At number 3213th in the list of Australian suburbs ordered by increase in median house value over the last year, Ellen Grove, 4078 is in the BOTTOM 30% with a property value increase of -5.10% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ellen Grove has increased when compared to the 5 year average annual rate.
The QLD suburb of Ellen Grove, 4078 is in the Brisbane (C) local government area.
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Ellen Grove, QLD – Good yields with low prices
Median house price: $294,000
Three-year growth: 10.1%
Rental yield: 5.7%
Situated on the fringe of Brisbane, the suburb of Ellen Grove was established in the late 1950s to early 1960s. It was named for the daughter of R.P. Spinks, who originally owned the land.
Houses here are very low priced at less than $300,000 while offering reasonable rental returns of 5.7%.
The Centenary Highway runs through the suburb, and the Logan Motorway borders part of Ellen Grove, making it a highly accessible area. It enjoys a peaceful atmosphere that is ideal for raising children, especially with the presence of a local primary school. Residents are served by a shopping centre and a railway station. The Brisbane mobile library stops by the suburb once a fortnight.