Teneriffe
Suburb profile, market snapshot and recent listings for Teneriffe, QLD 4005.
About Teneriffe
Welcome to Teneriffe
Teneriffe sits on a bend of the Brisbane River about three kilometres north-east of the CBD, wedged between New Farm, Hawthorne, Bulimba and Balmoral. Once the engine room of Brisbane's wool and shipping trade, it has been reinvented over the past two decades into one of the city's most distinctive riverside addresses, where heritage woolstores now hold warehouse-style apartments rather than bales of fleece.
These days Teneriffe suits people who want inner-city convenience with a sense of place — professionals and downsizers drawn to its walkable riverfront, its café culture and its striking industrial architecture. With a population of around 5,520 and a median age of 37, it's a suburb of established adults rather than a family-heavy pocket, though its parks and river paths give it broad appeal.
Lifestyle & dining
Teneriffe's character is built around its old wool and produce stores, many of which have been converted into apartments while retaining exposed brick, timber beams and loading-dock facades. The result is a streetscape unlike almost anywhere else in Brisbane, and it sets the tone for a relaxed, café-driven lifestyle. Local dining strips and the nearby Gasworks precinct provide a solid spread of coffee, casual eateries and bars, while the short walk into New Farm opens up the well-known café and restaurant scene along Brunswick Street and Merthyr Road.
The riverfront is really the suburb's social spine. Teneriffe Park and the connecting stretches of the Brisbane River boardwalk are popular for morning runs, river views and simply watching the CityCats go by, and the annual Riverfire fireworks draw crowds to the parklands each year.
Getting around
Teneriffe is well served for a suburb of its size. The Teneriffe CityCat terminal puts the CBD and South Bank within an easy, scenic ferry trip, and it's a genuinely popular way to commute given the traffic on surrounding roads. Bus routes connect through to the city and neighbouring New Farm and Bulimba, while the suburb's flat, riverside layout makes walking and cycling realistic options for local errands.
For drivers, Commercial Road and Skyring Terrace link through to the inner-city road network and the Clem7/Airport Link tunnels, though like much of inner Brisbane, peak-hour congestion is a factor worth weighing up, particularly given the limited through-roads on this river bend.
Housing & architecture
The defining feature of Teneriffe's housing stock is the converted woolstore apartment — high ceilings, exposed structural elements and large windows in solidly built early-1900s industrial buildings. Alongside these are newer apartment developments and a small pocket of traditional Queenslanders and freestanding houses on the suburb's fringes. Current listings reflect this apartment-dominant mix, with units and apartments making up around 86% of stock, houses about 12% and townhouses just 1%.
This is not a suburb of broadacre house blocks; it's one where character and scarcity of land have shaped a premium, low-rise urban form that trades space for location and design.
The property market
Teneriffe's property market sits firmly at the premium end of Brisbane's inner-city ring. The median house price is $3.15 million, while units and apartments — by far the more common transaction type here — have a median of $1.18 million. Median rent across the suburb is $1,263 a week, underlining strong demand for a relatively tight supply of dwellings.
Recent house price growth has been flat at 0.0%, suggesting the market has been consolidating after earlier gains rather than pulling back. Given the dominance of apartment stock in current listings, buyers and investors researching Teneriffe should pay close attention to the unit market specifically, as it behaves quite differently from the smaller, high-value house segment.
Parks & recreation
Green space and river access are central to daily life in Teneriffe. Teneriffe Park and the riverside parklands offer lawns, playgrounds and shaded picnic spots with views across to Bulimba and Balmoral, while the connecting river walkways link through to New Farm Park, one of Brisbane's best-loved green spaces, with its jacarandas, rose garden and open lawns.
The river itself is a recreational asset in its own right, used for kayaking, running routes and the CityCat commute alike, and the combination of parkland and water frontage is a major part of why the suburb commands such a premium.
Market snapshot
Teneriffe property market
Median sale price
$3.15m
House · 3 bed
Median rent
$1,263
per week
Gross rental yield
2.1%
annual rent ÷ sale price
Typical price range
Entry
$2.82m
Median
$3.15m
Premium
$5.08m
Days on market
—
Auction clearance
0%
Sold this year
10
Median sold price trend · House 3 bed
Compound growth +8.9% / yr over 4 yrs
Property types on market
Share of current listings in Teneriffe by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Teneriffe, QLD 4005.
Population
5,520
residents (2021)
Median age
37
years
Household income
$2,645
median, per week
Median rent
$510
per week
Median mortgage
$2,167
per month
Mortgage / income
19%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Teneriffe
$890k
502/38 Helen Street
Sold ~July 2026
$1m
Unit 109/8 Skyring Terrace
Sold ~July 2026
$3.83m
13 Small Street
Sold ~July 2026
$3.12m
4/5 Florence Street
Sold ~July 2026
$640k
Unit 100/139 Commercial Road
Sold ~July 2026
$1.32m
208/71 Beeston Street
Sold ~July 2026
$1.06m
27/39 Vernon Terrace
Sold ~July 2026
$1.48m
201/38 Helen Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Teneriffe
Compare the area
Price map around Teneriffe
Every listing for sale near Teneriffe, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Teneriffe suburb FAQ
What is the median property price in Teneriffe?
The median unit price in Teneriffe, QLD is $1.18m for a 2-bedroom home. Over the past year, median sold prices have risen about 23.7%.
How much is rent in Teneriffe?
The median weekly rent in Teneriffe is around $830 per week.
Is Teneriffe a good place to live?
Teneriffe is an inner suburb of Brisbane, Queensland, Australia, 2.5 kilometres (1.6 mi) north-east of the CBD. Teneriffe is an established residential suburb in QLD, with a population of around 5,520.
What is the population of Teneriffe?
Teneriffe has a population of 5,520 (ABS 2021 Census), with a median age of 37.
How long do homes take to sell in Teneriffe?
Properties in Teneriffe take around 24 days to sell on average, with an auction clearance rate of about 43%.
How much do you need to buy in Teneriffe?
Entry-level properties in Teneriffe start around $859k, while premium homes reach $1.57m.
What suburbs are near Teneriffe?
Suburbs near Teneriffe include Farm, New Farm, Hawthorne, Bulimba and Balmoral.
Fresh to market
New this week in Teneriffe
Where Sophisticated Living Meets Exceptional Lifestyle
(INDUSTRIAL HERITAGE + QUIET RESTRAINT IN THE W4 WOOLSTORE)
Penthouse Lifestyle and Inner-City Living in 'The James'
Refreshed Riverside Living in The Nouvelle
Available now