Get a property report and suburb profile for any property in Upper Mount Gravatt

Upper Mount Gravatt is a delightful suburb that offers a fantastic blend of convenience and community spirit, making it a wonderful place to call home. Its vibrant atmosphere is complemented by a diverse mix of residents, including families, students, and professionals, all drawn to the suburb's excellent amenities and strategic location. The area is known for its lively commercial and retail scene, providing residents with an abundance of shopping, dining, and entertainment options. The presence of Westfield Garden City ensures that everything you need is just a stone's throw away, adding to the suburb's appeal.

Families will find Upper Mount Gravatt particularly appealing due to its strong sense of community and access to quality educational institutions. The suburb's proximity to Griffith University and other schools makes it an ideal location for those prioritizing education. Safety is generally not a major concern, and the suburb's well-connected public transport system, including the South East Busway, makes commuting to Brisbane's CBD and other areas a breeze. The mix of modern apartments and traditional homes caters to a variety of housing preferences, offering something for everyone.

While Upper Mount Gravatt offers a vibrant lifestyle, it does come with some trade-offs. The bustling nature of the suburb means it can be quite busy, especially around the shopping precincts. Additionally, ongoing developments and infrastructure upgrades may lead to temporary disruptions. However, these changes are likely to enhance the suburb's livability in the long run. For those seeking a dynamic and convenient place to live, with a strong community feel and access to excellent amenities, Upper Mount Gravatt is a fantastic choice.

Living in Upper Mount Gravatt can be quite costly, especially when it comes to housing. The median house price is around $1,202,500, which is on the higher side compared to many other Brisbane suburbs. If you're considering renting, the average rent for houses is about $650 per week, while units are slightly more affordable at $640 per week. These prices indicate that a significant portion of your income might go towards housing if you choose to live here.

When comparing the average wage in Upper Mount Gravatt, which is approximately $75,000 per year, to the median household income of $86,000, it's evident that the cost of living, particularly housing, could be a stretch for some. The average wage is slightly below the median household income, suggesting that dual-income households might find it easier to manage these expenses. Overall, while Upper Mount Gravatt offers a desirable location with various amenities, the cost of living, particularly in terms of housing, is relatively high, and it's important to consider your financial situation when thinking of living in this suburb.

Upper Mount Gravatt is showing strong signs of being a promising investment suburb. Over the past year, the median house value has surged by an impressive 27.4%, while unit values have also seen a significant increase of 15.1%. This indicates a robust demand for property in the area, which is a positive signal for potential investors. The suburb's growth in property values suggests that it is becoming increasingly desirable, likely due to its appealing location and amenities.

In addition to property value growth, Upper Mount Gravatt has experienced notable increases in rental prices, with house rents rising by 8.3% and unit rents by 9.4% over the last year. This trend highlights the suburb's strong rental market, making it an attractive option for investors seeking reliable rental income. The combination of rising property values and rental yields suggests that Upper Mount Gravatt offers a balanced investment opportunity, appealing to both capital growth and rental return-focused investors.

Overall, Upper Mount Gravatt's recent performance in both property value and rental growth positions it as a compelling choice for investment. Its consistent upward trajectory in these areas indicates a healthy demand and a promising future, making it a suburb worth considering for those looking to invest in the real estate market.