Ellen Grove (postcode 4078) is a compact suburb in Queensland within the Brisbane local government area. The area has roughly 3,586 residents and a young professional demographic, with a median age of 30. Households earn a median income of $70K per year, with an average household size of 2.9 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 labourers, professionals, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Vietnamese.
The median house price in Ellen Grove is $943,000, broadly unchanged over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,491.
Public transport access includes 15 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
From an investment perspective, Ellen Grove shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($943K/$1.1M). The price-to-income ratio of 13.4x 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.