Upper Mount Gravatt

POSTAL CODE: QLD, 4122

HOUSE

UNIT

Property investors have seen a 2.5% gain in UPPER MOUNT GRAVATT based on an increase in median home prices for the past three months.

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

The QLD 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 $1,230,000

Profits averaged 10% per annum over a 3-year period, due to an upward trend in home prices in UPPER MOUNT GRAVATT, 4122.

This means, real estate investors could earn a rental income of $675 based on current median home prices for the suburb.

The gross rental yield in UPPER MOUNT GRAVATT, 4122 is 2.85%.

An average of 11.08 real estate transactions take place per month in UPPER MOUNT GRAVATT which translates to 133 per annum.

Property investments in UPPER MOUNT GRAVATT fare well against the rest of the country last year, registering a median home price increase of 21.59%.

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

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

This means, real estate investors could earn a rental income of $670 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In UPPER MOUNT GRAVATT, homes and units usually stay on listing for an average of 33.5 days.

the QLD 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 $749,000

Investors saw the median home price rise to $749,000.

UPPER MOUNT GRAVATT ranks 146th on the list of best yielding suburbs for rental properties in QLD, posting a 4.65% return.

Surburb overview

Upper Mount Gravatt is a suburb located approximately 11 kilometres south of Brisbane's central business district.

According to the 2021 census, Upper Mount Gravatt had 10,800 residents. The suburb has experienced steady population growth, increasing from 8,852 in 2011 to 9,227 in 2016. The predominant age group is 20-29, and households primarily comprise childless couples.

Public transportation in Upper Mount Gravatt is well-developed, with the South-East Busway passing through the suburb. The Garden City Shopping Centre is a central transport hub, providing residents efficient access to various parts of Brisbane. Major roads such as Logan Road and the Pacific Motorway also run through the area, facilitating convenient car travel.

Essential establishments in Upper Mount Gravatt include the Westfield Garden City Shopping Centre, which offers a wide range of retail stores, dining options, and entertainment facilities. The suburb also contains the State Netball Centre, a significant police district station, and a regional Australian Taxation Office.

The suburb's numerous parks and green spaces support recreational activities. Eleven parks, covering nearly 5.9% of the total area, provide areas for outdoor activities and community gatherings.

The property market experienced significant growth. The median house price is $1,077,538, with an annual capital growth of 17.38%. Rental yields for houses are at 3.23%, with a median rent of $650 per week.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,230,000	$749,000
Growth Report
Median Quarterly	2.5%	11.62%
Median 12 month	3.36%	21.59%
Median 3 years	30.24%	56.78%
Median 5 years	84.55%	96.59%
10 years average annual	8.1%	5.54%
Weekly media advert. rent	$675	$670
Time on Market	35.4 days	33.5 days
Gross Rental Yield Percent	2.85%	4.65%

Demographics (Median Values)*

Total Population 7911

Weekly Household Income 1017

Household Size 2.40

Average Age 36

Monthly Loan Repayment 1424

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

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