Question 1

Is Mount Gravatt a nice place to live?

Accepted Answer

Mount Gravatt sits on a leafy hilltop with a lookout, bushland reserves and walking tracks that deliver broad city and bay views. The streets mix older weatherboard homes, low-rise units and pockets of newer townhouses, giving the suburb an established, settled feel. Local convenience centres on Mount Gravatt Plaza and a handful of shopping strips, while parks, sports fields and community facilities are close by. Regular bus services along the main roads link the suburb with surrounding areas and the city.

The population has a median age of 36, and couple families with and without children together make up just over eight in ten families. Owner-occupiers account for 56.5% of homes while 43.5% are rented. The suburb is the focus of Brisbane City Council’s draft Mt Gravatt Centre Suburban Renewal Precinct Plan, and the Brisbane Housing Company has completed a public housing project delivering 32 one-bedroom social and affordable homes for long-term tenancy. Whether Mount Gravatt suits you will come down to how you value hilltop outlooks, local shops and a mixed housing market with good bus links.

Question 2

Is it expensive to live in Mount Gravatt?

Accepted Answer

Buying a house in Mount Gravatt at the current median price of $1,270,000 works out to about 13.0 times a typical local household's annual income at the last Census (median household income was $1,875 a week, or $97,500 a year). On these figures, buying sits well above what people locally earned at the last Census.

If you're renting, a house rent of $750 a week would take about 40% of a typical local household's weekly income at the last Census, which is a large share, while unit rent of $625 a week would take about a third (33.3%) of that weekly income, a sizeable share. Whether that feels expensive depends on your own income and circumstances.

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 Mount Gravatt a good place to invest?

Accepted Answer

The most striking movement in Mount Gravatt over the past year is the strong rise in house values, which climbed 32.2%. Unit values also rose strongly, up 16.4%.

On the rental side, unit rents jumped 17.9% while house rents were up a solid 7.1%. That means capital growth has been the dominant story for houses this year, whereas for units rental income growth slightly outpaced capital growth. If rental income is your priority, the unit rent increase is the figure that matters; if capital growth is your focus, the large rise in house values is the relevant number. Whether that fits your goals and circumstances is for you to judge.

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	$1.27M	N/A
Change in value Past 12 months	32.2%	16.4%
Sold Past 3 months	12	3
Median days on market Past 12 months	18	20
Average rent Past 12 months	$750	$625
Change in rent Past 12 months	7.1%	17.9%

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