Consistent high demand relative to supply is a key feature in Petrie Terrace driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Petrie Terrace are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Petrie Terrace classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Petrie Terrace requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|48 JUDGE ST, PETRIE TERRACE, QLD, 4000||2||1||2||Contact Agent|
|11 CLYDE ST, PETRIE TERRACE, QLD, 4000||6||3||2||For Sale|
None within suburb boundary(While the above schools are located with the suburb of Petrie Terrace there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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