Suburb Profile Report for Grange QLD (4051)

Grange House: Median price $912,500, Annual capital growth 5.35%, Number of sales 68, Weekly median advertised rent $520

Grange Unit: Median price $525,000, Annual capital growth 6.22%, Number of sales 13, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2619th in the list of Australian suburbs ordered by increase in median house value over the last year, Grange, 4051 is in the BOTTOM 40% with a property value increase of 2.53% recorded in median house prices.

While Grange,4051 ranked number 113th in QLD for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Grange, 4051. Typically our figures indicate that -11.06% is being offered, which puts this QLD suburb at 232th most discounted overall in Australia.

Residents and property investors in Grange have been waiting around 67.24 days to sell a property.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 5.35%.

At number 82th in the list of Australian suburbs ordered by increase in median house value over the last year, Grange, 4051 is in the top 10% with a property value increase of 25.00% recorded in median house prices.

Grange, 4051’s gross rental yield is 3.81%

Metrics i HOUSE UNIT
$912,500 $525,000
4.29% 12.90%
2.53% 25.00%
5.35% 6.22%
$520 $385
68 13
2.96% 3.81%
67.24 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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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
Chart Table
Recent sales & rentals