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Mt Gravatt Property Market Enjoying Brisk Sales and 19% Median Growth

Limited inventory and competition among buyers have driven the Mt Gravatt property market upward 19.22% from October 2021 to September 2022, putting the median house price at just under $800,000. Sellers and investors have been enjoying the luxury of making strong offers amid a tight market where transactions are moving at a brisk pace.

Highlights

The Mt Gravatt property market enjoyed a 19.22 per cent growth for October 2020 to September 2021, pulling the median house price at $798,778.
This suburb’s unit market also exhibited an increase at 5.82 per cent with a median unit price of $500,000.
Both houses and unit market listings stayed an average of 20 days on the market although stocks have remained low only 50 sold for houses and 39 for units during this 12-month period.

House Price Growth

Data from Property Market Updates has shown that Mt Gravatt’s property market grew by 19.22 per cent for the period covering October 2020 to September 2021. The median house price in this eastern Brisbane suburb is now sitting at $798,778, up from $670,000 in the previous year.

There were 50 properties sold in Mt Gravatt for the said period with more demand for three-bedroom and four-bedroom homes. House listings stayed an average of 20 days on the market, with fast turnover in a tight market.

According to Property, Research and Development (PRD) Australia, Brisbane’s middle-ring suburbs, which includes Mt Gravatt, have been enjoying significant growth and high demand in the last five years but it has outperformed all inner city and outer rings during the third quarter of 2021 in terms of fast sales and asking prices. Driving the price increase is a perfect combination of low interest rates, better income, and a shift in priorities due to the pandemic.

Unit Price Growth

Mt Gravatt’s unit market has swung upward by 5.82 per cent, with the median unit price settling at half a million. As with houses, units were listed for an average of 20 days on market, with 39 apartments sold for the 12-month period.

Sales of one-bedroom apartments moved the fastest at just 12 days on market. However, most buyers have been looking for two and three-bedroom units.

In early 2020, investors feared that the pandemic would quash the unit market as more buyers sought detached homes with more liveable spaces and the space to work from home. However, Brisbane’s general unit market is expected to trend upward in view of the border reopening.

About Mt Gravatt

Mt Gravatt is a suburb that has a mix of everything that residents need for their convenience and essentials — good schools, great transportation access, thriving dining and shopping scene, wonderful recreational and sports facilities, and proximity to hospitals. Located within the 10- to 15-kilometre radius from the CBD, this area has been flourishing and appealing to families and young professionals who want to live a little further away from the bustling hub of the city.

Given its prime position and the kind of lifestyle Mt Gravatt offers, the suburb is seen to be fairly affordable, compared to other markets, especially for first home buyers. It’s also a viable option for second and even third home buyers who are keen to invest in the property market.

“I have lived in Mt Gravatt for 8 years. Have to say I have hit gold moving here! Have fantastic neighbours and there is a real good community vibe here. If you like nature, greenery, lots of trees and wildlife and community-minded people, this is the place for you! We are within walking distance to all the Mt Gravatt Mountain and Toohey Forest bushwalking trails which we enjoy on a daily basis.”
ShaneTaylor

“Well, what can I say has lots of local restaurants Pizza, pasta, Thai food and coffee club etc local shops have Target and a few specialty shops but just down the road is Westfield Garden City Shopping Centre and we have two Uni’s near us Griffith Mt Gravatt campus and Nathan. The freeway is easily got to for travelling up or down the coast and into the city on the Busway which has Holland Park Busway and Mt Gravatt Busway close by. Bushwalks in the forest. There is plenty of choice for schools in Primary and High schools for Public and Private. Not much more to say really. Enjoy our suburb.”
Sonia

Olympic Champ Visits Mt Gravatt Little Athletics Centre to Help Deliver Good News from Coles

Olympic medallist Kelsey-Lee Barber recently visited the budding athletes at the Mt Gravatt Little Athletics Centre to help the Centre celebrate some good news and provide inspiration to the young, up-and-coming talents at the facility.

