Suburb Profile Report for Grange QLD (4051)

Grange House: Median price $884,000, Annual capital growth 7.23%, Number of sales 67, Weekly median advertised rent $510

Grange Unit: Median price $405,000, Annual capital growth 4.46%, Number of sales 15, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 9.81% for the last year, Grange, 4051 is the 1069th highest performer in Australia in this respect.

Over the longer term, Grange has seen property prices show investors a 31.94% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Grange is $884000, with sellers offering an average of -4.95% off the asking price.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Renters in Suburb are facing rents around $6120 per annum or $510 every week.

Investment property in Grange has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.57%

Grange,4051 was ranked 1419 in Australia by increase in median property value over the quarter.

With the median price for a house in Grange being $405000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.62%

HOUSE UNIT
$884,000 $405,000
-2.32% -3.57%
9.81% -3.57%
7.23% 4.46%
$510 $360
67 15
3.00% 4.62%
50.05 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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
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Recent sales & rentals