Drewvale

POSTAL CODE: QLD, 4116
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 38.15% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,195,000

The augmented property values in the suburb are trailing above the territorial average of 14.05% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $730.

Home owners selling their properties and realtors in DREWVALE usually have to wait an average of 35.9 days days before their assets are lifted off the market.

The QLD suburb ranks 572nd on the list of best yielding suburbs for rental properties in QLD, posting a 3.18% return.

It also places places 294th in Australia based on median property value growth during the quarter.

Surburb overview

Drewvale is an outer suburb of Brisbane, Queensland, Australia, approximately 26.1 kilometres south of the city's central business district (CBD). 

Drewvale is located at the interchange of the Gateway Motorway and the Logan Motorway, bordering Logan City. It is Brisbane's fourth-southmost suburb, following Parkinson, Larapinta, and Heathwood. Notably, Drewvale contains the southernmost residential properties in Brisbane, as the south of the suburbs mentioned above are primarily industrial and commercial areas. 

The Drew family farmed the area from the 1870s. Although it was unofficially known as Drewvale for nearly a century, the Queensland Place Names Board officially named it on 1 November 1971. 

According to the 2021 census, Drewvale had a population of 4,779, with a median age of 35. Approximately 49.2% of residents were born in Australia, with significant communities from India (9.7%), New Zealand (6.4%), China (6.3%), England (2.1%), and South Korea (1.9%). English is the predominant language spoken at home (47.0%), followed by Mandarin (10.2%), Malayalam (5.0%), Punjabi (4.2%), Cantonese (3.3%), and Hindi (3.1%). 

There are no schools in Drewvale. The nearest government primary and secondary school is Stretton State College, located in the nearby suburb of Stretton. 

Drewvale is characterised by its quiet streets and modern homes, offering a peaceful, family-friendly environment. Residents have access to urban amenities and natural landscapes, with proximity to shopping centres and parks in neighbouring suburbs. 

The suburb predominantly features newer homes, ranging from 5 to 25 years old, including low and high-set brick houses. Drewvale has experienced population growth, indicating a steady demand for housing. 

Drewvale's combination of suburban tranquillity, modern housing, and accessibility to major transport routes makes it appealing to families and professionals seeking a balanced lifestyle within Brisbane's CBD. 

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