Upper Mount Gravatt is a well-established suburb in Queensland within the Brisbane local government area (postcode 4122). The area has roughly 10,800 residents and a mix of young professionals and families, with a median age of 33. Households earn a median income of $86K per year, with an average household size of 2.4 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 Upper Mount Gravatt is $998,000, having jumped by 13.1% over the past year. Units have a median price of $555,000 (+11% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,954.
Upper Mount Gravatt is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1066, which is above the national average of 1,000. Public transport access includes 3 rail stations, 66 bus stops. Healthcare facilities include 1 private hospital. 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 3.4% (moderate yield). Property prices are near the state median ($998K/$1.1M). The price-to-income ratio of 11.6x is considered stretched. House prices have moved +13.1% 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.