Grange is a smaller suburb in Queensland within the Brisbane local government area (postcode 4051). With a population of 4,615, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $170K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Grange is $1.7 million, having surged 14.4% over the past year. Units have a median price of $830,000 (+0.5% YoY). The current median weekly rent is $715. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,600.
Grange is served by 1 school, including 1 primary. The average ICSEA score is 1165, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Grange offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +14.4% year-on-year.
Grange is a smaller suburb in Queensland within the Brisbane local government area (postcode 4051). With a population of 4,615, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $170K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Grange is $1.7 million, having surged 14.4% over the past year. Units have a median price of $830,000 (+0.5% YoY). The current median weekly rent is $715. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,600.
Grange is served by 1 school, including 1 primary. The average ICSEA score is 1165, which is well above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Grange offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.7M/$1.1M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +14.4% year-on-year.