Suburb Profiles

Graceville

Overview

Location

7 km south-west of the Brisbane CBD.

Features

Small business and commercial centres, Brisbane River frontage, Graceville rail station.

Demographics Over 48% of households in the area are couples with children, 35% are couples without children and 14% are single parent households. According to the 2006 Census, there were 4,093 people living in the suburb with a median age of 35. The median individual income was $687 per week. Of all occupied private dwellings, 74.6% were either fully owned or being purchased; 21.7% were being rented.

Housing data

89% of the dwellings in this area are stand-alone houses, with townhouses accounting for a further 7%. Graceville is a green haven, with leafy streets and a family oriented feel. The houses are mainly large older-style homes, many of them beautifully renovated. Graceville has experienced strong median house price growth over the last few years and this is expected to continue.

Median Price

REIQ research shows that the median house price in the suburb for the calendar year 2006 was $450,000.

Median Weekly Rent

The median weekly rent paid for a 3-bedroom house in this area in the June 2007 quarter was $320. The median weekly rent paid for a 2-bedroom unit in this area for the same period was $240.

Profile

Graceville is one of Brisbane's most popular suburbs, bounded on its eastern and western edges by the Indooroopilly and Chelmer/Sherwood reaches of the Brisbane River. Benefiting from the enormous buyer interest in near and inner city living, Graceville provides its residents with easy access to Indooroopilly Shoppingtown and the University of Queensland.

With its own railway station central to the suburb and access to BCC bus routes, Graceville's residents have easy access to all of greater Brisbane. Like its neighbour, Chelmer, Graceville is a leafy quiet residential suburb with part of the suburb bordering the Brisbane River. One of the city's older suburbs, Graceville has some fine old Queenslanders and post-war homes with many opportunities for renovation.

There are two thriving small business and commercial centres on either side of the railway line. There is also a cinema. The suburb has Catholic, Anglican and Presbyterian churches, two primary schools, a cycle way and sporting fields.

Source: REIQ

Graceville at a glance...