Suburb Profile Report for Mount Gravatt East QLD (4122)

Mount Gravatt East House: Median price $590,000, Annual capital growth 5.47%, Number of sales 185, Weekly median advertised rent $430

Mount Gravatt East Unit: Median price $455,551, Annual capital growth 4.97%, Number of sales 114, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Mount Gravatt East, 4122 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.68%.

Over the longer term, Mount Gravatt East has seen property prices show investors a 19.19% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Mount Gravatt East 4122 should be seeing an average reduction in asking price of around -5.12% . This means that Mount Gravatt East is holding prices well when compared to other suburbs in QLD.

Mount Gravatt East is 628th on a list of best yielding suburbs for rents in QLD with a 3.79% return

Giving property investors a an unimpressive capital gain of 0.12% for the last year, Mount Gravatt East, 4122 is the 1068th highest performer in Australia in this respect.

Across a shorter period, Mount Gravatt East, 4122 has seen a median price increase of 0.56% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mount Gravatt East is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 107th in terms of most discounted suburbs in QLD

With the median price for a house in Mount Gravatt East being $455551 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 4.62%

HOUSE UNIT
$590,000 $455,551
0.85% 0.56%
1.68% 0.12%
5.47% 4.97%
$430 $405
185 114
3.79% 4.62%
45.38 96.89

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 10891
Median household income ($/weekly) 1477
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1225 11.2
    25-34 years 2027 18.6
    35-44 years 1697 15.6
    45-54 years 1318 12.1
    55-64 years 922 8.5
    Others 3702 34.0
    Age Group
    Census Count Percent(%)
    Not Married 3613 44.0
    Registered Married 3593 43.7
    Defacto Relationship 1010 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 7824 74.0
    Indonesia 232 2.2
    Papua New Guinea 383 3.6
    United Kingdom 386 3.6
    Other 693 6.6
    Others 1062 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 226 2.2
    Christianity 7073 69.1
    Islam 382 3.7
    Other Religious Groups 179 1.7
    No Religion 2223 21.7
    Others 149 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 310 8.4
    $1,250-$1,499 316 8.6
    $1,500-$1,999 510 13.9
    $2,000-$2,499 408 11.1
    $2,500-$2,999 360 9.8
    Others 1775 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3679 42.8
    Not in the labour force 2695 31.4
    Employed, worked part-time 1613 18.8
    Employed, away from work 317 3.7
    Unemployed, looking for work 291 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 630 11.2
    Professionals 1654 29.5
    Technicians & trades workers 690 12.3
    Community & personal service workers 483 8.6
    Clerical & administrative workers 914 16.3
    Others 1240 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 131 5.2
    Infants/Primary 861 33.9
    Secondary 510 20.1
    Technical or Further Educational Institution 280 11.0
    University or other Tertiary Institutions 656 25.8
    Others 101 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8701 83.9
    Semi-detached, row or terrace house, townhouse 953 9.2
    Flat, unit or apartment 697 6.7
    House or flat attached to a shop, office 18 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1463 37.0
    Being purchased 1379 34.9
    Fully owned 1094 27.7
    Other tenure type 16 0.4
    Tenure Type
Census 2011, ABS
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