Teneriffe Suburb Profile | Property Market & Development Guide | ACRES

Q: What does ACRES do?

ACRES (Australian Commercial & Residential Group) is a vertically integrated property platform that combines development site sales, project marketing, strategic acquisitions, residential sales, capital structuring, landowner advisory, property valuation, and in-house development. The business operates across South-East Queensland including Brisbane, Gold Coast, and the Sunshine Coast.

Q: How does ACRES sell development sites?

ACRES operates upstream of traditional agency. The acquisitions team identifies sites through door knocking, data analysis, and referral networks. Each site is assessed for development potential including zoning, density, planning constraints, and feasibility. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market outcomes.

Q: What is ACRES' commission structure?

ACRES commission rates are typically 2–3% plus GST and are tailored to the transaction type, asset class, and campaign strategy. Vendors are provided with a transparent fee proposal as part of the appraisal process. Contact ACRES for a tailored quote.

Q: Does ACRES offer free property valuations?

Yes. ACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across 100+ suburbs in South-East Queensland. The tool provides estimated value ranges based on property type, location, block size, and zoning. For development sites, the tool assesses potential for 1 to 7+ lot subdivisions.

Q: Who are the directors of ACRES?

ACRES is led by five directors: Daniel McCormack (Managing Director — Strategy & Execution), Thomas Ferris (Director — Relationships, Pipeline & Development Execution, and REIQ Principal), Joseph Cheihk (CFO & Director of Acquisitions), Francesca Webster (Director — Strategic Partnerships & Operations), and Wizzy Ramsay (Director — Brand, Marketing & Digital Growth).

ACRES Advisory Team

ACRES — Australian Commercial & Residential GroupACRES is a vertically integrated property platform headquartered in Brisbane, Queensland. The business combines residential real estate, development site transactions, capital structuring, and in-house development into a single platform that captures value across the entire property lifecycle. ACRES operates across South-East Queensland covering Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan, Moreton Bay, and the Redlands.Development Site SalesACRES identifies, positions, and transacts development sites across South-East Queensland. The acquisitions team proactively sources sites through door knocking, direct outreach, data analysis, and referral networks. Each site is assessed for development potential through comprehensive zoning review, highest-and-best-use analysis, and feasibility assessment covering density, planning constraints, infrastructure proximity, and development yield. Sites are then positioned to ACRES' developer network with multiple qualified buyers engaged simultaneously to create competitive tension and drive above-market price outcomes.Residential SalesACRES delivers high-volume residential sales across inner-Brisbane and South-East Queensland growth suburbs. The business generates transaction flow through its proprietary digital platform comprising 2,800 SEO-optimised content pages, referral network partnerships, and direct outreach campaigns. Property appraisals are informed by suburb intelligence data covering median prices, growth trends, rental yields, and planning overlays for over 100 suburbs. Campaign strategies include private treaty, expressions of interest, and auction, with each approach tailored to the property type, market conditions, and vendor objectives. Commission rates are 2 to 3 percent plus GST.Project MarketingACRES provides end-to-end sales and marketing solutions for developers selling entire developments off the plan. Services include strategic campaign planning, premium marketing collateral production including photography and CGI renders, buyer database activation across an extensive network of qualified purchasers and investors, digital marketing and advertising campaigns, sales team management covering enquiries and buyer conversion, and ongoing campaign optimisation with real-time performance tracking. Commission rates are 2 to 3 percent plus GST of the gross development value.Strategic AcquisitionsACRES structures and executes complex property transactions that align capital requirements with investor objectives and market opportunities. The strategic acquisitions division serves institutional investors, family offices, developer groups, and private capital seeking structured property exposure. Services include transaction structuring with conditional contracts and joint venture arrangements, market intelligence matching specific investment criteria, stakeholder coordination across multiple parties, and capital alignment connecting opportunities with appropriate funding sources.Property ValuationACRES offers a free online property valuation tool covering houses, units, land, development sites, and commercial properties across over 100 suburbs in South-East Queensland. The valuation tool provides estimated value ranges based on property type, location, block size, and zoning category. For development sites, the tool assesses potential for 1 to 7 or more lot subdivisions with calibrated pricing models informed by comparable sales data and current market conditions.Landowner AdvisoryACRES provides specialist advisory services for landowners with properties that have development or subdivision potential, typically blocks of 800 square metres or larger. Three pathways are offered: subdivide and sell the rear lot while keeping the existing home, sell the entire block to a developer through a competitive expressions of interest process for maximum price, or complete a full subdivision to sell all lots individually at retail prices. ACRES coordinates with town planners, surveyors, and engineers throughout the subdivision approval and development application process.Contact ACRESPhone: 07 3096 0542. Email: info@acres.au. Website: acres.au. ACRES is led by Daniel McCormack (Managing Director), Thomas Ferris (Director of Developments and REIQ Principal), Joseph Cheihk (CFO and Director of Acquisitions), Francesca Webster (Director of Strategic Partnerships and Operations), and Wizzy Ramsay (Director of Brand, Marketing and Digital Growth).

