Ellen Grove

POSTAL CODE: QLD, 4078

HOUSE

UNIT

Homeowners and real estate investors betting on ELLEN GROVE, 4078 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 33.26%.

A steady increase in median property prices over a five-year period in the suburb translates to a 68.75% capital gain.

Property investors in ELLEN GROVE enjoyed capital gains of 33.26% over the last 12 months translating to higher returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $877,500.

Profits due to an upward trend in home prices there averaged 22.92% per annum over a 3-year period.

Home owners selling their properties and realtors in ELLEN GROVE usually have to wait an average of 30.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 3.85% increase in returns based on the current median price in ELLEN GROVE.

ELLEN GROVE, 4078 places 163rd in Australia based on median property value growth during the quarter.

Property investors in ELLEN GROVE enjoyed capital gains of 17.01% over the last 12 months translating to higher returns compared with its peers in the territory.

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

ELLEN GROVE posted a 63.17% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $570 mark, reflecting a 4.43% increase in returns based on the current median price in ELLEN GROVE.

ELLEN GROVE, 4078 ranks 204th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

ELLEN GROVE ranks 150th on the list of best yielding suburbs for rental properties in QLD, posting a 4.43% return.

Surburb overview

Ellen Grove is an outer southwestern suburb of Brisbane. It is approximately 23.9 kilometres south-west of Brisbane's central business district. According to the 2021 census, Ellen Grove has 3,586 residents.

Ellen Grove is accessible via major roads, including the Logan Motorway along its southern boundary and the Centenary Highway, which passes through the suburb from north to south.

The suburb contains a small shopping centre at 255 Waterford Road, providing basic amenities for residents.

Ellen Grove features several parks and green spaces, offering residents outdoor activities and leisure opportunities.

Ellen Grove's combination of residential areas, accessibility via major highways, and green spaces contributes to its appeal as a suburban area within Brisbane.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$877,500	$669,000
Growth Report
Median Quarterly	5.72%	1.36%
Median 12 month	33.26%	17.01%
Median 3 years	68.75%	63.17%
Median 5 years	147.18%	150.33%
10 years average annual	13.67%	16.88%
Weekly media advert. rent	$650	$570
Time on Market	30.2 days	27.6 days
Gross Rental Yield Percent	3.85%	4.43%

Demographics (Median Values)*

Total Population 354

Weekly Household Income 1165

Household Size 3.30

Average Age 41

Monthly Loan Repayment 1192

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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