Suburb guidesInner City · 4005
Teneriffe suburb profile and buyers guide.
Data updated September 2026
Between 1995 and 2006, developers converted about sixteen riverfront wool warehouses into apartments. The 2021 Census counts 88.4% of dwellings here as flats and 10.0% as houses. The house median comes from just 40 sales a year.
Median house price
$3.15m
from 40 sales, past 12 months
Median unit price
$1.10m
from 172 sales, the firmer number
House price change
+30.5%
12 months, on those 40 sales
Days on market
31
houses, average. Units 22
Population
5,520
2021 Census, median age 37
Distance to CBD
2.5 km
CityCat, bus or the Riverwalk
Sold medians, sale counts and days on market: CoreLogic via Your Investment Property, read 9 September 2026 for the preceding 12 months. Population and age: ABS Census 2021. We refresh these figures as the market moves, and we publish the sale count beside every median so you can judge how much weight it carries.
Written by Jack Freestone, Founder, Buyers Collective. Figures last checked 9 September 2026.
Teneriffe in short
Teneriffe covers less than a square kilometre on a bend of the Brisbane River, 2.5 kilometres from the CBD. About sixteen woolstores went up along the waterfront between 1909 and the 1950s. The wool trade fell away from the mid-1960s, the buildings sold as development sites, and developers converted them into apartments between 1995 and 2006.
The 2021 Census puts 88.4% of dwellings here as flats or apartments and 10.0% as separate houses. So few houses sell that the median jumps from year to year. Most of the houses sit above the waterfront on Teneriffe Hill and Upper Bowen Terrace: merchants built on the ridge in the nineteenth century, workers cottages filled the slopes below, and owners have renovated most of both rather than replacing them.
Teneriffe stood as its own suburb until 1975, when Newstead absorbed it. It came back in February 2010. Anything recorded before then sits under Newstead, so a price series crossing 2010 compares two different maps. Listings still blur the two.
Teneriffe unit and house prices
The Teneriffe unit median is $1.10 million from 172 sales and the house median $3.15 million from 40, on CoreLogic data read on 9 September 2026 for the preceding 12 months. Units do the volume here, so the unit median is the firmer number.
Teneriffe unit prices
The unit median is $1.10 million across 172 sales over the past 12 months on CoreLogic data, up 13.4%. At that volume the figure means something. It still covers a two-bedroom woolstore conversion and a new riverfront apartment alike, so the building matters more than the median.
Teneriffe house prices, and why 40 sales is not a market
The house median is $3.15 million, and it comes from 40 sales. In a suburb that is nine-tenths apartments, one riverfront result drags that number a long way. The same CoreLogic feed shows house values up 30.5% over the year. We do not read that as the market rising by a third: on 40 sales it is closer to noise, and an older snapshot of the same data put the median at $2.56 million. We publish both rather than pick one.
How long Teneriffe property takes to sell, and what it rents for
Houses take about 31 days to sell and units about 22, both averages rather than medians, and sources put the house figure anywhere from 27 to 71 days. Median rents run around $1,300 a week for houses and $800 for units.
Who Teneriffe suits
More than half the suburb rents, the median age is 37, and 38.2% of households are one person living alone. The family suburbs across the river look nothing like that. Downsizers who want space without a house do well here, as do buyers after a home no volume builder could produce.
If you are buying for a yard and a school run, your money goes further in the inner north or inner east. Our Wilston and Bulimba guides cover those.
Getting around Teneriffe
The Teneriffe ferry terminal on Commercial Road puts you on the F1 all-stops CityCat. It reaches Riverside in about 32 minutes, because it runs downstream through Bulimba, Hawthorne and New Farm Park first. The F21 cross-river service to Bulimba takes a few minutes and has run on KittyCat vessels since January 2025. The current terminal opened in January 2012, replacing the one the 2011 flood destroyed.
Buses beat the ferry for a straight run into town. The 60 Blue CityGlider and the 199 both terminate at the ferry, and the 309 links Teneriffe to the Royal Brisbane and Women’s Hospital. That route started in June 2025 when the old 470 was split, so older advice about bus numbers here is out of date. Teneriffe has no railway station. Fortitude Valley is the nearest, about a kilometre and a half away.
The free CityHopper does not stop at Teneriffe, though plenty of listings say it does. Brisbane City Council has retired that name, and the inner-city free service runs between Apollo Road and Riverside without calling here.
Teneriffe school catchments
New Farm State School on Heal Street is the state primary catchment for Teneriffe, and Fortitude Valley State Secondary College covers Years 7 to 12. That college opened in 2020 to serve the inner-city fringe and reached its full year range in 2025. Holy Spirit School on Villiers Street is the Catholic primary option.
We checked addresses at both ends of the suburb against the Queensland Government’s catchment map for 2026 and 2027, and both fall in the same schools. Newstead splits between two primary catchments and Ascot splits again, so a guide that treats the inner north as one catchment will mislead you a few streets away.
Both schools run enrolment management plans, so an in-catchment address is what secures a place. Boundaries change. Confirm the catchment for your exact address on EdMap, and the current enrolment rules with the school itself.
Living in Teneriffe: Vernon Terrace, Commercial Road and the riverwalk
Vernon Terrace runs the dining through the base of the woolstores, and Commercial Road handles the daily errands. The only supermarket inside Teneriffe is a Woolworths Metro, a convenience store rather than a weekly shop. For that you cross into Newstead for Gasworks or into New Farm for Merthyr Village. It catches out people who moved here to walk everywhere.
