Suburb Profile

Graceville Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Graceville? As a GracevilleBuyers’ Agents we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Gracevilleproperty purchase!

Graceville Suburb Profile

Gracevilleis a riverside suburb located 10km southwest of the Brisbane CBD. The suburb is best known for its greenspaces, character Queenslanders, family and cafe lifestyle.Gracevilleis bordered by the suburbs of Chelmer, Sherwood & Tennyson.

The population of Gracevillein 2016 was around 4,637 and continues to grow. 74.4% of households in Gracevilleare owner occupied and consistent predominantly of young families likely to be repaying $1800 – $2399 per month on mortgage repayments.


Graceville has cafes, restaurants, chemists, boutique retail, gyms, services stations, and small businesses running along both Honour Avenue and Oxley Road. The closest major supermarket located in neighbouring suburb, Sherwood.

Graceville railway station is located halfway down the middle of the suburb on Honour Avenue. There are convenient bus services running down Honour Avenue, Oxley Road, Long St East and Graceville Avenue.

The area is home to a number of great private and public schools including Christ the King Primary School, andGraceville State Schooland Corinda State High School.

Graceville has 3 major greenspaces; Graceville Memorial Park, Faulkner Park and Graceville Avenue Park. With lovely sporting ovals, dog parks, tennis courts and other sports clubs.

Most residents commute to the Brisbane CBD for work, with the rail being the most popular means of transport.

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Graceville Properties

Traffic noise can be an issue for properties close to major thoroughfares including Oxley Road, Honour Avenue and Graceville Avenue. Buyers should check the Brisbane City Council Flood Maps, as much of the suburb is susceptible to flooding.

Graceville Flood Map

Housing type and typical block size

The vast majority (90%) of properties in Gracevilleare free standing houses.

The suburb is particularly well known for its Character style Queenslanders and post war homes on larger blocks which are slowly being removed and subdivided for small lot modern homes.

What can my money buy in Graceville?

Graceville House Prices

The median house price in Graceville is $1,442,500 which is well above Brisbane’s median.

The median house price in Gracevillewould typically buy a 3-bedroom, 1 bathroom renovator house on a 405m2 block.

For example: 31 Bank Road, Graceville – sold for $1,300,000 in June 2022. (click to view listing and see images below).

Buying a house in Graceville

Graceville Unit Prices

The median unit price in Graceville is: $560,000.

This amount would typically buy a 3-bedroom, 3-bathroom, 2 garage unit in a smaller early 2000’s style complex. For example: 29/316 Long Street, Graceville sold for $528,000 in September 2022. (click to view listingand see images below).

Buying an Investment property in Graceville

How has the Graceville property market been performing?

In the last 5 years the median house price has increased by a massive 73.2%! Over the last 10 years, house prices have increased by 8.5% per annum.

Units in Gracevillehave seen more modest price growth. In the last 5 years the median price of units has increased by 36.2%. On average, over the last 10 years unit prices have increased by 0.6% per annum.

Supply and demand characteristics for Graceville

  • Average Days on Market: Houses 22 days. Units: 14 days.
  • On average houses are selling 7% above their list price.
  • Graceville’s auction clearance rates are 81% for houses.
  • The average rental yield for houses is 2.8%, compared to 4.75% for units.
  • There is a shortage of houses currently listed for sale (1.32%).
  • The rental vacancy rate for houses is 1.27%.

**Statistics are accurate for August 2022

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