Mount Gravatt heads top 11 profit making suburbs in Queensland
Alistair WalshAugust 19, 2013
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 | |||
| Suburb | Repeat Sales | % of sales over past year | Median value |
| Mount Gravatt | 31 | 100% | $491,186 |
| Mount Ommaney | 13 | 100% | $787,982 |
| Holland Park | 86 | 98% | $524,812 |
| Taringa | 43 | 98% | $754,145 |
| Everton Park | 89 | 97% | $472,513 |
| Nundah | 58 | 97% | $576,279 |
| Eight Mile Plains | 85 | 96% | $576,836 |
| Woolloongabba | 28 | 96% | $618,539 |
| Kenmore | 109 | 96% | $548,286 |
| Chelmer | 25 | 96% | $812,458 |
| Spring Hill | 25 | 96% | $786,271 |
Source: RP Data
Alistair Walsh
Deutsche Welle online reporter
