Suburb Profile Report for Grange QLD (4051)

Grange House: Median price $920,000, Annual capital growth 3.64%, Number of sales 75, Weekly median advertised rent $625

Grange Unit: Median price $387,000, Annual capital growth 3.20%, Number of sales 14, Weekly median advertised rent $315

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Grange is in the bottom 30% in QLD when comparing median price capital growth over the last year. Grange gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.04%.

A 22.50% growth in median value for property investors in Grange,4051 puts this suburb at number 468th in terms of best performing suburbs in QLD

Grange, 4051 is offering QLD ‘s 664th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

A $625 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 3.64%.

At number 732th in the list of Australian suburbs ordered by increase in median house value over the last year, Grange, 4051 is in the top half with a property value increase of -1.90% recorded in median house prices.

With the median price for a house in Grange being $387000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.23%

Information supplied by:


April 2019

M
O

W
E

Houses are snapped up fast

Postcode: 4051

Median unit price: $953,750

Three-year growth: 9.6%

Rental yield: 3.1%

Situated in the inner north of Brisbane, the suburb of Grange is peppered with houses in the Queenslander style. The suburb was once composed of open grassland and plains, but has since developed into an area that is rich in amenities. 

Residents can enjoy cycling along the local trails and parks. There’s a lovely view of the nearby hills and of Kedron Brook, as well as coffee shops for those who just want to kick back and relax. Grange is within the Wilston school catchment, and there are universities in the vicinity.

While the tunnels in the suburb lead to major arterial roads, Grange maintains a peaceful atmosphere. It is clearly among the most in-demand suburbs in the area, as houses continue to sell in just 38 days on average despite its median price being close to $1m.

Metrics i HOUSE UNIT
$920,000 $387,000
-0.24% N/A
-4.04% -1.90%
3.64% 3.20%
$625 $315
75 14
3.53% 4.23%
47.0483870967742 54.3

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4163
Median household income ($/weekly) 2097
Median age of persons 36
Median housing loan repayment ($/monthly) 2375
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 365 8.8
    5-14 years 668 16.0
    25-34 years 512 12.3
    35-44 years 882 21.2
    45-54 years 578 13.9
    Others 1158 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 1517 52.1
    Not Married 1112 38.2
    Defacto Relationship 283 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3285 81.8
    Japan 39 1.0
    Papua New Guinea 144 3.6
    United Kingdom 217 5.4
    Other 85 2.1
    Others 247 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 0.8
    Christianity 2749 71.0
    Hinduism 15 0.4
    Other Religious Groups 15 0.4
    No Religion 1042 26.9
    Others 18 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 128 9.6
    $2,000-$2,499 140 10.5
    $2,500-$2,999 207 15.5
    $3,000-$3,499 161 12.0
    $4,000 or more 127 9.5
    Others 575 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1445 47.7
    Not in the labour force 709 23.4
    Employed, worked part-time 654 21.6
    Employed, away from work 130 4.3
    Unemployed, looking for work 92 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 337 15.1
    Professionals 832 37.3
    Technicians & trades workers 200 9.0
    Community & personal service workers 177 7.9
    Clerical & administrative workers 350 15.7
    Others 337 15.1
    Occupation
    Census Count Percent(%)
    Pre-school 94 8.2
    Infants/Primary 505 44.1
    Secondary 227 19.8
    Technical or Further Educational Institution 46 4.0
    University or other Tertiary Institutions 256 22.4
    Others 17 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3533 88.7
    Flat, unit or apartment 259 6.5
    Semi-detached, row or terrace house, townhouse 179 4.5
    House or flat attached to a shop, office 12 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 613 42.2
    Fully owned 434 29.9
    Rented 399 27.5
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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