Mt Gravatt Little Athletics Centre is one of the grant recipients of the Coles Little Athletics Community Round. The $3,600 grant will be used for the purchase of sports equipment for the centre.

Coles’ allocation of sports equipment grants has been stretched to $2 million, thanks to the incredible sales of reusable community bags designed by Aussie kids. Sales of bananas at Coles supermarkets on National Banana Day in May 2021 also contributed to the fund.

“Our centre has been providing Little Athletics to the community for over 40 years and some of our equipment are well past their use-by date,” Mt Gravatt Little Athletics President Emma Munro said.

“The Coles grant will enable us to upgrade our line marking equipment thus significantly reducing the hours it takes for our volunteers to mark our fields.”

Ms Barber, who is the reigning world javelin champ, said that the funding boost will allow the children of Mt Gravatt Little Athletics Centre to realise their full sporting potential.

“It’s an incredibly exciting time for athletics in Australia off the back of Tokyo 2020 and with Brisbane 2032 on the horizon,” Ms Barber said.

“I know how important it is for athletes like myself to support the next generation so that our sport can continue to grow and thrive. It’s fantastic for Athletics Australia athletes to have a chance to do this through Coles Little Athletics Community Round.”

Statistics demonstrate the importance of having an early interest and involvement in athletics and sports. Seventy-five per cent of the Australian track and field team, who represented the country at the Tokyo Olympics, and 23 per cent of para-athletes in the Paralympics, started their sports training at a Little Athletics facility.

“That’s why support like this from Coles is so important,” Coles Little Athletics Australia President Andrew Pryor said. “The grants will help ensure little athletes of today have all the resources they need to develop into Olympians of the future if that is the pathway they choose.”

Coles State General Manager Jerry Farrell said the supermarket chain is happy to continue the partnership with Little Athletics centres in Queensland.

“Little Athletics centres and their dedicated volunteers play such a vital role in the local community to help kids keep active and healthy. We want to be better together with the community and we’re proud to play our part by providing nearly $370,000 in sports equipment grants to Little Athletics centres in Queensland over the past three years,” Mr Farrell said.

BWC Unites to Launch Red Bench Project in Mt Gravatt

The Brisbane Women’s Club (BWC) has unveiled the Red Bench Project outside the Lovewell Café in Mt Gravatt to raise awareness about domestic violence.

Read: Median House Price Rises As Demand Grows for Homes in Mt Gravatt

Brisbane Women’s Club Chair of the Board, Leah Stangle said BWC was delighted to support the Red Bench Project that aligned closely with the club’s ethos, to make Brisbane a better place for women to live and work.

“The BWC board has worked hard with our partners to send a strong message to the community that we want to end the silence around domestic violence,” Ms Stangle said.

Between July 2020 and March 2021, Queensland Police has responded to 113,779 domestic violence cases throughout the state.

Ms Stangle said the bench was installed outside the Lovewell Café, run by the Lovewell Foundation, which works with women who are rebuilding their lives to retake their place in the community.

The initiative is part of the Red Rose Foundation’s commitment to end domestic and family violence-related deaths in Australia.

Red Rose Foundation, Chief Executive Officer, Betty Taylor said they hoped the daring red colour would keep the issue of domestic violence at the forefront of people’s minds generating the much needed, yet often taboo, discussions in our community.

“The benches will encourage people to stop, sit, read the plaques and bring the issue of domestic violence to people of all walks of life, whether they have been affected by DV or not,” she said.

red-bench-project — L to R: Jim Boden, Red Rose Foundation, Lady Mayoress Nina Schrinner, Annie Stonehouse, Lovewell Foundation, Leah Stangle, Brisbane Women’s Club and Councillor Krista Adams, Deputy Mayor (Photo supplied)

Lord Mayoress Nina Schrinner graced the ribbon-cutting ceremony with Deputy Mayor Krista Adams. To date, around 270 red benches have been installed mostly in Queensland with eight in New South Wales, two in South Australia, and 30 within Brisbane.

Mt Gravatt Used Car Yard Transformation Gets Underway

Construction is set to begin in one of the busiest sites in Mt Gravatt, where a used car yard will be transformed into a service station with a few fast-food restaurants with drive-thru service.

