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 ABS population updates and AreaSearch validation, Teneriffe's population was estimated at 6,207 as of Nov 2025. This reflected a 12.4% increase from the 2021 Census figure of 5,520 people. The growth was inferred from AreaSearch's estimate of 6,112 residents using June 2024 ABS ERP data and 56 validated new addresses since the Census date. This population density equated to 9,698 persons per square kilometer, placing Teneriffe in the top 10% nationally according to AreaSearch. The area's growth rate exceeded national (9.7%) and state averages, driven primarily by interstate migration contributing approximately 57.99999999999999% of overall population gains. AreaSearch adopted ABS/Geoscience Australia projections for each SA2 area released in 2024 with a 2022 base year.

For areas not covered by this data and years post-2032, Queensland's state projections from 2023 based on 2021 data were used, applying proportional growth weightings for age cohorts based on ABS Greater Capital Region projections released in 2023 using 2022 data. By 2041, the Teneriffe statistical area (Lv2) is projected to increase by 2,805 persons, reflecting a total gain of 49.8% over 17 years based on aggregated SA2-level projections.

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 indicates Teneriffe has recorded approximately eight residential properties granted approval per year over the past five financial years, totalling an estimated forty homes. In FY26 so far, thirty-one approvals have been recorded. On average, 36.9 new residents per year are associated with every home built between FY21 and FY25.

This demand outpaces supply, potentially putting upward pressure on prices and increasing buyer competition. New homes are being constructed at an average value of $811,000, indicating a focus on the premium market with high-end developments. Compared to Greater Brisbane, Teneriffe has significantly less development activity, 81.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established homes, although construction activity has recently intensified. 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 3,089 residents by 2041, based on the latest AreaSearch quarterly estimate. If current construction levels persist, housing supply may 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 in local infrastructure significantly affect an area's performance. AreaSearch has identified a total of 40 projects potentially impacting the area. Notable ones 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.

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 was 1.4% in the past year, based on AreaSearch aggregation of statistical area data.

Employment growth was estimated at 1.3%. As of September 2025, 5,025 residents were in work with an unemployment rate of 2.6%, below Greater Brisbane's rate of 4.0%. Workforce participation was 79.1% compared to Greater Brisbane's 64.5%. Dominant employment sectors included professional & technical, health care & social assistance, and education & training.

Professional & technical had particularly notable concentration at 2.4 times the regional average. Manufacturing was under-represented at 2.3%, compared to Greater Brisbane's 6.4%. Many residents commute elsewhere for work based on Census data. Over the 12 months to September 2025, employment increased by 1.3% while labour force increased by 1.2%, reducing the unemployment rate by 0.1 percentage points. In comparison, Greater Brisbane saw employment grow by 3.8%. State-level data to 25-Nov-25 shows QLD employment contracted by 0.01% with an unemployment rate of 4.2%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 15.4% over ten years, but growth rates differ significantly between industry sectors. 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.

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

Teneriffe suburb's income level is exceptionally high nationally, per latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Teneriffe is $75,986, with an average income of $113,334. This compares to Greater Brisbane's figures 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 2021 Census figures, incomes in Teneriffe rank highly nationally, between the 93rd and 99th percentiles for households, families, and individuals. Income analysis shows that 34.3% of the community (2,129 individuals) falls within the $1,500 - 2,999 earnings band, aligning with the surrounding region at 33.3%. Higher earners represent a substantial presence, with 45.0% exceeding $3,000 weekly, indicating strong purchasing power. High housing costs consume 15.7% of income, but strong earnings place disposable income at the 92nd percentile nationally. 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, as per the latest Census, consisted of 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 stood 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 figure was $510, compared to Brisbane metro's $410. 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% composed of couples with children, 35.1% consisting of couples without children, and 4.5% comprising single parent families. Non-family households account for the remaining 46.2%, with lone person households making up 38.3% and group households representing 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 residents aged 15+ have a higher educational attainment than broader benchmarks. 62.2% hold 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 at 15.4% and graduate diplomas at 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 currently pursuing formal education, including 10.8% in tertiary, 4.1% in primary, and 3.1% in secondary education.

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, offering a mix of ferry and bus services. These stops are served by 6 individual routes, together providing 4,425 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 104 meters from the nearest stop.

Service frequency averages 632 trips per day across all routes, equating to approximately 295 weekly trips per stop.

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

Teneriffe exhibits excellent health outcomes across all age groups, with a very low prevalence of common health conditions. The private health cover rate is notably high at approximately 72% of the total population (4,475 people), surpassing the national average of 55.7%.

Mental health issues and asthma are the most prevalent medical conditions in the area, affecting 9.6 and 7.0% of residents respectively. A significant majority, 74.9%, report being completely free from medical ailments, slightly higher than the 73.7% reported across Greater Brisbane. As of 2021, Teneriffe has 11.0% of its population aged 65 and over (682 people), which is lower than the 12.2% in Greater Brisbane. Despite this, health outcomes among seniors are notably strong, closely mirroring those of 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 cultural diversity was found to be above average, with 11.3% of its population speaking a language other than English at home and 27.1% born overseas. The predominant religion in Teneriffe is Christianity, comprising 40.3% of the population. Notably, Judaism is overrepresented, making up 0.4% compared to the Greater Brisbane average of 0.2%.

In terms of ancestry, the top three groups are English (28.5%), Australian (18.7%), and Irish (12.4%). Some ethnic groups show notable divergences: Welsh at 1.1% in Teneriffe versus 0.7% regionally, French at 1.2% versus 0.7%, and Scottish at 9.9% versus 8.7%.

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 is strongly represented in Teneriffe at 25.4%, compared to Greater Brisbane, while the 5-14 cohort is less prevalent at 4.6%. This concentration of the 25-34 age group is well above the national figure 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. Notable changes include the growth of the 75-84 age group from 2.2% to 3.3% of the population. Conversely, the 25-34 cohort has declined from 28.4% to 25.4%, and the 15-24 age group has dropped from 7.5% to 5.7%. Demographic projections suggest that Teneriffe's age profile will significantly evolve by 2041, with the 45-54 age group expected to grow by 79%, reaching a total of 1,621 people from the current figure of 906.