Teneriffe is an inner suburb of the City of Brisbane. It is located 2.5kms north-east of the CBD and borders Bowen Hills, Fortitude Valley, New Farm, and Newstead.
Teneriffe was defined as a separate suburb in 2010, before which it was a locality of Newstead. The suburb was incorporated into Newstead in 1975, and had been a separate suburb prior to this. The suburb was once an important wool trading hub and was the location of Australia’s largest submarine base during World War II.
Through the conversion of wool stores and factories to residential apartments, the area has been transformed from a riverside industrial hub to a mostly high density residential area. Most of the Queenslander style homes have been preserved and renovated. The local school, New Farm State School is supplemented by state and private schools in the neighbouring suburbs. The Teneriffe ferry wharf connects the suburb to CityCat and CityFerry services.
Median Sales Value is $2,512,500
Average Days on Market is 56 Days
Median Asking Rent is $450 per week