Mount Gravatt

POSTAL CODE: QLD, 4122
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Homeowners and real estate investors betting on MOUNT GRAVATT, 4122 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 25.08%.

A steady increase in median property prices over a five-year period in the suburb translates to a 41.86% capital gain.

Property investors in MOUNT GRAVATT enjoyed capital gains of 25.08% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb 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 $1,420,000.

Profits due to an upward trend in home prices there averaged 13.95% per annum over a 3-year period.

Home owners selling their properties and realtors in MOUNT GRAVATT usually have to wait an average of 29.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $700 mark, reflecting a 2.56% increase in returns based on the current median price in MOUNT GRAVATT.

MOUNT GRAVATT, 4122 places 130th in Australia based on median property value growth during the quarter.

Surburb overview

Mount Gravatt is a southern suburb of Brisbane, Queensland, located approximately 10.4 kilometres south-southeast of the central business district. 

According to the 2021 census, Mount Gravatt had 3,733 residents, with a median age of 36. The suburb's demographic profile indicates that 67.9% of residents were born in Australia, with New Zealand (2.8%), India (2.7%), and England (2.5%) being the following most common countries of birth. 

Several bus routes connecting the suburb to Brisbane's central business district and surrounding areas facilitate public transportation in Mount Gravatt. The South-East Busway, accessible from nearby suburbs, provides efficient transit options for residents. Additionally, major roads such as Logan Road and the Pacific Motorway run through the area, facilitating convenient travel by car. 

Essential establishments in Mount Gravatt include educational institutions like Mount Gravatt State School, a government primary school located at 1263 Logan Road. Residents can also access local shops along Logan Road near larger shopping centres in neighbouring suburbs for shopping and daily necessities.

The suburb's parks and green spaces allow residents to engage in recreational activities. The prominent Mount Gravatt hill offers a lookout with panoramic views of Brisbane, and the surrounding area includes walking trails and picnic spots. 

Mount Gravatt's property market has grown. The median house price is currently $1,037,500, with an annual capital growth of 5.28%. Rental yields for houses are 3.32%, with a median rent of $635 per week. 

Mount Gravatt presents a blend of residential convenience, essential services, and recreational opportunities, contributing to its appeal as a suburb in Brisbane. 

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