bridge in brisbane night view

Fortitude Valley, simply called “The Valley,” is a suburb of central Brisbane, located just 2 km from the Brisbane central business district (CBD).

It is located directly north of the CBD and is where people will find some of the best that Brisbane has to offer when it comes to inner-city lifestyle and culture.

A property manager for your Fortitude Valley investment property

Fortitude Valley attracts the young crowd by virtue of its proximity to the CBD and university.

Demand for units has been increasing during the last 12 months. Buyers who were priced out of New Farm or Newstead, have more luck in the affordable prices offered for Valley properties.

But take note that housing supply is on the rise. Housing stock increased by 48% in the last 12 months while vacancy rates grew above from 3% to 4%.

Apartments are the most sought-after property and also the most common property in The Valley.

If you own a fully-furnished apartment in the suburb that you’d like to rent out, consider engaging the services of Air-rive to host it as an Airbnb rental.

Air-rive is host to Airbnb properties around Brisbane. Our managed properties range from one-bedroom apartments in luxurious resorts to entire homes that are perfect for families or large group.

Let us be your partner in your property journey by allowing us to handle the daily operations of your fully-furnished apartment or unit. As Brisbane’s leader in the property management industry, we have accumulated the necessary skills and knowledge that will help grow your business in the Brisbane prestige property market.

Suburb overview

Fortitude Valley had a thriving shopping district anchored by McWhirters, Beirne’s and Overells department stores from the early 1900s through to the 1960s. It also saw the rise of Woolworths and Coles supermarkets and numerous smaller shops during this period. Thanks to its proximity to the CBD and easy access to public transportation, the suburb was considered the biggest non-CBD shopping centre in the country from the 1950s to the 1960s.

What triggered the demise of The Valley as the premier shopping district is the emergence of suburban shopping centres and the closing of the tram network in 1969. With this, fewer and fewer customers came to shop. The area then became known for illegal gambling houses and brothels with a heavy police presence.

But now Fortitude Valley has reclaimed its title as the favourite shopping and entertainment hub in Brisbane following a major urban renewal plan.

Shopping, dining and nightlife

The Valley is no longer just a hub for nightlife and clubbing. In recent years, the suburb has transformed into a premier location for trendy cafes and specialty bars. Not only that, it also offers a wide range of retail shops, including numerous boutique clothing stores, luxury car dealerships, and homeware stores.

There are several major live music events that happen in The Valley throughout the year, including Valley Fiesta, the International Jazz Festival, Straight Out Of Brisbane, and swimming competitions at the Valley Pool.

The suburb is littered with heritage-listed sites and buildings like Story Bridge, Fortitude Valley Post Office, Howard Smith Wharves, and more.

Fortitude Valley is a great haven for nurturing the talents of up-and-coming designers, artists and musicians with its loads of trending food, art and music scene.

Demographics

  • Population: 6,978
  • Families: 1,270
  • Average children per family: 1.3
  • Average people per household: 1.8
  • Median weekly household income: $1,579
  • Median monthly mortgage repayments: $2,000
  • Median weekly rent: $400

Market Data (as of the period ending Jul 2019)

table

Dwelling Structure

  • Flat, unit or apartment: 90.7%
  • Separate house: 6%
  • Others (semi-detached, row or terrace house, townhouse)

Tenure type

  • Rented: 71.6%
  • Being purchased: 21.1%
  • Others (fully owned)

Living in Fortitude Valley

With Fortitude Valley boasting the title of Brisbane’s entertainment and nightlife hub, no wonder that over 40% of people residing there are between the ages of 25 to 34 years old, and over 60% of residents are single.

The abundance of bars and restaurants that are open every day of the week is enticing millennials and single people to flock to Fortitude Valley. This is a big selling point for people who are looking to relocate to another area.

From your residence, you can easily walk to a restaurant for dinner, or to a local bar to meet with a friend.

The most common dwelling type in The Valley also reflects the demographics of the area. In particular, 94% of dwelling type is apartments, with 75% rented.

Less than 35% of residents drive a car to work. Thanks to its proximity to the CBD, residents can choose to walk to work or use the wide range of public transportation options that are available, including bus, train and City Cat.

Fortitude Valley offers provide the living and lifestyle requirements of modern day, young professionals, with its cosmopolitan lifestyle, close proximity to the CBD and the housing options reflective of the demographic.

The Fortitude Valley experience is raw yet sophisticated at the same time. It is where class and style is comfortable with offbeat and grungy, and where heritage-listed sites easily stands among modern buildings.

It is a suburb that never sleeps – from the opening of coffee shops for people wanting their early morning caffeine fix to the final closing of doors for the avid club and bar goers.

Air-rive is encouraging owners of fully-furnished apartments or units in the Fortitude to consider hiring a professional company like Air-rive to manage your investment property.

If you are ready to talk to one of our best property managers, contact us.