Teneriffe

Population growth drivers in Teneriffe are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Based on analysis of ABS population updates for the broader area and new addresses validated by AreaSearch, the suburb of Teneriffe's population is estimated at around 6,207 as of Feb 2026. This reflects an increase of 687 people (12.4%) since the 2021 Census, which reported a population of 5,520 people. The change is inferred from the resident population of 6,112 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 56 validated new addresses since the Census date. This level of population equates to a density ratio of 9,698 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch, making land in the area a highly-sought resource. The suburb's 12.4% growth since the 2021 census exceeded the national average (9.9%), along with the state, marking it as a growth leader in the region. Population growth for the area was primarily driven by interstate migration that contributed approximately 57.99999999999999% of overall population gains during recent periods, although all drivers including overseas migration and natural growth were positive factors.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, and for years post-2032, Queensland State Government's SA2 area projections, released in 2023 and based on 2021 data, are adopted. It should be noted that these state projections do not provide age category splits; hence where utilised, AreaSearch is applying proportional growth weightings in line with the ABS Greater Capital Region projections (released in 2023, based on 2022 data) for each age cohort. Considering the projected demographic shifts, a significant population increase in the top quartile of statistical areas across the nation is forecast, with the suburb expected to increase by 2,802 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 49.9% in total over the 17 years.

AreaSearch analysis of residential development drivers sees Teneriffe recording a relatively average level of approval activity when compared to local markets analysed countrywide

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, indicates Teneriffe has recorded approximately eight residential properties granted approval per year over the past five financial years, totalling an estimated forty homes. As of FY26, thirty-one approvals have been recorded. The average number of new residents per year for every home built in Teneriffe between FY21 and FY25 is 36.9, suggesting demand significantly outpaces supply, which typically puts upward pressure on prices and increases competition among buyers.

New homes are being constructed at an average expected cost value of $811,000, indicating developers focus on the premium market with high-end developments. Compared to Greater Brisbane, Teneriffe has significantly less development activity, 81.0% below regional average per person, which generally supports stronger demand and values for established homes. However, construction activity has intensified recently. This level is also below national average, reflecting the area's maturity and possible planning constraints. Recent development has been entirely comprised of attached dwellings, offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. Teneriffe shows a mature, established area with around 636 people per approval.

Population forecasts indicate Teneriffe will gain approximately 3,094 residents by 2041 (latest AreaSearch quarterly estimate). Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Teneriffe has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 40 projects likely affecting the region. Notable initiatives include Teneriffe Banks, Waterfront Newstead - Mirvac Masterplan, Sky Precinct Stage 3 Newstead, and Skyring Terrace Road Upgrade. The following details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The exceptional employment performance in Teneriffe places it among Australia's strongest labour markets

Teneriffe has a highly educated workforce with professional services showing strong representation. The unemployment rate is 1.3% and there was an estimated employment growth of 1.1% over the past year. As of September 2025, 4,976 residents are in work while the unemployment rate is 2.6% lower than Greater Brisbane's rate of 4.0%.

Workforce participation is high at 92.0%, compared to Greater Brisbane's 70.7%. According to Census responses, 33.8% of residents work from home. The dominant employment sectors are professional & technical, health care & social assistance, and education & training. Teneriffe has a notable concentration in professional & technical services, with employment levels at 2.4 times the regional average.

However, manufacturing is under-represented, with only 2.3% of Teneriffe's workforce compared to 6.4% in Greater Brisbane. Many residents commute elsewhere for work based on Census data. Between September 2024 and September 2025, employment increased by 1.1% while labour force increased by 1.0%, keeping the unemployment rate stable. In comparison, Greater Brisbane saw employment grow by 3.8%, labour force expand by 3.3%, and unemployment fall by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Teneriffe's employment should increase by 7.7% over five years and 15.4% over ten years, based on industry-specific projections applied to the local employment mix.

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

The suburb of Teneriffe has an exceptionally high national income level according to the latest Australian Taxation Office (ATO) data aggregated by AreaSearch for the financial year 2023. The median income among taxpayers in Teneriffe is $75,986 and the average income stands at $113,334. This compares to figures for Greater Brisbane of $58,236 and $72,799 respectively. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates would be approximately $83,516 (median) and $124,565 (average) as of September 2025. According to the 2021 Census figures, household, family and personal incomes in Teneriffe rank highly nationally, between the 93rd and 99th percentiles. Income analysis reveals that 34.3% of the community earns between $1,500 and $2,999 weekly (2,129 individuals), aligning with the surrounding region where this cohort likewise represents 33.3%. A substantial presence of higher earners is indicated, with 45.0% exceeding $3,000 weekly, suggesting strong purchasing power within the community. High housing costs consume 15.7% of income, however, strong earnings still place disposable income at the 92nd percentile nationally. The area's Socio-Economic Indexes for Areas (SEIFA) income ranking places it in the 10th decile.

