Grange Buyers Agent’s Guide
Are you looking to purchase a home or investment property in the Grange? As a Grange Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Grange property purchase!
The Grange is located 6.5km north of the Brisbane CBD. The suburb is bordered to the South by Kedron Brook a popular green feature of the community with cycle and walking paths and many green spaces. In the middle of the suburb there is Lanham Park with sporting facilities, a bowling club and library.
The population of Grange in 2016 was around 4296 and continues to grow. 74% of households in Grange are owner occupied and the predominant age group in the suburb is 40-49 years.
Shops, restaurants and entertainment
The main shopping centres servicing the Grange are located at either end of Newmarket Road and include Homezone Windsor and Newmarket Village. They contain an extensive array of cafes, deli’s and supermarkets. The Newmarket Village is also home to the Reading Cinema complex. The Wilston Village on Kedron Brook Road is also close-by and features several cafes and specialty shops.
There are a number of popular cafes dotted through the streets in the Grange – this includes Paddock Espresso in Chermside Street.
Several convenient bus services connect the Grange with the Brisbane CBD via Grange and Days Roads. Train stations are located in neighbouring suburbs Newmarket, Wilston and Windsor.
Parks and Green spaces
There is an abundance of parks, sports grounds and green spaces in the suburb.
The suburb is bordered to the south by Kedron Brook, a picturesque waterway that flows through the suburb with adjacent parkland, and an extensive network and bikeways and walking paths.
Lanham Park is an excellent park for the whole family. The multiple playgrounds and open grass areas make it a good pick for many activities! The park is also home to the Grange Council Library and the Grange Thistle Football which is incredibly community-spirited.
Most residents commute to the Brisbane CBD for work.
Most and least desirable areas
Homes that look onto Kedron Brook are a desirable part of the Grange.
Traffic noise can be an issue for properties close to major thoroughfares including Days Road and Grange Road. Buyers should check the Brisbane City Council Flood Maps, as some areas particularly with close proximity to Kedron Brook may be susceptible to flooding.
Housing type and typical block size
The vast majority of properties in Grange are free standing houses.
The suburb is a mix of Queenslanders, cute character worker cottages and modern homes. Queenslander style houses are distinct timber character homes built in the late 1800’s through to early 1900’s and are characterised by deep wrap-around verandahs, VJ walls and soaring ceilings. A typical block size for this type of home is 607m2.
Post-war houses also occur in the area. Many of the post war homes have been removed to allow for subdivisions, and the construction of contemporary homes on smaller sized blocks (405m2).
What can my money buy in Grange?
The median house price in Grange is $1,075,000 which is well above Brisbane’s median.
The median house price in Grange would typically buy a 3 bedroom, 1-2 bathroom house on a 600m2 block. For example: 33 Howard Street, Grange – sold $1,043,000 in October 2020 (click to view listing and see images below).
The median unit price in Grange is: $387,000.
This amount would typically buy a 2 bedroom, 1-2 bathroom, 1garage unit in an older style complex but in reasonably good condition. For example: 4/43 Carberry Street, Grange – 319,000 in Nov 2020 (click to view listing and see images below).
How has the Grange property market been performing?
In the last 5 years the median house price has increased by 33.9%. Over the last 10 years, house prices have increased by 5% per annum.
Units in Grange have seen much slower price growth. On average, over the last 10 years unit prices have increased by 0.3% per annum.
Supply and demand characteristics for Grange
- Average Days on Market: Houses: 31 days. Units: 38 days.
- Grange’s auction clearance rates are 57% for houses.
- The average rental yield for houses is 3.30%, compared to 4.94% for units.
- There is a shortage of houses currently listed for sale (1.38%) and units (0.63%).
- The rental vacancy rate for houses is 1.87%, compared to units 0.43%.
**Statistics are accurate for December 2019
Thinking about buying a property in Grange? Our Grange Buyers’ Agent is more than happy to have a chat. Please contact us.
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