Kelvin Grove has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -7.83% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kelvin Grove has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
The QLD suburb of Kelvin Grove, 4059 is in the Brisbane local government area.
At number 1343th in the list of Australian suburbs ordered by increase in median house value over the last year, Kelvin Grove, 4059 is in the BOTTOM 30% with a property value increase of -3.82% recorded in median house prices.
Across a shorter period, Kelvin Grove, 4059 has seen a median price increase of 1.00% over the last quarter.
Kelvin Grove lies just 2km north of the Brisbane CBD, and is best known as the home of the Queensland University of Technology.Full summary
Information supplied by:
Opportunities to buy seem to have become harder to find in Kelvin Grove over the past 12 months, according to Real Estate Investar.
Figures for the suburb in Brisbane’s northwest show that stock levels have fallen by 34.3% during that period.
Likely helping the suburb’s popularity with buyers is the fact that it’s home to the Queensland University of Technology Kelvin Grove Campus, making it a prime location for university students looking for accommodation.
Stock levels of both houses and units have fallen over the past year, although the conditions in these two markets have been different.
The median house price currently sits at $750,000, having grown 11% in the past year.
Units, on the other hand, are more affordable, at a median price of $475,000, but have only seen growth of 1% in the past 12 months.
The suburb is within walking distance of the CBD, and as such isn’t on any train lines. However, it is well served by local buses, and is within easy reach of the inner city bypass leading west out of the city, and linking to the M1 leading north and south. Streets are typically wide and tree-lined, and there are a number of parks in the area – as well as a golf course to the east of the suburb.
As you’d expect, it’s a student-heavy suburb: the ABS reports that 20% of the suburb’s population are in higher or technical education, and around half of the properties are rented. However, it’s also popular with young city and medical professionals, which make up 17% of the suburb's workersClose