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

The population of Teneriffe, as estimated by AreaSearch based on ABS updates and new addresses validated since the 2021 Census, is around 6,294 as of November 2025. This figure represents an increase of 774 people from the 2021 Census count of 5,520, marking a growth rate of 14.0%. AreaSearch's estimate of the resident population in June 2024 was 6,148, following examination of the latest ERP data release by the ABS and validation of an additional 56 new addresses since the Census date. This results in a population density ratio of 9,834 persons per square kilometer, placing Teneriffe within the top 10% of national locations assessed by AreaSearch. The suburb's growth rate exceeded both the national average (8.9%) and state averages, indicating its status as a growth leader in the region. Interstate migration accounted for approximately 57.99999999999999% of overall population gains during recent periods, with other drivers such as overseas migration and natural growth also contributing positively.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections from 2023 based on 2021 data are adopted. These state projections do not provide age category splits; hence AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections released in 2023 and based on 2022 data for each age cohort. Future population trends indicate a significant increase in the top quartile of Australian statistical areas, with Teneriffe expected to grow by 2,814 persons to reach 9,108 by 2041, reflecting an overall increase of 47.8% over the 17-year period.

AreaSearch assessment of residential development activity positions Teneriffe among the top 25% of areas assessed nationwide

AreaSearch analysis of ABS building approval numbers shows Teneriffe averaged approximately 22 new dwelling approvals annually over the past five financial years, totalling an estimated 111 homes. As of FY-26 so far, 32 approvals have been recorded. This averages to around 13.3 new residents per year for every home built between FY-21 and FY-25, indicating demand significantly exceeds supply.

New properties are constructed at an average value of $811,000, focusing on the premium segment with upmarket properties. Compared to Greater Brisbane, Teneriffe has about half the rate of new dwelling approvals per person but ranks among the 83rd percentile nationally in terms of development activity, which has picked up recently. All new construction in Teneriffe consists of townhouses or apartments, appealing to downsizers, investors, and entry-level buyers. The location has approximately 122 people per dwelling approval, suggesting an expanding market.

According to AreaSearch's latest quarterly estimate, Teneriffe is expected to grow by 3,011 residents through to 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 40 projects that could affect this region. Notable projects include Teneriffe Banks, Waterfront Newstead - Mirvac Masterplan, Sky Precinct Stage 3 Newstead, and Skyring Terrace Road Upgrade. The following list details those most likely to be 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.

AreaSearch analysis of employment trends sees Teneriffe performing better than 90% of local markets assessed across Australia

Teneriffe has a highly educated workforce with professional services well represented. Its unemployment rate is 1.2%, with an estimated employment growth of 3.5% over the past year (AreaSearch data).

As of June 2025, 5,105 residents are employed, with an unemployment rate of 2.8%, below Greater Brisbane's 4.1%. Workforce participation is high at 79.1%, compared to Greater Brisbane's 64.5%. Major employment sectors include professional & technical, health care & social assistance, and education & training. Professional & technical jobs are particularly concentrated, with levels at 2.4 times the regional average.

Conversely, manufacturing has lower representation at 2.3% versus the regional average of 6.4%. Many residents commute elsewhere for work based on Census data. Over a 12-month period ending Sep-22, employment increased by 3.5%, labour force by 3.2%, reducing unemployment by 0.3 percentage points (AreaSearch analysis). Comparing this to Greater Brisbane shows similar trends but varying magnitudes. Jobs and Skills Australia's national employment forecasts from Sep-22 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Teneriffe's employment mix suggests local employment should increase by 7.7% over five years and 15.4% over ten years, though these are simple extrapolations for illustrative purposes only.

