Suburb Profile Report for Kelvin Grove QLD (4059)

Kelvin Grove House: Median price $830,000, Annual capital growth 6.51%, Number of sales 51, Weekly median advertised rent $500

Kelvin Grove Unit: Median price $442,500, Annual capital growth 4.54%, Number of sales 72, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

QLD has seen average median house prices change by 1.88% which means that Kelvin Grove, 4059 has done well for property investors by showing a capital gain of 10.96% over the last year

Comparing Kelvin Grove,4059 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

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 Kelvin Grove, 4059. Typically our figures indicate that -2.93% is being offered, which puts this QLD suburb at 3569th most discounted overall in Australia.

In the last year 51 properties changed hands in Kelvin Grove, which puts it as the 427th most active market in QLD when comparing the number of sales per suburb.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.13%, without taking into account capital value appreciation, which has been averaging out at 6.51%.

Kelvin Grove has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -6.84% to date .

Kelvin Grove,4059 has offered an average of -6.84% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Kelvin Grove are currently offering property investors an average price cut of -4.83% below the asking price at the moment.

Often selling an investment property can take time, and in Kelvin Grove the average time real estate has been on the market is 80.17 days.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 4.54%, investors should hope to achieve an overall return of 4.99%

YIP MAG Information supplied by:

YIP MAG
June 2016

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Kelvin Grove lies just 2km north of the Brisbane CBD, and is best known as the home of the Queensland University of Technology.Full summary

Opportunities to buy seem to have become harder to find in Kelvin Grove over the past 12 months, according to Real Estate Investar.

Figures for the suburb in Brisbane’s northwest show that stock levels have fallen by 34.3% during that period.

Likely helping the suburb’s popularity with buyers is the fact that it’s home to the Queensland University of Technology Kelvin Grove Campus, making it a prime location for university students looking for accommodation.

Stock levels of both houses and units have fallen over the past year, although the conditions in these two markets have been different.

The median house price currently sits at $750,000, having grown 11% in the past year.

Units, on the other hand, are more affordable, at a median price of $475,000, but have only seen growth of 1% in the past 12 months.

The suburb is within walking distance of the CBD, and as such isn’t on any train lines. However, it is well served by local buses, and is within easy reach of the inner city bypass leading west out of the city, and linking to the M1 leading north and south. Streets are typically wide and tree-lined, and there are a number of parks in the area – as well as a golf course to the east of the suburb.

As you’d expect, it’s a student-heavy suburb: the ABS reports that 20% of the suburb’s population are in higher or technical education, and around half of the properties are rented. However, it’s also popular with young city and medical professionals, which make up 17% of the suburb's workers

Close
HOUSE UNIT
$830,000 $442,500
8.50% -3.28%
10.96% -6.84%
6.51% 4.54%
$500 $425
51 72
3.13% 4.99%
40.68 80.17

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Kelvin Grove QLD
Demographics
Total population 6017
Median household income ($/weekly) 1360
Median age of persons 27
Median housing loan repayment ($/monthly) 2123
Average household size 2.3
  • Census Count Percent(%)
    15-19 years 555 9.2
    20-24 years 1232 20.5
    25-34 years 1524 25.3
    35-44 years 788 13.1
    45-54 years 464 7.7
    Others 1455 24.2
    Age Group
    Census Count Percent(%)
    Not Married 2440 56.6
    Registered Married 1344 31.2
    Defacto Relationship 529 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3661 64.3
    Croatia 216 3.8
    Indonesia 143 2.5
    United Kingdom 222 3.9
    Other 609 10.7
    Others 839 14.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 178 3.3
    Christianity 2613 48.0
    Hinduism 158 2.9
    Islam 443 8.1
    No Religion 1981 36.4
    Others 68 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 177 8.7
    $1,250-$1,499 177 8.7
    $1,500-$1,999 234 11.5
    $2,000-$2,499 158 7.8
    $2,500-$2,999 219 10.8
    Others 1071 52.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1883 37.7
    Not in the labour force 1573 31.5
    Employed, worked part-time 1098 22.0
    Unemployed, looking for work 276 5.5
    Employed, away from work 166 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 343 10.9
    Professionals 1152 36.6
    Community & personal service workers 374 11.9
    Clerical & administrative workers 427 13.6
    Sales 319 10.1
    Others 531 16.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 294 12.6
    Secondary 167 7.1
    Technical or Further Educational Institution 126 5.4
    University or other Tertiary Institutions 1626 69.5
    Other type of educational institution 73 3.1
    Others 52 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2451 47.5
    Flat, unit or apartment 2179 42.2
    Semi-detached, row or terrace house, townhouse 524 10.2
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1351 61.4
    Being purchased 530 24.1
    Fully owned 312 14.2
    Other tenure type 9 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals