Question 1

Is Graceville a nice place to live?

Accepted Answer

Graceville is a leafy riverside suburb in Brisbane's inner west with tree-lined streets, mature gardens and a distinctly village feel. Housing is dominated by classic Queenslanders and federation-era cottages with sympathetic renovations, giving a low-rise, domestic character and generous yards. The suburb is home to 4,764 people, with a median age of 39 and a median household income of $2,929 a week. It is a suburb of families — around three in five households are couple families with children — and most homes are owner-occupied rather than rented.

Everyday life centres on Graceville railway station and a small shopping strip of cafes and services, while riverside parks and walking and cycling routes make outdoor activity easy. Local upgrades to the parklands, station accessibility and school facilities are under way or recently finalised, and there is active work on the local dog off-leash area and riparian restoration. That combination of quiet residential streets, local amenities and straightforward public transport tends to suit families and professionals; whether it suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Graceville?

Accepted Answer

Buying a house in Graceville at the median price of $1,800,000 works out to about 11.8 times a typical local household's annual income at the last Census (median household income $2,929 a week). Renting a house at about $820 a week would take roughly 28% of that typical local weekly household income, so on these figures renting looks the more manageable option while buying sits well above what people locally earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Graceville a good place to invest?

Accepted Answer

Unit values in Graceville climbed 16.8% over the past 12 months and house values rose 10.7% — both strong increases, with units gaining more than houses. The value figures point to capital growth over the 12-month period.

Over the same year, house rents edged down 1.2%, so rental income from houses fell slightly while prices increased. Which of those outcomes matters to you will depend on whether you are prioritising capital growth or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.80M	N/A
Change in value Past 12 months	10.7%	16.8%
Sold Past 3 months	20	1
Median days on market Past 12 months	29	N/A
Average rent Past 12 months	$820	N/A
Change in rent Past 12 months	-1.2%	N/A

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