Teneriffe Park has been a council reserve since 1930 and holds a local heritage listing. The riverwalk south runs to the Brisbane Powerhouse and on into the city, rebuilt in 2014 to withstand a one-in-2000-year flood after the original broke free in 2011. The wharves have a second history: known as Capricorn Wharf until 1945, they were Australia’s largest submarine base.
Where the value changes inside Teneriffe
The gap between two addresses a block apart is where buyers without local knowledge lose money here. Check four things before you offer.
The building decides the value
Each woolstore converted differently. W4 has a heated lap pool, gym and onsite management; others advertise no pool at all. Levies follow: agent listings quote roughly $4,400 to $7,500 a year at W4 and around $12,000 at Dakota, so an older building is no guide to what you will pay.
Renovating can need three approvals
Most of the major woolstores went onto the Queensland Heritage Register in 1992. For a listed place a certifier cannot approve work without the Queensland Heritage Council, and the body corporate has to approve structural work and anything external on top of that. Budget for the process as well as the build.
Ask about the basement as well as the apartment
Council maps four flood types across this suburb, including river and storm tide, because the reach here is tidal. In past events the damage in riverside apartment stock ran through basement car parks and ground-floor electrical and fire plant, which can put a building out of use while the homes above it stay dry. Run the Flood Awareness Map and a FloodWise report on the exact address, every time.
The Valley is next door, and it is a licensed precinct
Fortitude Valley has been a Special Entertainment Precinct since 2006, and the rules there allow higher noise than the rest of Brisbane. Check whether your address sits inside that boundary, and inspect on a Friday evening.
Why use a buyers agent in Teneriffe
The building you buy into decides the purchase. The body corporate, the sinking fund and the heritage obligations change from one converted woolstore to the next. Pricing is the other problem: the house median comes from 40 sales a year, and the portals quote automated estimates well above what anything sold for.
Hire a Teneriffe buyers agent for the building research more than the search. We inspect here, we read the body corporate records before you are committed, and we price from what comparable apartments in that scheme sold for rather than a suburb average that hides the spread.
About this data and when we last checked it
Prices, sale counts, days on market and rents are CoreLogic figures published by Your Investment Property, read on 9 September 2026 for the preceding 12 months. That source states no month end date, and we have not confirmed the medians against a second independent provider. If an older snapshot of the same data disagrees, we say so above rather than pick one.
Population, age, dwelling mix and household figures come from the ABS 2021 Census, which is now five years old. We checked transport details against TransLink on 9 September 2026. Verify flood history and flood likelihood for the exact address on the Brisbane City Council Flood Awareness Map, with a FloodWise Property Report for technical levels. No guide replaces that check, and nothing here says a particular street is safe.
Buyers ask us
Is Teneriffe a good suburb to buy in?
For apartment living with character and a short run into the city, yes. The converted woolstores are stock you will not find anywhere else in Brisbane. It suits you less if you want a yard or a full supermarket within walking distance. The building you choose matters more here than the suburb.
What is the median house price in Teneriffe?
About $3.15 million on CoreLogic sold data for the past 12 months, though that median comes from only 40 sales and an earlier snapshot of the same data put it at $2.56 million. The unit median is $1.10 million from 172 sales, which is the firmer of the two numbers.
Are the woolstore apartments a good buy?
Often, but they are not interchangeable. Mactaggarts Place, Dakota, Ansonia, Saratoga, Winchcombe Carson, the London Woolstore, W4 and Teneriffe Village went through conversion at different times and to different standards, with different amenity and levies that run from about $4,400 to $12,000 a year. Judge the scheme first and the apartment second.
Does Teneriffe flood?
The suburb sits on the tidal reach of the river, and Council maps river, creek, overland flow and storm tide flooding across it. Homes here flooded in 2011 and again in February 2022. Ex-Cyclone Alfred in March 2025 was a rainfall and storm tide event for Brisbane rather than a river flood, so it says nothing either way about river behaviour. Check the Flood Awareness Map for the exact lot.
What is the difference between Teneriffe and Newstead?
They were one suburb from 1975 until Teneriffe was re-established in 2010, and the woolstore strip runs across the boundary, so agents market them together and older data files them together. Teneriffe holds most of the converted woolstores; Newstead is newer stock and, at the 2021 Census, almost entirely apartments.
What is Teneriffe like to live in?
Vernon Terrace runs the dining through the base of the woolstores and Commercial Road handles the daily errands, with the riverwalk south running to the Brisbane Powerhouse and on into the city. Teneriffe Park has been a council reserve since 1930. It is short, flat and walkable, as long as you are not counting on doing a weekly shop here.
What are the school catchments for Teneriffe?
New Farm State School on Heal Street is the state primary catchment and Fortitude Valley State Secondary College covers Years 7 to 12. Holy Spirit School on Villiers Street is the Catholic primary option. We checked addresses at both ends of the suburb against the Queensland Government catchment maps for 2026 and 2027 and both fall in the same schools, which is not true of neighbouring Newstead or Ascot. Both schools run enrolment management plans, so confirm your exact address on EdMap.
Can you walk to a supermarket in Teneriffe?
Only to a convenience one. The single supermarket inside Teneriffe is a Woolworths Metro. A full weekly shop means crossing into Newstead for Gasworks or into New Farm for Merthyr Village, which catches out people who moved here to walk everywhere.
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