The development, which has been three years in the making and also impacts High Street and Creighton Street, is finally pushing through by the end of October. Once completed, the former car yard will boast of a new Hungry Jack restaurant, a Zaraffas Coffee Shop, and a 7-Eleven service station. These establishments are expected to open 24 hours a day.

A bus stop along Logan Road will be moved a few metres northward to make way for the new development, which was largely uncontested by the residents. Prior to the filing of the DA, the developers had pre-lodgement meetings in 2016 with members of the Council.

The transformation will provide 36 car parking spaces for all of the tenants and their customers. Approval for this development (DA A005030044) was decided in August 2019.

It comes as Hungry Jack has just opened a new outlet at the Rochedale Village whilst a KFC fast food outlet with drive-thru also opened on Logan Road towards the Eight Mile Plains section in April. Another KFC outlet, taking over Mt Gravatt Montezuma, is also awaiting development approval.

Why Business Owners Must Join the Brisbane Southside CCIQ Breakfast in Mt Gravatt

Are you a Brisbane business owner who would like to know how the preparations for the 2032 Brisbane Olympics could impact your establishment? Learn what’s in store as the Brisbane Southside Chamber of Commerce (CCIQ) hosts its monthly breakfast with a special guest who can shed light on the programs and policies for the business community.

Happening on Wednesday, 20 October 2021, the Brisbane Southside Chamber of Commerce breakfast will take place from 6:30 a.m. to 8:30 a.m. at the Mount Gravatt Bowls Club on Logan Road.

The Brisbane Southside CCIQ has invited Deputy Mayor Krista Adams as the speaker, who was appointed the Civic Cabinet Chair for Economic Development and the Chair of Brisbane 2032 Olympic and Paralympic Games Committee.

With these significant roles, Ms Adams will help Lord Mayor Adrian Schrinner steer the planning and strategising of the 2032 Olympic and Paralympic Games, with her focus on small business and international relations.

“Krista will work closely with me to guide the delivery of game-changing infrastructure and a lasting legacy for our city and region,” Mr Schrinner said.

“Anyone who knows Krista will attest that she’s an avid sports fan and her experience managing some of Civic Cabinet’s most complex and challenging roles makes her the perfect choice to lead our Games responsibilities.”

Ms Adams and Mr Schrinner are charting a detailed road map to make Brisbane Olympic-ready and this won’t be possible without consulting business owners. This will also open up more opportunities for local businesses to bid on upcoming projects.

Get Your Ticket – October Breakfast with Deputy Mayor Krista Adams

A COVID-19 Vaccination Clinic is Popping Up at Bunnings Mt Gravatt

A COVID-19 jab with free sausage sizzles? Bunnings customers will be able to get both as the store rolls out its pop-up vaccination clinics in Mt Gravatt and more than two dozen Bunning sites across Queensland.

Beginning Saturday, 16 October 2021, Bunnings shoppers may walk in for their COVID-19 vaccination at the Mt Gravatt location or the following outlets:

BUNNINGS STORE	LOCATION
Smithfield	Cairns and Hinterland
Atherton	Cairns and Hinterland
Rockhampton	Central Queensland
Yeppoon	Central Queensland
Gladstone	Central Queensland
Kingaroy	Darling Downs
Dalby	Darling Downs
Oxenford	Gold Coast
Pimpama	Gold Coast
Nerang	Gold Coast
Robina	Gold Coast
Arundel	Gold Coast
Burleigh Waters	Gold Coast
Airlie Beach	Mackay
Mackay North	Mackay
Paget Mackay	Mackay
Morayfield	Metro North
North Lakes	Metro North
Stafford	Metro North
Brendale	Metro North
Browns Plains	Metro South
Bethania	Metro South
Mt Gravatt	Metro South
Underwood	Metro South
Victoria Point	Metro South
Gympie	Sunshine Coast
Fairfield Waters	Townsville
Townsville	Townsville
Townsville North	Townsville
Plainland	West Moreton
Bundaberg	Wide Bay
Hervey Bay	Wide Bay
Maryborough	Wide Bay

“We’re really pleased to be helping Queensland Health with the rollout of community vaccinations across South East Queensland by hosting pop-up vaccination clinics in around 30 of our store carparks. We hope it makes accessing vaccinations as easy and convenient as picking up an item for a weekend DIY project,” Bunnings Managing Director Mike Schneider said during the announcement.

