Suburb Profile Report for Grange QLD (4051)

Grange House: Median price $904,000, Annual capital growth 4.65%, Number of sales 75, Weekly median advertised rent $565

Grange Unit: Median price $415,000, Annual capital growth 3.81%, Number of sales 11, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.45% which means that Grange, 4051 has done well for property investors by showing a capital gain of 1.92% over the last year

A 38.14% growth in median value for property investors in Grange,4051 puts this suburb at number 550th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Grange are currently offering property investors an average price cut of -8.77% below the asking price at the moment.

Grange, 4051’s gross rental yield is 3.25%

Giving property investors a an average capital gain of 2.47% for the last year, Grange, 4051 is the 981th highest performer in Australia in this respect.

Across a shorter period, Grange, 4051 has seen a median price increase of -11.70% over the last quarter.

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.14%, without taking into account capital value appreciation, which has been averaging out at 3.81%.

Metrics i HOUSE UNIT
$904,000 $415,000
-0.44% -11.70%
1.92% 2.47%
4.65% 3.81%
$565 $410
75 11
3.25% 5.14%
74.12 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 4163
Median household income ($/weekly) 2097
Median age of persons 36
Median housing loan repayment ($/monthly) 2375
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 365 8.8
    5-14 years 668 16.0
    25-34 years 512 12.3
    35-44 years 882 21.2
    45-54 years 578 13.9
    Others 1158 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 1517 52.1
    Not Married 1112 38.2
    Defacto Relationship 283 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3285 81.8
    Japan 39 1.0
    Papua New Guinea 144 3.6
    United Kingdom 217 5.4
    Other 85 2.1
    Others 247 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.8
    Christianity 2749 71.0
    Hinduism 15 0.4
    Other Religious Groups 15 0.4
    No Religion 1042 26.9
    Others 18 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 128 9.6
    $2,000-$2,499 140 10.5
    $2,500-$2,999 207 15.5
    $3,000-$3,499 161 12.0
    $4,000 or more 127 9.5
    Others 575 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1445 47.7
    Not in the labour force 709 23.4
    Employed, worked part-time 654 21.6
    Employed, away from work 130 4.3
    Unemployed, looking for work 92 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 337 15.1
    Professionals 832 37.3
    Technicians & trades workers 200 9.0
    Community & personal service workers 177 7.9
    Clerical & administrative workers 350 15.7
    Others 337 15.1
    Occupation
    Census Count Percent(%)
    Pre-school 94 8.2
    Infants/Primary 505 44.1
    Secondary 227 19.8
    Technical or Further Educational Institution 46 4.0
    University or other Tertiary Institutions 256 22.4
    Others 17 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3533 88.7
    Flat, unit or apartment 259 6.5
    Semi-detached, row or terrace house, townhouse 179 4.5
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 613 42.2
    Fully owned 434 29.9
    Rented 399 27.5
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals