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Mount Gravatt East suburb profile

Mount Gravatt East is a vibrant suburb located approximately 10km southeast of Brisbane's CBD, known for its leafy streets and family-friendly atmosphere. The area offers a mix of post-war homes and modern developments, catering to a diverse community. Residents enjoy convenient access to local amenities, including shopping centres, parks, and schools, making it an ideal location for families and professionals. The suburb's proximity to major transport routes ensures easy connectivity to the city and surrounding areas. With its blend of suburban tranquility and urban convenience, Mount Gravatt East remains a popular choice for those seeking a balanced lifestyle.

Mount Gravatt East property market performance

Current median dwelling price$1,186,775Past 3 months

Property growth+19.8%Past 12 months

Mount Gravatt East’s property market has experienced significant growth over the past 12 months, with house values increasing by 17.7% and unit values rising by 16.2%. The median house price over the past three months has averaged $1.45 million, while units have averaged $875,100, indicating strong demand across both property types.

Sales activity has been robust, with 37 houses and 18 units sold in the past three months. Properties are moving quickly, with a median time on market of just 17 days for houses and 18 days for units, reflecting a competitive market environment.

The rental market in Mount Gravatt East has also seen notable increases, with house rents rising by 9.4% and unit rents surging by 14.7% over the last 12 months, highlighting a strong demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.50M$873K
Change in value
Past 12 months
20.6%19.1%
Sold
Past 3 months
3616
Median days on market
Past 12 months
1718
Average rent
Past 12 months
$725$600
Change in rent
Past 12 months
7.7%15.4%

5 year median price trend for houses and units

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Mount Gravatt East demographics

Mount Gravatt East, located in Brisbane's southern suburbs, is a family-friendly area known for its leafy streets and community-oriented atmosphere. With a population of 12,428 and a median age of 35, the suburb attracts a mix of young families and professionals who appreciate its balance of suburban tranquility and proximity to the city. The median total household income of $2,055 per week reflects the area's appeal to middle-income earners seeking a comfortable lifestyle.

Family life is a significant aspect of Mount Gravatt East, with 45.6% of households being couple families with children, and 35.2% being couples without children. This demographic composition highlights the suburb's suitability for both growing families and those enjoying a quieter, child-free lifestyle. One-parent families make up 17% of the community, adding to the suburb's diverse family structures.

In terms of housing, Mount Gravatt East offers a mix of ownership and rental opportunities. Approximately 22.9% of properties are owned outright, while 38.9% are owned with a mortgage, indicating a stable property market with opportunities for both established homeowners and new buyers. The rental market is also robust, with 38.2% of properties being rented, catering to those seeking flexibility or temporary accommodation.

The suburb's location provides residents with easy access to local amenities, schools, and parks, making it an attractive option for families and individuals alike. Its community spirit, combined with the convenience of nearby shopping centers and public transport, ensures that Mount Gravatt East remains a desirable place to live for those seeking a harmonious blend of suburban life and urban convenience.

Mount Gravatt East infrastructure, key developments and investment opportunities

Mount Gravatt East continues to benefit from its proximity to major retail hubs like Westfield Carindale and Garden City, as well as Mt Gravatt Plaza and the Logan Road café strip, supporting strong local amenity and buyer demand.[6] Frequent Brisbane City Council bus services through the suburb, along with easy access to the M1 and Gateway Motorway, enhance connectivity to the CBD and employment centres, which is a key driver of both rental and owner-occupier interest.[6]

Ongoing infill development, including a rising number of units and townhouses, is gradually increasing housing density in Mount Gravatt East and providing more options for downsizers, investors and first-home buyers.[6] The suburb’s location near Griffith University campuses, TAFE facilities and established school catchments, combined with extensive parklands and leafy residential streets, continues to underpin its livability and long-term appeal, although there are no widely reported new infrastructure or planning changes currently reshaping the market.[1][6]

Mount Gravatt East rental market trends

The rental market in Mount Gravatt East is experiencing robust growth, with house rents increasing 9.4% over the past year to $720 per week, while unit rents have surged 14.7% to $600 per week. This suburb continues to attract renters and investors alike, thanks to its strategic location and ongoing development, making it a desirable area for long-term investment.

Suburbs near Mount Gravatt East

Some popular suburbs near Mount Gravatt East include:

How does Mount Gravatt East compare to nearby suburbs?

