Grange has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 12.82% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Grange comes in at number 89th in QLD.
The most recent median price for Grange is $1043056, with sellers offering an average of -4.10% off the asking price.
At number 251 in a list of fastest selling suburbs, Grange is in the TOP 10% of suburbs in Australia with an average of days on market 44.9808 for properties listed there.
A $590 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 4.07%.
With a capital gain of 0.78% for the last 12 months, Grange, 4051 has performed for property investments than its average annual 19.72% property growth over the last 5 years.
Over the longer term, Grange has seen property prices show investors a -27.19% return over the last 3 years. This is an improvement over the last 12 months
In the last year 11 properties changed hands in Grange, which puts it as the 334th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $352.5 weekly from the median priced house in this suburb.
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Houses are snapped up fast
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.