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

According to AreaSearch's aggregation of latest postcode level ATO data released on 30 June 2022, Teneriffe had a median income among taxpayers of $75,986 with an average level standing at $113,334. This ranks in the top percentile nationally and compares to levels of $55,645 and $70,520 across Greater Brisbane respectively. Based on Wage Price Index growth of 13.99% since financial year 2022, current estimates would be approximately $86,616 (median) and $129,189 (average) as of September 2025. From the 2021 Census, household, family and personal incomes all rank highly in Teneriffe, between the 93rd and 99th percentiles nationally. Income analysis reveals that the $1,500 - 2,999 earnings band captures 34.3% of the community (2,158 individuals), mirroring the region where 33.3% occupy this bracket. The district demonstrates considerable affluence with 45.0% earning over $3,000 per week, supporting premium retail and service offerings. High housing costs consume 15.7% of income, though strong earnings still place disposable income at the 92nd percentile and the area's SEIFA income ranking places it in the 10th decile.

Teneriffe features a more urban dwelling mix with significant apartment living, with ownership patterns similar to the broader region

Teneriffe's dwelling structure at its latest Census showed 10.0% houses and 90.0% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Brisbane metro's 36.5% houses and 63.6% 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 was $2,167, aligning with Brisbane metro's average, while the median weekly rent was $510, compared to Brisbane metro's $410. Nationally, Teneriffe's mortgage repayments were higher at $2,167 against 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 account for 53.8% of all households, including 13.2% that are couples with children, 35.1% that are couples without children, and 4.5% that are single parent families. Non-family households make up 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 2.2.

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. 62.2% of its residents aged 15+ possess university qualifications, compared to Queensland's 25.7% and Australia's 30.4%. Bachelor degrees are the most common (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 Teneriffe's population is actively engaged in formal education: 10.8% in tertiary, 4.1% in primary, and 3.1% in secondary education. Educational facilities seem to lie outside immediate catchment boundaries, necessitating families to access schools in neighboring areas.

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

Teneriffe has 15 active public transport stops operating. These include a mix of ferry and bus services. There are 7 different routes serving these stops, collectively providing 4,797 weekly passenger trips.

The average distance from residents to the nearest transport stop is 103 meters, indicating excellent transport accessibility. Across all routes, service frequency averages 685 trips per day, equating to approximately 319 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 shows excellent health outcomes across all age groups, with very low prevalence of common health conditions. Private health cover is exceptionally high at approximately 72% of the total population (4,537 people), compared to the national average of 55.3%.

The most prevalent medical conditions are mental health issues and asthma, affecting 9.6% and 7.0% of residents respectively. A significant majority, 74.9%, report being completely free from medical ailments, slightly higher than Greater Brisbane's 73.7%. Teneriffe has a lower proportion of seniors aged 65 and over at 11.0% (692 people), compared to Greater Brisbane's 12.2%. Despite this, health outcomes among seniors are strong and align with the general population's health profile.

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

Teneriffe had cultural diversity above average, with 11.3% speaking a language other than English at home and 27.1% born overseas. Christianity was the main religion, comprising 40.3%. Judaism showed overrepresentation at 0.4%, compared to Greater Brisbane's 0.2%.

The top three ancestry groups were English (28.5%), Australian (18.7%), and Irish (12.4%). Welsh (1.1%) was notably overrepresented, as were French (1.2%) and Scottish (9.9%).

Teneriffe's population is slightly younger than the national pattern

Teneriffe has a median age of 38, which is slightly higher than Greater Brisbane's figure of 36 but equal to Australia's median age of 38 years. The 25-34 age group constitutes 25.4% of Teneriffe's population, compared to Greater Brisbane, while the 5-14 cohort makes up 4.6%. This concentration of the 25-34 age group is significantly higher than the national average of 14.5%. Between 2021 and the present day, Teneriffe's median age has increased by 1 year from 37 to 38 years, indicating an aging population. Notably, the 75-84 age group has grown from 2.2% to 3.3% of the population during this period. Conversely, the 25-34 cohort has decreased from 28.4% to 25.4%, and the 15-24 age group has dropped from 7.5% to 5.7%. By 2041, demographic modeling suggests that Teneriffe's age profile will undergo significant changes. Leading this shift, the 45-54 age group is projected to grow by 77%, adding 706 people and reaching a total of 1,625 from its current figure of 918.