Suburb Profile Report for Kelvin Grove QLD (4059)

Kelvin Grove House: Median price $825,500, Annual capital growth 5.36%, Number of sales 50, Weekly median advertised rent $490

Kelvin Grove Unit: Median price $430,500, Annual capital growth 2.92%, Number of sales 84, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Kelvin Grove, 4059 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 10.43%.

Kelvin Grove,4059 has offered an average of 10.43% return per annum in house price rises to property investors over the last three years.

Kelvin Grove4059 is located in QLD which offers an average discount of -7.10% to property investors. Kelvin Grove itself is showing figures that indicate -7.32% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

With a capital gain of -9.37% for the last 12 months, Kelvin Grove, 4059 has performed for property investments than its average annual 2.92% property growth over the last 5 years.

The five-year average increase in median property values for Kelvin Grove,4059 has given property investors a potential capital gain of -1.60% across each of those five years.

Sellers are offering property buyers an average discount of -6.09% to buyers in Kelvin Grove at the moment, which is less than average for the rest of QLD.

In the last year 84 properties changed hands in Kelvin Grove, which puts it as the 116th most active market in QLD when comparing the number of sales per suburb.

Situated 2.56km from the CBD, Kelvin Grove is one of Brisbane localities in the postcode 4059.

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
Metrics i HOUSE UNIT
$825,500 $430,500
-0.93% -0.92%
10.43% -9.37%
5.36% 2.92%
$490 $420
50 84
3.09% 5.07%
46.41 93.47

Source: CoreLogic

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