Suburb Profile Report for Upper Mount Gravatt QLD (4122)

Upper Mount Gravatt House: Median price $660,000, Annual capital growth 3.66%, Number of sales 99, Weekly median advertised rent $425

Upper Mount Gravatt Unit: Median price $385,000, Annual capital growth 0.09%, Number of sales 48, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Upper Mount Gravatt, 4122 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.54%

A 13.79% growth in median value for property investors in Upper Mount Gravatt,4122 puts this suburb at number 224th in terms of best performing suburbs in QLD

Upper Mount Gravatt4122 is located in QLD which offers an average discount of -5.18% to property investors. Upper Mount Gravatt itself is showing figures that indicate -3.58% is the average achievable by property buyers investing in the suburb.

At number 591 in a list of fastest selling suburbs, Upper Mount Gravatt is in the TOP 20% of suburbs in Australia with an average of days on market 47.2321 for properties listed there.

Renters in Suburb are facing rents around $22100 per annum or $425 every week.

Property value increases in Upper Mount Gravatt have tracked just higher than the QLD average of 1.55% over the last 12 months.

Upper Mount Gravatt,4122 was ranked 784 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Upper Mount Gravatt is offering property investors an average of -4.85. This rate of discount on properties puts Suburb at number 87th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Upper Mount Gravatt the average time real estate has been on the market is 117.174 days.

Upper Mount Gravatt, 4122’s gross rental yield is 6.08%

Metrics i HOUSE UNIT
$660,000 $385,000
3.61% 0.52%
9.54% 6.21%
3.66% 0.09%
$425 $450
99 48
3.35% 6.08%
47.2321428571429 117.173913043478

Source: Monthly data update for Nov 2020 as supplied by CoreLogic. Data is reported to the period ending Aug 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 8852
Median household income ($/weekly) 1155
Median age of persons 34
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 767 8.7
    20-24 years 1019 11.5
    25-34 years 1647 18.6
    35-44 years 1097 12.4
    45-54 years 843 9.5
    Others 3479 39.3
    Age Group
    Census Count Percent(%)
    Not Married 3026 48.3
    Registered Married 2620 41.8
    Defacto Relationship 625 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5251 65.7
    Croatia 276 3.5
    Papua New Guinea 291 3.6
    United Kingdom 297 3.7
    Other 637 8.0
    Others 1239 15.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 258 3.4
    Christianity 4921 64.8
    Hinduism 201 2.6
    Islam 305 4.0
    No Religion 1788 23.5
    Others 122 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 286 10.2
    $600-$799 260 9.3
    $800-$999 244 8.7
    $1,500-$1,999 356 12.8
    $2,000-$2,499 290 10.4
    Others 1355 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2566 38.3
    Employed, worked full-time 2409 35.9
    Employed, worked part-time 1211 18.1
    Unemployed, looking for work 299 4.5
    Employed, away from work 217 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 391 10.2
    Professionals 965 25.2
    Technicians & trades workers 505 13.2
    Clerical & administrative workers 601 15.7
    Sales 384 10.0
    Others 990 25.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 460 22.1
    Secondary 330 15.9
    Technical or Further Educational Institution 226 10.9
    University or other Tertiary Institutions 890 42.8
    Other type of educational institution 102 4.9
    Others 71 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5657 74.5
    Flat, unit or apartment 1039 13.7
    Semi-detached, row or terrace house, townhouse 887 11.7
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1065 35.6
    Fully owned 1046 35.0
    Being purchased 804 26.9
    Other tenure type 76 2.5
    Tenure Type
Census 2011, ABS
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