TENERIFFE

TENERIFFE At A Glance

The industrial riverside enclave of Teneriffe proves that good things really do come in small packages. Once an industrial area, Teneriffe is now a thriving residential area, renowned for it’s hard to beat Woolstore lofts, eclectic eateries and local watering holes.

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Teneriffe’s New York-style loft apartments and waterside location only moments from thriving precincts.

Local Tips

Ask any Teneriffe or Brisbane local and they will agree - Beccofino's is a true local institution for authentic Italian feeds and delicious apertivos.

Fun Fact

During World War II, the Teneriffe wharves served as Australia’s largest submarine base with 60 vessels stationed there at times.

Lifestyle

Shedding its industrial past, Teneriffe is coming into its own and the rest of Brisbane is sitting up and taking notice. Boasting a plethora of offbeat cafés, organic grocery stores and trendy bars, Teneriffe is a vibrant suburb on the banks of the river that in recent years has become one of Brisbane’s most talked about neighbourhoods.

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Lifestyle

Up until the last decade, historic Teneriffe was a remnant of Brisbane’s past. In 2010 it became a suburb in its own right. The area’s exclusive character and heritage architecture saw it transformed quickly into a densely populated residential area, boasting some of the best river views and access in Brisbane.

The main street, Vernon Terrace, is lined with historic Woolstore buildings that nod to – its agricultural days. In recent years, these iconic buildings have been respectfully repurposed as residential precincts and have spawned an enclave of quirky office spaces, showrooms, antique stores, bars and popular cafes.

Teneriffe is home to many small-scale commercial businesses. More recently, some of those factories have been transformed into action-packed fitness dens. Adopting a health and fitness-focused lifestyle, Teneriffe has more than its fair share of yoga studios, cross fit venues and highly-rated gym facilities and training groups.

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Neighbours

Young professionals and couples flood to Teneriffe, particularly those who value proximity to the CBD over property size. The plethora of chic apartment-style living attracts residents who are happy to dig a little deeper into their pockets to enjoy the finer things in life. Living in an inner-city neighbourhood with the river at its door, locals enjoy an active social lifestyle, making it easy to forget to venture out of this bustling community.

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Area Features

TENERIFFE WALK

The stretch along the river near Vernon Terrace acts as a promenade, attracting pedestrians and cyclists eager to enjoy a picturesque journey along the Brisbane River. Appealing to the history buff, the stretch is littered with plaques detailing the suburb’s historic journey.

THE WOOLSTORES

The historic Woolstores are proud relics of the district’s past. These highly sought-after refurbished spaces are now utilised mainly for loft apartment living, setting the tone for the architectural direction of the suburb.

LOCATION

Teneriffe has plenty of crowd-pleasing attractions and locals can head to nearby James Street in Fortitude Valley or the lush green expanses of New Farm’s parklands if they need a little variety.

Property

With the majority of Teneriffe’s heritage-listed Woolstore buildings sitting on Vernon Terrace and Commercial Road, developers are making the most of the denser residential zoning, with large modern apartment complexes popping up in place of smaller obsolete buildings.

ENQUIRE BELOW AND AN AGENT FROM TENERIFFE WILL GET IN TOUCH

AVERAGE PROPERTY PRICES
IN TENERIFFE

HOUSE

TO BUY

2 BEDROOM $ -
3 BEDROOM $1,611,250
4 BEDROOM $1,200,000

TO RENT (PER WEEK)

2 BEDROOM $ -
3 BEDROOM $ -
4 BEDROOM $ -

Capital Growth Av Prices
21.0% change from 2017

UNIT

TO BUY

2 BEDROOM $605,852
3 BEDROOM $782,167
4 BEDROOM $ -

TO RENT (PER WEEK)

2 BEDROOM $ -
3 BEDROOM $ -
4 BEDROOM $ -

Capital Growth Av Prices
3.1% change from 2017

Information Source: CoreLogic RP Data Pty Ltd

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