Mount Gravatt Real Estate | Close to it all
Mount Gravatt is a suburb in Brisbane that is 8 km southeast of the CBD and is in between Logan Road and the South East Freeway. Growing families are loving this suburb due to its close proximity to public transport, schools, shops and entertainment facilities. It is an excellent option for commuting workers and families. With a population of around 3,379 in 2016, we can set an educated guess of over 3,700 in 2021.
Currently being 57% owner occupied, we are seeing more of the middle-aged generation being the major home owners in Mount Gravatt. Residents in Mount Gravatt generally work in a professional occupation. The current household structure is predominately middle-aged couples between the ages of 30-39 years with children. The remaining 43% of Mount Gravatt residents are renters and are predominately middle-aged couples with children aswell. Each year the real estate is an ever-evolving industry aswell as the prices of properties are shifting year to year aswell. Get an obligation free appraisal to get informed on your current house price today.
Mount Gravatt is nestled between three brilliant high schools aswell the vibrant Westfield Garden City that has everything you need when it comes to food and shopping desires with the selection of over 470 stores and services you could have a wonderful day out and experience what Westfield Garden City has to offer. Garden City has really developed Mount Gravatt into a central hub for when children finish their day at school aswell as for adults commuting to and from work on a day to day basis. Mount gravatt has really grown over the past few years with some major changes, and is still showing promising growth for the years to come.
Mount gravatt is approximately 3 square kilometres with 32.2% of the suburb being parks. Households in Mount Gravatt are primarily couples with children and are likely to be repaying $1,800 - $2,399 per month on repayments. With house prices always shifting, we have found over the last 12 months, the lower quartile prices for a house is listed at for $650,000. The average price of a house sold in the Mount gravatt area sits at a median price of $695,000 and the upper quartile price has been $797,555. (Corelogic)
With more units being built in Mount Gravatt, we have found over the last 12 months, the lower quartile prices for a unit is listed for $246,625. The average price of a unit sold in the Mount Gravatt sits at a median price of $341,500 and the upper quartile price is at $460,000 (Corelogic).
With the average length of ownership for properties at 13 years in Mount Gravatt, in the last 12 months we have seen only 69 properties sold. Mount Gravatt has become really vibrant over the years and has truly become a spectactular multicultural suburb with lots of options for schools, parks, shops and entertainment.
Selling and buying real estate can be daunting and choosing the right agent can be hard. Call us on (07) 3421 7222 for a chat and some helpful advice regarding your property or head to our contact us page, and let the Harcourts family contact you.