Suburb Profile Kangaroo Point

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Local Government Authority	Brisbane
Location	1 km from CBD
Features	Proximity to Brisbane city, Kangaroo Point cliffs
Commentary	Home to nearly 7,000 residents, the riverside suburb of Kangaroo Point has witnessed an enormous amount of residential construction during the past decade. The resident population in the suburb is estimated to have grown by more than 20 per cent during that period as both homebuyers and tenants gravitate closer to the CBD. The redevelopment of the old Evans Deakin Shipyards into the visionary Dockside development in the late 1980s was the catalyst for further residential redevelopment in the suburb, particularly in those areas where maritime activities once took place. During the past 10 years, new stages of the Dockside development have been added as well as other residential projects including The Watermark, The Goodwin, Silver Quays, Marquise, and Bridgewater. The size of the suburb's rental market has grown strongly nearly doubling in size during the past ten years. Investors are still the main buyers in Kangaroo Point. Residents of this sought after suburb enjoy close proximity to the CBD and have access to excellent public transport. In addition to regular bus services to the city and other attractions such as the Brisbane Cricket Ground (The Gabba), most residents are within walking distance to CityCat ferry terminals for quick access to the city or a leisurely cruise to Southbank or Brett's Wharf at Hamilton. Residents who prefer to drive can access the city via the Story Bridge or the Riverside Expressway. The Southeast Freeway from neighbouring Woolloongabba also provides direct road access to the Gold Coast. Bordered by the Brisbane River means that Kangaroo Point plays host to excellent walkways and picnic spots including the popular park spots under the famous Kangaroo Point cliffs. Local stores around Kangaroo Point are supplemented by a variety of larger supermarkets and retail outlets in South Brisbane, Coorparoo and the city (5 to 10 minutes away) and Carindale Shopping Centre (20 to 25 minutes away). Although the suburb has no schools to call its own, the proximity of St Laurence's College, Coorparoo Secondary College, Anglican Church Grammar, Coorparoo Primary School, Buranda Primary School, Brisbane State High School and Villanova College mean residents are spoilt for choice. Source: REIQ