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Kelvin Grove suburb profile

Kelvin Grove is a vibrant inner-city suburb of Brisbane, located just 3km from the CBD. Known for its educational and cultural significance, it is home to the Queensland University of Technology's Kelvin Grove campus and the creative precinct of the Kelvin Grove Urban Village. The suburb offers a lively atmosphere with a mix of modern apartments, heritage homes, and green spaces. Kelvin Grove's bustling markets, cafes, and proximity to the Victoria Park Golf Complex make it a popular choice for students, professionals, and families. Its blend of academic, cultural, and recreational amenities contributes to its dynamic community appeal.

Kelvin Grove property market performance

Current median dwelling price$1,162,500Past 3 months

Property growth+17.5%Past 12 months

Kelvin Grove’s property market has experienced robust growth over the past 12 months, with house values increasing by 14.8% and unit values surging by 19.1%. The median house price has reached $1.43 million, while units have averaged $850,000, indicating strong demand across both property types.

Sales activity has been active, with 11 houses and 27 units sold in the past 12 months. Properties are moving quickly, with houses spending a median of just 17 days on the market and units even less at 13 days, reflecting high buyer interest.

The rental market in Kelvin Grove has also seen notable changes, with house rents increasing by 3.0% and unit rents rising by 8.3% over the last 12 months, suggesting a strong rental demand, particularly for units.

HousesUnits
Median price
Past 3 months
N/A$895K
Change in value
Past 12 months
14.9%20.0%
Sold
Past 3 months
919
Median days on market
Past 12 months
1713
Average rent
Past 12 months
$683$650
Change in rent
Past 12 months
1.9%8.3%

5 year median price trend for houses and units

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Kelvin Grove demographics

Kelvin Grove, located just a few kilometers from Brisbane's CBD, is a vibrant suburb known for its youthful energy and educational institutions. With a median age of 28, the suburb is home to a significant number of students and young professionals, many of whom are drawn to the area by the presence of the Queensland University of Technology's Kelvin Grove campus. This youthful demographic contributes to the suburb's dynamic atmosphere, with a variety of cafes, restaurants, and cultural events catering to the tastes of its residents.

The housing landscape in Kelvin Grove is predominantly rental-based, with 66% of properties being rented. This high rental rate reflects the suburb's appeal to students and young professionals seeking flexible living arrangements. Despite the strong rental market, there is also a notable proportion of property ownership, with 13.1% of homes owned outright and 20.9% owned with a mortgage, indicating a stable community of long-term residents.

Family structures in Kelvin Grove are diverse, with couple families without children making up 40.8% of the population, closely followed by couple families with children at 37.7%. One-parent families account for 17.2%, while other family types make up 4.3%. This mix of family types, along with the suburb's proximity to the city and educational facilities, makes Kelvin Grove an attractive location for a wide range of residents, from young singles to growing families.

Suburbs near Kelvin Grove

Some popular suburbs near Kelvin Grove include:

How does Kelvin Grove compare to nearby suburbs?

  • Median house prices: Kelvin Grove’s median house price is 37.3% lower than Red Hill’s.
  • Median unit prices: Kelvin Grove’s median unit price is 11.2% higher than Spring Hill’s.
  • House price growth: Over the past 12 months, house prices in Kelvin Grove have grown 16.5% higher than in Red Hill.
  • Unit price growth: Over the past 12 months, unit prices in Kelvin Grove have grown 14.6% higher than in Red Hill.
  • Selling speed for houses: Properties in Kelvin Grove are selling 43.3% faster than in Paddington.
  • Selling speed for units: Properties in Kelvin Grove are selling 13.3% faster than in Spring Hill.
  • Investment considerations: In Kelvin Grove, the rental yield for house is 3.7% lower than the Brisbane average, while the rental yield for units is 0.5% lower.
  • House price growth: Over the past 12 months, house prices in Kelvin Grove have grown 27.6% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Kelvin Grove have grown 4.3% lower than the average rate of growth for units across Brisbane.

Choose the right real estate agents in Kelvin Grove

Choosing the right real estate agent in Kelvin Grove can have a big impact on your sale. While there are 70 real estate agents working in the suburb, but just 5 of them were responsible for 36.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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