“We’ve always tried to play an active role supporting the local communities where we operate, so providing space to QLD Health to accelerate the vaccination rollout just makes sense.

“Like everyone, we can’t wait to see the whole community protected so we can all get back to doing the things we love.”

Queensland Health will run the pop-up clinics at the Bunnings shops to boost the vaccination drive, which has been lagging behind other Australian states. There are currently less than 33 active cases in the region, which were mostly acquired overseas and there are no locally acquired cases.

BREAKING: Pop-up vaccination clinics are coming to Bunnings. From this Saturday, you can get a Bunnings sausage and vaccine dose at several sites across Queensland 💪 #GetVaccinated pic.twitter.com/NfaZ6nXDxO
— Annastacia Palaszczuk (@AnnastaciaMP) October 11, 2021

“Now is the critical time to get vaccinated – we have the supply, we have the capacity, and we want people to come and get vaccinated now,“ the Minister said.

“The Pfizer vaccine is available at Queensland Health vaccination sites, the Pfizer and AstraZeneca vaccines are available at participating GPs, and the AstraZeneca and Moderna vaccines are available at participating community pharmacies.”

Over 70 per cent of eligible Queenslanders have had their first dose, while nearly 53 per cent are fully vaccinated.

Median House Price Rises As Demand Grows for Homes in Mt Gravatt

Investing in a house in Mt Gravatt remains a good decision for those looking to cash in on a spacious but affordable property close to the Brisbane CBD, with a strong potential to continue the upward trend in value over the next few years.

From July 2020 to June 2021, Mt Gravatt’s property market has shown an uptick and the median house price rose by 13.64 percent, as buyers from interstate consider leaving congested Sydney or Melbourne to move to Brisbane’s suburbs.

In Mt Gravatt, the cost of buying a family home close to the CBD is a sound investment as residents could live in a beautiful detached home to raise a family near the best schools, enjoy a comfortable lifestyle with heaps of employment options, and still have savings in the bank.

The median house price for this suburb sits at $750,000, higher than the Queensland median. Homes in Mt Gravatt can be had for a reasonable budget for many buyers looking for a location with good access to the Gateway Motorway and other transport infrastructure; lifestyle and retail centres like Westfield Garden City; and schools such as Griffith University; and medical facilities.

During this 12-month period, 60 properties, listed at an average of 28 days on market, were sold in Mt Gravatt, indicating a tight market with such high demand, per data from Property Market Updates.

Unit Price Growth

Off the back of a resilient housing market, Mt Gravatt’s unit market has also improved in the same time period with an 8.60 percent growth on the median unit price. Listings were on the market for an average of 48 days, fetching a median unit price of $505,000.

Mt Gravatt’s apartment market attracts downsizing households who need access to good transportation and recreation, as well as young families who want a good education and employment opportunities.

TAFE Officially Opens New Fashion Centre of Excellence in Mt Gravatt

Budding fashion designers and talented creatives will benefit from TAFE Queensland’s new and upgraded Fashion Centre of Excellence building in Mt Gravatt. The $6.5 million training facility was officially opened on 8 Sept 2021.

In 2019, TAFE Queensland completed the first stage of the Fashion Centre of Excellence development, where students learn and develop skills that could support a livelihood or put them on the map as one of the world’s best fashion designers.

The second stage of the project invested in expanding and creating “modern, vibrant and inspiring learning spaces” where the designers can make use of industry-standard equipment and modern tools for learning.

“There are rooms for pattern making, millinery, sewing, stretch wear and screen printing, all with industry-standard machinery and equipment giving us everything we need to successfully bring our ideas to life,” TAFE Queensland announced.

