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

As of May 2026, the estimated population of the suburb of Teneriffe is around 6,307, reflecting a 14.3% increase since the 2021 Census which reported a population of 5,520 people. This increase is inferred from the resident population of 6,218 as estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2025 and an additional 56 validated new addresses since the Census date. This level of population equates to a density ratio of 9,854 persons per square kilometer, placing Teneriffe in the top 10% of national locations assessed by AreaSearch. The suburb's growth rate exceeded both the national average (9.3%) and state average during this period. Interstate migration contributed approximately 57.99999999999999% of overall population gains, with all drivers including overseas migration and natural growth being positive factors. AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area as released in 2024 with a base year of 2022.

For areas not covered by this data or years post-2032, Queensland State Government's SA2 area projections released in 2023 based on 2021 data are used. However, these state projections do not provide age category splits, so AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections for each age cohort. Looking ahead, significant population increase is forecast for Teneriffe within the top quartile of national statistical areas. Based on aggregated SA2-level projections, the suburb is expected to grow by 2,443 persons by 2041, reflecting a gain of 37.3% in total over the 16 years.

Residential development activity is lower than average in Teneriffe according to AreaSearch's national comparison of local real estate markets

Based on AreaSearch analysis of ABS building approval numbers allocated from statistical area data, Teneriffe saw around 7 new homes approved per year between FY-21 and FY-25. This totals an estimated 38 homes over the past five financial years. So far in FY-26, 37 approvals have been recorded.

On average, 4.5 new residents were associated with every home built during these years. This demand exceeds new supply, which typically leads to price growth and increased buyer competition. The average construction cost of new properties was $811,000, indicating a focus on the premium segment. Compared to Greater Brisbane, Teneriffe had significantly less development activity, 82.0% below the regional average per person between FY-21 and FY-25. This constrained supply usually reinforces demand and pricing for existing properties. This is also below national averages, suggesting maturity in the area and possible planning constraints.

All new construction during this period comprised townhouses or apartments, demonstrating a trend towards denser development that appeals to downsizers, investors, and entry-level buyers. Teneriffe has approximately 713 people per dwelling approval, indicating an established market. According to AreaSearch's latest quarterly estimate, the location is expected to grow by 2,354 residents by 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 to local infrastructure significantly influence an area's performance. AreaSearch has identified 31 projects that may impact the area. 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 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 an educated workforce with professional services well-represented. Its unemployment rate was 1.5% in December 2025, lower than Greater Brisbane's 4.1%. Workforce participation was high at 84.2%, compared to Greater Brisbane's 69.6%.

A significant proportion of residents worked from home, with 33.8% doing so according to Census responses. Major employment sectors include professional & technical, health care & social assistance, and education & training. The area has a notable concentration in professional & technical services, at 2.4 times the regional average. Conversely, manufacturing representation is lower at 2.3%, compared to the regional average of 6.4%.

Many residents commute elsewhere for work, as indicated by Census data on working population and local population. Over a 12-month period ending in December 2025, employment increased by 0.2% while labour force grew by 0.4%, leading to a rise in unemployment rate of 0.2 percentage points. In contrast, Greater Brisbane saw employment grow by 3.2%, labour force expand by 3.0%, and unemployment fall by 0.1 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Teneriffe's employment could 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

AreaSearch's aggregation of latest postcode level ATO data released for financial year ended June 2023 shows Teneriffe had median taxpayer income of $75,986 and average income of $113,334. These figures rank in the top percentile nationally, compared to Greater Brisbane's median of $58,236 and average of $72,799. Based on Wage Price Index growth of 11.36% since financial year ended June 2023, current estimated incomes are approximately $84,618 (median) and $126,209 (average) as of March 2026. From the 2021 Census, Teneriffe's household, family, and personal incomes rank between the 93rd and 99th percentiles nationally. Income analysis reveals that 34.3% of individuals earn between $1,500 - $2,999 weekly, mirroring the regional figure of 33.3%. The suburb demonstrates affluence with 45.0% earning over $3,000 per week. High housing costs consume 15.7% of income, but strong earnings place disposable income at the 92nd percentile nationally. Area's 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, had 10.0% houses and 90.0% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Brisbane metro's 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 was $2,167, above Brisbane metro's average of $1,863. The median weekly rent in Teneriffe was $510, compared to Brisbane metro's $380. Nationally, Teneriffe's mortgage repayments were 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 comprise the remaining 46.2%, with lone person households at 38.3% and group households making up 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 residents aged 15 and above have a notably high educational attainment, with 62.2% holding university qualifications, surpassing Queensland's 25.7% and Australia's 30.4%. Bachelor degrees are the most prevalent 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%. Notably, 22.2% of the population is actively engaged in formal education, including 10.8% in tertiary, 4.1% in primary, and 3.1% pursuing secondary education.

A substantial 22.2% of the population actively pursues formal education. This includes 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 distinct routes, facilitating a total of 4,425 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically residing just 104 meters from the nearest stop. Predominantly residential, Teneriffe sees most commuters travelling outward. Cars remain the primary mode of transport used by 60% of residents, followed by walking at 16%, and bus travel at 13%. On average, there are 0.7 vehicles per dwelling, lower than the regional norm.

Notably, 33.8% of residents work from home, a figure that may be influenced by COVID-19 conditions (2021 Census). Across all routes, service frequency averages 632 trips daily, equating to roughly 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 data shows excellent results according to AreaSearch's assessment. Mortality rates and chronic condition prevalence were very low across all age groups. Approximately 72% of Teneriffe's total population (4,547 people) had private health cover, significantly higher than Greater Brisbane's 55.8%, which is close to the national average of 55.7%.

Mental health issues and asthma were the most common medical conditions in the area, affecting 9.6% and 7.0% of residents respectively. Notably, 74.9% of Teneriffe residents declared themselves completely clear of medical ailments compared to 69.2% across Greater Brisbane. The under-65 population in Teneriffe demonstrates better than average health outcomes. The area has a lower proportion of seniors aged 65 and over at 12.2% (769 people) compared to Greater Brisbane's 15.1%. Health outcomes among seniors in Teneriffe are 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's population shows above-average cultural diversity, with 11.3% speaking a language other than English at home and 27.1% born overseas. Christianity is the predominant religion in Teneriffe, accounting for 40.3% of its population. Notably, Judaism is overrepresented compared to Greater Brisbane, comprising 0.4% versus 0.1%.

The top three ancestry groups are English (28.5%), Australian (18.7%), and Irish (12.4%). Some ethnic groups have notable divergences: Welsh at 1.1% (versus 0.5% regionally), French at 1.2% (versus 0.5%), and Scottish at 9.9% (versus 7.4%).

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 makes up 25.7% of Teneriffe's population, compared to Greater Brisbane, while the 5-14 cohort constitutes only 4.6%. This concentration of individuals aged 25-34 is significantly higher than the national average of 14.6%. Between 2021 and the present day, the proportion of the population aged 75-84 has increased from 2.2% to 3.9%, while the 35-44 age group has risen from 20.0% to 21.4%. Conversely, the 25-34 cohort has decreased from 28.4% to 25.7%, and the 15-24 age group has fallen from 7.5% to 5.9%. Looking forward to the year 2041, demographic projections indicate substantial shifts in Teneriffe's age structure, with the 45-54 age group expected to grow by 63%, reaching a total of 1,476 individuals from its current figure of 908.