Consistent high demand relative to supply is a key feature in Pullenvale driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Pullenvale ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Pullenvale 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. Medium density in Pullenvale necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.
|31 REVELL ST, PULLENVALE, QLD, 4069||5||5||4||Sale By Negotiation|
Pullenvale State School
Brisbane Independent School(While the above schools are located with the suburb of Pullenvale 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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