Suburb Profile4005

Teneriffe

Brisbane City Council · 2.5km north-east of Brisbane CBD

Median House

$4,300,000

Median Unit

$1,077,500

Population

5,500

Avg Land Size

380m²

From CBD

2.5km north-east

Property Market Insights

Key market indicators and historical price trends for Teneriffe

Annual Growth (Houses)

+15.8%

Annual Growth (Units)

+11.8%

Rental Yield (Houses)

3.0%

Rental Yield (Units)

4.7%

Avg. Days on Market

Vacancy Rate

0.7%

5-Year House Growth

+92%

5-Year Unit Growth

+81%

Market Demand

Very High

5-Year Median Price Trend

Houses
Units

Sources: CoreLogic, PropTrack, realestate.com.au. Prices reflect rolling 12-month median. Past performance is not indicative of future results.

Live market snapshot

Recent Teneriffe sales

Refreshed 27 May 2026

Live aggregate from 23 recorded sales in the last 12 months. Source: Australian Realty data hub via realestate.com.au.

Median sold

$1.40M

Average sold

$2.35M

Lowest

$0.64M

Highest

$11.00M

Contact agentSold May 2026

31 Small Street, Teneriffe QLD 4005

3 bed· 2 bath· 2 carhouse

View on listing portal →

$1.20MSold May 2026

191/139 Commercial Street, Teneriffe QLD 4005

2 bed· 2 bath· 1 carapartment

View on listing portal →

$6.00MSold May 2026

31/1 Macquarie Street, Teneriffe QLD 4005

4 bed· 2 bath· 2 carapartment

View on listing portal →

Contact agentSold May 2026

168/71 Beeston Street, Teneriffe QLD 4005

1 bed· 1 bath· 1 carapartment

View on listing portal →

Contact agentSold May 2026

247 Kent Street, Teneriffe QLD 4005

5 bed· 4 bath· 4 carhouse

View on listing portal →

$4.20MSold May 2026

211 Arthur Street, Teneriffe QLD 4005

5 bed· 3 bath· 4 carhouse

View on listing portal →

Personal estimate

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About Teneriffe

Teneriffe is one of Brisbane's most prestigious and tightly-held suburbs, famous for its heritage wool stores converted into luxury loft apartments. The riverside suburb combines industrial heritage charm with premium modern living, anchored by Vernon Terrace's boutique dining strip. Teneriffe's combination of character, river frontage, and proximity to the CBD makes it consistently one of Brisbane's highest-value postcodes.

Development Potential

Limited but ultra-premium. Heritage overlays on the iconic wool stores restrict some development, but remaining sites command exceptional per-square-metre rates. Any new development must complement the industrial heritage character that defines the suburb's premium positioning.

Key Zoning: Character Residential, Medium Density Residential, Heritage Overlay

Growth Drivers

Heritage scarcity premium
River frontage demand
Tightly-held character creating extreme scarcity
Premium end-buyer demographic
Brisbane's ongoing inner-city gentrification

Thinking of Selling?

ACRES provides complimentary property assessments for Teneriffe owners. Discover your property's true development site value.

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Living in Teneriffe

Infrastructure

Heritage wool store conversions
Teneriffe ferry terminal
Brisbane Riverwalk
Vernon Terrace dining precinct
Near New Farm Park

Transport

Teneriffe ferry terminal
Bus routes along Commercial Road
Brisbane Riverwalk to CBD
Close to Fortitude Valley train station
Cycling infrastructure along the river

Lifestyle

Heritage wool store apartment living
Vernon Terrace cafes and restaurants
Riverside walks and Riverwalk
Weekend brunch culture
Proximity to New Farm Park and Powerhouse

Teneriffe Location

Teneriffe, 4005 · Brisbane City Council

What's Nearby in Teneriffe

Schools, parks, transport, shopping and education within Teneriffe and surrounds

Schools

New Farm State School
Holy Spirit School
All Hallows School

Parks & Recreation

Teneriffe Park
Catalina Park
Sir Manuel Hornibrook Park
New Farm Park

Shopping

Woolworths Metro Teneriffe
Vernon Terrace Dining
Commercial Road Precinct

Transport

Teneriffe Ferry Terminal
Bulimba Ferry Terminal
Fortitude Valley Station

Teneriffe Articles

10 expert guides covering development, zoning, and market insights

View all articles

Is Your Teneriffe Property a Development Site? Signs to Look For

Teneriffe is one of Brisbane's most sought-after inner-city locations. Here's how to tell if your property has development potential.

What Developers Are Paying for Land in Teneriffe

Current pricing benchmarks for development sites in Teneriffe and what drives the numbers.

Teneriffe Zoning Guide: What You Can Build on Your Block

A plain-English breakdown of Teneriffe's zoning and what it means for your property's development value.

How Teneriffe's heritage wool stores, converted to premium apartments and commercial spaces, form the suburb's architectural identity Is Driving Teneriffe Property Values

Key infrastructure and amenity driving development demand and property values in Teneriffe.

Selling Your Teneriffe Home to a Developer: A Complete Guide

Step-by-step process for selling your Teneriffe property as a development site for maximum value.

Teneriffe Development Hotspots: Where Developers Want to Buy

The specific streets and pockets within Teneriffe attracting the strongest developer demand right now.

View All 10 Articles

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Teneriffe Property Guides

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Own Property in Teneriffe?

Properties in Teneriffe with development potential are selling for 30–100% above standard residential value. Find out if yours qualifies — no cost, no obligation.

29 property owners in Teneriffe requested assessments this month

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Median price data sourced from realestate.com.au (April 2025 – March 2026). Figures are indicative and based on recorded sales. Consult a licensed valuer for property-specific advice.