Investment property in Grange has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.33%
Across a shorter period, Grange, 4051 has seen a median price increase of 7.32% over the last quarter.
Our latest figures would indicate that property sellers in Grange are currently offering property investors an average price cut of -2.47% below the asking price at the moment.
Advertised rents are around the $650 mark per week – giving a return of 3.07% based on the median price in Suburb
A 25.67% growth in median value for property investors in Grange,4051 puts this suburb at number 232th in terms of best performing suburbs in QLD
Using the current median advertised rental of $310 and the average annual increase in value of a median property of -3.78%, investors should hope to achieve an overall return of 2.74%
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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.