a cafe known for its excellent coffee and vibrant atmosphere. It’s a great place to start your day or catch up with friends.
Recreation and Leisure: Embracing the Outdoors
Teneriffe Riverwalk
The Teneriffe Riverwalk is a picturesque pathway that stretches along the Brisbane River, offering stunning views and a tranquil setting for walking, jogging, or cycling. It’s a favourite among locals for morning exercise or a peaceful evening stroll.
- Recommended: The Riverwalk also features several seating areas where you can relax and take in the beautiful river views. Make a day of it, bring a picnic blanket, some snacks and stop at the many parks along the walk.
New Farm Park
Just adjacent to Teneriffe is New Farm Park, one of Brisbane’s most popular parks. With its sprawling green spaces, beautiful gardens, and playgrounds, it’s a perfect spot for family outings, picnics, and outdoor activities.
- The park hosts the New Farm Park Ferry Terminal, providing easy access to Brisbane’s CityCat ferry service for a scenic trip along the river.
Family Composition and Lifestyle
The family composition in Teneriffe is quite balanced, catering to various household types:
- Couples with children: 45%
- Couples without children: 35%
- Single-person households: 20%
This diversity makes Teneriffe a versatile suburb, ideal for families, singles, and couples alike.
Educational and Healthcare Facilities
Teneriffe is well-served by top-tier educational institutions and healthcare facilities, making it an ideal location for families.
Schools
- New Farm State School: A highly regarded primary school offering excellent education and a strong community focus.
- Holy Spirit Primary School: A private Catholic school known for its academic excellence and supportive environment.
Healthcare
- Merthyr Medical Centre New Farm: Provides comprehensive medical services including general practice, specialists, and allied health services.
- Brisbane Private Hospital: Located a short drive away, offering a wide range of specialist medical services and treatments.
- Numerous beauty clinics and health centres are readily accessible along Florence Street, Commercial Road and Macquarie Steet to cater to residents’ health needs.
A Snapshot of the Community
Demographic Overview
Teneriffe attracts a diverse demographic, from young professionals to established families and retirees. The latest census data provides a clear picture of the population distribution:
- 0-14 years: 12%
- 15-24 years: 8%
- 25-34 years: 25%
- 35-44 years: 18%
- 45-54 years: 15%
- 55-64 years: 12%
- 65+ years: 10%
Transportation
Accessibility is key in Teneriffe. With the following transportation options, residents and visitors can easily navigate the suburb and beyond:
- CityCat Ferry: Provides scenic routes along the Brisbane River.
- Buses: A comprehensive network that connects Teneriffe to Brisbane CBD and other suburbs.
- Cycling Paths: Eco-friendly travel options abound with dedicated cycling lanes throughout the suburb.
A Market on the Rise
The real estate market in Teneriffe has shown remarkable growth over the years. The median house price in 2024 is an impressive $4,105,000, up 9.8% from the previous year. This increase reflects the suburb's growing appeal and the premium value of its properties.
Median House Prices Over the Years:
- 2024: $4,105,000
- 2023: $3,740,000
- 2022: $3,275,000
- 2021: $2,700,000
These numbers highlight a consistent upward trend, making Teneriffe some of Brisbane's most expensive real estate.
Benefits of Investing in Teneriffe
With its strong market growth and high demand, Teneriffe represents a sound investment opportunity. The suburb's appealing lifestyle, combined with its strategic location, ensures continued appreciation in property values.
- Strong Capital Growth: Property values in Teneriffe have shown consistent appreciation over the years.
- High Rental Demand: With its lifestyle offerings, rental properties are always in demand.
- Diverse Range of Properties: From historic woolstores to modern apartments, there’s something for every investor.
- Amenities and Lifestyle:
- The suburb offers a blend of convenience and recreation, making it attractive for long-term living.
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