Suburb Profile Report for Gracemere QLD (4702)

Gracemere House: Median price $262,250, Annual capital growth -1.79%, Number of sales 137, Weekly median advertised rent $320

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

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

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  • House Report

Gracemere, 4702 ranked 439th in QLD when comparing growth in median property values or capital gain over the last 12 months. Gracemere is one of 2415 in our list for QLD

Comparing Gracemere,4702 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Sellers are offering property buyers an average discount of -7.23% to buyers in Gracemere at the moment, which is less than average for the rest of QLD.

At number 2637 in a list of fastest selling suburbs, Gracemere is in the bottom 30% of suburbs in Australia with an average of days on market 93.7265 for properties listed there.

Advertised rents are around the $320 mark per week – giving a return of 6.35% based on the median price in Suburb

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 “Listings are being taken very quickly,” says Jodi Schofield, business development manager at Harcourts-Gracemere. “It’s an in demand suburb. It’s self-sufficient and it caters to families with parents that work in Rockhampton or mining areas.” 

The area’s strong point is that it is a much more desirable place for many families to live than in the mining areas that employ a large portion of the residents within this part of Queensland. It shares this position with Gladstone and Mackay, but Schofield says that Gracemere is a good $100,000 cheaper than some of the suburbs in those cities. “We’re already seeing demand pick up,” she says, adding that she expects prices to do well this year. 

Best street(s):     Some of the best value homes are located along Lamb Avenue, Kate St and Ingram Dr.

Metrics i HOUSE UNIT
$262,250 N/A
-1.04% N/A
0.67% N/A
-1.79% N/A
$320 N/A
137 N/A
6.35% N/A
93.7264957264957 N/A

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

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 8400
Median household income ($/weekly) 1494
Median age of persons 30
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 856 10.2
    5-14 years 1306 15.5
    25-34 years 1450 17.3
    35-44 years 1124 13.4
    45-54 years 1040 12.4
    Others 2624 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 2812 52.3
    Not Married 1777 33.0
    Defacto Relationship 788 14.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7259 92.3
    Papua New Guinea 147 1.9
    South Africa 57 0.7
    United Kingdom 151 1.9
    Other 75 1.0
    Others 174 2.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.3
    Christianity 5676 75.6
    Hinduism 46 0.6
    Other Religious Groups 36 0.5
    No Religion 1712 22.8
    Others 14 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 193 8.5
    $1,250-$1,499 204 9.0
    $1,500-$1,999 412 18.2
    $2,000-$2,499 271 12.0
    $2,500-$2,999 232 10.2
    Others 954 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2676 46.3
    Not in the labour force 1582 27.4
    Employed, worked part-time 1033 17.9
    Employed, away from work 297 5.1
    Unemployed, looking for work 196 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 448 11.2
    Technicians & trades workers 766 19.1
    Clerical & administrative workers 609 15.2
    Machinery operators & drivers 578 14.4
    Labourers 435 10.8
    Others 1177 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 93 5.0
    Infants/Primary 858 46.5
    Secondary 488 26.4
    Technical or Further Educational Institution 184 10.0
    University or other Tertiary Institutions 179 9.7
    Others 45 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7399 97.2
    Flat, unit or apartment 103 1.4
    Caravan, cabin, houseboat 53 0.7
    Semi-detached, row or terrace house, townhouse 50 0.7
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1130 42.6
    Rented 909 34.3
    Fully owned 598 22.5
    Other tenure type 16 0.6
    Tenure Type
Census 2011, ABS
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