Mount Gravatt | The Impact Public Transport has on the Property Market

Brisbane’s desirable lifestyle and affordability has placed an expected population growth of 2.3% this year.

Traditionally, Brisbane is made up of two circles – the inner city and the outer city. Over time the inner city circle has expanded with suburbs that were once considered outer city now classified as inner city Brisbane.  

Despite being 10km from Brisbane’s CBD, Mount Gravatt is an example of a suburb that’s now considered inner city living. Due to this, there has been a dramatic rise in the suburbs property demand.

Real estate agent and Mount Gravatt expert, Ben Salm, says that by offering affordability, there has been a growing demand in the suburb for residential property.  

“We’re seeing a lot of interest in the Mount Gravatt area, particularly from first home buyers and young families,” says Ben.

“A reason for the interest is that homebuyers are still able to purchase renovated homes for a reasonable price along with the great features the suburb has to offer.”

“There’s also been a renewed interest from investors since the announcement of the Metro Rail and relaxation from lending institutions,” he says.  

Not only does Mount Gravatt have great facilities including, schools, Griffith University, recreational areas and entertainment precincts, but a huge attraction of the suburb is it’s accessible and convenient public transport facilities.

Already 16% of the Mount Gravatt population catch public transport to and from work, which is much higher than the state average of 7%.

Public transport can have influence on the decision making process when it comes to buying a home. Ben says that he believes the public transport facilities in Mount Gravatt are a contributing factor to the property demand.

Photo Credit: Wikimedia Commons

“Being such a central location, the Mount Gravatt area is one of most accessible suburbs in Brisbane for public transport,” says Ben.

“The majority of homes are only a few minutes’ walk to a bus stop, and most routes travel through either the Garden City or Carindale bus terminal,

“What this means for residents is easy access to all parts of Brisbane, which is one of the key reasons buyers are choosing to move to the area.”

“This service is only going to be enhanced once the Brisbane Metro project is complete, and will allow even more high frequency services to Brisbane CBD,” he says.

Photo Credit: Pinterest

Even though Mount Gravatt is 10km away from the CBD, there is easy, direct access to the city centre through busways. With multiple bus stops scattered across the suburb and two major bus stations, being Griffith University and Westfield Garden City, getting to the CBD is a breeze.

According to Translink, these busways and stops will take you from Mount Gravatt to Brisbane’s City Centre in approximately 18 minutes.

 

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