  • Median house prices: Mount Gravatt East’s median house price is 13.3% higher than Mount Gravatt’s.
  • Median unit prices: Mount Gravatt East’s median unit price is 1.1% lower than Upper Mount Gravatt’s.
  • House price growth: Over the past 12 months, house prices in Mount Gravatt East have grown 5.5% higher than in Holland Park West.
  • Unit price growth: Over the past 12 months, unit prices in Mount Gravatt East have grown 5.0% higher than in Mount Gravatt.
  • Selling speed for houses: Properties in Mount Gravatt East are selling 19.0% faster than in Holland Park West.
  • Selling speed for units: Properties in Mount Gravatt East are selling 10.0% faster than in Mount Gravatt.
  • Investment considerations: In Mount Gravatt East, the rental yield for house is 2.3% higher than the Brisbane average, while the rental yield for units is 8.1% lower.
  • House price growth: Over the past 12 months, house prices in Mount Gravatt East have grown 13.8% higher than the average rate of growth across Brisbane.
  • Unit price growth:Over the past 12 months, unit prices in Mount Gravatt East have grown 2.9% higher than the average rate of growth for units across Brisbane.

Common questions about Mount Gravatt East

  • Is Mount Gravatt East a nice place to live?

    Mount Gravatt East is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a fantastic place to live. Known for its charming leafy streets and community-oriented atmosphere, it provides a welcoming environment for families and individuals alike. The suburb is well-equipped with amenities, including shopping centres, parks, and schools, ensuring that residents have everything they need within easy reach. Its proximity to major transport routes and frequent bus services enhances connectivity to Brisbane's CBD and other key areas, making it a convenient choice for professionals and commuters.

    Families will find Mount Gravatt East particularly appealing due to its strong sense of community and family-friendly vibe. The suburb offers a variety of housing options, from post-war homes to modern developments, catering to diverse family structures and lifestyles. With access to quality schools and extensive parklands, it's an ideal setting for raising children. Safety is generally not a major concern, contributing to the suburb's reputation as a peaceful and secure place to live.

    While Mount Gravatt East offers many advantages, there are some trade-offs to consider. The ongoing infill development is gradually increasing housing density, which may affect the suburb's traditional suburban feel. Additionally, while the suburb is well-connected, the lack of new infrastructure or significant planning changes might limit future growth opportunities. However, for those seeking a balanced lifestyle with the convenience of urban amenities and the charm of a suburban setting, Mount Gravatt East remains a highly desirable choice.

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  • Is it expensive to live in Mount Gravatt East?

    Living in Mount Gravatt East can be quite expensive, especially when considering the current property market. The median house price in this inner suburb of Brisbane is around $1,450,500, while units are priced at about $875,100. These figures are significantly higher than in many other parts of Brisbane, reflecting the suburb's appeal and proximity to the city center.

    For those considering renting, the average rent for houses is approximately $720 per week, and for units, it's around $600 per week. When compared to the average wage in Brisbane, which is about $81,000 per year, it's clear that a substantial portion of one's income would need to be allocated towards housing costs in Mount Gravatt East. The median total household income in the suburb is $2,055 per week, which suggests that while some households may manage comfortably, others might find the cost of living here to be a stretch.

    Overall, Mount Gravatt East offers a desirable lifestyle with its convenient location and amenities, but the cost of living, particularly in terms of housing, is on the higher side. If you are thinking of living in Mount Gravatt East, it's important to consider your financial situation and whether it aligns with the expenses associated with residing in this attractive suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Mount Gravatt East a good place to invest?

    Mount Gravatt East is shaping up to be an attractive suburb for investment, thanks to its impressive growth in both property values and rental returns. Over the past year, the median house value has surged by 17.7%, while units have seen a significant increase of 16.2%. This upward trend in property values indicates strong demand and a healthy market, making it a promising area for potential investors.

    In addition to the capital growth, Mount Gravatt East has experienced notable increases in rental returns, with house rents climbing by 9.4% and unit rents by 14.7% over the last 12 months. This makes the suburb appealing for investors seeking solid rental income. The combination of rising property values and rental yields suggests a robust investment environment, driven by the suburb's desirable location and amenities.

    Overall, Mount Gravatt East offers a compelling opportunity for investment, with its strong market performance and potential for continued growth. Its appeal to both buyers and renters ensures a steady demand, making it a suburb worth considering for those looking to invest in the real estate market.

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Choose the right real estate agents in Mount Gravatt East

Currently, there are 108 real estate agents working in Mount Gravatt East—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 108 agents sold 34.8% of all properties in Mount Gravatt East over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Mount Gravatt East typically charge a commission of 2.44% to 3.04%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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