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%
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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.