Gracemere is a well-established suburb in Queensland within the Rockhampton local government area (postcode 4702). With a population of 12,023, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $89K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gracemere is $430,000, having surged 15.5% over the past year. Units have a median price of $300,000 (+6.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,517.
Gracemere is served by 3 schools, including 3 primary. The average ICSEA score is 912, which is below the national average of 1,000. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Gracemere offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($430K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +15.5% year-on-year.
Gracemere is a well-established suburb in Queensland within the Rockhampton local government area (postcode 4702). With a population of 12,023, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $89K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Gracemere is $430,000, having surged 15.5% over the past year. Units have a median price of $300,000 (+6.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $1,517.
Gracemere is served by 3 schools, including 3 primary. The average ICSEA score is 912, which is below the national average of 1,000. The crime rate in the Rockhampton LGA is higher than average at 11,689 incidents per 100,000 population.
From an investment perspective, Gracemere offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($430K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 4.8x is considered affordable. House prices have moved +15.5% year-on-year.