“Couple that with the amazing teachers who break down the subject matter and guide us through it step by step and it’s a recipe for success.”

With more than 6,000 fashion, industrial and jewellery designers across the state, this industry has been building half a million jobs and contributing $27 billion dollars a year to Queensland’s economy.

Since the centre’s first stage completion, TAFE Mt Gravatt doubled its number of students to 294. The majority of the students are enrolled in the Diploma of Applied Fashion Design and Merchandising, one of the more popular courses at the Mt Gravatt facility.

“Investing in skills and training for young people to enter the workforce and strengthen industries is a key part of the COVID recovery,” Member for Greenslopes Joe Kelly said.

“We are taking the future of fashion and textile creatives seriously and supporting young Queenslanders to get a start in the industry.”

Free Skateboarding Lessons Held Monthly at PCYC Mount Gravatt

As part of the Forging Unique Skills and Experiences (FUSE) program, PCYC Mt Gravatt conducts FREE skateboarding lessons every month for young people between the ages of 12 to 25 years old.

The skateboarding workshops are held every second Monday and fifth Monday, if there is one for the month, under the expertise of coaches Claudia from Olliesonny. The sessions, which run from 3:30 to 5:30 p.m., are open to all skill levels and the coaches also teach new tricks to the more experienced skateboarders.

For the rest of the year, here are the confirmed F.U.S.E. skateboarding workshop schedules at PCYC Mount Gravatt.

26 July
9 Aug
30 Aug

13 Sept
27 Sept
11 Oct

25 Oct
8 Nov
29 Nov

Skateboarding may seem hard and dangerous but once you start learning the skills and develop balance, it could be a healthy form of exercise. Skateboarding for hours allows the body to burn tons of calories and strengthen the legs and core.

In older kids, it’s could be a great means for getting around town. In young children, skateboarding builds up confidence as they attempt to master what seemed to be scary in the beginning.

In Australia, some 21 percent of young people engage in skateboarding as a form of recreation, exercise, or sport. It was integrated into the F.U.S.E. program of Brisbane City Council to help the youth learn new skills.

Bookings are required to participate in the skateboarding workshop. Phone 07 3420 4655 for more information.

Mt Gravatt, Nathan Have Highest Childcare Fees in Queensland

Did you know that families in Nathan and Mt Gravatt are spending more on childcare fees compared to families in the other suburbs of Brisbane?

According to the Federal Government’s latest report on Child Care in Australia, Nathan and Mt Gravatt residents are shelling out over $16,000 a year per child left with childminders. For families availing of the subsidies, the cost is reduced to 50 percent ($8,000/year) or 85 percent ($2,400), depending on the subsidy.

Families in Carindale, Holland Park, Indooroopilly, Kenmore, Sherwood and Yeronga are paying $15,000 a year for childcare (without subsidies). Elsewhere, families in Gympie, Ipswich and Jimboomba spend $10,000 to $12,000 a year.

In December 2020, Queensland’s average childcare cost per hour rose to 3.7 percent at $9.80, whilst the national average is at $10.50 despite a price freeze imposed by the Federal Government as part of the COVID-19 economic measures.

“Generally, the highest rates of growth have been in areas with lower fees. Many of the regions with the high average fee growth were in regional Queensland and other parts of regional Australia,” the report cited.

However, after subsidies, the average childcare cost per hour in Queensland should be at $3.28, deemed the lowest in the country. Federal Education Minister Alan Tudge said that a third of parents in Queensland are enjoying these lowered childcare fees.

The report comes as Prime Minister Scott Morrison signed the Family Assistance Legislation Amendment (Early Childhood Education and Care Coronavirus Response and Other Measures) Bill 2021 that will allow 99 percent of child care services to remain open during emergencies and disasters. This means that the facilities will continue to receive payments in case of massive emergencies, such as a pandemic.

“This legislation will give us the flexibility to respond with similar support during future crises,” Mr Tudge said. “We are investing a record $10.3 billion in child care this year, including $9 billion to subsidise fees for parents.”