Suburb Profile Report for Grange QLD (4051)

Grange House: Median price $870,000, Annual capital growth 6.77%, Number of sales 69, Weekly median advertised rent $513

Grange Unit: Median price $405,000, Annual capital growth 1.42%, Number of sales 17, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Grange, 4051 have given investors a capital gain of 0.58%. This compares badly with the 2.11% for QLD as a whole.

Grange,4051 has offered an average of 0.58% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Grange is offering property investors an average of -7.29. This rate of discount on properties puts Suburb at number 486th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Grange the average time real estate has been on the market is 66.46 days.

Grange, 4051’s gross rental yield is 3.06%

Grange, 4051 ranked 224th in QLD when comparing growth in median property values or capital gain over the last 12 months. Grange is one of 2415 in our list for QLD

Over the longer term, Grange has seen property prices show investors a 5.74% return over the last 3 years. This is worse than over the last 12 months

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 1.42%, investors should hope to achieve an overall return of 4.75%

HOUSE UNIT
$870,000 $405,000
-0.85% -11.96%
0.58% -0.61%
6.77% 1.42%
$513 $370
69 17
3.06% 4.75%
66.46 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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