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Grange, QLD 4051

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Grange, QLD 4051 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Grange, QLD 4051”

  1. The total adult population (15 years or older) of Grange 4051 QLD is 3,500, with a median age of 37. Of those, 53.20% are married, 8.34% are divorced or separated, 35.26% are single and 3.00% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $15,468. The median monthly mortgage repayment for households in this suburb is $2,600 which is 16.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within Queensland, the suburb of Grange 4051 is home to an estimated 2,203 households. Fast forward to Q3 of 2023, the typical selling price for houses in Grange 4051 is sitting at an impressive $1,599,710, accompanying a median weekly rent of $752. The indicative return on investment is calculated at 2.44% yield.

    Residents of the Grange area enjoy a high socio-economic status, demonstrated through the suburbs’ IRSAD score of 1150 out of 1217. It’s clear that this affluent community boasts privileged access to economic resources, with high-income levels and a majority professional workforce.

    When it comes to property ownership, Grange 4051 leans more towards a balanced rental market, showing a renter to owner ratio of 32%, indicating a healthy mix of property buyers and renters. In terms of housing type, the majority of the market is dominated by houses, illustrated by a favourable units to houses ratio of 6%.

    However, it’s important to point out the affordability index in the area is coming in at 40 years. This denotes a longer estimated time frame required for buyers to entirely own a property in the suburb.

    On the supply front, Grange 4051 presents a highly favourable market. The stock on market Percentage is at an ultra-low 0.06%, accompanied by an inventory Level of 0.3 months. These numbers demonstrate a highly competitive market with limited stock suggesting a strong potential for capital gains. Meanwhile, the building approvals Ratio for houses is preserved at a modest 0.36%.

    The demand metrics showcase an average days on market for houses at 36 days, indicating a reasonable level of buyer interest. Vacancy rates, encompassing both houses and units, sit at an extremely favourable 0.99%, suggesting high demand with limited supply.

    Both property buyers and investors are showing high interest in this suburb, highlighted by a buy search index of 8. As always, staying updated with the current property market data is essential for making informed real estate decisions.

    In conclusion, despite its higher price point and longer affordability index, Grange 4051, with its strong socio-economic setting, low supply signals, and active buyer interest, should not be overlooked as a potential spot for investment.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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