Mount Gravatt East

POSTAL CODE: QLD, 4122
HOUSE
UNIT

Based on its average 5-year and quarterly capital gains MOUNT GRAVATT EAST, 4122 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that MOUNT GRAVATT EAST, 4122 obtained a 9.19% growth over a ten-year period. It ranks 385th on our list of suburbs that property investors should look into.

MOUNT GRAVATT EAST, 4122 in QLD belongs to the local government area of Brisbane.

MOUNT GRAVATT EAST, 4122 has a capital gain of 12.51% for the past year, which is lower than average compared to its 95.64% growth within a five-year period.

With the median home price in MOUNT GRAVATT EAST sitting at $1,345,000, and the average rent at $680, property owners could potentially earn a 2.63% increase in gross rental yield.

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

Surburb overview

Mount Gravatt East is a southern suburb of Brisbane, Queensland, located approximately 8 kilometres southeast of the central business district. 

According to the 2021 census, Mount Gravatt East had 12,428 residents. The suburb has experienced steady population growth, increasing from 10,891 in 2011 to 11,845 in 2016. 

Public transportation in Mount Gravatt East is well-developed. Frequent Brisbane City Council bus services connect residents to various parts of the city. Major roads, including Creek Road and Cavendish Road, provide convenient access for motorists.

Essential establishments in Mount Gravatt East include educational institutions such as Mount Gravatt East State School, a government primary school on Newnham Road, and Seton College, a Catholic secondary school on Cavendish Road. Residents can access local shops close to larger shopping centres in neighbouring suburbs for shopping and daily necessities.

The suburb's numerous parks and green spaces support recreational activities. Approximately 5.9% of the total area comprises 14 parks, including the Mount Gravatt East Aquatic Centre, a notable facility for swimming and other water-based activities. 

Mount Gravatt East has experienced significant growth in the property market. The median house price is currently $1,225,000, with an annual capital growth of 22.3%. Rental yields for houses are at 2.9%, with a median rent of $650 per week.

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

 

You’re out of free articles for this month
Loading form...