Teneriffe features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Teneriffe's dwelling structure, as per the latest Census, consisted of 10.0% houses and 90.0% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Brisbane metro had 73.5% houses and 26.5% other dwellings. Home ownership in Teneriffe was at 18.1%, with mortgaged dwellings at 29.0% and rented ones at 52.9%. The median monthly mortgage repayment in the area was $2,167, compared to Brisbane metro's $1,863. The median weekly rent figure for Teneriffe was $510, while Brisbane metro recorded $380. Nationally, Teneriffe's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Teneriffe features high concentrations of lone person households and group households, with a lower-than-average median household size

Family households constitute 53.8% of all households, including 13.2% couples with children, 35.1% couples without children, and 4.5% single parent families. Non-family households account for the remaining 46.2%, with lone person households at 38.3% and group households comprising 8.0%. The median household size is 1.9 people, which is smaller than the Greater Brisbane average of 2.6.

Teneriffe demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Teneriffe's educational attainment is notably higher than broader averages. Among residents aged 15 and above, 62.2% possess university qualifications, compared to 25.7% in Queensland (QLD) and 30.4% nationally. Bachelor degrees are the most common at 41.2%, followed by postgraduate qualifications (15.4%) and graduate diplomas (5.6%). Vocational pathways account for 20.3%, with advanced diplomas at 10.0% and certificates at 10.3%.

Currently, 22.2% of the population is actively engaged in formal education, including 10.8% in tertiary education, 4.1% in primary education, and 3.1% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Teneriffe has 15 operational public transport stops offering a mix of ferry and bus services. These are served by six routes that facilitate 4,425 weekly passenger trips in total. The area boasts excellent transport accessibility with residents typically residing 104 meters from the nearest stop. Primarily residential, Teneriffe sees most commuters travelling outward. Cars remain the dominant mode of transport at 60%, followed by walking (16%) and bus use (13%). Vehicle ownership averages 0.7 per dwelling, lower than the regional average.

According to the 2021 Census, 33.8% of residents work from home, potentially influenced by COVID-19 conditions. Across all routes, service frequency averages 632 trips daily, equating to approximately 295 weekly trips per individual stop.

Teneriffe's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Teneriffe's health outcomes show excellent results based on AreaSearch's assessment. Mortality rates and chronic condition prevalence were very low across all age groups. Private health cover was exceptionally high at approximately 72% of the total population (4,475 people), compared to 55.8% in Greater Brisbane and a national average of 55.7%.

The most prevalent medical conditions were mental health issues (9.6%) and asthma (7.0%), while 74.9% of residents reported being completely clear of medical ailments, higher than the 69.2% across Greater Brisbane. The under-65 population had better-than-average health outcomes. Teneriffe has 12.0% of residents aged 65 and over (744 people), lower than Greater Brisbane's 15.2%. Health outcomes among seniors were particularly strong, with national rankings even higher than the general population.

The level of cultural diversity witnessed in Teneriffe was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Teneriffe was found to have cultural diversity above the average, with 11.3% of its population speaking a language other than English at home and 27.1% born overseas. The primary religion in Teneriffe is Christianity, comprising 40.3% of its population. Notably, Judaism is overrepresented, making up 0.4% compared to the Greater Brisbane average of 0.1%.

Regarding ancestry, the top three groups are English at 28.5%, Australian at 18.7%, and Irish at 12.4%. Some ethnic groups show significant differences: Welsh is overrepresented at 1.1% (vs regional 0.5%), French at 1.2% (vs 0.5%), and Scottish at 9.9% (vs 7.4%).

Teneriffe's population is slightly younger than the national pattern

Teneriffe has a median age of 38, slightly higher than Greater Brisbane's 36 but equal to Australia's 38 years. The age group of 25-34 is strongly represented at 23.9%, compared to Greater Brisbane, while the 5-14 cohort is less prevalent at 4.5%. This concentration in the 25-34 age group is significantly higher than the national average of 14.4%. Between 2021 and present, Teneriffe's median age has increased by 1.5 years from 37 to 38, indicating an aging population. Key demographic changes include the growth of the 75-84 age group from 2.2% to 3.7%. Conversely, the 25-34 cohort has declined from 28.4% to 23.9%, and the 15-24 group has dropped from 7.5% to 5.5%. By 2041, demographic modeling suggests Teneriffe's age profile will evolve significantly. Leading this shift, the 45-54 age group is projected to grow by 77%, increasing from 918 people in 2021 to 1,622 people by 2041.