Suburb Profile Report for Upper Mount Gravatt QLD (4122)

Upper Mount Gravatt House: Median price $610,000, Annual capital growth 6.83%, Number of sales 154, Weekly median advertised rent $400

Upper Mount Gravatt Unit: Median price $452,000, Annual capital growth 3.55%, Number of sales 104, Weekly median advertised rent $435

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Upper Mount Gravatt have tracked just higher than the QLD average of 1.88% over the last 12 months.

Upper Mount Gravatt,4122 was ranked 1291 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Upper Mount Gravatt itself are offering an average vendor discount of -7.94% to real estate investors.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 6.83%.

Investment property in Upper Mount Gravatt has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.55%

Upper Mount Gravatt,4122 has offered an average of 3.55% return per annum in house price rises to property investors over the last three years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.97% offered to property buyers. Sellers in Upper Mount Gravatt itself are offering an average vendor discount of -4.39% to real estate investors.

Upper Mount Gravatt is 228th on a list of best yielding suburbs for rents in QLD with a 5.00% return

HOUSE UNIT
$610,000 $452,000
2.52% 0.44%
6.55% 3.55%
6.83% 3.55%
$400 $435
154 104
3.41% 5.00%
48.68 84.84

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 8852
Median household income ($/weekly) 1155
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 767 8.7
    20-24 years 1019 11.5
    25-34 years 1647 18.6
    35-44 years 1097 12.4
    45-54 years 843 9.5
    Others 3479 39.3
    Age Group
    Census Count Percent(%)
    Not Married 3026 48.3
    Registered Married 2620 41.8
    Defacto Relationship 625 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5251 65.7
    Croatia 276 3.5
    Papua New Guinea 291 3.6
    United Kingdom 297 3.7
    Other 637 8.0
    Others 1239 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 258 3.4
    Christianity 4921 64.8
    Hinduism 201 2.6
    Islam 305 4.0
    No Religion 1788 23.5
    Others 122 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 286 10.2
    $600-$799 260 9.3
    $800-$999 244 8.7
    $1,500-$1,999 356 12.8
    $2,000-$2,499 290 10.4
    Others 1355 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2566 38.3
    Employed, worked full-time 2409 35.9
    Employed, worked part-time 1211 18.1
    Unemployed, looking for work 299 4.5
    Employed, away from work 217 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 10.2
    Professionals 965 25.2
    Technicians & trades workers 505 13.2
    Clerical & administrative workers 601 15.7
    Sales 384 10.0
    Others 990 25.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 460 22.1
    Secondary 330 15.9
    Technical or Further Educational Institution 226 10.9
    University or other Tertiary Institutions 890 42.8
    Other type of educational institution 102 4.9
    Others 71 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5657 74.5
    Flat, unit or apartment 1039 13.7
    Semi-detached, row or terrace house, townhouse 887 11.7
    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 1065 35.6
    Fully owned 1046 35.0
    Being purchased 804 26.9
    Other tenure type 76 2.5
    Tenure Type
Census 2011, ABS
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