Property value increases in Ellen Grove have tracked higher than the QLD average of 12.16% over the last 12 months.
Ellen Grove is 385th on a list of best yielding suburbs for rents in QLD with a 4.52% return
A -27.56% growth in median value for property investors in Ellen Grove,4078 puts this suburb at number 255th in terms of best performing suburbs in QLD
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Ellen Grove, QLD – Good yields with low prices
Median house price: $294,000
Three-year growth: 10.1%
Rental yield: 5.7%
Situated on the fringe of Brisbane, the suburb of Ellen Grove was established in the late 1950s to early 1960s. It was named for the daughter of R.P. Spinks, who originally owned the land.
Houses here are very low priced at less than $300,000 while offering reasonable rental returns of 5.7%.
The Centenary Highway runs through the suburb, and the Logan Motorway borders part of Ellen Grove, making it a highly accessible area. It enjoys a peaceful atmosphere that is ideal for raising children, especially with the presence of a local primary school. Residents are served by a shopping centre and a railway station. The Brisbane mobile library stops by the suburb once a fortnight.