Mount Gravatt heads top 11 profit making suburbs in Queensland

Alistair WalshDecember 7, 2020

Bread and butter suburbs were the most profit earning suburbs across Brisbane over the last year. In suburbs like Mount Gravatt all of the house sales over the past year sold for more than their previous sale price, according to RP Data.

Across Brisbane, five out of ten house sales went for more than their previous sale price, according to the REIQ.

There were two suburbs with a 100% profit making run - Mount Gravatt, in the south east and Mount Ommaney in the south west.

The new RP Data information is based a slightly tweaked algorithm using Automated Valuation Models which may slightly differ from numbers in Property Observer's system.

Highest proportion of profit making sales
SuburbRepeat Sales% of sales over past yearMedian value
Mount Gravatt31100%$491,186
Mount Ommaney13100%$787,982
Holland Park8698%$524,812
Taringa4398%$754,145
Everton Park8997%$472,513
Nundah5897%$576,279
Eight Mile Plains8596%$576,836
Woolloongabba2896%$618,539
Kenmore10996%$548,286
Chelmer2596%$812,458
Spring Hill2596%$786,271

Source: RP Data

Alistair Walsh

Deutsche Welle online reporter

Editor's Picks

Sculpt Hawthorn wins Best Apartment Architectural Design Award
Why families are descending on Citrine Townhomes in Rochedale
Forte Group's design-led approach to Nexus Apartments, Thomastown
Henroth approved for Montague Road, West End apartments
Receiver sale with extended warranty: The added benefits of buying at The Grand Residences Eastlakes