Drewvale is a smaller residential area in Queensland within the Brisbane local government area (postcode 4116). It is home to about 4,779 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $117K per year, with an average household size of 3.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Chinese.
The median house price in Drewvale is $1.3 million, broadly unchanged over the past year. The current median weekly rent is $750. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,993.
Public transport access includes 12 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($1.3M/$1.1M). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.