Kuraby is a moderately sized suburb in Queensland within the Brisbane local government area (postcode 4112). With a population of 8,737, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $111K per year, with an average household size of 3.3 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, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Chinese, English, Australian.
Median house prices in Kuraby stand at $1.2 million, having climbed sharply by 28.3% over the last twelve months. Units have a median price of $505,000 (+12.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,100.
Kuraby is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 3 rail stations, 16 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved +28.3% 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.