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!
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.
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.
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.
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.
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).
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).
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.
**Statistics are accurate for August 2022
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