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Kelvin Grove

POSTAL CODE: QLD, 4059
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Property investments in KELVIN GROVE fare well against the rest of the country last year, registering a median home price increase of 23.28%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains KELVIN GROVE, 4059 saw average growth in the long term.

Real estate investors could earn a rental income of $685 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 38.5 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,430,000.

KELVIN GROVE ranks 712th on the list of best yielding suburbs for rental properties in QLD, posting a 2.49% return.

Surburb overview

Kelvin Grove, located just 3 kilometres northwest of Brisbane’s CBD, is a vibrant inner-city suburb known for its blend of modern amenities and historical charm. The suburb has a population of around 7,927, with a predominant age group of 20-29. Due to its proximity to the Queensland University of Technology (QUT) Kelvin Grove campus and the Royal Brisbane Hospital, it attracts a mix of students, professionals, and families.

The suburb's housing market includes various properties, from traditional Queenslander homes to modern apartments. The median house price in Kelvin Grove is currently around $1,250,000, while units are priced at approximately $600,000. The rental market is strong, with median weekly rents at $680 for houses and $600 for units, yielding rental returns of 3.27% for houses and 5.65% for units.

Kelvin Grove is well-connected by public transportation, with regular bus services and easy access to major arterial roads, making commuting convenient for residents. The suburb features a range of local amenities, including cafes, restaurants, and the popular Saturday morning markets at the Kelvin Grove Urban Village. It is also known for its green spaces, such as the nearby Victoria Park, providing residents with plenty of outdoor recreational options.

The suburb’s demographics are diverse, with a mix of young professionals, students, and older residents, contributing to a vibrant community atmosphere. Kelvin Grove’s educational institutions, such as Kelvin Grove State College and QUT, make it a hub for education and culture.

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